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Nonprofiteer
← THDF II INC

Form 990 for tax year 2024

Filed by THDF II INC.

Totals

Total revenue
$110,964,312
Total expenses
$99,843,310
Contributions and grants received
$97,981,454
Grants paid
$89,639,155
Program service revenue
$0
Investment income
$13,637,630
Other revenue
-$654,772
Total assets, end of year
$267,385,821
Total liabilities, end of year
$55,869,593
Net assets or fund balances, end of year
$211,516,228
Program services expenses (Part IX)
$95,322,399
Management and general expenses
$3,296,617
Fundraising expenses
$1,224,294
Program service expenses (Part III)
$95,322,399

Program services were 95.5% 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

    $54,748,976

  • 1d · Related organizations

    $27,719,219

  • 1f · All other contributions, gifts and grants

    $15,513,259

  • 1g · Noncash contributions included above

    $1,763,437

  • 3 · Investment income

    total $9,081,076 · excluded $9,081,076

  • 7a · Gross sales of assets other than inventory

    securities $21,863,724

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

    securities $17,307,170

  • 7c · Gain or loss

    securities $4,556,554

  • 7d · Net gain or loss

    total $4,556,554 · excluded $4,556,554

  • 8a · Fundraising events: gross income

    $10,664,000

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

    $54,748,976

  • 8b · Fundraising events: direct expenses

    $11,318,772

  • 8c · Net income from fundraising events

    total -$654,772 · excluded -$654,772

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $70,177,870 · program services $70,177,870

  • 2 · Grants to domestic individuals

    total $18,713,521 · program services $18,713,521

  • 3 · Grants to foreign organizations and individuals

    total $747,764 · program services $747,764

  • 5 · Compensation of officers, directors and key employees

    total $579,243 · program services $434,432 · management and general $144,811

  • 7 · Other salaries and wages

    total $3,784,112 · program services $3,016,891 · management and general $138,568 · fundraising $628,653

  • 8 · Pension plan contributions

    total $92,243 · program services $73,541 · management and general $3,378 · fundraising $15,324

  • 9 · Other employee benefits

    total $194,541 · program services $155,098 · management and general $7,124 · fundraising $32,319

  • 10 · Payroll taxes

    total $240,630 · program services $191,843 · management and general $8,811 · fundraising $39,976

  • 11b · Fees: legal

    total $51,338 · management and general $51,338

  • 11c · Fees: accounting

    total $174,030 · management and general $174,030

  • 11f · Fees: investment management

    total $630,868 · management and general $630,868

  • 11g · Fees: other

    total $384,135 · program services $276,285 · management and general $107,850

  • 12 · Advertising and promotion

    total $2,369,444 · management and general $1,904,329 · fundraising $465,115

  • 13 · Office expenses

    total $363,480 · program services $302,139 · management and general $18,434 · fundraising $42,907

  • 17 · Travel

    total $220,155 · program services $214,316 · management and general $5,839

  • 24a · Other expenses: Program Matl & Training

    total $1,018,699 · program services $1,018,699

  • 24b · Other expenses: Miscellaneous

    total $101,237 · management and general $101,237

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $91,622,125 · end of year $53,600,741

  • 3 · Pledges and grants receivable

    beginning of year $7,352,389 · end of year $6,507,507

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,102,511 · end of year $1,161,350

  • 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 $131,808,788 · end of year $197,902,715

  • 12 · Investments: other securities

    beginning of year $6,904,430 · end of year $8,213,508

  • 15 · Other assets

    beginning of year $22,723 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $200,304 · end of year $306,017

  • 18 · Grants payable

    beginning of year $51,632,882 · end of year $49,634,316

  • 19 · Deferred revenue

    beginning of year $3,129,736 · end of year $1,578,799

  • 25 · Other liabilities

    beginning of year $2,731,881 · end of year $4,350,461

  • 27 · Net assets without donor restrictions

    beginning of year $181,118,163 · end of year $211,516,228

Mission and programs · 2024

Mission

The Homer Fund provides financial assistance to qualifying Home Depot associates and their families in the form of hardship grants and need based academic scholarships; The Home Depot Foundation is primarily dedicated to improving housing issues faced by U.S. veterans, training skilled tradespeople to fill the labor gap, supporting communities impacted by natural disasters and other charitable initiatives.

Activities or mission (Part I)

THDF II, Inc. has two divisions, The Homer Fund and The Home Depot Foundation. The Homer Fund provides financial assistance to qualifying Home Depot associates and their families in the form of hardship grants and need based academic scholarships; The Home Depot Foundation is primarily dedicated to improving housing issues faced by U.S. veterans, training skilled tradespeople to fill the labor gap, supporting communities impacted by natural disasters and other charitable initiatives.

