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← FOLDS OF HONOR FOUNDATION

Form 990 for tax year 2024

Filed by FOLDS OF HONOR FOUNDATION.

Totals

Total revenue
$1,919,110
Total expenses
$2,316,194
Contributions and grants received
$1,934,801
Grants paid
$1,571,661
Program service revenue
$0
Investment income
$123,761
Other revenue
-$139,452
Total assets, end of year
$891,422
Total liabilities, end of year
$5,025
Net assets or fund balances, end of year
$886,397
Program services expenses (Part IX)
$2,013,226
Management and general expenses
$219,256
Fundraising expenses
$83,712
Program service expenses (Part III)
$2,013,226

Program services were 86.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PERRY SCHMIDT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • BOB CRON

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • KAM KIELHORN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • JOHN POHLAD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • CHRIS SCHWARTZBAUER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • NEAL LOIDOLT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • SCOTT NYGAARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • LYNN PLASCHKO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MIKE WALLACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DAVID BARBEROT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ROGER MALDONADO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MITCH DAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MATT BRUNS

    EXECUTIVE DIRECTOR

    Total calculated
    $170,082
    From this org
    $163,505
    From related orgs
    $0
    Other
    $6,577
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,505
    Bonus
    $0
    Other
    $0
    Deferred
    $6,577
    Nontaxable benefits
    $0
    Filer's total
    $170,082

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513179349308431

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