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Nonprofiteer
← FOLDS OF HONOR FOUNDATION

Form 990 for tax year 2022

Filed by FOLDS OF HONOR FOUNDATION.

Totals

Total revenue
$1,311,054
Total expenses
$278,621
Contributions and grants received
$1,418,465
Grants paid
$250,000
Program service revenue
$0
Investment income
$74
Other revenue
-$107,485
Total assets, end of year
$1,108,754
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,108,754
Program services expenses (Part IX)
$278,621
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$278,621

Program services were 100.0% 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

    $165,927

  • 1f · All other contributions, gifts and grants

    $1,252,538

  • 3 · Investment income

    total $74 · unrelated business $74

  • 8a · Fundraising events: gross income

    $75,188

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

    $165,927

  • 8b · Fundraising events: direct expenses

    $183,200

  • 8c · Net income from fundraising events

    total -$108,012 · excluded -$108,012

  • 11a · Other revenue: MISCELLANEOUS

    total $527 · related or exempt $527

  • 11e · Other revenue, total

    $527

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,000 · program services $250,000

  • 11b · Fees: legal

    total $600 · program services $600

  • 12 · Advertising and promotion

    total $16,373 · program services $16,373

  • 13 · Office expenses

    total $1,149 · program services $1,149

  • 17 · Travel

    total $1,729 · program services $1,729

  • 23 · Insurance

    total $1,865 · program services $1,865

  • 24a · Other expenses: MISCELLANEOUS

    total $5,092 · program services $5,092

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $1,333 · program services $1,333

  • 24c · Other expenses: MEALS AND ENTERTAINMENT

    total $239 · program services $239

  • 24d · Other expenses: BANK CHARGES

    total $145 · program services $145

  • 24e · All other expenses

    total $96 · program services $96

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $74,308 · end of year $106,140

  • 2 · Savings and temporary cash investments

    end of year $1,000,601

  • 4 · Accounts receivable

    end of year $2,000

  • 10a · Land, buildings and equipment: cost or other basis

    $4,234

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,234

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $170 · end of year $13

  • 27 · Net assets without donor restrictions

    beginning of year $74,478 · end of year $1,108,754

Mission and programs · 2022

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.

  • FOLDS OF HONOR, INDIANA CHAPTER, PROVIDES THE NATIONAL ORGANIZATION WITH GRANT FUNDS THAT PROVIDE RECIPIENTS WITH HIGHER EDUCATION SCHOLARSHIPS AND CHILDREN'S FUND SCHOLARSHIPS FOR SPOUSES AND DEPENDENTS FOR 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 COSTS OF TUITION, SCHOOL BOOKS, FESS ON CAMPUS ROOM AND BOARD, APPROVED EDUCATIONAL TUTORING, AND OTHER APPROVED EDUCATIONAL EXPENSES.

    Expenses $278,621 · Grants $250,000

  • VOLUNTEER SUPPORTED ANNUAL GOLF EVENT WHERE PROCEEDS ARE CONTRIBUTED TO FOLDS OF HONOR FOUNDATION

As filed on the 2022 return.

Listed in Part VII

  • Michael Daggett

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Terrance Smith

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Jacob Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Diane Markle

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Marcus Fischer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Rebecca Wilson-Lusk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Tim Ingle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Janine Daggett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Scott Kasmer

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Denver Gray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • David Skinner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Terry Mullins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Steve Bishop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Gary Woodruff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Derek Menendez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

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

  • FOLDS OF HONOR

    $250,000

    PROVIDE THE NATIONAL ORGANIZATION WITH GRANT FUNDS THAT PROVIDE RECIPIENTS WITH HIGHER EDUCATION SCHOLARSHIPS AND CHILDREN'S FUND SCHOLARSHIPS FOR SPOUSES AND DEPENDENTS FOR 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

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303199349314365

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