Totals
- Total revenue
- $836,714
- Total expenses
- $736,594
- Contributions and grants received
- $766,798
- Grants paid
- $550,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $69,916
- Total assets, end of year
- $1,392,061
- Total liabilities, end of year
- $4,100
- Net assets or fund balances, end of year
- $1,387,961
- Program services expenses (Part IX)
- $550,000
- Management and general expenses
- $127,683
- Fundraising expenses
- $58,911
- Program service expenses (Part III)
- $550,000
Program services were 74.7% 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.
-
1c · Fundraising events
$324,480
-
1f · All other contributions, gifts and grants
$442,318
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$88,629
-
8a · Fundraising events: contributions included on line 1c
$324,480
-
8b · Fundraising events: direct expenses
$38,043
-
8c · Net income from fundraising events
total $50,586
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$25,828
-
10b · Cost of goods sold
$6,498
-
10c · Net income from sales of inventory
total $19,330 · related or exempt $19,330
-
11a · Other revenue: Car Shows
-
11b · Other revenue: Golf
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $550,000 · program services $550,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $65,409 · management and general $6,498 · fundraising $58,911
-
12 · Advertising and promotion
total $50,350 · management and general $50,350
-
13 · Office expenses
total $862 · management and general $862
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $2,481 · management and general $2,481
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,396 · management and general $2,396
-
24a · Other expenses: RIO Compensation
total $56,118 · management and general $56,118
-
24b · Other expenses: Merchant Processing Fee
total $6,840 · management and general $6,840
-
24c · Other expenses: Dues and Subcriptions
total $1,690 · management and general $1,690
-
24d · Other expenses: Postage and Shipping
total $343 · management and general $343
-
24e · All other expenses
total $105 · management and general $105
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $106,724 · end of year $91,452
-
2 · Savings and temporary cash investments
beginning of year $1,151,196 · end of year $1,266,010
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $17,750 · end of year $30,365
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$4,234
-
10c · Land, buildings and equipment, net
beginning of year $4,234 · end of year $4,234
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $106,798 · end of year $4,100
-
29 · Capital stock, trust principal or current funds
beginning of year $188,514 · end of year $303,248
-
31 · Retained earnings, endowment or other funds
beginning of year $984,592 · end of year $1,084,713
Mission and programs · 2025
Mission
Folds of Honor is a 501(c)(3) nonprofit organization that provides educational scholarships to the spouses and children of military members who have fallen or been disabled while serving in the United States Armed Forces. Our educational scholarships support private school tuition or tutoring in grades K-12, tuition for college, technical or trade school and post-graduate work, including a masters degree, doctorate, or professional program. Funds for a second bachelors degree or trade/technical program certification are also available. Since its inception in 2007, Folds of Honor has awarded nearly 62,000 scholarships totaling over $290 million in all 50 states. Among the students served, 45 percent are minorities. It is rated a four-star charity by Charity Navigator and Platinum on GuideStar. It was founded by Lt Col Dan Rooney, the only-ever F-16 fighter pilot (with three combat tours in Iraq) and PGA Professional. For more information or to donate in support of a Folds of Honor schol
-
RAISED FUNDS TO PROVIDE SCHOLARSHIPS TO THE FAMILIES OF FALLEN OR DISABLED VETERANS AND FIRST RESPONDERS
Expenses $550,000 · Grants $550,000
As filed on the 2025 return.
Listed in Part VII
-
Michael Daggett
President
- Total calculated
- $0
- Hours/week
- 4
-
Steve Bishop
Vice President
- Total calculated
- $0
- Hours/week
- 4
-
Scott Kasmer
Executive Dir.
- Total calculated
- $0
- Hours/week
- 4
-
Jacob Brown
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Zach Porter
Treasurer
- Total calculated
- $0
- Hours/week
- 4
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
-
$550,000
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 15 March 2026
- IRS schema version
- 2025v4.0
- Source object
- 202600799349301120
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