FOLDS OF HONOR FOUNDATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
FOLDS OF HONOR FOUNDATION (EIN 46-5531485)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-10-26
IRS object ID
202332999349301253
Schema version
2022v5.0
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)
Return2023-10-26T11:05:59-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Line1220 S 6TH STREET SUITE 300AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-10-24SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstROBERTPersonFirstNm
Person LastCRONPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMACKENZIE MCNAUGHTONPreparerPersonNm
PTINP02025805PTIN
Phone6123764500PhoneNum
Preparation2023-10-17PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

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$3,087,187GrossReceiptsAmt
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.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers30TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,376,252PYContributionsGrantsAmt
CY Contributions Grants$2,353,092CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$76,409PYInvestmentIncomeAmt
CY Investment Income$70,246CYInvestmentIncomeAmt
PY Other Revenue$591,458PYOtherRevenueAmt
CY Other Revenue-$483,951CYOtherRevenueAmt
PY Total Revenue$2,044,119PYTotalRevenueAmt
CY Total Revenue$1,939,387CYTotalRevenueAmt
PY Grants And Similar Paid$1,395,386PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,500,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$11,698PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$22,780CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,313CYTotalFundraisingExpenseAmt
PY Other Expenses$101,439PYOtherExpensesAmt
CY Other Expenses$281,288CYOtherExpensesAmt
PY Total Expenses$1,508,523PYTotalExpensesAmt
CY Total Expenses$1,804,068CYTotalExpensesAmt
PY Revenues Less Expenses$535,596PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$135,319CYRevenuesLessExpensesAmt
Total Assets BOY$1,228,819TotalAssetsBOYAmt
Total Assets EOY$1,186,272TotalAssetsEOYAmt
Total Liabilities BOY$1,920TotalLiabilitiesBOYAmt
Total Liabilities EOY$18,600TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,226,899NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,167,672NetAssetsOrFundBalancesEOYAmt
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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,647,559ExpenseAmt
Grant$1,500,000GrantAmt
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$1,647,559TotalProgramServiceExpensesAmt
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 Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
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
Employee0EmployeeCnt
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 Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
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 Line1PERRY SCHMIDTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9529135394PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1229 MINNETONKA AVE SOUTHAddressLine1Txt
CityWAYZATACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55391ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
PERRY SCHMIDT
PRESIDENT4.00Yes (X)Yes (X)$0$0$0
ANNE SCHMIDT
SECRETARY4.00Yes (X)Yes (X)$0$0$0
ROBERT CRON
TREASURER1.00Yes (X)Yes (X)$0$0$0
ROB HOLT
DIRECTOR1.00Yes (X)$0$0$0
CHRIS SCHWARTZBAUER
DIRECTOR1.00Yes (X)$0$0$0
JOHN POHLAD
DIRECTOR1.00Yes (X)$0$0$0
JOHN RUSSETT
DIRECTOR1.00Yes (X)$0$0$0
MATT FRAUENSHUH
DIRECTOR1.00Yes (X)$0$0$0
PAUL TAUNTON
DIRECTOR1.00Yes (X)$0$0$0
PETER BURWELL
DIRECTOR1.00Yes (X)$0$0$0
STEVE ANDERSON
DIRECTOR1.00Yes (X)$0$0$0
NEIL LOIDOLT
DIRECTOR1.00Yes (X)$0$0$0
JOHN RUSSET
DIRECTOR1.00Yes (X)$0$0$0
JAY TIBBETS
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
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 K0CntrctRcvdGreaterThan100KCnt
Fundraising$1,316,965FundraisingAmt
All Other Contributions$1,036,127AllOtherContributionsAmt
Noncash Contributions$5,647NoncashContributionsAmt
Total Contributions$2,353,092TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$22,817TotalRevenueColumnAmt
Exclusion$22,817ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$580,679SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$533,250SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$47,429SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$47,429TotalRevenueColumnAmt
Exclusion$47,429ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$130,599FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,316,965ContriRptFundraisingEventAmt
Fundraising Direct Expenses$614,550FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$483,951TotalRevenueColumnAmt
Exclusion-$483,951ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,939,387TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$413,705ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,500,000TotalAmt
Program Services$1,500,000ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$22,780TotalAmt
Program Services$22,780ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$862TotalAmt
Management And General$862ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$33,570TotalAmt
Management And General$33,570ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$88,906TotalAmt
Management And General$88,906ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$6,313TotalAmt
Fundraising$6,313FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$25,444TotalAmt
Program Services$131ProgramServicesAmt
Management And General$25,313ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,788TotalAmt
Program Services$3,788ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$5,136TotalAmt
Program Services$5,136ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$4,344TotalAmt
Program Services$4,344ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,040TotalAmt
Program Services$4,495ProgramServicesAmt
Management And General$1,545ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescEVENT EXPENSEDesc
Total$106,885TotalAmt
Program Services$106,885ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,804,068TotalAmt
Program Services$1,647,559ProgramServicesAmt
Management And General$150,196ManagementAndGeneralAmt
Fundraising$6,313FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$641,110BOYAmt
EOY$339,533EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$50,636BOYAmt
EOY$49,052EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,483BOYAmt
EOY$2,331EOYAmt
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$534,590BOYAmt
EOY$795,356EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,228,819BOYAmt
EOY$1,186,272EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,920BOYAmt
EOY$18,600EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,920BOYAmt
EOY$18,600EOYAmt
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$1,226,899BOYAmt
EOY$1,167,672EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,226,899BOYAmt
EOY$1,167,672EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,228,819BOYAmt
EOY$1,186,272EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$135,319ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$194,546NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
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$630,732CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$826,016CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$925,781CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,376,252CurrentTaxYearMinus1YearAmt
Current Tax Year$2,340,625CurrentTaxYearAmt
Total$6,099,406TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$630,732CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$826,016CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$925,781CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,376,252CurrentTaxYearMinus1YearAmt
Current Tax Year$2,340,625CurrentTaxYearAmt
Total$6,099,406TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$968,232SubstantialContributorsTotAmt
Public Support Total170$5,131,174PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$50,549CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$79,914CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$76,409CurrentTaxYearMinus1YearAmt
Current Tax Year$70,246CurrentTaxYearAmt
Total$277,118TotalAmt
FieldValueIRS element (for citing)
Total Support$6,376,524TotalSupportAmt
Gross Receipts Rltd Activities$2,223,212GrossReceiptsRltdActivitiesAmt
Public Support CY1700.80470PublicSupportCY170Pct
Public Support PY1700.77160PublicSupportPY170Pct
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$2,460,903TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$194,546NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$101,515DonatedServicesAndUseFcltsAmt
Other Revenue$614,547OtherRevenueAmt
Revenue Not Reported$521,516RevenueNotReportedAmt
Revenue Subtotal$1,939,387RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,939,387TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,520,133TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$101,515DonatedServicesUseFcltsAmt
Other Expenses Included$614,550OtherExpensesIncludedAmt
Expenses Not Reported$716,065ExpensesNotReportedAmt
Expenses Subtotal$1,804,068ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,804,068TotalExpensesPerForm990Amt

