Civic Intelligence

Honnold Foundation

EIN 83-0833980 • 501(c)3 • Salt Lake City, UT

Profile

The honnold foundations mission is to partner with marginalized communities to expand equitable solar energy access. Hf funds early-stage solar energy solutions in marginalized communities, builds capacity, and amplifies local solutions because we believe those experiencing the greatest impacts from climate change, economic instability, and social injustice stand to benefit the most from the renewable energy transition, and their vision and expertise can lead the way.

159 W Broadway 200Salt Lake City, UT 84101

www.honnoldfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.44x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.24x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$57,570

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

54th percentile

5.4%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

79%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,906,225

Up $98,183 (+5.4%) from 2023

Liabilities

Down

$845,706

Down $400,206 (-32%) from 2023

Net Assets

Up

$1,060,519

Up $498,389 (+89%) from 2023

Revenue

Up

$3,473,710

Up $1,529,184 (+79%) from 2023

Expenses

Down

$2,812,851

Down $750,642 (-21%) from 2023

Net Income

Up

$660,859

Up $2,279,826 (+141%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2018: $208,257Liabilities 2018: $471Net Assets 2018: $207,7862018Assets 2019: $1,123,534Liabilities 2019: $1,937Net Assets 2019: $1,121,5972019Assets 2020: $1,184,394Liabilities 2020: $4,865Net Assets 2020: $1,179,5292020Assets 2021: $2,206,815Liabilities 2021: $3,609Net Assets 2021: $2,203,2062021Assets 2022: $6,354,284Liabilities 2022: $8,631Net Assets 2022: $6,345,6532022Assets 2023: $1,808,042Liabilities 2023: $1,245,912Net Assets 2023: $562,1302023Assets 2024: $1,906,225Liabilities 2024: $845,706Net Assets 2024: $1,060,5192024

Highlighted filing

2024

Assets$1,906,225
Liabilities$845,706
Net Assets$1,060,519

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2018: $208,854Expenses 2018: $1,068Net Income 2018: $207,7862018Revenue 2019: $1,456,231Expenses 2019: $546,345Net Income 2019: $909,8862019Revenue 2020: $1,449,007Expenses 2020: $1,391,075Net Income 2020: $57,9322020Revenue 2021: $2,549,011Expenses 2021: $1,525,476Net Income 2021: $1,023,5352021Revenue 2022: $6,977,163Expenses 2022: $2,838,169Net Income 2022: $4,138,9942022Revenue 2023: $1,944,526Expenses 2023: $3,563,493Net Income 2023: -$1,618,9672023Revenue 2024: $3,473,710Expenses 2024: $2,812,851Net Income 2024: $660,8592024

Highlighted filing

2024

Revenue$3,473,710
Expenses$2,812,851
Net Income$660,859

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 24, 2025
Return Version
2024v5.2
Gross Receipts
$3,473,710
Mission and Program Overview

Mission

Partnering with marginalized communities to expand equitable solar energy access.

Honnold Foundation partners with marginalized communities to expand equitable solar energy access.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,011,955$1,132,758▲ $120,803
Pledges and Grants Receivable$63,639$409,730▲ $346,091
Savings and Temporary Cash Investments$643,666$329,938▼ $313,728
Accounts Receivable$18,557$33,799▲ $15,242
Investments in Publicly Traded Securities$4,043$0▼ $4,043
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,808,042$1,906,225▲ $98,183
Other Assets Total$66,182$0▼ $66,182
Liabilities
Grants Payable$1,237,882$840,152▼ $397,730
Accounts Payable and Accrued Expenses$8,030$5,554▼ $2,476
Total Liabilities$1,245,912$845,706▼ $400,206
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$498,490$773,299▲ $274,809
Net Assets With Donor Restrictions$63,640$287,220▲ $223,580
Total Net Assets Fund Balance$562,130$1,060,519▲ $498,389
Total Liabilities and Net Assets / Fund Balance$1,808,042$1,906,225▲ $98,183
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emily TeitsworthExecutive DirectorFT$173,738$7,173$180,911
Kate TrujilloDeputy DirectorFT$121,193$9,158$130,351

Board Members and Trustees

NameTitle
Brady RobinsonBoard Chair
Len NeceferVice Chair
Armando CordovesBoard Member
Maury BirdwellBoard Member
Vipul GuptaBoard Member
Alex HonnoldFounder
Peter MartinSecretary
Shaandiin CedarTreasurer (inc)
Nancy FeaginTreasurer (out)
Revenue and Support

Revenue Composition

Contributions and Grants
$3,451,715
Program Service Revenue
$0
Investment Income
$21,995
Other Revenue
$0
All Other Contributions
$3,451,715
Change in Net Assets
$660,859

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,473,710
Revenue Not Reported on Form 990
$6,750
Total Revenue per Audited Statements
$3,480,460
Total Revenue per Form 990
$3,473,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,544,200
Salaries, Compensation, and Employee Benefits$746,735
Other Expenses$521,916
Total Fundraising Expense$305,535
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$869,652--$869,652
Grants to Domestic Orgs$674,548--$674,548
Other Salaries and Wages$252,791$72,584$112,625$438,000
Fees for Services Management$253,519-$50,604$304,123
Current Officers, Directors, Trustees, and Key Employees$94,999$27,276$42,325$164,600
Other Employee Benefits$50,183$21,169$20,786$92,138
Payroll Taxes$30,030$8,427$13,540$51,997
Conferences and Meetings$3,295$920$34,582$38,797
Travel$14,723$6,621$11,450$32,794
Information Technology$13,471$8,980$7,287$29,738
Advertising$16,528$556$7,637$24,721
Office Expenses$58$13,888$83$14,029
Fees for Services Accounting-$11,288-$11,288
Fees for Services Other$3,378--$3,378
Insurance-$2,145-$2,145
Other Expenses$55,000$1,287$160$1,447
Total Functional Expenses$2,332,175$175,141$305,535$2,812,851

