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Nonprofiteer
← HALCYON HOUSE

Form 990 for tax year 2022

Filed by HALCYON HOUSE.

Totals

Total revenue
$3,682,115
Total expenses
$3,094,618
Contributions and grants received
$3,531,515
Grants paid
$318,100
Program service revenue
$14,086
Investment income
$3,560
Other revenue
$132,954
Total assets, end of year
$1,514,892
Total liabilities, end of year
$108,413
Net assets or fund balances, end of year
$1,406,479
Program services expenses (Part IX)
$2,719,111
Management and general expenses
$184,110
Fundraising expenses
$191,397
Program service expenses (Part III)
$2,719,111

Program services were 87.9% 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.

  • 1b · Membership dues

    $48,212

  • 1c · Fundraising events

    $297,493

  • 1e · Government grants (contributions)

    $1,272,014

  • 1f · All other contributions, gifts and grants

    $1,913,796

  • 1g · Noncash contributions included above

    $101,568

  • 2a · Program service revenue: FACILITIES FEES

    total $14,086 · related or exempt $14,086

  • 3 · Investment income

    total $3,560 · excluded $3,560

  • 8a · Fundraising events: gross income

    $107,500

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

    $297,493

  • 8b · Fundraising events: direct expenses

    $148,128

  • 8c · Net income from fundraising events

    total -$40,628 · excluded -$40,628

  • 11a · Other revenue: MISCELLANEOUS

    total $173,582 · excluded $173,582

  • 11e · Other revenue, total

    $173,582

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $193,580 · program services $193,580

  • 3 · Grants to foreign organizations and individuals

    total $124,520 · program services $124,520

  • 5 · Compensation of officers, directors and key employees

    total $229,461 · program services $146,855 · management and general $55,071 · fundraising $27,535

  • 7 · Other salaries and wages

    total $1,454,463 · program services $1,349,736 · management and general $1,261 · fundraising $103,466

  • 8 · Pension plan contributions

    total $22,890 · program services $21,392 · fundraising $1,498

  • 9 · Other employee benefits

    total $77,461 · program services $71,269 · fundraising $6,192

  • 10 · Payroll taxes

    total $131,584 · program services $115,797 · management and general $4,519 · fundraising $11,268

  • 11c · Fees: accounting

    total $66,918 · program services $43,946 · management and general $22,647 · fundraising $325

  • 11g · Fees: other

    total $131,179 · program services $118,644 · management and general $8,031 · fundraising $4,504

  • 12 · Advertising and promotion

    total $85,487 · program services $75,390 · management and general $7,713 · fundraising $2,384

  • 13 · Office expenses

    total $73,870 · program services $59,262 · management and general $9,847 · fundraising $4,761

  • 14 · Information technology

    total $63,810 · program services $48,613 · management and general $12,592 · fundraising $2,605

  • 16 · Occupancy

    total $192,362 · program services $139,069 · management and general $42,077 · fundraising $11,216

  • 17 · Travel

    total $49,543 · program services $42,331 · management and general $3,146 · fundraising $4,066

  • 19 · Conferences, conventions and meetings

    total $172,677 · program services $156,683 · management and general $5,214 · fundraising $10,780

  • 22 · Depreciation, depletion and amortization

    total $8,116 · management and general $8,116

  • 23 · Insurance

    total $16,612 · program services $11,939 · management and general $3,876 · fundraising $797

  • 24a · Other expenses: ARTIST FEES

    total $85 · program services $85

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $939,882 · end of year $649,847

  • 4 · Accounts receivable

    beginning of year $450,759 · end of year $612,371

  • 7 · Other notes and loans receivable

    beginning of year $9,202 · end of year $79,614

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

    $15,026

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

    $2,634

  • 10c · Land, buildings and equipment, net

    beginning of year $12,214 · end of year $12,392

  • 11 · Investments: publicly traded securities

    beginning of year $17,282 · end of year $89,590

  • 15 · Other assets

    beginning of year $5,500 · end of year $71,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $65,878 · end of year $108,413