  • 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 2024, The Homer Fund provided 11,706 grants to Home Depot employees.

    Expenses $18,661,079 · Grants $17,206,785

  • 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 $74,367,595 · Grants $70,197,870

  • Provides scholarships to Home Depot associates' children based on financial need, academic performance, community involvement and leadership. In 2024, THDF provided 1,000 scholarships to Home Depot employees' children.

    Expenses $2,293,725 · Grants $2,234,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Crystal Hanlon

    Chair and President

    Total calculated
    $0
    Hours/week
    1

  • Scott Bomar

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Peter Muniz

    Trustee and Secretary

    Total calculated
    $0
    Hours/week
    1

  • Erin Izen

    Executive Director

    Total calculated
    $0
    Hours/week
    20

  • John Dennison

    Treasurer (from 8/15/24)

    Total calculated
    $135,817
    From this org
    $103,673
    From related orgs
    $17,376
    Other
    $14,768
    Hours/week
    40

  • Monica R Casey

    Asst. Secretary

    Total calculated
    $0
    Hours/week
    1

  • Marianna M Faircloth

    Asst. Secretary

    Total calculated
    $0
    Hours/week
    1

  • John Ellington

    Treasurer (until 5/31/24)

    Total calculated
    $225,286
    From this org
    $96,699
    From related orgs
    $119,291
    Other
    $9,296
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $96,699
    Bonus
    $0 + $119,291 related
    Other
    $0
    Deferred
    $4,656
    Nontaxable benefits
    $4,640
    Filer's total
    $105,995 + $119,291 related

  • S Robinson

    Director, Homer Fund

    Total calculated
    $266,097
    From this org
    $170,739
    From related orgs
    $78,272
    Other
    $17,086
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,739
    Bonus
    $0 + $78,272 related
    Other
    $0
    Deferred
    $7,364
    Nontaxable benefits
    $9,722
    Filer's total
    $187,825 + $78,272 related

  • H Prill

    Director, Strategic P'ships

    Total calculated
    $233,866
    From this org
    $172,832
    From related orgs
    $48,250
    Other
    $12,784
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,832
    Bonus
    $0 + $48,250 related
    Other
    $0
    Deferred
    $6,660
    Nontaxable benefits
    $6,124
    Filer's total
    $185,616 + $48,250 related

  • C Davis

    Sr. Manager, Events & Comm

    Total calculated
    $217,912
    From this org
    $164,431
    From related orgs
    $36,039
    Other
    $17,442
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,431
    Bonus
    $0 + $36,039 related
    Other
    $0
    Deferred
    $6,102
    Nontaxable benefits
    $11,340
    Filer's total
    $181,873 + $36,039 related

  • J Wimberley

    Sr. Manager, Employee Engagement

    Total calculated
    $201,895
    From this org
    $147,912
    From related orgs
    $30,163
    Other
    $23,820
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,912
    Bonus
    $0 + $30,163 related
    Other
    $0
    Deferred
    $5,515
    Nontaxable benefits
    $18,305
    Filer's total
    $171,732 + $30,163 related

  • A Barrett

    Sr. Manager, Finance & Grants Admin

    Total calculated
    $186,299
    From this org
    $140,534
    From related orgs
    $19,124
    Other
    $26,641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,534
    Bonus
    $0 + $19,124 related
    Other
    $0
    Deferred
    $5,227
    Nontaxable benefits
    $21,414
    Filer's total
    $167,175 + $19,124 related

  • E Headlee

    Manager, Strategic P'ships

    Total calculated
    $162,331
    From this org
    $125,684
    From related orgs
    $20,776
    Other
    $15,871
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,684
    Bonus
    $0 + $20,776 related
    Other
    $0
    Deferred
    $4,677
    Nontaxable benefits
    $11,194
    Filer's total
    $141,555 + $20,776 related

  • E Issa

    Manager, Homer Fund

    Total calculated
    $154,328
    From this org
    $120,778
    From related orgs
    $21,464
    Other
    $12,086
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,778
    Bonus
    $0 + $21,464 related
    Other
    $0
    Deferred
    $4,578
    Nontaxable benefits
    $7,508
    Filer's total
    $132,864 + $21,464 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: John Dennison - $2,102 John Ellington - $83,464 S Robinson - $39,044 H Prill - $34,159 C Davis - $38,246 J Wimberley - $29,407 A Barrett - $18,245 E Headlee - $18,401 E Issa - $15,137 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.

Provenance

Return type
form_990
Tax year
2024
Filed
3 December 2025
IRS schema version
2024v5.2
Source object
202533429349301228

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