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← HONOR FOR LIFE FOUNDATION INC

Form 990 for tax year 2022

Filed by HONOR FOR LIFE FOUNDATION INC.

Totals

Total revenue
$0
Total expenses
$36,858
Contributions and grants received
$0
Grants paid
$17,046
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$341,302
Total liabilities, end of year
$17,890
Net assets or fund balances, end of year
$323,412
Program services expenses (Part IX)
$17,046
Management and general expenses
$19,812
Fundraising expenses
$0
Program service expenses (Part III)
$17,046

Program services were 46.2% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,046 · program services $17,046

  • 11b · Fees: legal

    total $6,194 · management and general $6,194

  • 11c · Fees: accounting

    total $8,102 · management and general $8,102

  • 11g · Fees: other

    total $5,000 · management and general $5,000

  • 24a · Other expenses: BANK CHARGES

    total $420 · management and general $420

  • 24b · Other expenses: SOFTWARE AND SUBSCRIPTI

    total $96 · management and general $96

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $360,270 · end of year $341,302

  • 10a · Land, buildings and equipment: cost or other basis

    $20,995

  • 10b · Land, buildings and equipment: accumulated depreciation

    $20,995

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $17,890

  • 27 · Net assets without donor restrictions

    beginning of year $360,270 · end of year $323,412

Mission and programs · 2022

Mission

HONOR FOR LIFE FOUNDATION WILL EXPAND THE REACH OF THE HONOR FOUNDATION, A CAREER TRANSITION INSTITUTE CREATED EXCLUSIVELY FOR THE U.S. SPECIAL OPERATIONS COMMUNITY. HONOR FOR LIFE FOUNDATION IS SEEKING TO RAISE AN ENDOWMENT TO ACCELERATE THE SUPPORT THE HONOR FOUNDATION PROVIDES TO THE SPECIAL OPERATIONS FORCES COMMUNITY.

Activities or mission (Part I)

THE HONOR FOR LIFE FOUNDATION IS SEEKING TO RAISE AN ENDOWMENT TO ACCELERATE THE SUPPORT THE HONOR FOUNDATION PROVIDES TO THE SPECIAL OPERATIONS FORCES COMMUNITY.

  • HONOR FOR LIFE FOUNDATION WILL EXPAND THE REACH OF THE HONOR FOUNDATION, A CAREER TRANSITION INSTITUTE CREATED EXCLUSIVELY FOR THE U.S. SPECIAL OPERATIONS COMMUNITY. HONOR FOR LIFE FOUNDATION IS SEEKING TO RAISE AN ENDOWMENT TO ACCELERATE THE SUPPORT THE HONOR FOUNDATION PROVIDES TO THE SPECIAL OPERATIONS FORCES COMMUNITY.

    Expenses $17,046 · Grants $17,046

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joe Musselman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Larry Solomon

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Matthew P Stevens

    SECRETARY

    Total calculated
    $190,085
    From this org
    $0
    From related orgs
    $190,085
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,085 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $190,085 related

  • Michael Nagata

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

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

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

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 HONOR FOUNDATION

    501(C)(3) · ASSISTS U.S. SPEC.OPS. TRANSITION FROM ACTIVE DUTY MILITARY TO CIVILIAN LIFE · CA

Provenance

Return type
form_990
Tax year
2022
Filed
8 June 2023
IRS schema version
2022v5.0
Source object
202341729349301319

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