  • 24 · Unsecured notes and loans payable

    beginning of year $520,912

  • 27 · Net assets without donor restrictions

    beginning of year $158,310 · end of year $787,037

  • 28 · Net assets with donor restrictions

    beginning of year $689,739 · end of year $619,442

Mission and programs · 2022

Mission

HALCYON LIFTS UP INNOVATORS AND CREATORS WHO SEEK TO MAKE THE WORLD A BETTER PLACE, GIVING THEM THE TOOLS AND OPPORTUNITIES THEY NEED TO BRING THEIR IDEAS TO LIFE.

Activities or mission (Part I)

HALCYON LIFTS UP INNOVATORS AND CREATORS WHO SEEK TO MAKE THE WORLD A BETTER PLACE.

  • HALCYON INCUBATOR AND INTENSIVES: THE PROGRAM OFFERS FELLOWSHIPS TO SUPPORT EARLY-STAGE IMPACT-DRIVEN BUSINESS FOUNDERS FROM AROUND THE WORLD. THE FELLOWSHIPS INCLUDE A FOUR-MONTH RESIDENTIAL FELLOWSHIP IN WASHINGTON, D.C., AS WELL AS INTENSIVE FELLOWSHIPS THAT SERVE DIFFERENT INTERNATIONAL COMMUNITIES, SECTORS, OR DEMOGRAPHIC GROUPS WITH TAILORED NEEDS. HALCYON'S FELLOWSHIPS OFFER A COMBINATION OF LEADERSHIP COACHING, LEGAL SUPPORT, CONSULTING SUPPORTING, COACHING, MENTORSHIP, RESIDENCY, SKILL-BUILDING, AND CASH STIPENDS TO HELP FOUNDERS SCALE BUSINESSES SOLVING PROBLEMS IN EVERY SECTOR, FROM EDUCATION, TO ENERGY, TO HEALTH CARE. HALCYON INCUBATOR OFFERS THESE FELLOWSHIPS AT NO COST TO PARTICIPATING ENTREPRENEURS, AND TAKES NO EQUITY IN THEIR VENTURES FOR THE FELLOWSHIP.SINCE LAUNCHING IN 2014 HALCYON HAS SUPPORTED 288 STARTUP VENTURES, WHICH HAVE GONE ON TO RAISE ALMOST $500 MILLION TO SCALE THEIR BUSINESSES, CREATE OVER 6,000 JOBS, AND IMPACT THE LIVES OF 9.3 MILLION PEOPLE AROUND THE WORLD. SEVENTY-EIGHT PERCENT OF OUR VENTURES HAD A FOUNDER OF COLOR, AND SEVENTY-FIVE PERCENT HAVE A WOMAN FOUNDER OR CO-FOUNDER. SOURCED AT THEIR FOUNDING STAGES, 84% OF VENTURES ARE STILL IN OPERATION TODAY.

