THE HONOR FOUNDATION
EIN: 46-2952873
Programs and results
Reports and documents
Download annual reports Download other documentsWhat we aim to solve
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
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.
The Honor Foundation Program - Virginia Beach, VA
The Honor Foundation (THF) is a unique transition institute created exclusively for members of the U.S. Special Operations community.
The Honor Foundation Program - Camp Lejeune, NC
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.
The Honor Foundation Program - Virtual
The Honor Foundation (THF) is a unique transition institute created exclusively for members of the U.S. Special Operations community.
The Honor Foundation - Ft. Liberty, NC
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.
The Honor Foundation - Professional Development Series
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.
The Honor Foundation - Eglin AFB, FL
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.
The Honor Foundation - Tampa, FL
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.
The Honor Foundation - Ft. Campbell, TN
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.
The Honor Foundation - Joint Base Lewis-McChord
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.
Where we work
External reviews
Videos
Our results
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
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
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.
What are the organization's key strategies for making this happen?
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!
What are the organization's capabilities for doing this?
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
What have they accomplished so far and what's next?
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.
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
16.12
Months of cash in 2022 info
4.5
Fringe rate in 2022 info
3%
Funding sources info
Assets & liabilities info
Financial data
THE HONOR FOUNDATION
Balance sheetFiscal Year: Jan 01 - Dec 31
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: Jan 01 - Dec 31
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
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 employeesSOURCE: IRS Form 990
Compensation data
THE HONOR FOUNDATION
Highest paid employeesSOURCE: IRS Form 990
Compensation data
THE HONOR FOUNDATION
Board of directorsas of 02/02/2024
Board of directors data
Jon Skinner
PSP Partners
Term: 2023 - 2025
J. Scott Adams
Harbour Group International
Larry Solomon
The Capital Group
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
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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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
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
No data
Gender identity
No data
Transgender Identity
No data
Sexual orientation
No data
Disability
No data