NATIONAL HONOR SOCIETY SCHOLARSHIP FUND

EIN: 475150097 501(c)(3)

RESTON, VA

Total Revenue
$499,995
Total Expenses
$520,814
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
VA
Principal Officer
WAYNE FIRESTONE
Phone
7038600200
Tax Period
2019-01-01 to 2019-11-13

NATIONAL HONOR SOCIETY SCHOLARSHIP FUND, founded in 2015, is a micro nonprofit that reported $7K in total revenue in fiscal year 2018. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $741K exceeded revenue, resulting in a 10077% operating deficit.

Mission

TO SUPPORT AND GROW THE RESPECTED NATIONAL HONOR SOCIETY SCHOLARSHIP PROGRAM THROUGH SIGNIFICANT POST-SECONDARY SCHOLARSHIP FUNDING FOR THE BEST AND BRIGHTEST STUDENTS IN OUR SCHOOLS TODAY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-1,005
Other Revenue $501,000
TOTAL REVENUE $499,995

Expense Breakdown

Grants Paid $388,877
Salaries & Benefits $117,737
Fundraising Expenses $0
Program Expenses $388,877
Other Expenses $14,200
TOTAL EXPENSES $520,814

Year-over-Year Comparison

2019 2018 Change
Revenue $499,995 $7,278 +67.7%
Expenses $520,814 $740,718 -0.3%
Net Income $-20,819 $-733,440 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$106,073
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANN BARTOLETTI PRESIDENT 2.00
Officer Director
$0 $0 $0
DENNIS B SADLER JR SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
CHRISTINE KELLEHER DIRECTOR 1.00
Director
$0 $0 $0
BRIAN LEFTWICH DIRECTOR 1.00
Director
$0 $0 $0
KAREN SHOOS DIRECTOR 1.00
Director
$0 $0 $0
WAYNE FIRESTONE CEO 37.50
Officer
$100,643 $5,430 $106,073
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $499,995 $520,814 No data $-20,819
2018 $7,278 $740,718 $585,475 $-733,440
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