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THE HONOR FOUNDATION

aka THF   |   San Diego, CA   |  www.honor.org

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THE HONOR FOUNDATION

EIN: 46-2952873


Mission

OUR MISSION --We exist to serve others with Honor, for life. So that their next mission is always clear and continues to impact the world. The Honor Foundation (THF) is a career transition program for U.S. Special Operations Forces that effectively translates elite military service to the private sector and helps create the next generation of corporate and community leaders. We provide a clear process for professional development and a diverse ecosystem of world-class support and technology. Every step is dedicated to preparing these outstanding men and women to continue to realize their maximum potential during and after their service careers.

Ruling year info

2014

CEO

Matt Stevens

Main address

11055 Roselle St Suite 120

San Diego, CA 92121 USA

Show more contact info

EIN

46-2952873

Subject area info

Vocational education

Adult education

Population served info

Military personnel

NTEE code info

Adult, Continuing Education (B60)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

Affiliations

See related organizations info

What we aim to solve

SOURCE: Self-reported by organization

The Honor Foundation (THF) addresses the inadequacies of the current transition program (TAP) offered by the Department of Defense. TAP focuses solely on VA benefits and Department of Labor training and offers no guidance on how to find one's identity or purpose outside of the military. THF comprehensively addresses these challenges and offers a clear path to prepare for private-sector employment. Transitioning from the military is one of the most difficult times in a service member's life and career. Veterans face numerous challenges when separating from service and are often underemployed and underutilized in the civilian workforce. Challenges we address - Loss of identity - Loss of purpose - Loss of community - Job readiness

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

The Honor Foundation Program - San Diego, CA

The Honor Foundation (THF) is a unique transition institute created exclusively for members of the U.S. Special Operations community.

Population(s) Served
Military personnel

The Honor Foundation (THF) is a unique transition institute created exclusively for members of the U.S. Special Operations community.

Population(s) Served
Military personnel

The Honor Foundation (THF) is a unique transition institute created exclusively for members of the U.S. Special Operations community. This program serves MARSOC Marine Raiders.

Population(s) Served
Military personnel

The Honor Foundation (THF) is a unique transition institute created exclusively for members of the U.S. Special Operations community.

Population(s) Served
Military personnel

The Honor Foundation program at Ft. Liberty supports the active-duty special operations community preparing to transition out of the military. We help the outstanding men and women of the Army, Airforce and Joint Special Operations who have selflessly served our country, as they seek their next purpose in the civilian sector.

Population(s) Served

The Honor Foundation's Professional Development Series serves THF Alumni and Fellows as they explore their next mission in life and determine how their purpose can be utilized in a civilian career. THF's Professional Development series explores a variety of topics pertinent to transitioning military personnel, including diversity, equity, inclusion, exploration of specific industries, and health and wellness topics.

Population(s) Served
Military personnel

The Honor Foundation program supporting Eglin AFB serves the 7th Special Forces and Air Forces Special Operations Forces active-duty community preparing to transition out of the military. Transition is one of, if not the most difficult time in a service member's life. THF supports service members during this transition to help individuals find purpose and fulfillment post-military service.

Population(s) Served
Military personnel

The Honor Foundation (THF) Tampa program supports the active duty members of the SOCOM and SOCCENT - Special Operations Forces community - as they prepare to transition out of the military. Transition is one of, if not the most difficult time in a service member's life. THF supports service members during this transition to help individuals find purpose and fulfillment post-military service.

Population(s) Served
Military personnel

The Honor Foundation program supporting Ft. Campbell serves the 5th Special Forces and 160th Special Operations Aviation Regiment active-duty community preparing to transition out of the military. Transition is one of, if not the most difficult time in a service member's life. THF supports service members during this transition to help individuals find purpose and fulfillment post-military service.

