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Nonprofiteer
← FOLDS OF HONOR FOUNDATION

Form 990 for tax year 2022

Filed by FOLDS OF HONOR FOUNDATION.

Totals

Total revenue
$1,410,124
Total expenses
$1,515,678
Contributions and grants received
$429,284
Grants paid
$1,494,596
Program service revenue
$0
Investment income
$31
Other revenue
$980,809
Total assets, end of year
$248,467
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$248,467
Program services expenses (Part IX)
$1,494,596
Management and general expenses
$21,082
Fundraising expenses
$0
Program service expenses (Part III)
$1,494,596

Program services were 98.6% 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

    $429,284

  • 3 · Investment income

    total $31 · excluded $31

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $1,356,281

  • 8b · Fundraising events: direct expenses

    $375,472

  • 8c · Net income from fundraising events

    total $980,809

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,494,596 · program services $1,494,596

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $356 · management and general $356

  • 12 · Advertising and promotion

    total $17,056 · management and general $17,056

  • 13 · Office expenses

    total $826 · management and general $826

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $840 · management and general $840

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $1,782 · management and general $1,782

  • 24a · Other expenses: BANK FEES

    total $172 · management and general $172

  • 24b · Other expenses: MISCELLANEOUS

    total $50 · management and general $50

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $354,021 · end of year $248,467

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $354,021 · end of year $248,467

Mission and programs · 2022

Mission

To fund educational scholarships for the dependents of fallen and disabled active duty military service members

Activities or mission (Part I)

To raise funds for the Folds of Honor Foundations which provides financial assistance for education to spouses and children of Americas fallen and disabled service members.

  • Folds of Honor Tennessee 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 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 $1,494,596

As filed on the 2022 return.

Listed in Part VII

  • Christopher King

    Director

    Total calculated
    $0
    Hours/week
    1
  • Damian Novak

    Director

    Total calculated
    $0
    Hours/week
    1
  • Lisa Norris

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Robbie Goldsmith

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Enzo Devincenzo

    Director

    Total calculated
    $0
    Hours/week
    1
  • Scott Bailey

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Matt Frauenshuh

    President

    Total calculated
    $0
    Hours/week
    1
  • Sean Gleason

    Director

    Total calculated
    $0
    Hours/week
    1
  • John Clement

    Director

    Total calculated
    $0
    Hours/week
    1
  • Bill Hawkins

    Director

    Total calculated
    $0
    Hours/week
    1
  • Scot Benson

    Director

    Total calculated
    $0
    Hours/week
    1
  • Gary Frazier

    Director

    Total calculated
    $0
    Hours/week
    1
  • Richard Todd

    Director

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202333119349300148

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

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