2021-05-17T10:37:41-05:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 3001 SUMMER STREET 5TH FLOOR EAST STAMFORD CT 06905 990 2019-07-01 133102064 HONOR BOUND FOUNDATION INC HONO 2036560003 PO BOX 2465 DARIEN CT 06820 PAMELA KUSHNER PRESIDENT 2036560003 2021-05-17 1 GARRETT M HIGGINS P00543209 2033232400 2021-05-16 2019 2022-09-23 18:48:47Z PAMELA KUSHNER PO BOX 2465 DARIEN CT 06820 1445707 0 X WWW.HONORBOUNDFOUNDATION.ORG X 1984 CT SERVING OUR COUNTRY REQUIRES UNPARALLELED COURAGE AND COMMITMENT, AND VETERANS NATIONWIDE HAVE MADE SACRIFICES TO PROTECT OUR COUNTRY AND OUR FREEDOMS. BUT THE UNFORTUNATE TRUTH IS THAT MANY VETERANS STRUGGLE TO FIND STABILITY WHILE ADJUSTING TO EVERYDAY LIFE AFTER SERVICE. HONOR BOUND'S MISSION REFLECTS OUR COMMITMENT TO PROVIDING TIMELY AID TO VETERANS ACROSS THE COUNTRY. OUR NATIONWIDE PARTNERSHIPS WITH CASE WORKERS, SOCIAL WORKERS FROM THE VA, AND OTHER VETERAN ORGANIZATIONS INCREASE OUR REACH AND IMPACT WHERE IT'S NEEDED MOST. 5 4 6 4 0 0 4026298 965397 0 0 1749 14654 1395 220192 4029442 1200243 1001667 489055 0 0 440576 315908 2671795 908624 1037468 815555 342821 4929593 2056408 -900151 -856165 2612744 1540043 355006 87705 2257738 1452338 X TO SERVE VETERANS AND THEIR FAMILIES WITH HONOR, DIGNITY, AND RESPECT BY ADVOCATING FOR AND PROVIDING IMMEDIATE ASSISTANCE TO THEM DURING TIMES OF CRISIS. 0 0 695268 489055 HONOR BOUND FOUNDATION PROVIDES URGENT ONE-TIME FINANCIAL ASSISTANCE TO VETERANS AND VETERAN FAMILIES IN CRISIS. WHILE OTHER VETERAN SERVICE ORGANIZATIONS MAY REQUIRE EXTENSIVE DOCUMENTATION AND EXCLUSIVE CRITERIA, HONOR BOUND HAS A SIMPLE APPLICATION PROCESS DESIGNED TO MAXIMIZE THE REACH OF OUR AID. THE VA, FOR EXAMPLE, CAN TAKE UP TO TEN MONTHS ON AVERAGE- AND OFTEN OVER A YEAR- TO PROVIDE VETERANS THE BENEFITS DUE TO THEM AFTER SEPARATING FROM SERVICE. HONOR BOUND STANDS BY ITS PROMISE TO RESPOND QUICKLY AND EFFICIENTLY TO HELP VETERANS AND VETERAN FAMILIES IN CRISIS, OFTEN PROVIDING DIRECT PAYMENTS TO CREDITORS/VENDORS WITHIN 24-48 HOURS, ELIMINATING THE STRESS ON THE VETERAN AND THEIR FAMILY. MANY VETERAN SERVICE ORGANIZATIONS HAVE SPECIFIC CRITERIA FOR ASSISTANCE, FOCUSING ON A PARTICULAR CATEGORY SUCH AS POST 9-11 VETERANS OR VETERANS WITH PHYSICAL DISABILITIES. UNFORTUNATELY, MANY EVERYDAY HARD-WORKING VETERANS DO NOT FIT THIS CRITERIA. HONOR BOUND EXTENDS AID TO ALL VETERANS STRUGGLING WITH A WIDE RANGE OF ISSUES. IN 2020 ALONE, WE HELPED OVER 1,375 VETERANS WITH A VARIETY OF ESSENTIAL NEEDS- INCLUDING SECURITY DEPOSITS, UTILITIES, CAR REPAIRS, FOOD, MEDICAL EXPENSES, EDUCATION EXPENSES, AND MORE. IN ADDITION TO PERSONALLY ASSISTING THOUSANDS OF VETERANS AND VETERAN FAMILIES, HONOR BOUND ALSO PROVIDES GRANTS TO ORGANIZATIONS THAT EMBODY OUR MISSION AND EXTEND OUR AID ACROSS THE COUNTRY. 