Overview
What is Honnold Foundation?
The Honnold Foundation is a nonprofit organization based in Salt Lake City, Utah, with a focus on providing unrestricted, multi-year grants for grassroots initiatives working on solar energy access worldwide. In 2022, they solicited applications globally and awarded grants to 24 innovative, community-driven solar initiatives in 16 countries, including two instances where funds were given to organizations within the US for work done outside the US. Their mission is to partner with marginalized communities to expand equitable solar energy access, working towards a more sustainable and inclusive future for all. The organization currently employs 7 individuals.
Official website here: www.honnoldfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star Rating
The Honnold Foundation has received a solid Three-Star rating with an overall score of 88%, indicating a strong performance in accountability and finance. The organization excels in having a fully independent board and maintains a high program expense ratio, demonstrating a commitment to effective use of funds in support of its mission. Its financial health is further illustrated by a low liabilities to assets ratio and impressive fundraising efficiency.
In terms of organizational governance, the foundation shows robust practices, with essential policies such as conflict of interest and whistleblower policies in place and well-documented board meeting minutes. The foundation has no reported material diversions of assets, reinforcing its integrity and transparency. These strengths contribute positively to the foundation's credibility in the nonprofit sector.
The Honnold Foundation also scores highly in culture and community, achieving a score of 97. This suggests that the organization prioritizes equity and community engagement in its strategies. While the financial metrics are strong, ongoing transparency and continued focus on community impact will be crucial for maintaining trust and effectiveness in its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Honnold Foundation legitimate?
Honnold Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Honnold Foundation 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: $143,618
Professional Fundraising Fees: $0
Other Salaries and Wages: $297,557
For more financial information, click here
Official website here: www.honnoldfoundation.org
What is the mission statement of Honnold Foundation?
The Honnold Foundation works towards equitable solar energy access, particularly focusing on marginalized communities worldwide. Through its core grants, it funds grassroots nonprofits engaged in solar energy access initiatives globally. In 2022, the foundation solicited applications from solar nonprofits and initiatives across the globe. After a rigorous review process, it awarded grants to 24 innovative, community-driven solar initiatives in 16 countries, with some funds being given to organizations within the U.S. for work done outside the U.S.
Official website here: www.honnoldfoundation.org
Who is the CEO of Honnold Foundation?
Emily Teitsworth is the Executive Di of Honnold Foundation.
Official website here: www.honnoldfoundation.org
What is the revenue of Honnold Foundation?
Honnold Foundation's revenue in 2022 was $6,977,163.
Official website here: www.honnoldfoundation.org
Who are the executives of Honnold Foundation and what are their salaries?
The average compensation at Honnold Foundation during 2022 was $63,025. There are 7 employees and 15 volunteers at Honnold Foundation.
Here are 11 key members and their salaries:
- Compensation: $132,736
- Related: $0
- Other: $10,882
- Compensation: $102,275
- Related: $0
- Other: $5,108
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.honnoldfoundation.org
Where can I find the form 990 for Honnold Foundation?
Honnold Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.honnoldfoundation.org
Learn more at the official website: www.honnoldfoundation.org
Mission Statement of Honnold Foundation
The Honnold Foundation is a philanthropic organization that partners with marginalized communities worldwide to expand equitable solar energy access. Its mission is to provide unrestricted, multi-year grants to grassroots nonprofits working on solar energy access projects globally. In 2022, the foundation received nearly 800 applications from solar nonprofits and initiatives worldwide and awarded grants to 24 innovative, community-driven solar initiatives in 16 countries. Notably, for two of the countries, the funds were given to an organization within the U.S. for work done outside the U.S. The Honnold Foundation's core grants fund aims to empower communities by providing them with the resources needed to generate and utilize solar energy, thereby promoting a more sustainable and equitable future for all.
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Impact
June, 2024
The Honnold Foundation partners with marginalized communities worldwide, providing unrestricted multi-year grants for grassroots organizations and initiatives working to expand equitable solar energy access. In 2022, the Foundation awarded grants to 24 innovative solar initiatives in 16 countries, after receiving nearly 800 applications. The impact of these grants is empowering communities to access clean and sustainable energy, promoting environmental sustainability, and fostering social equity.
This information is meant to be a general summary of Honnold Foundation. 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: $10,575
- Gross Receipts: $7,446,635
Assets and Liabilities:
- Total Assets: $6,354,284
- Total Liabilities: $8,631
- Net Assets: $6,345,653
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Organization Details
Founding Year
2018
Phone
(978) 480-0745Principal Officer
Emily Teitsworth
Main Address
159 W BROADWAY 200, SALT LAKE CITY, UT, 84101
Website
www.honnoldfoundation.orgNTEE Category
Code: C12 - Environment
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