Population(s) Served
Military personnel

The Honor Foundation program supporting JBLM serves the 1st Special Forces, 2nd Rangers, and 160th Special Operations Aviation Regiment active-duty community preparing to transition out of the military. Transition is one of, if not the most difficult time in a service member's life. THF supports service members during this transition to help individuals find purpose and fulfillment post-military service.

Population(s) Served
Military personnel
Military personnel

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of students enrolled

This metric is no longer tracked.
Totals By Year
Population(s) Served

Military personnel

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total Alumni

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

THF provides a multi-faceted executive transition program for active-duty special operations service members preparing to separate from service and pursue their next chapter in life. The program provides transitioning service members with the knowledge, resources, and network to find their purpose and value outside of the military. Our three-month in-person and virtual programs fulfill a vital need at a critical time for transitioning veterans and their families, elevating them to serve at their full capacity in the private sector.

Our goal is to provide a world-class program for the men and women of the US Special Operations Command enterprise so they can prepare for transition with confidence in a cohort of their peers. Having a successful transition with continuous support is critical to ensuring these veterans find their new purpose and value in their post-military careers and ultimately prevent the negative mental health outcomes that occur from transitioning poorly.

THF's vision is to impact every transitioning service member (~2,500/ year) from the U.S. Special Operations Command enterprise and be a catalyst for overhauling and innovating the Department of Defense (DOD) transition assistance program to benefit all separating military service members.

How it will be executed:
Over 3 months, THF Fellows (program participants) meet twice per week after work to learn and engage with faculty and volunteers in the cohort. Our fellows benefit from a tailored and comprehensive executive education program, including professional instruction, hands-on learning in a group environment, 1:1 executive coaching, mentorship across major industries of business, and a nationwide network of volunteers and employer partners. Our program enables the servicemember to determine the best course of action for what they would like to pursue (career, start a business, continuing education, etc.). Our team works with our alumni in a 1:1 capacity to ensure they meet their transition goal by the 90-day mark after the end of service, and our alumni have access to our staff, resources, and network of support, for life!

THF cultivates a rich company culture which leads to a motivated, caring staff, faculty, and volunteer network. THF leverages this network, its resources, knowledge, and experience to create and deliver the highest quality comprehensive military transition program in the nation.

THF's capabilities include:
- a world-class staff, faculty, and volunteers
- a proven curriculum
- strong ties to businesses and communities nationwide
- career support for life

As of December 1, 2023, THF has continued to serve hundreds of veterans and their families each year with its program and services. THF is now home to 8 campus locations and 2 virtual classrooms across the country, and globe.

THF has built a world-class transition program with 1:1 professional coaching for each Fellow, a proven curriculum, and first-class faculty and staff, with access to a network of 500+ executives who serve as mentors and advisors for our transitioning veterans.

Over the past ten years, we are proud to have served 2,558 Special Operations families through our 3-month transition program, and we have served over 900 hundred more service members through content-rich seminars. After graduating from our program, 97% of THF Alumni report they are "fulfilled" 90 days after leaving service. We define fulfillment as the participant achieving their objective in one of the following categories: employment, continuing education, starting a business, or taking a sabbatical. We serve The Honor Foundation Alumni with honor, for life!

The Honor Foundation is changing lives by offering clear guidance for service members to find their purpose outside of the military, reversing the narrative of negative outcomes for transitioning veterans, and elevating our elite military to be prepared to serve at their full capacity in the private sector, for the mutual benefit of all.

