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← FOLDS OF HONOR FOUNDATION

Form 990 for tax year 2022

Filed by FOLDS OF HONOR FOUNDATION.

Totals

Total revenue
$300,478
Total expenses
$299,771
Contributions and grants received
$37,949
Grants paid
$282,088
Program service revenue
$0
Investment income
$0
Other revenue
$262,529
Total assets, end of year
$24,725
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$24,725
Program services expenses (Part IX)
$299,338
Management and general expenses
$433
Fundraising expenses
$0
Program service expenses (Part III)
$299,338

Program services were 99.9% 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.

  • 1f · All other contributions, gifts and grants

    $37,949

  • 8a · Fundraising events: gross income

    $343,922

  • 8b · Fundraising events: direct expenses

    $76,202

  • 8c · Net income from fundraising events

    total $267,720

  • 10a · Gross sales of inventory

    $2,196

  • 10b · Cost of goods sold

    $7,387

  • 10c · Net income from sales of inventory

    total -$5,191

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $282,088 · program services $282,088

  • 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

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $320 · management and general $320

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 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 $0

  • 24a · Other expenses: BANK FEES

    total $113 · management and general $113

  • 24b · Other expenses: EVENTS

    total $17,250 · program services $17,250

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,018 · end of year $24,725

  • 27 · Net assets without donor restrictions

    beginning of year $24,018 · end of year $24,725

Mission and programs · 2022

Mission

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

  • Folds of Honor, Motor City Chapter, provides the national organization with grant funds that provide recipients with higher educaiton scholarships and childrens funds scholarships for spouse and dependents of service members killed in action, 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 costs of tuition, schoolbooks, fees, on campus room and board, approved educational tutoring, and other approved educational expenses.

    Expenses $299,338 · Grants $282,088

As filed on the 2022 return.

Listed in Part VII

  • Russell Bruner III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • John Pelletier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Brian Vella

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Matthew Newcomb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • William Flohr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Ryan Silva

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Matt Hemmelgarn

    TREAUSRER

    Total calculated
    $0
    Hours/week
    5
  • Russell Bruner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Jake Powers

    TREASURER

    Total calculated
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

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

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

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2023
IRS schema version
2022v5.0
Source object
202341169349301214

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