Overview
What is The Honeywell Foundation Inc?
The Honeywell Foundation Inc is a nonprofit organization based in Wabash, Indiana. They operate and manage the Honeywell Center, an arts and entertainment facility encompassing a 1,500-seat theater, art gallery, roller skating rink, meeting rooms, and a restaurant. The organization also manages Eagles Theatre, offering live performances, films, music lessons, media arts programs, and ballroom space. Besides, they run the Honeywell House, a cultural center featuring concerts, fine art, and dining. Additionally, they oversee Charley Creek Gardens, a horticulture center dedicated to plant conservation, and the Dr. James Ford Historic Home, a house museum. The Foundation operates a local drive-in movie theater but does not own it. Their primary focus includes providing diverse and enriching programs, arts educational initiatives for youth, and free educational offerings. The Honeywell Foundation is a public charity that offers arts, education, and entertainment for all, generating revenue primarily from ticket sales, food service, and contributions.
Official website here: www.honeywellarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Honeywell Foundation Inc has achieved an impressive rating of 96%, indicating a high level of accountability and financial health. This rating is based solely on its performance in the Accountability & Finance category, where it scored a perfect 100% in several key areas. The foundation demonstrates strong governance practices, including 92% of its board members being independent and a solid financial oversight structure.
The foundation maintains a commendable program expense ratio of 74.75%, showing a commitment to directing resources towards its charitable programs. Furthermore, it has implemented several essential policies, including conflict of interest and whistleblower policies, which enhance its operational transparency. The absence of material diversion of assets underscores its financial integrity.
Despite its strengths, the reliance on a single beacon score means that other aspects of the foundation's impact and effectiveness are not scored. However, the available data clearly reflects a well-managed organization committed to accountability and transparency in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Honeywell Foundation Inc legitimate?
The Honeywell Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Honeywell 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: $699,133
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,379,093
For more financial information, click here
Official website here: www.honeywellarts.org
What is the mission statement of The Honeywell Foundation Inc?
The Honeywell Foundation is a charitable organization dedicated to providing arts, education, and entertainment for all. It offers a variety of programs, including free educational opportunities for youth, gallery exhibits and competitions, and inspiring performing art experiences. The foundation manages several facilities, including a theater, art gallery, roller skating rink, meeting rooms, and a restaurant. It also operates Eagles Theatre, which features live performances, films, music lessons, media arts program, and ballroom space. The foundation's primary focus is on enriching programs and arts educational initiatives for young people. Its main sources of revenue come from ticket sales, food service, and contributions.
Official website here: www.honeywellarts.org
Who is the CEO of The Honeywell Foundation Inc?
Tod Minnich is the President/Ceo of The Honeywell Foundation Inc. The CEO's salary of The Honeywell Foundation Inc is $255,462 and their total compensation is $300,033.
Official website here: www.honeywellarts.org
What is the revenue of The Honeywell Foundation Inc?
The Honeywell Foundation Inc's revenue in 2022 was $14,961,182.
Official website here: www.honeywellarts.org
Who are the executives of The Honeywell Foundation Inc and what are their salaries?
The average compensation at The Honeywell Foundation Inc during 2022 was $19,607. There are 157 employees and 126 volunteers at The Honeywell Foundation Inc.
Here are 20 key members and their salaries (The Honeywell Foundation Inc's CEO's salary is $255,462 and their total compensation is $300,033):
- Compensation: $255,462
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- Other: $44,571
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- Compensation: $160,614
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- Compensation: $122,884
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Official website here: www.honeywellarts.org
Where can I find the form 990 for The Honeywell Foundation Inc?
The Honeywell Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.honeywellarts.org
Learn more at the official website: www.honeywellarts.org
Mission Statement of The Honeywell Foundation Inc
The Honeywell Foundation, a public charity, is dedicated to enriching lives through arts, education, and entertainment for all. This esteemed organization is renowned for its diverse programming, which includes free educational offerings for youth, gallery exhibits and competitions, and inspiring performing art opportunities.
At the heart of The Honeywell Foundation's mission lies the belief that arts and culture have the power to transform communities and inspire individuals. To bring this vision to life, the foundation provides a range of engaging programs designed to captivate and educate audiences of all ages. For the younger generation, the organization offers enriching educational initiatives that foster creativity and broaden horizons.
The Honeywell Foundation's impressive repertoire extends beyond its own facilities. It houses the Honeywell Center, an arts and entertainment complex boasting a 1,500-seat theater, an art gallery, a roller skating rink, meeting rooms, and a restaurant facility. Additionally, the foundation manages Eagles Theatre, a versatile venue showcasing live performances, classic and first-run films, music lessons, media arts programs, and ballroom space. The foundation's commitment to arts education is evident through its primary activities, which focus on providing diverse and enriching programs for youth.
The Honeywell Foundation's primary sources of revenue and support come from ticket sales, food service, and contributions. With its unwavering dedication to enriching lives through arts, education, and entertainment, The Honeywell Foundation continues to make a profound impact on its community and beyond.
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Impact
October, 2024
The Honeywell Foundation Inc. significantly enriches the community of Wabash, Indiana, through a diverse array of programs and facilities designed to promote arts, education, and entertainment. Its impact is notable in several ways:
1. **Youth Education**: The foundation provides free educational offerings aimed at youth, fostering learning and creativity. This includes arts educational initiatives that inspire the next generation and expose them to various forms of artistic expression.
2. **Cultural Enrichment**: By owning and operating the Honeywell Center, Eagles Theatre, Honeywell House, and Charley Creek Gardens, the foundation creates spaces for cultural engagement. These venues host a range of events, from live performances and art exhibits to horticultural programs, enhancing the cultural fabric of the community.
3. **Accessibility to the Arts**: The foundation's programming includes gallery exhibits, competitions, and performing arts opportunities, making the arts accessible to all community members. This inclusivity helps cultivate a vibrant local arts scene.
4. **Community Gathering Spaces**: The Honeywell Center and its various facilities not only serve as venues for entertainment but also as gathering spaces for meetings and community events. This fosters social interaction and strengthens community bonds.
5. **Historical Preservation**: Through the operation of the Dr. James Ford Historic Home and the Clarkson House, the foundation contributes to the preservation of local history and heritage, offering educational experiences that connect residents to their past.
6. **Economic Contribution**: By attracting visitors for events and performances, the foundation sustains local economic activity, benefiting restaurants, shops, and services in the area.
7. **Diverse Programming**: The foundation's range of programming ensures there is something for everyone, whether it's roller skating, film screenings, or fine dining, contributing to a well-rounded community experience.
Overall, The Honeywell Foundation Inc. plays a crucial role in enhancing the quality of life in Wabash by providing enriching educational opportunities, fostering artistic creativity, and supporting community engagement through its diverse initiatives and facilities.
This information is meant to be a general summary of The Honeywell 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 2022.
- Investment Income: $697,957
- Program Service Revenue: $5,468,589
- Gross Receipts: $15,545,943
Assets and Liabilities:
- Total Assets: $89,024,456
- Total Liabilities: $2,550,728
- Net Assets: $86,473,728
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$4,122,989
FOOD SERVICE
Revenue
$1,160,476
OTHER INCOME
Revenue
$185,124
Organization Details
Founding Year
1941
Phone
(260) 563-1102Principal Officer
Tod Minnich
Main Address
275 WEST MARKET STREET, WABASH, IN, 46992
Website
www.honeywellarts.orgNTEE Category
Code: T70 - Philanthropy
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