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Nonprofiteer
← THDF II INC

Form 990 for tax year 2022

Filed by THDF II INC.

Totals

Total revenue
$101,755,366
Total expenses
$101,686,213
Contributions and grants received
$99,321,700
Grants paid
$92,093,910
Program service revenue
$0
Investment income
$7,648,652
Other revenue
-$5,214,986
Total assets, end of year
$187,069,766
Total liabilities, end of year
$37,710,362
Net assets or fund balances, end of year
$149,359,404
Program services expenses (Part IX)
$97,989,691
Management and general expenses
$2,578,345
Fundraising expenses
$1,118,177
Program service expenses (Part III)
$97,989,691

Program services were 96.4% 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.

  • 1c · Fundraising events

    $54,884,990

  • 1d · Related organizations

    $29,524,506

  • 1f · All other contributions, gifts and grants

    $14,912,204

  • 1g · Noncash contributions included above

    $2,380,918

  • 3 · Investment income

    total $4,389,463 · excluded $4,389,463

  • 7a · Gross sales of assets other than inventory

    securities $58,119,474

  • 7b · Less cost or other basis and sales expenses

    securities $54,860,285

  • 7c · Gain or loss

    securities $3,259,189

  • 7d · Net gain or loss

    total $3,259,189 · excluded $3,259,189

  • 8a · Fundraising events: gross income

    $5,228,475

  • 8a · Fundraising events: contributions included on line 1c

    $54,884,990

  • 8b · Fundraising events: direct expenses

    $10,486,494

  • 8c · Net income from fundraising events

    total -$5,258,019 · excluded -$5,258,019

  • 11a · Other revenue: OTHER REVENUE

    total $43,033 · related or exempt $43,033

  • 11e · Other revenue, total

    $43,033

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $67,136,191 · program services $67,136,191

  • 2 · Grants to domestic individuals

    total $24,223,083 · program services $24,223,083

  • 3 · Grants to foreign organizations and individuals

    total $734,636 · program services $734,636

  • 5 · Compensation of officers, directors and key employees

    total $502,135 · program services $231,991 · management and general $258,395 · fundraising $11,749

  • 7 · Other salaries and wages

    total $3,721,051 · program services $3,050,400 · management and general $119,698 · fundraising $550,953

  • 8 · Pension plan contributions

    total $126,892 · program services $104,022 · management and general $4,082 · fundraising $18,788

  • 9 · Other employee benefits

    total $240,931 · program services $197,508 · management and general $7,750 · fundraising $35,673

  • 10 · Payroll taxes

    total $247,424 · program services $202,830 · management and general $7,959 · fundraising $36,635

  • 11b · Fees: legal

    total $27,463 · management and general $27,463

  • 11c · Fees: accounting

    total $149,830 · management and general $149,830

  • 11f · Fees: investment management

    total $481,085 · management and general $481,085

  • 11g · Fees: other

    total $423,645 · program services $366,424 · management and general $57,221

  • 12 · Advertising and promotion

    total $1,714,264 · management and general $1,345,975 · fundraising $368,289

  • 13 · Office expenses

    total $564,263 · program services $479,234 · management and general $43,095 · fundraising $41,934

  • 17 · Travel

    total $238,332 · program services $234,244 · management and general $4,088

  • 24a · Other expenses: Program Matl & Training

    total $1,029,128 · program services $1,029,128

  • 24b · Other expenses: Miscellaneous

    total $125,860 · management and general $71,704 · fundraising $54,156

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $71,930,693 · end of year $48,932,344

  • 3 · Pledges and grants receivable

    beginning of year $5,472,632 · end of year $6,169,326

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,428,584 · end of year $1,101,898

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

    $71,370

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

    $71,370

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $116,777,057 · end of year $124,742,418

  • 12 · Investments: other securities

    beginning of year $7,552,278 · end of year $6,098,011

  • 15 · Other assets

    beginning of year $41,471 · end of year $25,769

  • 17 · Accounts payable and accrued expenses

    beginning of year $429,877 · end of year $734,621

  • 18 · Grants payable

    beginning of year $33,937,757 · end of year $32,341,059

  • 19 · Deferred revenue

    beginning of year $43,000 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $1,941,257 · end of year $4,484,682

  • 27 · Net assets without donor restrictions

    beginning of year $166,850,824 · end of year $149,359,404

Mission and programs · 2022

Mission

The Homer Fund provides short-term emergency financial assistance to qualifying Home Depot associates experiencing financial hardship due to natural disaster, illness, or accident. The Home Depot Foundation is primarily dedicated to improving affordable housing issues faced by U.S. veterans, responding to communities impacted by natural disasters, and addressing the skilled trades shortage in the U.S. workforce.

