Form 990 for tax year 2024

Filed by HONEYWELL ARTS ACADEMY INC.

Totals

Total revenue: $739,246
Total expenses: $677,021
Contributions and grants received: $730,769
Grants paid: $0
Program service revenue: $8,470
Investment income: $7
Other revenue: $0
Total assets, end of year: $21,527
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $21,527
Program services expenses (Part IX): $543,083
Management and general expenses: $93,708
Fundraising expenses: $40,230
Program service expenses (Part III): $543,083

Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1d · Related organizations

$298,767
1f · All other contributions, gifts and grants

$432,002
1g · Noncash contributions included above

$10,352
2a · Program service revenue: TICKET REVENUE

total $4,495 · related or exempt $4,495
2b · Program service revenue: OTHER REVENUE

total $3,975 · related or exempt $3,975
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $7 · excluded $7
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $87,039 · program services $70,502 · management and general $11,315 · fundraising $5,222
8 · Pension plan contributions

total $2,387 · program services $1,934 · management and general $310 · fundraising $143
9 · Other employee benefits

total $14,306 · program services $11,588 · management and general $1,860 · fundraising $858
10 · Payroll taxes

total $6,544 · program services $5,300 · management and general $851 · fundraising $393
11a · Fees: management

total $156,000 · program services $126,360 · management and general $20,280 · fundraising $9,360
11b · Fees: legal

total $2,295 · program services $0 · management and general $2,295 · fundraising $0
11c · Fees: accounting

total $4,250 · program services $0 · management and general $4,250 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11g · Fees: other

total $290,247 · program services $235,098 · management and general $37,733 · fundraising $17,416
12 · Advertising and promotion

total $10,128 · program services $8,203 · management and general $1,317 · fundraising $608
13 · Office expenses

total $1,680 · program services $1,361 · management and general $218 · fundraising $101
14 · Information technology

total $3,622 · program services $2,934 · management and general $471 · fundraising $217
15 · Royalties

total $13 · program services $10 · management and general $2 · fundraising $1
16 · Occupancy

total $58,114 · program services $47,072 · management and general $7,555 · fundraising $3,487
17 · Travel

total $14,634 · program services $11,854 · management and general $1,902 · fundraising $878
19 · Conferences, conventions and meetings

total $3,484 · program services $2,822 · management and general $453 · fundraising $209
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $0 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $0 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: Other Programming Expenses

total $22,278 · program services $18,045 · management and general $2,896 · fundraising $1,337
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $482 · end of year $21,527
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $0 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $482 · end of year $21,527
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

HONEYWELL ARTS ACADEMY ESCALATES THE REACH OF EMERGING ARTISTS THROUGH EMPOWERING OPPORTUNITIES FOR ARTISTIC EXPRESSION.

Activities or mission (Part I)

THE HONEYWELL ARTS ACADEMY VISION IS TO ENRICH THE OPPORTUNITY FOR MUSICAL ARTISTIC AMBASSADORS TO ADVANCE HUMAN CONNECTION.

THE HONEYWELL ARTS ACADEMY ENCOMPASSES AN IMMERSIVE SUMMER INSTITUTE ALONG WITH A YEAR-ROUND FELLOWSHIP PROGRAM. BOTH OPPORTUNITIES ARE TUITION-FREE. FUELED BY THE MISSION TO FOSTER AN INCLUSIVE AND SUPPORTIVE ENVIRONMENT WHERE ARTISTIC IDEAS ARE FREE FLOWING, FROM TEACHER TO STUDENT AND VICE VERSA. THE ACADEMY HAS A PHILOSOPHY WE REFER TO AS, THE SHARING OF KNOWLEDGE. THROUGH BOTH THE SUMMER INSTITUTE AND YEAR-ROUND FELLOWSHIP, PARTICIPANTS REACH BEYOND THEIR CRAFT TO LEARN WHAT IT TAKES TO THRIVE ENTREPRENEURIALLY AS WELL AS THE INVALUABLE EFFECT OF SPREADING JOY TO OTHERS AND POSITIVELY IMPACTING THE HUMAN SPIRIT. ALL ACTIVITIES ARE LED BY THE ACADEMY'S ARTISTIC DIRECTOR AND FACULTY MENTORS. SUMMER SCHOLARS AND YEAR-ROUND FELLOWS PARTICIPATE IN SESSIONS WHICH INCLUDE PRIVATE INSTRUCTION FROM FACULTY MENTORS, MASTERCLASS-STYLE PRESENTATIONS, AND COLLABORATIVE SESSIONS WHERE MUSICIANS CAN TRY OUT NEW IDEAS AND INFLUENCES WITH OTHER PROGRESSIVE MUSICIANS. SEVERAL PUBLIC PERFORMANCES ARE FEATURED THROUGHOUT THE YEAR.

Expenses $543,083 · Revenue $8,470

As filed on the 2024 return.

Listed in Part VII

Dave Haist

Chair

Total calculated

$0

Hours/week

5
Tod Minnich

President

Total calculated

$380,437

From this org

$0

From related orgs

$326,801

Other

$53,636

Hours/week

6 + 48 related

Schedule J breakdown matched by us

Base

$0 + $232,289 related

Bonus

$0 + $40,460 related

Other

$0 + $54,052 related

Deferred

$0 + $43,755 related

Nontaxable benefits

$0 + $9,881 related

Filer's total

$0 + $380,437 related
Carole Haas Gravagno

Director

Total calculated

$0

Hours/week

2
Jeanne Mirro

Director

Total calculated

$0

Hours/week

2 + 2 related
Larry Mattera

Director

Total calculated

$0

Hours/week

2
Marsh Davis

Director

Total calculated

$0

Hours/week

2
Parker Beauchamp

Director

Total calculated

$0

Hours/week

2
Sally Krouse

Director

Total calculated

$0

Hours/week

2 + 5 related
Shiv Sethi

Director

Total calculated

$0

Hours/week

2
Stanford Thompson

Director

Total calculated

$0

Hours/week

2
Steve Ford

Director

Total calculated

$0

Hours/week

2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

4b · Supplemental nonqualified retirement plan

Answered no

4a · Severance or change-of-control payment
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan: THE PRESIDENT OF HONEYWELL ARTS ACADEMY, INC PARTICIPATES IN A 457(F) PLAN THROUGH THE HONEYWELL FOUNDATION, A RELATED ORGANIZATION. DURING THE 2024 FISCAL YEAR AMOUNTS DEFERRED UNDER THE PLAN WERE $23,591.
Schedule J, Part I METHODS TO ESTABLISH COMPENSATION: COMPENSATION IS PAID BY THE HONEYWELL FOUNDATION, A NONPROFIT RELATED ENTITY. THE HONEYWELL FOUNDATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD.
Schedule J, Part II, Column (B)(ii): THE PRESIDENT/CEO'S COMPENSATION INCLUDES A PERFORMANCE INCENTIVE PLAN WHICH IS CONTINGENT UPON ACHIEVEMENT OF PREDETERMINED FINANCIAL AND STRATEGIC GOALS, SET AND APPROVED BY THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

THE HONEYWELL FOUNDATION

501(c)(3) · ART EDUC. · IN

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2024
Filed: 28 July 2026
IRS schema version: 2024v5.1
Source object: 202632099349301128

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.