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Nonprofiteer
← FOLDS OF HONOR FOUNDATION

Form 990 for tax year 2023

Filed by FOLDS OF HONOR FOUNDATION.

Totals

Total revenue
$485,179
Total expenses
$453,743
Contributions and grants received
$223,377
Grants paid
$408,239
Program service revenue
$0
Investment income
$0
Other revenue
$261,802
Total assets, end of year
$57,587
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$57,587
Program services expenses (Part IX)
$408,239
Management and general expenses
$44,164
Fundraising expenses
$1,340
Program service expenses (Part III)
$408,239

Program services were 90.0% 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.

  • 1f · All other contributions, gifts and grants

    $223,377

  • 8a · Fundraising events: gross income

    $369,919

  • 8b · Fundraising events: direct expenses

    $108,117

  • 8c · Net income from fundraising events

    total $261,802 · excluded $261,802

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $408,239 · program services $408,239

  • 12 · Advertising and promotion

    total $1,340 · fundraising $1,340

  • 13 · Office expenses

    total $39,764 · management and general $39,764

  • 23 · Insurance

    total $1,496 · management and general $1,496

  • 24a · Other expenses: RENT EXPENSE

    total $1,197 · management and general $1,197

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $965 · management and general $965

  • 24c · Other expenses: MEALS

    total $742 · management and general $742

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,151 · end of year $57,587

  • 27 · Net assets without donor restrictions

    beginning of year $26,151 · end of year $57,587

Mission and programs · 2023

Mission

TO FUND EDUCATIONAL SCHOLARSHIPS FOR THE DEPENDENTS OF FALLEN OR DISABLED ACTIVE MILITARY MEMBERS

  • FOLDS OF HONOR PITTSBURGH 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 KILLED IN ACTION, KILLED IN THE LINE OF DUTY OR SUFFERED A LOSS OF 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, SCHOOLBOOKS, FEES, ON CAMPUS ROOM AND BOARD, APPROVED EDUCATIONAL TUTORING, AND OTHER APPROVED EDUCATIONAL EXPENSES.

    Expenses $408,239 · Grants $408,239

As filed on the 2023 return.

Listed in Part VII

  • Chris Phillips

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ed Jackson

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Steve Parolini

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Rick Dayton

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mike Popella

    PRESIDENT & BOARD OF DIREC

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Jason Roth

    VICE PRESIDENT & BOARD OF

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Derek Zynn

    TREASURER & BOARD OF DIREC

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Crystal Popella

    SECRETARY & BOARD OF DIREC

    Total calculated
    $0
    Hours/week
    1 + 1 related

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
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202441359349305959

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