Activities or mission (Part I)

THDF II, Inc. has two divisions, The Homer Fund and The Home Depot Foundation. The Homer Fund provides short-term emergency financial assistance to qualifying Home Depot associates experiencing financial hardship due to natural disaster, illness, or accident. The Home Depot Foundation is primarily dedicated to improving affordable housing issues faced by U.S. veterans, responding to communities impacted by natural disasters, and addressing the skilled trades shortage in the U.S. workforce.

  • Grants to Home Depot employees to provide financial assistance to those who have suffered as a result of a catastrophic illness or accident or who are victims of a natural disaster. In 2022, The Homer Fund provided 12,376 grants to Home Depot employees.

    Expenses $23,977,902 · Grants $22,687,029 · Revenue $43,033

  • Grants to nonprofits that are addressing housing affordability issues for U.S. veterans. Grants to partner organizations to deliver immediate aid and long-term rebuilding support to U.S. communities impacted by natural disasters. Grants to nonprofits providing introductions and training in the skilled trades to U.S. veterans and their families, as well as young people in underserved communities.

    Expenses $71,679,007 · Grants $67,136,191

  • Provides scholarships to Home Depot associates' children based on financial need, academic performance, community involvement and leadership. In 2022, THDF provided 1,000 scholarships to Home Depot employees' children.

    Expenses $2,332,782 · Grants $2,270,690

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

Listed in Part VII

  • Giles Bowman

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Ann Marie Campbell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stephen Holmes

    President

    Total calculated
    $0
    Hours/week
    1

  • Heidi Thompson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Shannon Gerber

    Executive Director

    Total calculated
    $550,534
    From this org
    $265,291
    From related orgs
    $257,123
    Other
    $28,120
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,291
    Bonus
    $0 + $257,123 related
    Other
    $0
    Deferred
    $11,407
    Nontaxable benefits
    $16,713
    Filer's total
    $293,411 + $257,123 related

  • John Ellington

    Treasurer

    Total calculated
    $387,317
    From this org
    $201,868
    From related orgs
    $168,249
    Other
    $17,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,868
    Bonus
    $0 + $168,249 related
    Other
    $0
    Deferred
    $8,969
    Nontaxable benefits
    $8,231
    Filer's total
    $219,068 + $168,249 related

  • Stacy Ingram

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Shane Lord

    Assistant Secretary

    Total calculated
    $0
    Hours/week
    1

  • S Robinson

    Director, Homer Fund

    Total calculated
    $246,578
    From this org
    $154,147
    From related orgs
    $77,604
    Other
    $14,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,147
    Bonus
    $0 + $77,604 related
    Other
    $0
    Deferred
    $6,536
    Nontaxable benefits
    $8,291
    Filer's total
    $168,974 + $77,604 related

  • C Davis

    Senior Manager, Events & Comm

    Total calculated
    $203,989
    From this org
    $146,761
    From related orgs
    $43,743
    Other
    $13,485
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,761
    Bonus
    $0 + $43,743 related
    Other
    $0
    Deferred
    $5,888
    Nontaxable benefits
    $7,597
    Filer's total
    $160,246 + $43,743 related

  • H Prill

    Senior Manager, Strategic Parnerships & Programs

    Total calculated
    $209,282
    From this org
    $148,167
    From related orgs
    $50,383
    Other
    $10,732
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,167
    Bonus
    $0 + $50,383 related
    Other
    $0
    Deferred
    $5,892
    Nontaxable benefits
    $4,840
    Filer's total
    $158,899 + $50,383 related

  • J Wimberley

    Senior Manager, Employee Engagement

    Total calculated
    $188,656
    From this org
    $133,426
    From related orgs
    $34,733
    Other
    $20,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,426
    Bonus
    $0 + $34,733 related
    Other
    $0
    Deferred
    $5,283
    Nontaxable benefits
    $15,214
    Filer's total
    $153,923 + $34,733 related

  • K Mather

    Senior Manager, Communications

    Total calculated
    $161,488
    From this org
    $133,518
    From related orgs
    $27,212
    Other
    $758
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,518
    Bonus
    $0 + $27,212 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $758
    Filer's total
    $134,276 + $27,212 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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4c · Equity-based compensation arrangement

Answered no

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

Part I, Line 4c
Equity-Based Compensation Received from Related Organization: Shannon Gerber - $126,429 John Ellington - $88,763 S Robinson - $30,593 C Davis - $33,807 H Prill - $33,511 J Wimberley - $25,449 K Mather - $9,185 Officers and certain employees are allowed to participate in The Home Depot, Inc.'s profit sharing and stock incentive plans. Awards under these plans are paid directly to plan participants by The Home Depot, Inc. and are not funded by THDF II, INC.

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

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • The Home Depot Inc

    C · Home Improvements Retailer · GA

Provenance

Return type
form_990
Tax year
2022
Filed
8 September 2023
IRS schema version
2022v5.0
Source object
202322779349300437

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

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