With Honor Institute
Nonprofit profile at a glance
- EIN
- 923112476
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2025052153
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public, Society Benefit N.E.C.
Reported finances
- Revenue
- $537,437
- Expenses
- $517,431
- Assets
- $65,587
- Liabilities
- $6,344
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- RYE BARCOTT (PRESIDENT & DIRECTOR)
People named in this filing
- RYE BARCOTT (PRESIDENT & DIRECTOR)
- DAVID STAPLETON (TREASURER & DIRECTOR)
- IGOR JABLOKOV (SECRETARY & DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote good governance and veteran leadership in public service.
What it reported doing in 2024
The charity plans to provide grants to section 501(c) organizations that advance principled veteran leadership and values in public service. Although specific grantees are not yet identified, the charity anticipates that most, if not all, will be tax-exempt under section 501(c)(3) of the code. To ensure proper use of funds, the charity will conduct pre-grant inquiries, establish grant agreements prohibiting political campaign intervention, require reporting on fund usage, conduct oversight, and retain records to maintain accountability and transparency.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 46% for direct work, and 54% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 80
- Accountability: 88
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85%; rating input score 85
- Program expense ratio: 88.3%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 63.9%; rating input score 64; 31st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.7%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 0.13; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 191.4% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: 165.3% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 35.1% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 85% of revenue deployed · 88.3% of spending went to programs
- Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $457K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors and grants
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 11 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Moderate — Sustainability: Operating margin scored 47/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.