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Nonprofiteer
← FOLDS OF HONOR FOUNDATION

Form 990 for tax year 2022

Filed by FOLDS OF HONOR FOUNDATION.

Totals

Total revenue
$3,696,947
Total expenses
$3,491,096
Contributions and grants received
$4,067,448
Grants paid
$3,399,751
Program service revenue
$0
Investment income
$0
Other revenue
-$370,501
Total assets, end of year
$271,154
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$271,154
Program services expenses (Part IX)
$3,420,725
Management and general expenses
$27,726
Fundraising expenses
$42,645
Program service expenses (Part III)
$3,420,725

Program services were 98.0% 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

    $1,420,174

  • 1f · All other contributions, gifts and grants

    $2,647,274

  • 8a · Fundraising events: gross income

    $545,332

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

    $1,420,174

  • 8b · Fundraising events: direct expenses

    $915,833

  • 8c · Net income from fundraising events

    total -$370,501 · excluded -$370,501

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,399,751 · program services $3,399,751

  • 11g · Fees: other

    total $63,619 · program services $20,974 · fundraising $42,645

  • 12 · Advertising and promotion

    total $2,067 · management and general $2,067

  • 13 · Office expenses

    total $18,856 · management and general $18,856

  • 23 · Insurance

    total $1,303 · management and general $1,303

  • 24a · Other expenses: SUPPLIES

    total $3,088 · management and general $3,088

  • 24b · Other expenses: RENT

    total $1,274 · management and general $1,274

  • 24c · Other expenses: MEALS

    total $911 · management and general $911

  • 24d · Other expenses: LEGAL FEES

    total $199 · management and general $199

  • 24e · All other expenses

    total $28 · management and general $28

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $65,303 · end of year $271,154

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $65,303 · end of year $271,154

Mission and programs · 2022

Mission

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

Activities or mission (Part I)

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, NORTH TEXAS 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 ON CAMPUS, ROOM AND BOARD, APPROVED EDUCATIONAL TUTORING, AND OTHER APPROVED EDUCATIONAL EXPENSES.

    Expenses $3,420,725 · Grants $3,399,751

As filed on the 2022 return.

Listed in Part VII

  • Mike Beltz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    15
  • Phil Appenzeller

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Reed Schnittker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tina Love

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sarah Duncan

    DIRECTOR/REG DEV OFFICER

    Total calculated
    $112,250
    From this org
    $0
    From related orgs
    $112,250
    Other
    $0
    Hours/week
    15 + 25 related
  • Rodney Ferrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ralph Stow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Calvin Frank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Derald Kyle

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Joe Schloesser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Scott Kildebeck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Alex Stephenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Michael Hirsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kel Presley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Judson Strudivant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Wyatt Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

  • SEE PART IVPURPOSE OF THE GRANT IS TO BE USED AS SCHOLARSHIPS FOR BENEFICIARIES ON THE TERMS AND CONDITIONS SET FORTH IN THE CHAPTER AGREEMENT.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349321469

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