Skip to content
Nonprofiteer
← FOLDS OF HONOR FOUNDATION

Form 990 for tax year 2023

Filed by FOLDS OF HONOR FOUNDATION.

Totals

Total revenue
$4,177,360
Total expenses
$3,149,024
Contributions and grants received
$4,586,820
Grants paid
$3,000,000
Program service revenue
$0
Investment income
$246,200
Other revenue
-$655,660
Total assets, end of year
$6,141,889
Total liabilities, end of year
$3,205,443
Net assets or fund balances, end of year
$2,936,446
Program services expenses (Part IX)
$3,000,000
Management and general expenses
$16,353
Fundraising expenses
$132,671
Program service expenses (Part III)
$3,000,000

Program services were 95.3% 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

    $3,923,207

  • 1f · All other contributions, gifts and grants

    $663,613

  • 3 · Investment income

    total $183,495 · excluded $183,495

  • 7a · Gross sales of assets other than inventory

    securities $132,276

  • 7b · Less cost or other basis and sales expenses

    securities $69,571

  • 7c · Gain or loss

    securities $62,705

  • 7d · Net gain or loss

    total $62,705 · related or exempt $62,705

  • 8a · Fundraising events: gross income

    $1,352,367

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

    $3,923,207

  • 8b · Fundraising events: direct expenses

    $2,012,992

  • 8c · Net income from fundraising events

    total -$660,625

  • 11a · Other revenue: MISCELLANEOUS

    total $4,965 · excluded $4,965

  • 11e · Other revenue, total

    $4,965

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,000,000 · program services $3,000,000

  • 11c · Fees: accounting

    total $3,215 · management and general $3,215

  • 11g · Fees: other

    total $25,000 · fundraising $25,000

  • 13 · Office expenses

    total $13,532 · management and general $13,138 · fundraising $394

  • 17 · Travel

    total $30,747 · fundraising $30,747

  • 23 · Insurance

    total $2,992 · fundraising $2,992

  • 24a · Other expenses: EVENT EXPENSES

    total $37,890 · fundraising $37,890

  • 24b · Other expenses: SPEAKING FEES

    total $35,648 · fundraising $35,648

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $847,283 · end of year $364,522

  • 2 · Savings and temporary cash investments

    beginning of year $4,168,695 · end of year $5,289,538

  • 4 · Accounts receivable

    end of year $456,254

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,750 · end of year $31,575

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,065,677 · end of year $3,205,443

  • 27 · Net assets without donor restrictions

    beginning of year $1,970,051 · end of year $2,936,446

Mission and programs · 2023

Mission

RAISING FUNDS FOR THE FOLDS OF HONOR FOUNDATION.

  • THE FRIENDS OF THE FOLDS OF HONOR FOUNDATION WAS FORMED TO HOLD AN ANNUAL DINNER IN SUPPORT OF THE FOLDS OF HONOR FOUNDATION. THE FRIENDS OF THE FOLDS OF HONOR FOUNDATION WILL ALSO ACCEPT CONTRIBUTIONS FROM THE GENERAL PUBLIC. AFTER PAYING THE EXPENSES OF THE ANNUAL DINNER, THE REMAINING FUNDS WILL BE DONATED TO THE FOLDS OF HONOR FOUNDATION. ADDITIONALLY, THE FRIENDS OF THE FOLDS OF HONOR FOUNDATION MAY IN THE FUTURE DONATE TO OTHER MILITARY-ORIENTED CHARITIES.

    Expenses $3,000,000 · Grants $3,000,000

As filed on the 2023 return.

Listed in Part VII

  • Kelly Douglass

    PRESIDENT

    Total calculated
    $0

  • Lee E Harkleroad

    SECRETARY

    Total calculated
    $0

  • Stephen Haworth

    TREASURER

    Total calculated
    $0

  • Neil Shelton

    VICE PRESIDE

    Total calculated
    $0

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

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
13 November 2024
IRS schema version
2023v5.0
Source object
202403209349313210

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.