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Nonprofiteer
← FOLDS OF HONOR FOUNDATION

Form 990 for tax year 2023

Filed by FOLDS OF HONOR FOUNDATION.

Totals

Total revenue
$631,601
Total expenses
$654,976
Contributions and grants received
$595,071
Grants paid
$510,000
Program service revenue
$0
Investment income
$577
Other revenue
$35,953
Total assets, end of year
$46,287
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$46,287
Program services expenses (Part IX)
$510,000
Management and general expenses
$67,558
Fundraising expenses
$77,418
Program service expenses (Part III)
$510,000

Program services were 77.9% 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

    $284,963

  • 1f · All other contributions, gifts and grants

    $310,108

  • 3 · Investment income

    total $577 · excluded $577

  • 8a · Fundraising events: gross income

    $429,793

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

    $284,963

  • 8b · Fundraising events: direct expenses

    $393,840

  • 8c · Net income from fundraising events

    total $35,953 · excluded $35,953

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $510,000 · program services $510,000

  • 11c · Fees: accounting

    total $13,125 · management and general $13,125

  • 11g · Fees: other

    total $16,500 · management and general $16,500

  • 12 · Advertising and promotion

    total $32,000 · fundraising $32,000

  • 13 · Office expenses

    total $30,681 · management and general $30,681

  • 23 · Insurance

    total $2,311 · management and general $2,311

  • 24a · Other expenses: EVENTS

    total $17,486 · fundraising $17,486

  • 24b · Other expenses: BANK CHARGES

    total $14,930 · fundraising $14,930

  • 24c · Other expenses: COST OF MERCHANDISE

    total $13,002 · fundraising $13,002

  • 24d · Other expenses: PRINTING AND PUBLICATIO

    total $4,941 · management and general $4,941

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $69,662 · end of year $46,287

  • 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 $69,662 · end of year $46,287

Mission and programs · 2023

Mission

THE FOLDS OF HONOR EASTERN PA-NJ CHAPTER'S MISSION IS TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR THE SPOUSES AND CHILDREN (DEPENDENTS) OF OUR COUNTRY'S FALLEN AND WOUNDED SERVICE MEMBERS. AS A STATE CHAPTER OF THE FOLDS OF HONOR FOUNDATION, THE FOLDS OF HONOR EASTERN PA-NJ CHAPTER IS TO ENGAGE IN ACTIVITIES TO DEVELOP AWARENESS FOR THE ORGANIZATION AND TO PROVIDE FINANCIAL SUPPORT TO THE FOUNDATION.

Activities or mission (Part I)

TO RAISE FUNDS FOR THE FOLDS OF HONOR FOUNDATION WHICH PROVIDES EDUCATIONAL SCHOLARSHIPS FOR THE SPOUSES AND DEPENDENTS OF AMERICA'S FALLEN AND DISABLED SERVICE MEMBERS.

  • THE EASTERN PA-NJ CHAPTER ENGAGES IN ACTIVITIES TO CREATE AWARENESS AND PROVIDE FINANCIAL SUPPORT FOR THE NATIONAL ORGANIZATION'S 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 $510,000 · Grants $510,000

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

Listed in Part VII

  • John Hatch Borneman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • George Morrison

    CHAPTER ATTORNEY & VP

    Total calculated
    $0
    Hours/week
    3

  • Matt Kardish

    TREASURER & DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Andy Donelson

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Gary Bender

    SPONSORS & PTP DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Norm Cross

    AB RELATIONSHIP DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Kevin Edwards

    GOLF LIAISON & DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Michele Daly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • George Doyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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
5 November 2024
IRS schema version
2023v5.1
Source object
202403179349305505

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