Honornet Inc
- Assets
- $52.4k
- Revenue
- $152.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bristow, OK
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 59-3634670
Organization Overview
Honornet Inc is located in Bristow, OK. The organization was established in 2000. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honornet Inc 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 12/2021, Honornet Inc generated $152.8k 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 (5.4%) each year. All expenses for the organization totaled $196.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLISHING & MISSION OUTREACH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHING:PARTNERED WITH A SELECT GROUP OF AUTHORS AND MINISTERS TO PRODUCE, PUBLISH AND DISTRIBUTE A VARIETY OF CHRISTIAN BOOKS AND OTHER RETAIL OUTLETS. MISSION OUTREACHES: MINISTERED TO AT-RISK CHILDREN GIVING THEM A CHANCE TO LEARN AND ACCEPT THE LOVE OF JESUS CHRIST. RANCH MISSION: PROVIDED A HAVEN FOR FAMILIES AND MISSIONARIES AND REGULAR COLLEGE STUDENT OUTREACHES WITH REGULAR GATHERINGS FOR WORSHIP, BREAKING OF BREAD AND FELLOWSHIP. WORKED WITH 2-3 DIFFERENT MINISTRIES ON THE PINE RIDGE INDIAN RESERVATION AND SEVERAL MISSION TRIPS EACH YEAR AS WELL AS WORKING MONTHLY WITH FAMILIES IN PINE RIDGE, SD. WE WORKED WITH CHURCHES IN PROVIDING CHRISTMAS PRESENTS FOR CHILDREN IN PINE RIDGE AS WELL AS PROVIDE ASSISTANCE TO FAMILIES IN NEED SUCH AS FOOD, GAS, PAYMENT OF BILLS. THIS WAS INTERRUPTED BY COVID19 SO WORK WAS WORK WAS CONTINUED THROUGH GIVING AND SUPPLYING NEEDS. ESTABLISHED AN EVENT VENUE TO HOLD MINSITRY EVENTS AND ALSO TO RENT OUT FOR WEDDINGS AND OTHER SPECIAL EVENTS. HEAVILY INVETSED IN COLLEGE OUTREACH ON REGULAR BASIS. MEETINGS HELD MONTHLY IN VENUE ALONG WITH SPECIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Jones Jr President | Officer | 40 | $57,000 |
Chris Fredericks Secretary | Officer | 1 | $0 |
Alisa Jones Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,725 |
| Total Program Service Revenue | $127,079 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,317 |
| Advertising and promotion | $0 |
| Office expenses | $301 |
| Information technology | $0 |
| Royalties | $891 |
| Occupancy | $13,106 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,425 |
| Insurance | $400 |
| All other expenses | $83,121 |
| Total functional expenses | $196,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,777 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $25,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,401 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $52,401 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $52,401 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Honornet Inc has recieved totaling $9,006.
| Awarding Organization | Amount |
|---|---|
Dayton Foundation Depository Dayton, OH PURPOSE: GENERAL SUPPORT | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Of Hope Austin, TX | $30,630,297 | $30,889,522 |
Kanakuk Ministries Branson, MO | $43,790,256 | $23,660,219 |
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Doulos Ministries Inc Independence, MO | $17,094,809 | $7,030,778 |
Persuade The World Ministries Colorado Springs, CO | $2,527,761 | $6,071,254 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
International House Of Prayer Kansas City, MO | $184,048 | $5,377,714 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |