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← FOLDS OF HONOR FOUNDATION

Form 990 for tax year 2023

Filed by FOLDS OF HONOR FOUNDATION.

Totals

Total revenue
$189,533
Total expenses
$193,034
Contributions and grants received
$121,164
Grants paid
$190,000
Program service revenue
$0
Investment income
$0
Other revenue
$68,369
Total assets, end of year
$14,175
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$14,175
Program services expenses (Part IX)
$190,000
Management and general expenses
$3,034
Fundraising expenses
$0
Program service expenses (Part III)
$190,000

Program services were 98.4% 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

    $121,164

  • 8a · Fundraising events: gross income

    $142,627

  • 8b · Fundraising events: direct expenses

    $74,258

  • 8c · Net income from fundraising events

    total $68,369

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $190,000 · program services $190,000

  • 13 · Office expenses

    total $164 · management and general $164

  • 23 · Insurance

    total $2,870 · management and general $2,870

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,676 · end of year $14,175

  • 27 · Net assets without donor restrictions

    beginning of year $17,676 · end of year $14,175

Mission and programs · 2023

Mission

TO RAISE FUNDS FOR THE FOLDS OF HONOR FOUNDATION WHICH PROVIDES FINANCIAL ASSISTANCE FOR EDUCATION TO SUPPORT SPOUSES AND CHILDREN OF AMERICA'S FALLEN AND DISABLED SERVICE MEMBERS.

  • FOLDS OF HONOR, NEW MEXICO 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 ILLED 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, FEES ON CAMPUS, ROOM AND BOARD, APPROVED EDUCATIONAL TUTORING, AND OTHER APPROVED EDUCATIONAL EXPENSE. IN THE 2022-2023 ACADEMIC YEAR SCHOLARSHIPS TOTALING 190,000 WERE AWARDED.

    Expenses $190,000 · Grants $190,000

  • FUNDRAISING EXPENSES

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Fred Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rose E Gardiner

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Bill Goodwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Michalk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James M Quick

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Patricia Quick

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    15

  • Shana I Quick

    SECRETARY

    Total calculated
    $0
    Hours/week
    12

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 NATIONAL

    $190,000

Provenance

Return type
form_990
Tax year
2023
Filed
30 April 2024
IRS schema version
2023v5.0
Source object
202441239349302164

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