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← FOLDS OF HONOR FOUNDATION

Form 990 for tax year 2023

Filed by FOLDS OF HONOR FOUNDATION.

Totals

Total revenue
$330,571
Total expenses
$267,156
Contributions and grants received
$264,639
Grants paid
$187,180
Program service revenue
$0
Investment income
$101
Other revenue
$65,831
Total assets, end of year
$86,197
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$86,197
Program services expenses (Part IX)
$265,233
Management and general expenses
$1,923
Fundraising expenses
$0
Program service expenses (Part III)
$265,233

Program services were 99.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $264,639

  • 3 · Investment income

    total $101 · unrelated business $101 · excluded $0

  • 8a · Fundraising events: gross income

    $89,339

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $23,508

  • 8c · Net income from fundraising events

    total $65,831 · unrelated business $0 · excluded $65,831

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $187,180 · program services $187,180

  • 12 · Advertising and promotion

    total $76,057 · program services $76,057 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $24 · program services $0 · management and general $24 · fundraising $0

  • 23 · Insurance

    total $1,349 · program services $1,349 · management and general $0 · fundraising $0

  • 24a · Other expenses: Bank Fees

    total $546 · program services $0 · management and general $546 · fundraising $0

  • 24b · Other expenses: Dues & Subscriptions

    total $995 · program services $0 · management and general $995 · fundraising $0

  • 24c · Other expenses: Postage & P.O. Box Rental

    total $358 · program services $0 · management and general $358 · fundraising $0

  • 24d · Other expenses: Printing

    total $647 · program services $647 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,783 · end of year $86,197

  • 31 · Retained earnings, endowment or other funds

    beginning of year $22,783 · end of year $86,197

Mission and programs · 2023

Mission

To raise funds for the Folds of Honor Foundation which provides financial assistance for education to spouses and children of America's fallen and disabled service members.

  • The Folds of Honor, Palmetto State Chapter, provides the national organization with grant funds that provide recipients with higher education scholarships and children's fund scholarships for spouses and dependents of service members who were killed in action, killed in the line of duty or suffered the loss of a limb, died of any cause while on active duty, or after being classified as having a service-connected disability. Scholarships are used to subsidize the cost of tuition, school books, or fees on campus for room and board, approved eductional tutoring, and other approved educational expenses.

    Expenses $265,233 · Grants $187,180 · Revenue $89,339

As filed on the 2023 return.

Listed in Part VII

  • Darin MacDonald

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey Morris

    President

    Total calculated
    $0
    Hours/week
    2
  • Timothy Mervosh

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Steven Diaz

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Patricia Calder

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Drake Bagwell

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Eric Timko

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Craig Augenstein

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Marion Snyder

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Meredith Kinsey

    Board Member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
20 April 2024
IRS schema version
2023v5.0
Source object
202421289349300342

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