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

16.12

Average of 13.60 over 9 years

Months of cash in 2022 info

SOURCE: IRS Form 990

4.5

Average of 6.8 over 9 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

3%

Average of 8% over 9 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

THE HONOR FOUNDATION

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

THE HONOR FOUNDATION

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

THE HONOR FOUNDATION

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of THE HONOR FOUNDATION’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $461,818 -$100,316 $585,088 $830,264 $498,570
As % of expenses 21.4% -4.0% 26.3% 26.8% 11.3%
Unrestricted surplus (deficit) after depreciation $362,363 -$310,648 $408,821 $691,415 $478,693
As % of expenses 16.1% -11.4% 17.0% 21.3% 10.8%
Revenue composition info
Total revenue (unrestricted & restricted) $2,239,125 $2,244,795 $3,048,219 $4,088,301 $5,044,326
Total revenue, % change over prior year 27.2% 0.3% 35.8% 34.1% 23.4%
Program services revenue 0.0% 0.0% 1.8% 1.1% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.1%
Government grants 0.6% 0.3% 1.1% 9.8% 0.0%
All other grants and contributions 99.4% 99.5% 84.4% 88.7% 99.8%
Other revenue 0.1% 0.2% 12.7% 0.5% 0.1%
Expense composition info
Total expenses before depreciation $2,153,625 $2,508,668 $2,228,234 $3,103,037 $4,427,794
Total expenses, % change over prior year 36.1% 16.5% -11.2% 39.3% 42.7%
Personnel 60.1% 62.9% 72.2% 55.2% 52.1%
Professional fees 4.8% 3.2% 1.6% 2.4% 2.8%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 12.1% 0.1%
All other expenses 35.1% 34.0% 26.2% 30.3% 45.0%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $2,253,080 $2,719,000 $2,404,501 $3,241,886 $4,447,671
One month of savings $179,469 $209,056 $185,686 $258,586 $368,983
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $539,865 $0 $0 $0 $0
Total full costs (estimated) $2,972,414 $2,928,056 $2,590,187 $3,500,472 $4,816,654

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 8.7 6.4 11.2 11.5 4.5
Months of cash and investments 8.7 6.4 11.2 11.5 10.0
Months of estimated liquid unrestricted net assets 5.6 4.3 8.0 10.4 8.6
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $1,569,207 $1,329,306 $2,084,597 $2,980,393 $1,672,753
Investments $0 $0 $0 $0 $2,017,340
Receivables $52,430 $8,200 $95,075 $119,294 $84,021
Gross land, buildings, equipment (LBE) $690,755 $706,113 $711,582 $712,165 $716,978
Accumulated depreciation (as a % of LBE) 22.7% 52.0% 76.4% 95.8% 97.9%
Liabilities (as a % of assets) 24.7% 28.1% 20.9% 1.8% 2.7%
Unrestricted net assets $1,547,013 $1,236,365 $1,645,186 $2,719,489 $3,198,182
Temporarily restricted net assets $163,660 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $163,660 $103 $235,000 $390,000 $525,000
Total net assets $1,710,673 $1,236,468 $1,880,186 $3,109,489 $3,723,182

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

CEO

Matt Stevens

Matt Stevens transitioned from the U.S. Navy in July 2017 after serving for 26 years as a SEAL officer. He attended The Honor Foundation’s (THF) inaugural East Coast class in the Spring of 2016, joined the THF SOF Advisory Board in the Spring of 2017, and then joined THF’s Board of Directors in February 2018. Throughout his career, Matt served as a Special Operations executive leading high-performing teams conducting our nation’s most sensitive operations, cultivating interagency relationships, and executing plans in dynamic environments. Matt served on the leadership team of an emerging technology company from 2017 to 2019 before assuming the role of Chief Executive Officer of THF.

Number of employees

Source: IRS Form 990

THE HONOR FOUNDATION

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

THE HONOR FOUNDATION

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

THE HONOR FOUNDATION

Board of directors
as of 02/02/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Jon Skinner

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Term: 2023 - 2025

J. Scott Adams

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Larry Solomon

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Michael Nagata

CACI

David Janke

Blackswan Partners

Dave Alberga

Justin Connolly

Disney/ESPN

Marc Brown

Cyngn

Matt Bigge

Crosslink Capital

John Burnham

Accenture

Frank Muller

Lyla Kohistany

Consultant

Richard Wells

Insight Partners

Greg Smith

Consultant

Brian Sweigart

Surefox

Harry Leonhardt

Mike Kendall

Goodwin Law firm

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 1/31/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person with a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data