Overview
What is Honor Bound Foundation Inc?
Honor Bound Foundation Inc is a nonprofit organization situated in Darien, Connecticut. Their primary mission is to swiftly provide one-time financial aid to veterans and their families encountering crises. Unlike other veteran service organizations, Honor Bound has a straightforward application process and does not have stringent criteria, aiming to extend assistance to a wide range of veterans dealing with various issues. In fact, they assisted over 400 veterans in FY2023 with necessities such as security deposits, utilities, car repairs, food, medical expenses, and education expenses, among others. The foundation's nationwide partnerships with case workers, VA social workers, and other veteran organizations expand their reach and impact. Honor Bound's mission is centered on serving veterans and their families with honor, dignity, and respect, providing immediate assistance during times of crisis.
Official website here: www.honorboundfoundation.org
Is Honor Bound Foundation Inc legitimate?
Honor Bound Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Honor Bound Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $65,143
Professional Fundraising Fees: $16,524
Other Salaries and Wages: $57,000
For more financial information, click here
Official website here: www.honorboundfoundation.org
What is the mission statement of Honor Bound Foundation Inc?
The Honor Bound Foundation Inc's mission is centered around serving veterans and their families with honor, dignity, and respect. In times of crisis, the organization advocates for and provides immediate assistance to these individuals. Their approach is unique, as they have a simple application process designed to maximize the reach of their aid, responding quickly and efficiently to help veterans and their families in need. Unlike other veteran service organizations, Honor Bound extends aid to all veterans, regardless of specific categories. In FY2023 alone, they assisted over 400 veterans with various essential needs, including housing expenses, utilities, medical costs, and education fees, among others. The foundation also grants funds to organizations that align with its mission, thereby extending its impact across the country.
Official website here: www.honorboundfoundation.org
What is the revenue of Honor Bound Foundation Inc?
Honor Bound Foundation Inc's revenue in 2024 was $88,313.
Official website here: www.honorboundfoundation.org
Who are the executives of Honor Bound Foundation Inc and what are their salaries?
The average compensation at Honor Bound Foundation Inc during 2024 was $61,072. There are 2 employees and 2 volunteers at Honor Bound Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $63,570
- Related: $0
- Other: $11,413
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.honorboundfoundation.org
Where can I find the form 990 for Honor Bound Foundation Inc?
Honor Bound Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.honorboundfoundation.org
Learn more at the official website: www.honorboundfoundation.org
Mission Statement of Honor Bound Foundation Inc
Honor Bound Foundation, a nonprofit organization, is dedicated to serving veterans and their families with honor, dignity, and respect. Their mission lies in advocating for and providing immediate assistance to veterans and their families during times of crisis. The foundation recognizes the struggles many veterans face in adjusting to civilian life, often waiting for months or even years to receive the benefits they are entitled to after serving their country. In response, Honor Bound Foundation has a simplified application process, aiming to quickly and efficiently provide financial aid to veterans in crisis. This aid can range from security deposits and utility payments to car repairs and medical expenses, helping to alleviate the stress faced by veterans and their families. By offering assistance to all veterans, regardless of specific categories, Honor Bound Foundation extends a helping hand to those who may not fit the criteria of other veteran service organizations. In 2023 alone, the foundation aided over 400 veterans with a variety of essential needs.
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Impact
October, 2024
Honor Bound Foundation Inc significantly impacts the lives of veterans and their families across the nation by addressing critical needs during times of crisis. Recognizing that many veterans struggle to transition into everyday life after service, the organization provides urgent, one-time financial assistance without the lengthy application processes typically associated with veteran services.
In FY2023, Honor Bound assisted over 400 veterans with essential needs such as security deposits, utility bills, car repairs, medical expenses, and educational costs. This rapid response ensures that veterans experiencing financial hardships receive the help they need within 24 to 48 hours, often directly paying creditors or vendors to alleviate stress during trying times.
Moreover, Honor Bound’s inclusive approach means that aid extends beyond specific groups, benefitting all veterans, regardless of their circumstances. The foundation enhances its reach through partnerships with case workers, social workers from the VA, and various veteran organizations, amplifying its ability to respond effectively where it's needed most. Additionally, by providing grants to aligned organizations, Honor Bound helps to further its mission and broadens the impact of its initiatives.
Through these actions, Honor Bound Foundation Inc exemplifies a commitment to serving veterans and their families with honor, dignity, and respect, advocating for those in crisis and making a tangible difference in their lives.
This information is meant to be a general summary of Honor Bound Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $8,180
- Gross Receipts: $277,571
Assets and Liabilities:
- Total Assets: $532,151
- Total Liabilities: $13,027
- Net Assets: $519,124
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Organization Details
Founding Year
1984
Principal Officer
Pamela Kushner
Website
www.honorboundfoundation.orgNTEE Category
Code: P20 - Human services
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