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, 2022 AND 2021, 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 2019. INTEREST AND PENALTIES ARE CLASSIFIED AS EXPENSE AS INCURRED.
PART XI, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 614,550. ROUNDING -3.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 614,550.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Email SolicitationsYes (X)EmailSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd
Licensed StatesMNLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1WINGMAN OPEN GOLF EVENTEvent1Nm
Gross Receipts Event1$659,516GrossReceiptsEvent1Amt
Charitable Contri Event1$551,516CharitableContriEvent1Amt
Gross Revenue Event1$108,000GrossRevenueEvent1Amt
Cash Prizes Event1$800CashPrizesEvent1Amt
Non Cash Prizes Event1$200NonCashPrizesEvent1Amt
Rent Facility Costs Event1$72,000RentFacilityCostsEvent1Amt
Food And Beverage Event1$10,454FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$141,606OtherDirectExpensesEvent1Amt
Event2PATRIOT CONCERTEvent2Nm
Gross Receipts Event2$499,023GrossReceiptsEvent2Amt
Charitable Contri Event2$493,523CharitableContriEvent2Amt
Gross Revenue Event2$5,500GrossRevenueEvent2Amt
Rent Facility Costs Event2$115,320RentFacilityCostsEvent2Amt
Food And Beverage Event2$26,605FoodAndBeverageEvent2Amt
Entertainment Event2$158,120EntertainmentEvent2Amt
Other Direct Expenses Event2$53,853OtherDirectExpensesEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$289,025GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$271,926CharitableContriOtherEventsAmt
Gross Revenue Other Events$17,099GrossRevenueOtherEventsAmt
Cash Prizes Other Events$69CashPrizesOtherEventsAmt
Non Cash Prizes Other Events$5,956NonCashPrizesOtherEventsAmt
Rent Fclty Costs Other Events$13,269RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$12,997FoodAndBeverageOtherEventsAmt
Entertainment Other Events$3,301EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$0OthDirectExpnssOtherEventsAmt
Gross Receipts Total$1,447,564GrossReceiptsTotalAmt
Charitable Contributions Tot$1,316,965CharitableContributionsTotAmt
Gross Revenue Total Events$130,599GrossRevenueTotalEventsAmt
Cash Prizes Total Events$869CashPrizesTotalEventsAmt
Non Cash Prizes Total Events$6,156NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$200,589RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$50,056FoodAndBeverageTotalEventsAmt
Entertainment Total Events$161,421EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$195,459OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$614,550DirectExpenseSummaryEventsAmt
Net Income Summary-$483,951NetIncomeSummaryAmt

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$0CashGrantAmt
Non Cash Assistance$1,500,000NonCashAssistanceAmt
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 (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2PERRY AND ANNE SCHMIDT - FAMILY RELATIONSHIP
FORM 990, PART VI, SECTION A, LINE 3LAYNE TROUT - LM TROUT ENTERPRISES. PROVIDED EVENT PLANNING AND BUSINESS SERVICES TO FOLDS OF HONOR MN AS A CONTRACTOR. TOTAL AMOUNT PAID TO LAYNE TROUT WAS $55,819 IN 2022.
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 2022
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 VIII, LINE 8C:IN 2022, FOHF RECEIVED $1,447,565 IN RECEIPTS FROM FUNDRAISING EVENTS, WITH $614,550 IN RELATED EXPENSES. OF THE $1,447,565 IN RECEIPTS, EVENT ATTENDEES RECEIVED A TOTAL FMV OF $130,600 FOOD, ENTERTAINMENT, AND OTHER HOSPITALITY. IN ACCORDANCE TO THE IRS'S INSTRUCTIONS ON FORM 990 SCHEDULE G, FOHF REVISED THE CALCULATION ON FORM 990, PART VIII, LINE 8C TO ONLY INCLUDE $130,600 AS GROSS FUNDRAISING INCOME WITH RELATED EXPENSES OF $614,550, RESULTING IN A NET FUNDRAISING LOSS OF $483,951 IN 2022. THE REMAINING $1,316,965 IN RECEIPTS IS INCLUDED ON FORM 990, PART VIII, LINE 1C AS FUNDRAISING CONTRIBUTIONS.

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
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$1,500,000CASH - WIRE TRANSFERS
FOLDS OF HONOR FOUNDATION - OK
O$101,515DIRECT PAYROLL

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