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Nonprofiteer
← HONEYWELL FOUNDATION INC

Form 990 for tax year 2023

Filed by HONEYWELL FOUNDATION INC.

Totals

Total revenue
$12,691,619
Total expenses
$14,268,278
Contributions and grants received
$1,290,268
Grants paid
$25,590
Program services expenses (Part IX)
$11,575,430
Management and general expenses
$1,892,073
Fundraising expenses
$800,775
Program service expenses (Part III)
$11,575,430

Program services were 81.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Bruce Trump

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Jack Wiley

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Richard Church

    Vice Chair

    Total calculated
    $0
    Hours/week
    2
  • Sally Krouse

    Chair

    Total calculated
    $0
    Hours/week
    5 + 2 related
  • Tod Minnich

    President/CEO

    Total calculated
    $361,941
    From this org
    $310,747
    From related orgs
    $0
    Other
    $51,194
    Hours/week
    48 + 6 related

    Schedule J breakdown matched by us

    Base
    $218,926
    Bonus
    $46,521
    Other
    $45,300
    Deferred
    $41,214
    Nontaxable benefits
    $9,980
    Filer's total
    $361,941
  • Angie Beauchamp

    Director

    Total calculated
    $0
    Hours/week
    2
  • Dennis Dickos

    Director

    Total calculated
    $0
    Hours/week
    2
  • Howard Halderman

    Director

    Total calculated
    $0
    Hours/week
    2
  • Jeanne Mirro

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Lisa Gilman

    Director

    Total calculated
    $0
    Hours/week
    2
  • Melisa McCann

    Director

    Total calculated
    $0
    Hours/week
    2
  • Steve Ford

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Steve Forrester

    Director

    Total calculated
    $0
    Hours/week
    2
  • Ty Renbarger

    Director

    Total calculated
    $0
    Hours/week
    2
  • Cathy Gatchel

    Chief Development Officer

    Total calculated
    $201,860
    From this org
    $167,219
    From related orgs
    $0
    Other
    $34,641
    Hours/week
    48 + 8 related

    Schedule J breakdown matched by us

    Base
    $140,949
    Bonus
    $26,270
    Other
    $0
    Deferred
    $24,662
    Nontaxable benefits
    $9,979
    Filer's total
    $201,860
  • Kyle Dubois

    Chief Operating Officer

    Total calculated
    $221,638
    From this org
    $172,325
    From related orgs
    $0
    Other
    $49,313
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $143,825
    Bonus
    $28,500
    Other
    $0
    Deferred
    $26,081
    Nontaxable benefits
    $23,232
    Filer's total
    $221,638
  • Emily Shannon

    VP of Marketing

    Total calculated
    $126,195
    From this org
    $110,881
    From related orgs
    $0
    Other
    $15,314
    Hours/week
    48
  • Jessica Hein

    VP of Human Resources

    Total calculated
    $137,948
    From this org
    $120,389
    From related orgs
    $0
    Other
    $17,559
    Hours/week
    48

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 — 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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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/CEO, CHIEF OPERATING OFFICER, AND CHIEF DEVELOPMENT OFFICER ARE PARTICIPANTS IN HONEYWELL'S 457(F) PLAN. DURING THE 2023 FISCAL YEAR, AMOUNTS DEFERRED UNDER THE PLAN WERE: TOD MINNICH: $22,048 KYLE DUBOIS: $15,000 CATHY GATCHEL: $14,200 Only board-designated employees are eligible to participate. To join, participants must complete and return the award letter. The employer will make discretionary allocations to the participant's account as specified in the letter. Benefits will vest according to the outlined schedule.
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. THE COMPENSATION OF THE COO, CDO, VP OF HUMAN RESOURCES, AND VP OF MARKETING INCLUDES A PERFORMANCE INCENTIVE PLAN WHICH IS CONTINGENT UPON ACHIEVEMENT OF PREDETERMINED FINANCIAL AND STRATEGIC GOALS RELATED TO THEIR RESPECTIVE AREAS OF OVERSIGHT, SET AND APPROVED BY THE PRESIDENT/CEO.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 July 2025
IRS schema version
2023v6.0
Source object
202521889349300647

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