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,819,601
Expenses per Audited Statements$2,812,851
Total Expenses per Form 990$2,812,851
Expenses Not Reported on Form 990$6,750
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mesa Multisectorial Bosque MoArecibo, PR-solar energy$120,000
Sovereign EnergyAlbuquerque, NM-solar energy$100,000
Feed the Second LineNew Orleans, LA-solar energy$80,000
Red Lake Band of Chippewa IndRed Lake, MN-solar energy$73,000
Mariposa DR FoundationIthaca, NY-solar energy$60,000
Blue World Fdn IncMiami Beach, FL-solar energy$50,000
EarthSeed via CMBSebastopol, CA-solar energy$40,000
Ofrenda IncWatsonville, CA-solar energy$36,144
CLIMA FundSan Francisco, CA-Advocacy$30,000
Amigos de Santa Cruz FdnSeattle, WA-solar energy$27,500
Solidare NetworkOakland, CA-solar energy$20,000
Yosemite Climbing AssociationMariposa, CA-Community Support$8,000

International Summary

Spending
$869,652

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia & Pacificgrant awards-00$220,772
North Americagrant awards-00$210,000
Europegrant awards-00$150,000
Central America & Caribbeangrant awards-00$148,880
South Americagrant awards-00$90,000
South Asiagrant awards-00$50,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

In accordance with common practice in the nonprofit community, the Board delegates certain matters to The Executive Committee, which is empowered to act between board meetings if necessary, and sometimes with specifically delegated authority to act in particular areas on behalf of the full board. The composition of executive committee includes Board members.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Members of the Board of Directors review all potential conflicts of interest periodically. Top management and all Board members are required to disclose potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Section B, Line 15A

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with IRS rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with IRS guidelines and the organization's policies and procedures.

Form 990, Part VI, Section B, Line 15B

Compensation of other personnel and highly compensated employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.

Form 990, Part VI, Section C, Line 18

Tax returns are available for download from several websites and by request from the organization's office in Salt Lake City, Utah.

Form 990, Part VI, Section C, Line 19

All of the organization's governing documents, financial statements, and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to our website and to www.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office.

Filing and Contact Details

Filer

Filer Name
Honnold Foundation
EIN
83-0833980
Phone
8013131900
Address
159 W Broadway 200, Salt Lake City, UT 84101

Signing Officer

Name
Emily Teitsworth
Title
Executive Director
Phone
8013131900
Signed
2025-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Teitsworth
Formed
2018
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
24

Preparer

Firm
Regalia Berger & Berger Cpas
Address
103 TOWN COUNTRY DR STE K, DANVILLE, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Under the California Nonprofit Integrity Act, an exempt organization with annual revenue of $2 million or more is required to have an Audit Committee to select an audit Firm, review the audit, and approve the audit of its annual financial statements.

Financial Statement Notes

Part X : FIN48 Footnote

Honnold Foundation is organized as Colorado nonprofit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(a) as organizations described in IRC Section 501(c)(3), qualify for the charitable contribution deduction under IRC Sections 170(b)(1)(A)(vi) and (viii), and has been determined not to be private foundations under IRC Sections 509(a)(1) and (3), respectively. Honnold Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. Honnold Foundation is not required to file an Exempt Organization Business Income Tax Return (Form 990-T) because it had no unrelated business taxable income for the year ended December 31, 2024. Honnold Foundation has received notification from the Internal Revenue Service and the State of Colorado that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that Honnold Foundation continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status.

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IRS990/MissionDesc0FUNDING SOLAR ENERGY SOLUTIONS, BUILDING CAPACITY, AND AMPLIFYING LOCAL LEADERSHIP FOR THOSE EXPERIENCING THE GREATEST IMPACTS FROM CLIMATE CHANGE, ECONOMIC INSTABILITY, AND SOCIAL INJUSTICE.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Microgrid Program: This program designs and implements cooperatively-managed, locally owned solar microgrids serving communities especially impacted by the effects of climate change. The Honnold Foundation's Microgrid Program is a flagship initiative that develops community-owned solar microgrids in places especially susceptible to the impacts of climate change. Our inaugural project is the Adjuntas Microgrid, a 187 kW photovoltaic system powering 13 businesses in a small town in Puerto Rico. In 2022, we finalized all solar installations and began preparations for battery storage finalization in 2023.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Honnold Foundation is organized as Colorado nonprofit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(a) as organizations described in IRC Section 501(c)(3), qualify for the charitable contribution deduction under IRC Sections 170(b)(1)(A)(vi) and (viii), and has been determined not to be private foundations under IRC Sections 509(a)(1) and (3), respectively. Honnold Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. Honnold Foundation is not required to file an Exempt Organization Business Income Tax Return (Form 990-T) because it had no unrelated business taxable income for the year ended December 31, 2024. Honnold Foundation has received notification from the Internal Revenue Service and the State of Colorado that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that Honnold Foundation continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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