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Nonprofiteer
← FOLDED FLAG FOUNDATION INC

Form 990 for tax year 2023

Filed by FOLDED FLAG FOUNDATION INC.

Totals

Total revenue
$4,859,750
Total expenses
$4,968,340
Contributions and grants received
$4,423,239
Grants paid
$4,113,258
Program services expenses (Part IX)
$4,289,069
Management and general expenses
$141,007
Fundraising expenses
$538,264
Program service expenses (Part III)
$4,289,069

Program services were 86.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • WILLIAM P FOLEY II

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • FRED SCHREMP

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    8
  • PETER SADOWSKI

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • BRYAN COY

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • PETER BRUAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • MICHELLE KERSCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • MICHAEL OATES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • RANDALL M PAIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • THOMAS A SCHWARTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • MICHAEL W SHELTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • JAMES B STALLINGS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • CHRIS AZUR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • FRANK R MARTIRE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • PHIL DISMUKES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • ANTHONY JABBOUR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • PAUL KERN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • KIRK LARSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • JAMES WOODALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • CRAIG BARBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • KIM FRANK

    PRESIDENT

    Total calculated
    $259,615
    From this org
    $0
    From related orgs
    $259,615
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $219,615 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $259,615 related
  • ERIKA MEINHARDT

    TRUSTEE

    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 — 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

None.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202413049349300121

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