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Nonprofiteer
← HONNOLD FOUNDATION

Form 990 for tax year 2024

Filed by HONNOLD FOUNDATION.

Totals

Total revenue
$3,473,710
Total expenses
$2,812,851
Contributions and grants received
$3,451,715
Grants paid
$1,544,200
Program service revenue
$0
Investment income
$21,995
Other revenue
$0
Total assets, end of year
$1,906,225
Total liabilities, end of year
$845,706
Net assets or fund balances, end of year
$1,060,519
Program services expenses (Part IX)
$2,332,175
Management and general expenses
$175,141
Fundraising expenses
$305,535
Program service expenses (Part III)
$2,332,175

Program services were 82.9% 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.

  • 1f · All other contributions, gifts and grants

    $3,451,715

  • 1g · Noncash contributions included above

    $4,456

  • 3 · Investment income

    total $21,995 · excluded $21,995

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $674,548 · program services $674,548

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $869,652 · program services $869,652

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $164,600 · program services $94,999 · management and general $27,276 · fundraising $42,325

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $438,000 · program services $252,791 · management and general $72,584 · fundraising $112,625

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $92,138 · program services $50,183 · management and general $21,169 · fundraising $20,786

  • 10 · Payroll taxes

    total $51,997 · program services $30,030 · management and general $8,427 · fundraising $13,540

  • 11a · Fees: management

    total $304,123 · program services $253,519 · fundraising $50,604

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $11,288 · management and general $11,288

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $3,378 · program services $3,378

  • 12 · Advertising and promotion

    total $24,721 · program services $16,528 · management and general $556 · fundraising $7,637

  • 13 · Office expenses

    total $14,029 · program services $58 · management and general $13,888 · fundraising $83

  • 14 · Information technology

    total $29,738 · program services $13,471 · management and general $8,980 · fundraising $7,287

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $32,794 · program services $14,723 · management and general $6,621 · fundraising $11,450

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $38,797 · program services $3,295 · management and general $920 · fundraising $34,582

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $2,145 · management and general $2,145

  • 24a · Other expenses: Communication and storytelling

    total $55,000 · program services $55,000

  • 24b · Other expenses: in kind expenses

    total $4,456 · fundraising $4,456

  • 24c · Other expenses: bank fees

    total $1,447 · management and general $1,287 · fundraising $160

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,011,955 · end of year $1,132,758

  • 2 · Savings and temporary cash investments

    beginning of year $643,666 · end of year $329,938

  • 3 · Pledges and grants receivable

    beginning of year $63,639 · end of year $409,730

  • 4 · Accounts receivable

    beginning of year $18,557 · end of year $33,799

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,043 · end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $66,182 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,030 · end of year $5,554

  • 18 · Grants payable

    beginning of year $1,237,882 · end of year $840,152

  • 27 · Net assets without donor restrictions

    beginning of year $498,490 · end of year $773,299

  • 28 · Net assets with donor restrictions

    beginning of year $63,640 · end of year $287,220

Mission and programs · 2024

Mission

FUNDING SOLAR ENERGY SOLUTIONS, BUILDING CAPACITY, AND AMPLIFYING LOCAL LEADERSHIP FOR THOSE EXPERIENCING THE GREATEST IMPACTS FROM CLIMATE CHANGE, ECONOMIC INSTABILITY, AND SOCIAL INJUSTICE.

Activities or mission (Part I)

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

  • CORE FUND: THE HONNOLD FOUNDATION FOCUSES ITS WORK AROUND THREE CORE STRATEGIES: RESOURCING COMMUNITY-LED RENEWABLE ENERGY ACCESS, STRENGTHENING GRASSROOTS ORGANIZATIONS AND NETWORKS, AND AMPLIFYING GRASSROOTS VOICES THROUGH STORYTELLING AND POLICY ADVOCACY. AS PART OF THIS WORK, THE HONNOLD FOUNDATION PROVIDES UNRESTRICTED GRANTS FOR GRASSROOTS NONPROFITS DOING SOLAR ENERGY ACCESS WORK WORLDWIDE. DETAILS OF DOMESTIC AND INTERNATIONAL GRANTS MADE IN 2024 CAN BE FOUND IN SCHEDULE I.

    Expenses $2,232,031 · Grants $1,544,200

  • Microgrid 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.

    Expenses $100,144

As filed on the 2024 return.

Listed in Part VII

  • Emily Teitsworth

    Executive Dir.

    Total calculated
    $180,911
    From this org
    $173,738
    From related orgs
    $0
    Other
    $7,173
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $173,738
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,950
    Nontaxable benefits
    $223
    Filer's total
    $180,911
  • Kate Trujillo

    Deputy Director

    Total calculated
    $130,351
    From this org
    $121,193
    From related orgs
    $0
    Other
    $9,158
    Hours/week
    45
  • Alex Honnold

    Founder

    Total calculated
    $0
    Hours/week
    1
  • Vipul Gupta

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Armando Cordoves

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Maury Birdwell

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Brady Robinson

    Board Chair

    Total calculated
    $0
    Hours/week
    45
  • Len Necefer

    Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • Peter Martin

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Nancy Feagin

    Treasurer (out)

    Total calculated
    $0
    Hours/week
    1
  • Shaandiin Cedar

    Treasurer (inc)

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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

  • Mesa Multisectorial Bosque Mo

    $120,000

    solar energy

  • Sovereign Energy

    $100,000

    solar energy

  • Feed the Second Line

    $80,000

    solar energy

  • Red Lake Band of Chippewa Ind

    $73,000

    solar energy

  • Mariposa DR Foundation

    $60,000

    solar energy

  • Blue World Fdn Inc

    $50,000

    solar energy

  • EarthSeed via CMB

    $40,000

    solar energy

  • Ofrenda Inc

    $36,144

    solar energy

  • CLIMA Fund

    $30,000

    Advocacy

  • Amigos de Santa Cruz Fdn

    $27,500

    solar energy

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202532979349301233

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

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