FOLDS OF HONOR FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FOLDS OF HONOR FOUNDATION (EIN 46-5531485)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-12
IRS object ID
202423179349305102
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-12T12:28:39-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18215 GREENWAY BOULEVARD SUITE 600AddressLine1Txt
CityMIDDLETONCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53562ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN465531485EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FOLDS OF HONOR FOUNDATIONBusinessNameLine1Txt
Business Name Line2MINNESOTA INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFOLDBusinessNameControlTxt
Phone9529135394PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1229 MINNETONKA AVE S PO BOX 723AddressLine1Txt
CityWAYZATACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55391ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT CRONPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9529135394PhoneNum
Signature2024-11-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKIMBERLY ANDERSONPreparerPersonNm
PTINP00188889PTIN
Phone6086628600PhoneNum
Preparation2024-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROBERT CRONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1229 MINNETONKA AVE S PO BOX 723AddressLine1Txt
CityWAYZATACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55391ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,960,021GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTP://MINNESOTA.FOLDSOFHONOR.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionRAISE FUNDS FOR FOLDS OF HONOR FOUNDATION TO ASSIST FAMILIES OF FALLEN & DISABLED SERVICE MEMBERS AND DEPENDENTS OF FIRST RESPONDERS (PEACE OFFICERS, EMTS, AND FIRE FIGHTERS)ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Volunteers30TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,353,092PYContributionsGrantsAmt
CY Contributions Grants$1,752,722CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$70,246PYInvestmentIncomeAmt
CY Investment Income$56,928CYInvestmentIncomeAmt
PY Other Revenue-$483,951PYOtherRevenueAmt
CY Other Revenue$24,144CYOtherRevenueAmt
PY Total Revenue$1,939,387PYTotalRevenueAmt
CY Total Revenue$1,833,794CYTotalRevenueAmt
PY Grants And Similar Paid$1,500,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,455,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$22,780PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$107,148CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$33,454CYTotalFundraisingExpenseAmt
PY Other Expenses$281,288PYOtherExpensesAmt
CY Other Expenses$256,039CYOtherExpensesAmt
PY Total Expenses$1,804,068PYTotalExpensesAmt
CY Total Expenses$1,818,187CYTotalExpensesAmt
PY Revenues Less Expenses$135,319PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$15,607CYRevenuesLessExpensesAmt
Total Assets BOY$1,186,272TotalAssetsBOYAmt
Total Assets EOY$1,296,550TotalAssetsEOYAmt
Total Liabilities BOY$18,600TotalLiabilitiesBOYAmt
Total Liabilities EOY$13,069TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,167,672NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,283,481NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE FOLDS OF HONOR FOUNDATION IS RALLYING A NATION TO ENSURE NO FAMILY IS LEFT BEHIND IN THE FIGHT TO PRESERVE AMERICAN FREEDOM. THROUGH SCHOLARSHIPS AND OTHER ASSISTANCE, WE GIVE BACK TO THE SPOUSES AND CHILDREN OF SOLDIERS KILLED OR DISABLED IN SERVICE TO OUR COUNTRY. WE PROVIDE HEALING, HOPE AND AN OPPORTUNITY FOR DREAMS TO BE REALIZED WITH THE SUPPORT OF PEOPLE LIKE YOU. WE FEEL THIS IS OUR DUTY AS CITIZENS OF THE GREATEST COUNTRY IN THE WORLD.MissionDesc
Significant New Program SrvcYes (1)SignificantNewProgramSrvcInd
Significant ChangeYes (1)SignificantChangeInd
Expense$1,586,696ExpenseAmt
Grant$1,455,000GrantAmt
Revenue$0RevenueAmt
DescTHE FOLDS OF HONOR FOUNDATION IS RALLYING A NATION TO ENSURE NO FAMILY IS LEFT BEHIND IN THE FIGHT TO PRESERVE AMERICAN FREEDOM. THROUGH SCHOLARSHIPS AND OTHER ASSISTANCE, WE GIVE BACK TO THE SPOUSES AND CHILDREN OF SOLDIERS KILLED OR DISABLED IN SERVICE TO OUR COUNTRY. WE PROVIDE HEALING, HOPE AND AN OPPORTUNITY FOR DREAMS TO BE REALIZED WITH THE SUPPORT OF PEOPLE LIKE YOU. WE FEEL THIS IS OUR DUTY AS CITIZENS OF THE GREATEST COUNTRY IN THE WORLD.Desc
Total Program Service Expenses$1,586,696TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee3EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MATT BRUNSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6122961309PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1229 MINNETONKA AVE S PO BOX 723AddressLine1Txt
CityWAYZATACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55391ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JOHN RUSSETT TERM EXPIRED 623
PRESIDENT4.00Yes (X)Yes (X)$0$0$0
PERRY SCHMIDT STARTING 623
PRESIDENT4.00Yes (X)Yes (X)$0$0$0
JAY TIBBETS
VICE PRESIDENT4.00Yes (X)Yes (X)$0$0$0
BOB CRON
TREASURER1.00Yes (X)Yes (X)$0$0$0
KAM KIELHORN
SECRETARY1.00Yes (X)Yes (X)$0$0$0
JOHN POHLAD
DIRECTOR1.00Yes (X)$0$0$0
CHRIS SCHWARTZBAUER
DIRECTOR1.00Yes (X)$0$0$0
NEAL LOIDOLT
DIRECTOR1.00Yes (X)$0$0$0
SCOTT NYGAARD
DIRECTOR1.00Yes (X)$0$0$0
LYNN PLASCHKO
DIRECTOR1.00Yes (X)$0$0$0
MIKE WALLACE
DIRECTOR1.00Yes (X)$0$0$0
DAVID BARBEROT
DIRECTOR1.00Yes (X)$0$0$0
ROGER MALDONADO
DIRECTOR1.00Yes (X)$0$0$0
MITCH DAY
DIRECTOR1.00Yes (X)$0$0$0
STEVE ANDERSON
DIRECTOR1.00Yes (X)$0$0$0
ROB HOLT
DIRECTOR1.00Yes (X)$0$0$0
MATT BRUNS
EXECUTIVE DIRECTOR40.00Yes (X)$81,666$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$81,666TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Fundraising$986,479FundraisingAmt