695268 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 353 0 6 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AL AR CA CO FL GA HI IL KS KY MA MD MN MS NC NH NJ NM NY OH OR PA RI SC TN UT VA WI WV X X PAMELA KUSHNER 2036560003 209 WEST AVENUE DARIEN CT 06820 PAMELA KUSHNER PRESIDENT 40.00 X X 101415 0 32442 PHILLIP KRAFT PRESIDENT, THRU DEC. 2019 40.00 X X 76000 0 20330 CATHIE GREENE STANSELL VP & SECRETARY THRU OCT. 2019 1.00 X X 0 0 0 RON RUBANO TREASURER 1.00 X X 0 0 0 JULIET TAYLOR SECRETARY 1.00 X X 0 0 0 PETER MARO BOARD MEMBER 1.00 X X 0 0 0 PAUL SUTTON BOARD MEMBER, THRU FY2020 1.00 X 0 0 0 JIM WALLACE BOARD MEMBER, THRU FEB. 2020 1.00 X 0 0 0 MARK LUTIAN BOARD MEMBER 1.00 X 0 0 0 JIM FARRELL BOARD MEMBER, THRU FEB. 2020 1.00 X 0 0 0 NANCY VERESPY BOARD MEMBER, THRU FY2020 1.00 X 0 0 0 177415 0 52772 1 0 0 0 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVE SUITE 301 HARRISON NY 10528 ACCOUNTING & TAX SERVICES 118594 1 965397 930690 965397 20113 20113 240005 245464 -5459 -5459 -5459 LIABILITY SETTLEMENT 900099 205583 205583 OTHER INCOME 900099 14609 14609 220192 1200243 0 0 234846 X 489055 489055 177629 81822 65101 30706 4150 4150 107086 24491 35307 47288 2613 1045 862 706 2640 1056 871 713 21790 8767 7127 5896 12981 649 11553 779 35224 1761 31350 2113 908624 908624 10148 10148 4198 2099 1091 1008 116154 57781 30998 27375 33791 13771 11003 9017 5404 3413 1195 796 1671 1671 8898 3737 2714 2447 VEHICLE DONATION PROGRA 114352 114352 2056408 695268 323672 1037468 384121 119901 1293960 281288 86394 7203 303398 8255 498 2307 26401 25704 2368 697 542005 1120392 2612744 1540043 355006 42835 0 44870 355006 87705 X 2257738 1452338 2257738 1452338 2612744 1540043 -856165 50765 0 X X 0 0 0 X 9519717 8376875 8743368 4026298 965397 31631655 9519717 8376875 8743368 4026298 965397 31631655 1171139 30460516 56915 6974 1304 16926 20113 102232 37445 164905 1395 220192 423937 32157824 0.94720 0.96570 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: RECOVERY FROM EMBEZZLEMENT - 2015 AMOUNT: $ 7,677. 2016 AMOUNT: $ 15,000. LIABILITY SETTLEMENT - 2015 AMOUNT: $ 29,768. 2016 AMOUNT: $ 149,905. 2019 AMOUNT: $ 205,583. OTHER INCOME - 2018 AMOUNT: $ 1,395. 2019 AMOUNT: $ 14,609. 26401 25704 697 697 PAYCHECK PROTECTION PROGRAM LOAN 44870 44870 X X X X 1 AUTOMOTIVE RECOVERY SERVICES INC 2 WESTBROOK CORPORATE CENTER SUITE WESTCHESTER IL 60154 SOLICITATION AND SALE OF VEHICLES 1 930690 908624 22066 930690 908624 22066 AK AL AR CA CO CT FL GA HI IL KS KY LA MA MD ME MN MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV SCHEDULE G, PART I, LINE 2: OTHER FUNDRAISING EXPENSES PAID ON BEHALF OF THE ORGANIZATION BY AUTOMOTIVE RECOVERY SERVICES, INC: MANAGEMENT & GENERAL $ 114,352 SCHEDULE G, PART I, LINE 2, COLUMN (III): AUTOMOTIVE RECOVERY SERVICES, INC., ("ARS") A PROFESSIONAL FUNDRAISING FIRM, PROVIDES VEHICLE DONATION PROCESSING SERVICES. ARS SECURES AND LIQUIDATES THE DONATED VEHICLES AND RECEIVES A PORTION OF THE FUNDS RAISED THROUGH THIS SOLICITATION CAMPAIGN. 