    Expenses $2,001,594 · Grants $318,100 · Revenue $14,086

  • IMPACT INVESTING: AS PART OF ITS EFFORT TO GROW THE IMPACT-DRIVEN BUSINESS ECOSYSTEM AND FUEL IMPACT-DRIVEN STARTUPS, HALCYON HAS LAUNCHED THREE FUNDING VEHICLES. WHILE HALCYON INCUBATOR FELLOWSHIPS TAKE NO EQUITY, FOUNDERS SHARED A NEED FOR ACCESS TO LIKEMINDED FUNDERS, LEADING HALCYON TO CREATE:1) THE HALYON FUND, A $5M INVESTMENT FUND SUPPORTING HALCYON INCUBATOR VENTURES THAT DO WANT TO PURSUE VENTURE CAPITAL FUNDING. TO DATE, THE HALCYON FUND HAS A PORTFOLIO OF 12 VENTURES.2) HALCYON ANGELS, AN ACTIVE ANGEL INVESTING GROUP THAT SEES HALCYON INCUBATOR VENTURES AS WELL AS OTHER EARLY-STAGE IMPACT-DRIVEN STARTUPS. THE HALCYON ANGELS MEET SIX TIMES PER YEAR TO HEAR PITCHES.3) HALCYON MICROLOAN FUND, AN ALTERNATIVE FUNDING SOURCE FOR D.C.-BASED HALCYON INCUBATOR VENTURES THAT CHOOSE NOT TO PURSUE VENTURE CAPITAL FUNDING AT THIS TIME, BUT CAN BENEFIT FROM AN INFUSION OF FUNDING. LOANS OF UP TO $20,000 ARE AVAILABLE, WITH GENEROUS TERMS DESIGNED TO SUPPORT SCALING THE VENTURES.

    Expenses $433,908

  • HALCYON AWARDS: HALCYON'S EVENT PROGRAMMING IS DESIGNED TO LEAD AND EXPAND THE CONVERSATION AROUND IMPACT-DRIVEN BUSINESS AND INSPIRE INNOVATION. THE LARGEST OF HALCYON'S EVENTS, THE HALCYON AWARDS ARE AN ANNUAL CELEBRATION OF HALCYON'S FELLOWS, COMMUNITY MEMBERS, AND NATIONALLY AND INTERNATIONALLY RECOGNIZED TRAILBLAZERS IN BUSINESS, ARTS AND CULTURE, AND POLICY.

    Expenses $283,609

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

Listed in Part VII

  • MARTHA METZ

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BYRON BARNES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TERESA CARLSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE DIFEBO FREEMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • W MATTHEW KELLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PATRICE KING BRICKMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SACHIKO KUNO PHD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MUKTESH PANT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MAX PETERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KARYN SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KERONE VATEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATE GOODALL

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $229,461
    From this org
    $219,228
    From related orgs
    $0
    Other
    $10,233
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,228
    Bonus
    $0
    Other
    $0
    Deferred
    $6,600
    Nontaxable benefits
    $3,633
    Filer's total
    $229,461

  • DAHNA GOLDSTEIN UNTIL 9302022

    CHIEF INVESTMENT OFFICER

    Total calculated
    $165,344
    From this org
    $160,000
    From related orgs
    $0
    Other
    $5,344
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $4,798
    Nontaxable benefits
    $546
    Filer's total
    $165,344

  • JOSH MANDELL

    CHIEF OPERATING OFFICER

    Total calculated
    $114,502
    From this org
    $110,769
    From related orgs
    $0
    Other
    $3,733
    Hours/week
    40

  • NICOLE WEISSMAN UNTIL 10252022

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $107,112
    From this org
    $102,568
    From related orgs
    $0
    Other
    $4,544
    Hours/week
    40

  • DANIEL BARKER

    MANAGING DIRECTOR

    Total calculated
    $152,494
    From this org
    $141,658
    From related orgs
    $0
    Other
    $10,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,658
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,836
    Filer's total
    $152,494

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

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

The filer's explanations (Part III)

FORM 990, PART VII, LINE 5:
HALCYON CONTRACTS WITH AN OUTSIDE MANAGEMENT COMPANY, TREEFORT MANAGEMENT CONSULTANTS, LLC. THE CONTRACTED SERVICES INCLUDED FINANCIAL REPORTING, PLANNING AND ANALYSIS, FORECASTING, BUDGETING, ASSISTANCE WITH THE AUDIT, AND OVERSIGHT OF ACCOUNTING PROCEDURES.

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

No itemized grants to organizations 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.

  • HALCYON ANGELS

    501(C)(6) · PROMOTE IMPACT-DRIVEN BUSINESSES, IMPROVE CONDITIONS FOR INVESTORS · DC · controlled entity

    Directly controlled by HALCYON HOUSE

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349311785

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

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