Honnold Foundation
- Assets
- $6.4m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Salt Lake City, UT
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 83-0833980
Organization Overview
Honnold Foundation is located in Salt Lake City, UT. The organization was established in 2018. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 12/2022, Honnold Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honnold 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, Honnold Foundation generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.9% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 51.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Honnold Foundation has awarded 29 individual grants totaling $1,697,725. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PARTNERING WITH MARGINALIZED COMMUNITIES TO EXPAND EQUITABLE SOLAR ENERGY ACCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORE GRANTS FUND: THE HONNOLD FOUNDATION PROVIDES UNRESTRICTED MULTI-YEAR GRANTS FOR GRASSROOTS NONPROFITS DOING SOLAR ENERGY ACCESS WORK WORLDWIDE. IN 2022, THE HONNOLD FOUNDATION CORE FUND SOLICITED APPLICATIONS FROM SOLAR NONPROFITS AND INITIATIVES ALL OVER THE WORLD. WE RECEIVED NEARLY 800 APPLICATIONS, AND AFTER AN EXCEPTIONALLY COMPETITIVE REVIEW PROCESS, AWARDED GRANTS TO 24 INNOVATIVE, COMMUNITY-DRIVEN SOLAR INITIATIVES IN 16 COUNTRIES. NOTE THAT FOR TWO OF THE COUNTRIES, THE FUNDS WERE GIVEN TO AN ORGANIZATION WITHIN THE U.S. FOR WORK DONE OUTSIDE THE U.S.
COMMUNITY GRANTS FUND: THROUGH THE COMMUNITY FUND, HF PROVIDES SOLAR INSTALLATIONS FOR BLACK, INDIGENOUS, AND PEOPLE OF COLOR-LED NONPROFITS IN THE MOST POLLUTED REGIONS IN THE UNITES STATES. COMMUNITY FUND GRANTS ARE MISSION AGNOSTIC-IF THE NONPROFIT IS MEETING ESSENTIAL NEEDS IN THE COMMUNITY (FROM ARTS EDUCATION TO FOOD SECURITY SERVICES), IT'S ELIGIBLE FOR A SOLAR INSTALL FROM THE COMMUNITY FUND. THIS FUND OPERATES WITH A SPECIFIC FOCUS ON ENVIRONMENTAL JUSTICE, AND SUPPORTED PARTNERS IN VIRGINIA IN 2022.
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.
LEVINE IMPACT LAB: IN 2022, THE HONNOLD FOUNDATION PLANNED AND LAUNCHED THE LEVINE IMPACT LAB. THIS PROGRAM PROVIDES 3 YEARS OF NONPROFIT LEADERSHIP AND ORGANIZATIONAL CAPACITY BUILDING SUPPORT TO GRASSROOTS ENVIRONMENTAL JUSTICE NON-PROFITS. ADDITIONALLY, EACH YEAR, ORGANIZATIONS IN THIS PROGRAM WILL RECEIVE FINANCIAL SUPPORT THROUGH AN ANNUAL GRANT. THE PROGRAM PLANNING PHASE TOOK PLACE IN 2022, AND THE START OF PROGRAM ACTIVITIES WILL OCCUR IN 2023. NEW NON-PROFIT LEADERS AND ORGANIZATIONS WILL BE INVITED TO TAKE PART IN THIS PROGRAM EVERY YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Teitsworth Executive Di | Officer | 40 | $132,736 |
Kate Trujillo Deputy Direc | 40 | $102,275 | |
Maury Birdwell Board Member | Trustee | 2 | $0 |
Tim Brooks Board Member | Trustee | 2 | $0 |
Nancy Feagin Treasurer | OfficerTrustee | 4 | $0 |
Lina Ha-Stone Board Member | Trustee | 2 | $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 | $6,966,588 |
| Noncash contributions included in lines 1a–1f | $494,494 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,966,588 |
| Total Program Service Revenue | $0 |
| Investment income | $12,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,977,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $208,960 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,250,720 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,618 |
| Compensation of current officers, directors, key employees. | $16,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $297,557 |
| Pension plan accruals and contributions | $21,525 |
| Other employee benefits | $19,314 |
| Payroll taxes | $35,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $527,923 |
| Advertising and promotion | $98,269 |
| Office expenses | $38,229 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,650 |
| Travel | $32,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,523 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,824 |
| All other expenses | $10,292 |
| Total functional expenses | $2,838,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $618,608 |
| Savings and temporary cash investments | $299,644 |
| Pledges and grants receivable | $4,591,797 |
| Accounts receivable, net | $14,214 |
| 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 | $2,669 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $827,352 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,354,284 |
| Accounts payable and accrued expenses | $8,631 |
| 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 | $8,631 |
| Net assets without donor restrictions | $2,131,134 |
| Net assets with donor restrictions | $4,214,519 |
| 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 | $6,354,284 |
Grants Awarded
Over the last fiscal year, Honnold Foundation has awarded $171,923 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BK ROT PURPOSE: SOLAR INSTALL | $14,336 |
COALFIELD DEVELOPMENT PURPOSE: SOLAR INSTALL | $40,020 |
FEED THE SECOND LINE PURPOSE: SOLAR INSTALL | $50,000 |
NATIVE RENEWABLES PURPOSE: SOLAR INSTALL | $50,000 |
ONE FAMILY MEMPHIS PURPOSE: SOLAR INSTALL | $9,567 |
YOSEMITE CLIMBING ASSOCIATION PURPOSE: STEWARDING A GRANT | $8,000 |