1 VETERAN'S ASSISTANCE 1601 489055 PART I, LINE 2: ASSISTANCE IS PROVIDED UPON REFERRAL ON A CASE-BY-CASE BASIS FROM CASEWORKERS AND SOCIAL WORKERS ON SITE WITH THE VETERAN. CONSIDERATION FOR ASSISTANCE IS BASED ON THE VETERAN'S SERVICE OF A MINIMUM OF ONE YEAR ACTIVE DUTY, PROOF FROM THE CASEWORKER THAT HBF IS THE LAST RESORT AFTER ALL OTHER RESOURCES HAVE BEEN TRIED, ASSURANCE FROM THE CASEWORKER THAT THIS ASSISTANCE WILL ENABLE THE VETERAN TO MOVE FORWARD, AND NOT TO ANOTHER CHARITY OR AGENCY THE NEXT MONTH. MOST IMPORTANTLY, NO FUNDS ARE PROVIDED DIRECTLY TO VETERANS; ONLY TO PROVIDERS. X 83 930690 COST 0 0 1 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBERS OF CONTRIBUTIONS. PART I, LINE 32B: THE ORGANIZATION RETAINED THE SERVICES OF A THIRD PARTY TO SELL THE DONATED VEHICLES THAT IT RECEIVES. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT COMPLETED A REVIEW OF THE FORM 990 PRIOR TO FILING. THE BOARD WILL REVIEW THE RETURN AFTER IT IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO ALL BOARD MEMBERS AND OFFICERS OF THE ORGANIZATION. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, A BOARD MEMBER OR OFFICER MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER CONFLICT TO THE BOARD CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE BOARD MEMBER OR OFFICER SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE ORGANIZATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD-DELEGATED POWERS SHALL CONTAIN: 1. THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED; 2. THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. EACH YEAR THE BOARD MEMBERS AND OFFICERS SHALL SIGN A CONFLICT OF INTEREST STATEMENT AFFIRMING THAT THEY HAVE RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTOOD THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S BOARD OF DIRECTORS ANNUALLY REVIEW AND ESTABLISH THE PRESIDENT'S COMPENSATION. COMPENSATION WAS DETERMINED BASED ON PERFORMANCE AND ECONOMIC FACTORS. PERIODICALLY THE BOARD WILL EXAMINE THE COMPENSATION OF SIMILAR POSITIONS IN THE IMMEDIATE GEOGRAPHIC AREA AS WELL AS THOSE THROUGHOUT THE REGION. THE BOARD'S APPROVAL OF HIS SALARY IS DOCUMENTED IN THE MINUTES TO THE MEETING. THE LAST APPROVAL TOOK PLACE IN JANUARY 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES: THE INSTRUCTIONS FOR THE STATEMENT OF FUNCTIONAL EXPENSES DO NOT REQUIRE WRITTEN EXPLANATION. HOWEVER, IN ORDER TO INCREASE TRANSPARENCY AND PROVIDE THE USERS OF THE FORM WITH COMPLETE INFORMATION ABOUT THE ORGANIZATION'S ACTIVITIES, MANAGEMENT HAS CHOSEN TO SUBMIT THE FOLLOWING NOTE TO PART IX. UNDER GENERALLY ACCEPTED ACCOUNTING GUIDELINES, HONOR BOUND RECOGNIZES THE GROSS SALES PRICE OF AUTOS AS REVENUES WHEN CARS ARE SOLD AT AUCTION. THESE AUTOS ARE SOLD BY HONOR BOUND'S THIRD-PARTY AUTO PROCESSOR. THE THIRD-PARTY AUTO PROCESSOR IS A FOR PROFIT COMPANY WHICH IS PAID AUCTION, COMMISSION AND ADVERTISING FEES WITH THE NET AMOUNT PAID TO HONOR BOUND. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.