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Nonprofiteer
← FOLDS OF HONOR FOUNDATION

Form 990 for tax year 2022

Filed by FOLDS OF HONOR FOUNDATION.

Totals

Total revenue
$55,642,990
Total expenses
$46,972,258
Contributions and grants received
$55,488,681
Grants paid
$32,078,752
Program service revenue
$0
Investment income
$574,836
Other revenue
-$420,527
Total assets, end of year
$87,120,626
Total liabilities, end of year
$13,588,232
Net assets or fund balances, end of year
$73,532,394
Program services expenses (Part IX)
$42,363,006
Management and general expenses
$2,239,884
Fundraising expenses
$2,369,368
Program service expenses (Part III)
$42,363,006

Program services were 90.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LT COLONEL DAN ROONEY

    CEO & FOUNDER

    Total calculated
    $478,006
    From this org
    $441,036
    From related orgs
    $0
    Other
    $36,970
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,536
    Bonus
    $137,500
    Other
    $18,000
    Deferred
    $27,773
    Nontaxable benefits
    $9,197
    Filer's total
    $478,006

  • MIKE ARBOUR

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • BRIAN WHITCOMB

    SECRETARY/NOMINATING CHAIR

    Total calculated
    $0
    Hours/week
    3

  • RYAN LEWELLYN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JEFF BABINEAU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • LARRY PFEIFFER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CHRIS WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • TERRY WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DR JOHN ROONEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JOHNNY POWERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DAVE NORTH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • SCOTT MUELLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • RAY POUDRIER

    CFO

    Total calculated
    $175,727
    From this org
    $150,247
    From related orgs
    $0
    Other
    $25,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,747
    Bonus
    $13,500
    Other
    $0
    Deferred
    $13,994
    Nontaxable benefits
    $11,486
    Filer's total
    $175,727

  • NICK NICHOLS

    CHIEF GROWTH OFFICER

    Total calculated
    $243,331
    From this org
    $217,960
    From related orgs
    $0
    Other
    $25,371
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,960
    Bonus
    $25,000
    Other
    $0
    Deferred
    $19,683
    Nontaxable benefits
    $5,688
    Filer's total
    $243,331

  • BEN LESLIE

    CHIEF IMPACT OFFICER

    Total calculated
    $276,297
    From this org
    $242,346
    From related orgs
    $0
    Other
    $33,951
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,346
    Bonus
    $25,000
    Other
    $0
    Deferred
    $10,544
    Nontaxable benefits
    $23,407
    Filer's total
    $276,297

  • LARRY ROBINSON

    VP OF IMPACT

    Total calculated
    $235,470
    From this org
    $197,143
    From related orgs
    $0
    Other
    $38,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,143
    Bonus
    $25,000
    Other
    $0
    Deferred
    $17,645
    Nontaxable benefits
    $20,682
    Filer's total
    $235,470

  • ROCKY SICKMANN

    SR VP, CORP ACCT

    Total calculated
    $205,195
    From this org
    $177,425
    From related orgs
    $0
    Other
    $27,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,914
    Bonus
    $8,511
    Other
    $0
    Deferred
    $11,394
    Nontaxable benefits
    $16,376
    Filer's total
    $205,195

  • JOSEPH EASLEY

    DIRECTOR OF DONOR EXPERIENCE

    Total calculated
    $146,669
    From this org
    $114,184
    From related orgs
    $0
    Other
    $32,485
    Hours/week
    40

  • MELANIE K BARDIN-MORROW

    VP OPERATIONS

    Total calculated
    $146,413
    From this org
    $113,350
    From related orgs
    $0
    Other
    $33,063
    Hours/week
    40

  • GLENN GREENSPAN

    DIRECTOR PR

    Total calculated
    $173,674
    From this org
    $136,594
    From related orgs
    $0
    Other
    $37,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,994
    Bonus
    $12,600
    Other
    $0
    Deferred
    $9,316
    Nontaxable benefits
    $27,764
    Filer's total
    $173,674

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
DUE TO EXTRAORDINARY TRAVEL DEMANDS, THE CEO SOMETIMES USES HIS PERSONAL SINGLE ENGINE AIRPLANE FOR AIR TRAVEL REQUIRED FOR FOUNDATION BUSINESS. THE FOUNDATION REIMBURSES SUCH TRAVEL BASED ON IRS STANDARD RATES. THE ORGANIZATION PAID SOCIAL CLUB DUES ON BEHALF OF SEVERAL OFFICERS IN ORDER TO MAINTAIN PGA, SPONSOR AND MAJOR DONOR RELATIONSHIPS DURING THE YEAR.
PART I, LINE 4B
THE FOUNDATION ENTERED INTO A LONG-TERM INCENTIVE COMPENSATION ARRANGEMENT WITH CEO LT COL DAN ROONEY. THE CEO HAS THE OPPORTUNITY TO EARN UP TO $80,000 ANNUALLY.
PART I, LINE 7
DISCRETIONARY BONUSES ARE PAID TO EMPLOYEES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PATRIOT COTTAGES LLC

    RENTAL · OK · income -$85,369 · assets $1,636,834

    Directly controlled by FOLDS OF HONOR FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
28 July 2023
IRS schema version
2022v5.0
Source object
202332219349300323

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