All Other Contributions$766,243AllOtherContributionsAmt
Noncash Contributions$1,093NoncashContributionsAmt
Total Contributions$1,752,722TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$53,964TotalRevenueColumnAmt
Exclusion$53,964ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$328,506SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$325,542SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$2,964SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,964TotalRevenueColumnAmt
Exclusion$2,964ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$824,829FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$986,479ContriRptFundraisingEventAmt
Fundraising Direct Expenses$800,685FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$24,144TotalRevenueColumnAmt
Exclusion$24,144ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,833,794TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$81,072ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,455,000TotalAmt
Program Services$1,455,000ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$107,148TotalAmt
Program Services$107,148ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$38,620TotalAmt
Management And General$38,620ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$117,331TotalAmt
Management And General$117,331ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$11,508TotalAmt
Fundraising$11,508FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$37,290TotalAmt
Management And General$37,290ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,796TotalAmt
Management And General$4,796ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$5,245TotalAmt
Program Services$5,245ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$13,649TotalAmt
Program Services$13,649ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,654TotalAmt
Program Services$5,654ProgramServicesAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescEVENT EXPENSEDesc
Total$21,946TotalAmt
Fundraising$21,946FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,818,187TotalAmt
Program Services$1,586,696ProgramServicesAmt
Management And General$198,037ManagementAndGeneralAmt
Fundraising$33,454FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$339,533BOYAmt
EOY$282,322EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$49,052BOYAmt
EOY$138,310EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,331BOYAmt
EOY$56,556EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,129LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,129LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$795,356BOYAmt
EOY$819,362EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,186,272BOYAmt
EOY$1,296,550EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$18,600BOYAmt
EOY$13,069EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$18,600BOYAmt
EOY$13,069EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$1,167,672BOYAmt
EOY$1,283,481EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,167,672BOYAmt
EOY$1,283,481EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,186,272BOYAmt
EOY$1,296,550EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$15,607ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$100,202NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$826,016CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$925,781CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,376,252CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,340,625CurrentTaxYearMinus1YearAmt
Current Tax Year$1,752,722CurrentTaxYearAmt
Total$7,221,396TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$826,016CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$925,781CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,376,252CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,340,625CurrentTaxYearMinus1YearAmt
Current Tax Year$1,752,722CurrentTaxYearAmt
Total$7,221,396TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,504,912SubstantialContributorsTotAmt
Public Support Total170$5,716,484PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$50,549CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$79,914CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$76,409CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70,246CurrentTaxYearMinus1YearAmt
Current Tax Year$53,964CurrentTaxYearAmt
Total$331,082TotalAmt
FieldValueIRS element (for citing)
Total Support$7,552,478TotalSupportAmt
Gross Receipts Rltd Activities$2,761,630GrossReceiptsRltdActivitiesAmt
Public Support CY1700.75690PublicSupportCY170Pct
Public Support PY1700.80470PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,129OtherCostOrOtherBasisAmt
Depreciation$3,129DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,894,043TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$100,202NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$159,362DonatedServicesAndUseFcltsAmt
Other Revenue$800,685OtherRevenueAmt
Revenue Not Reported$1,060,249RevenueNotReportedAmt
Revenue Subtotal$1,833,794RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,833,794TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,778,234TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$159,362DonatedServicesUseFcltsAmt
Other Expenses Included$800,685OtherExpensesIncludedAmt
Expenses Not Reported$960,047ExpensesNotReportedAmt
Expenses Subtotal$1,818,187ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,818,187TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (THE CODE) AND COMPARABLE STATE LAW, AND CONTRIBUTIONS TO IT ARE TAX DEDUCTIBLE WITHIN THE LIMITATIONS PRESCRIBED BY THE CODE. DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2020. INTEREST AND PENALTIES ARE CLASSIFIED AS EXPENSE AS INCURRED.
