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← FOLDS OF HONOR FOUNDATION

Form 990 for tax year 2024

Filed by FOLDS OF HONOR FOUNDATION.

Totals

Total revenue
$1,147,462
Total expenses
$1,238,074
Contributions and grants received
$1,104,527
Grants paid
$1,199,762
Program service revenue
$0
Investment income
$0
Other revenue
$42,935
Total assets, end of year
$98,641
Total liabilities, end of year
$76,520
Net assets or fund balances, end of year
$22,121
Program services expenses (Part IX)
$1,219,751
Management and general expenses
$18,323
Fundraising expenses
$0
Program service expenses (Part III)
$1,219,751

Program services were 98.5% 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

    $269,010

  • 1f · All other contributions, gifts and grants

    $835,517

  • 1g · Noncash contributions included above

    $29,653

  • 8a · Fundraising events: gross income

    $247,938

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

    $269,010

  • 8b · Fundraising events: direct expenses

    $205,451

  • 8c · Net income from fundraising events

    total $42,487 · excluded $42,487

  • 10a · Gross sales of inventory

    $448

  • 10c · Net income from sales of inventory

    total $448 · excluded $448

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,199,762 · program services $1,199,762

  • 11c · Fees: accounting

    total $13,327 · management and general $13,327

  • 12 · Advertising and promotion

    total $11,813 · program services $9,451 · management and general $2,362

  • 13 · Office expenses

    total $11,240 · program services $8,992 · management and general $2,248

  • 17 · Travel

    total $471 · program services $377 · management and general $94

  • 23 · Insurance

    total $1,305 · program services $1,044 · management and general $261

  • 24a · Other expenses: MISCELLANEOUS

    total $116 · program services $93 · management and general $23

  • 24b · Other expenses: LICENSES

    total $40 · program services $32 · management and general $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,212 · end of year $95,416

  • 9 · Prepaid expenses and deferred charges

    end of year $3,225

  • 19 · Deferred revenue

    end of year $76,520

  • 27 · Net assets without donor restrictions

    beginning of year $126,212 · end of year $22,121

Mission and programs · 2024

Mission

TO FUND EDUCATIONAL SCHOLARSHIPS FOR THE DEPENDENTS OF FALLEN AND DISABLED ACTIVE DUTY MILITARY SERVICE MEMBERS.

  • FOLDS OF HONOR, MICHIGAN 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, FEES FOR CAMPUS ROOM AND BOARD, APPROVED EDUCATIONAL TUTORING, AND OTHER APPROVED EDUCATIONAL EXPENSES. THE MICHIGAN CHAPTER WAS AWARDED 66 SCHOLARSHIPS WITH A TOTAL AWARD AMOUNT OF 303,695.

    Expenses $1,219,751 · Grants $1,199,762

As filed on the 2024 return.

Listed in Part VII

  • Mark Arminio

    BOARD DIRECT

    Total calculated
    $0
    Hours/week
    1

  • Doug Bell

    BOARD VICE P

    Total calculated
    $0
    Hours/week
    5

  • Ann Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Foley

    BOARD DIRECT

    Total calculated
    $0

  • Don Kalisz

    BOARD DIRECT

    Total calculated
    $0
    Hours/week
    1

  • Mark Kelley

    BOARD DIRECT

    Total calculated
    $0
    Hours/week
    1

  • Madonna Kramer

    BOARD SECETA

    Total calculated
    $0
    Hours/week
    5

  • Gary McInerney

    BOARD DIRECT

    Total calculated
    $0
    Hours/week
    1

  • Doreen Smith

    BOARD DIRECT

    Total calculated
    $0
    Hours/week
    1

  • Scott Smith

    BOARD DIRECT

    Total calculated
    $0
    Hours/week
    1

  • John Somers

    BOARD PRESID

    Total calculated
    $0
    Hours/week
    5

  • Chris Streng

    BOARD DIRECT

    Total calculated
    $0
    Hours/week
    1

  • Skip Strzelecki

    BOARD DIRECT

    Total calculated
    $0
    Hours/week
    1

  • Scott Wagasky

    BOARD TREASU

    Total calculated
    $0
    Hours/week
    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

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.0
Source object
202533179349309663

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