Honey Foundation
- Assets
- $10.7m
- Revenue
- $349.7k
- Investments
- $10.4m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 27-2314439
Organization Overview
Honey Foundation is located in Richmond, VA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honey Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Honey Foundation generated $349.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Honey Foundation has awarded 280 individual grants totaling $6,696,893. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Ukrop President | 1 | $0 | |
David J Naquin Secretary/treasurer | 1 | $0 | |
Robert S Ukrop Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,096 |
| Dividends & Interest | $395,474 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$46,892 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $349,678 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,504 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $97,915 |
| Contributions, gifts, grants paid | $953,825 |
| Total expenses and disbursements | $1,051,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,943 |
| Savings and temporary cash investments | $267,241 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,531,148 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,723,852 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Honey Foundation has awarded $953,825 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST NEWS GLOBAL PURPOSE: OPERATIONS | $500 |
CAPITAL AREA HEALTH EDUCATION CENTER PURPOSE: COACH BOOKER'S PLAYBOOK | $2,000 |
BRYAN BUNCH LLC PURPOSE: OPERATIONS | $4,000 |
CENTRAL INTERNATIONAL COLLEGE PURPOSE: OPERATIONS | $11,000 |
CHAT (CHURCH HILL ACTIVITIES & TUTORING) PURPOSE: OPERATIONS | $500 |
CRISTO REY RICHMOND HIGH SCHOOL PURPOSE: OPERATIONS | $500 |