PART XI, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 800,685. ROUNDING
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 800,685.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1PATRIOT CONCERTEvent1Nm
Gross Receipts Event1$793,146GrossReceiptsEvent1Amt
Charitable Contri Event1$332,499CharitableContriEvent1Amt
Gross Revenue Event1$460,647GrossRevenueEvent1Amt
Non Cash Prizes Event1$4,982NonCashPrizesEvent1Amt
Food And Beverage Event1$1,116FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$341,753OtherDirectExpensesEvent1Amt
Event2WINGMAN OPEN GOLF EVENTEvent2Nm
Gross Receipts Event2$615,875GrossReceiptsEvent2Amt
Charitable Contri Event2$365,167CharitableContriEvent2Amt
Gross Revenue Event2$250,708GrossRevenueEvent2Amt
Non Cash Prizes Event2$5,030NonCashPrizesEvent2Amt
Other Direct Expenses Event2$277,148OtherDirectExpensesEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$402,287GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$288,813CharitableContriOtherEventsAmt
Gross Revenue Other Events$113,474GrossRevenueOtherEventsAmt
Non Cash Prizes Other Events$108NonCashPrizesOtherEventsAmt
Food And Beverage Other Events$34,352FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events$136,196OthDirectExpnssOtherEventsAmt
Gross Receipts Total$1,811,308GrossReceiptsTotalAmt
Charitable Contributions Tot$986,479CharitableContributionsTotAmt
Gross Revenue Total Events$824,829GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$10,120NonCashPrizesTotalEventsAmt
Food And Beverage Total Events$35,468FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$755,097OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$800,685DirectExpenseSummaryEventsAmt
Net Income Summary$24,144NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1FOLDS OF HONOR NATIONALBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1401 CONGRESS AVENUE SUITE 3050AddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78701ZIPCd
FieldValueIRS element (for citing)
Recipient EIN753240683RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$1,455,000CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Valuation Method UsedN/AValuationMethodUsedDesc
Non Cash AssistanceN/ANonCashAssistanceDesc
Purpose Of GrantEDUCATIONAL SCHOLARSHIPSPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationFOLDS OF HONOR MINNESOTA IS A CHAPTER OF THE FOLDS OF HONOR NATIONAL ORGANIZATION. GRANTS AND ASSISTANCE ARE FORWARDED DIRECTLY TO THE NATIONAL ORGANIZATION, AND SCHOLARSHIPS AND AWARDS ARE ISSUED THROUGH THE NATIONAL ORGANIZATION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 2THE ADDITION OF FIRST RESPONDERS SPOUSES AND CHILDREN AS RECIPIENTS OF EDUCATIONAL SCHOLARSHIPS.
FORM 990, PART III, LINE 3THE ADDITION OF FIRST RESPONDERS SPOUSES AND CHILDREN AS RECIPIENTS OF EDUCATIONAL SCHOLARSHIPS.
FORM 990, PART VI, SECTION A, LINE 1ATHE EXECUTIVE COMMITTEE IS MADE UP OF THE BOARD OF DIRECTORS PRESIDENT, VICE PRESIDENT, TREASURER AND STANDING BOARD MEMBER.
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND WAS REVIEWED AND APPROVED BY THE BOARD PRESIDENT. A COPY WAS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CIN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST OR FIDUCIARY RESPONSIBILITY AND ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENTS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST OR FIDUCIARY RESPONSIBILITY AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, IF REQUESTED, HE OR SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINAL DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION AND BONUSES OF THE EMPLOYEE ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. SALARY IS ESTABLISHED BASED ON THE COMPARATIVE DATA. ALL RELEVANT INFORMATION IS DOCUMENTED IN THE MINUTES OF THE MEETING. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023.
FORM 990, PART VI, SECTION C, LINE 19THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2CNO CHANGE IN PROCESS FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1FOLDS OF HONOR FOUNDATION - OKBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line19500 NORTH 129TH EAST AVE SUITE 235AddressLine1Txt
CityOWASSOCityNm
State AbbreviationOKStateAbbreviationCd
ZIP74055ZIPCd
FieldValueIRS element (for citing)
EIN753240683EIN
Primary ActivitiesNON-PROFITPrimaryActivitiesTxt
Legal Domicile StateOKLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 7PublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
FOLDS OF HONOR FOUNDATION - OK
B$1,455,000CASH - WIRE TRANSFERS
FOLDS OF HONOR FOUNDATION - OK
O$159,362DIRECT PAYROLL

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.