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Nonprofiteer
← HONNOLD FOUNDATION

Form 990 for tax year 2023

Filed by HONNOLD FOUNDATION.

Totals

Total revenue
$1,944,526
Total expenses
$3,563,493
Contributions and grants received
$1,924,766
Grants paid
$2,266,014
Program service revenue
$0
Investment income
$19,760
Other revenue
$0
Total assets, end of year
$1,808,042
Total liabilities, end of year
$1,245,912
Net assets or fund balances, end of year
$562,130
Program services expenses (Part IX)
$3,217,799
Management and general expenses
$171,871
Fundraising expenses
$173,823
Program service expenses (Part III)
$3,217,725

Program services were 90.3% 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

    $1,924,766

  • 1g · Noncash contributions included above

    $64,880

  • 3 · Investment income

    total $19,760 · related or exempt $19,760

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,273,370 · program services $1,273,370

  • 3 · Grants to foreign organizations and individuals

    total $992,644 · program services $992,644

  • 5 · Compensation of officers, directors and key employees

    total $173,825 · program services $104,295 · management and general $17,383 · fundraising $52,147

  • 7 · Other salaries and wages

    total $471,093 · program services $380,391 · management and general $63,677 · fundraising $27,025

  • 8 · Pension plan contributions

    total $32,399 · program services $23,292 · management and general $5,599 · fundraising $3,508

  • 9 · Other employee benefits

    total $43,639 · program services $19,160 · management and general $18,085 · fundraising $6,394

  • 10 · Payroll taxes

    total $54,026 · program services $40,221 · management and general $7,398 · fundraising $6,407

  • 11a · Fees: management

    total $117,322 · program services $117,322

  • 11c · Fees: accounting

    total $7,821 · management and general $7,821

  • 11g · Fees: other

    total $12,534 · management and general $12,534

  • 12 · Advertising and promotion

    total $53,251 · program services $45,796 · management and general $1,065 · fundraising $6,390

  • 13 · Office expenses

    total $9,631 · program services $38 · management and general $8,566 · fundraising $1,027

  • 14 · Information technology

    total $32,794 · program services $10,558 · management and general $8,227 · fundraising $14,009

  • 17 · Travel

    total $79,674 · program services $63,336 · management and general $2,261 · fundraising $14,077

  • 19 · Conferences, conventions and meetings

    total $39,351 · program services $2,079 · management and general $12,745 · fundraising $24,527

  • 23 · Insurance

    total $1,588 · management and general $1,588

  • 24a · Other expenses: INSTALLER PROGRAM

    total $63,154 · program services $63,154

  • 24b · Other expenses: OTHER PROGRAM EXPENES

    total $52,294 · program services $52,294

  • 24c · Other expenses: IN-KIND EXPENSES

    total $46,482 · program services $29,072 · fundraising $17,410

  • 24d · Other expenses: OTHER EMPLOYEE EXPENSES

    total $4,219 · program services $777 · management and general $3,325 · fundraising $117

  • 24e · All other expenses

    total $2,382 · management and general $1,597 · fundraising $785

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $618,608 · end of year $1,011,955

  • 2 · Savings and temporary cash investments

    beginning of year $299,644 · end of year $643,666

  • 3 · Pledges and grants receivable

    beginning of year $4,591,797 · end of year $63,639

  • 4 · Accounts receivable

    beginning of year $14,214 · end of year $18,557

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,669

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

    $5,004

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

    $5,004

  • 11 · Investments: publicly traded securities

    beginning of year $827,352 · end of year $4,043

  • 15 · Other assets

    end of year $66,182

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,631 · end of year $8,030

  • 18 · Grants payable

    end of year $1,237,882

  • 27 · Net assets without donor restrictions

    beginning of year $2,131,134 · end of year $498,490

  • 28 · Net assets with donor restrictions

    beginning of year $4,214,519 · end of year $63,640

Mission and programs · 2023

Mission

THE HONNOLD FOUNDATIONS MISSION IS TO PARTNER WITH MARGINALIZED COMMUNITIES TO EXPAND EQUITABLE SOLAR ENERGY ACCESS. HF FUNDS EARLY-STAGE SOLAR ENERGY SOLUTIONS IN MARGINALIZED COMMUNITIES, BUILDS CAPACITY, AND AMPLIFIES LOCAL SOLUTIONS BECAUSE WE BELIEVE THOSE EXPERIENCING THE GREATEST IMPACTS FROM CLIMATE CHANGE, ECONOMIC INSTABILITY, AND SOCIAL INJUSTICE STAND TO BENEFIT THE MOST FROM THE RENEWABLE ENERGY TRANSITION, AND THEIR VISION AND EXPERTISE CAN LEAD THE WAY.

  • 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 2023 CAN BE FOUND IN SCHEDULE I.

    Expenses $1,905,796 · Grants $1,565,532

  • LEVINE IMPACT LAB: LAUNCHED IN 2022, THE LEVINE IMPACT LAB PROGRAM PROVIDES 3 YEARS OF NONPROFIT LEADERSHIP AND ORGANIZATIONAL CAPACITY BUILDING SUPPORT TO GRASSROOTS ENVIRONMENTAL JUSTICE NON-PROFITS IN THE US. ADDITIONALLY, EACH YEAR, ORGANIZATIONS IN THIS PROGRAM RECEIVE FINANCIAL SUPPORT THROUGH ANNUAL GRANTS. THE PROGRAM WAS SPUN OFF INTO AN INDEPENDENT NONPROFIT ORGANIZATION AT THE END OF 2023, AND FUNDS PLEDGED TO THE PROGRAM IN 2022 WERE REALLOCATED TO THIS NEW 501C3.

    Expenses $1,177,042 · Grants $700,000

  • 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 $134,887

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Emily Teitsworth

    EXECUTIVE DI

    Total calculated
    $173,828
    From this org
    $154,990
    From related orgs
    $0
    Other
    $18,838
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $154,990
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,838
    Nontaxable benefits
    not reported
    Filer's total
    $173,828
  • Kate Trujillo

    DEPUTY DIREC

    Total calculated
    $125,886
    From this org
    $110,148
    From related orgs
    $0
    Other
    $15,738
    Hours/week
    45
  • Nancy Feagin

    TREASURER

    Total calculated
    $0
  • Alex Honnold

    BOARD MEMBER

    Total calculated
    $0
  • Peter Martin

    BOARD MEMBER

    Total calculated
    $0
  • Len Necefer

    VICE-CHAIR

    Total calculated
    $0
  • Brady Robinson

    CHAIR

    Total calculated
    $0

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

None.

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

  • CHICAGO ECO HOUSE

    $175,000

    CAPACITY BUILDING

  • FEED THE SECOND LINE

    $175,000

    CAPACITY BUILDING

  • NATIVE RENEWABLES

    $175,000

    CAPACITY BUILDING

  • BK ROT

    $175,000

    CAPACITY BUILDING

  • NATIVE RENEWABLES

    $100,000

    SOLAR ENERGY

  • SAGE DEVELOPMENT AUTHORITY

    $75,000

    SOLAR ENERGY

  • FEED THE SECOND LINE

    $50,500

    SOLAR ENERGY

  • INDIGENIZED ENERGY

    $50,000

    SOLAR ENERGY

  • AMIGO DE SANTA CRUZ

    $49,000

    SOLAR ENERGY

  • NATUN GUATAMELA

    $42,850

    SOLAR ENERGY

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202413209349316816

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

The source document this was parsed from is served over the API, which is where bulk and document access live.