Medal Of Honor Foundation Inc
- Assets
- $7.3m
- Revenue
- $928.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Mt Pleasant, SC
- Founding
- 05/1999
- Data as of
- 12/2022
- EIN
- 25-1828488
Organization Overview
Medal Of Honor Foundation Inc, operating under the name Congressional Medal Of Honor Foundation, is located in Mt Pleasant, SC. The organization was established in 1999. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Congressional Medal Of Honor Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Congressional Medal Of Honor Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Congressional Medal Of Honor Foundation generated $928.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PERPETUATE THE MEDAL OF HONOR'S LEGACY OF COURAGE, SACRIFICE, AND PATRIOTISM AND SUPPORT THE OPERATIONS AND PROGRAMS OF THE CONGRESSIONAL MEDAL OF HONOR SOCIETY OF THE UNITED STATES OF AMERICA, INCLUDING THE PUBLIC SERVICE ACTIVITIES OF MEDAL OF HONOR RECIPIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE LEGACY OF THE MEDAL OF HONOR AND ITS RECIPIENTS THROUGH PUBLIC RECOGNITION OF THE COURAGE AND SACRIFICE OF AMERICAN SERVICEMEN. FOR 2022, 90% OF ALL EXPENSES WERE INCURRED TO SUPPORT THE PROGRAMS AND MISSION OF THE MEDAL OF HONOR FOUNDATION AND THE CONGRESSIONAL MEDAL OF HONOR SOCIETY.
PROVIDE GRANTS TO THE CONGRESSIONAL MEDAL OF HONOR SOCIETY IN SUPPORT OF THEIR PROGRAMS AND OPERATIONS.
FACILITATE OPPORTUNITIES FOR MEDAL OF HONOR RECIPIENTS TO PERFORM COMMUNITY OUTREACH AND SHARE THEIR INSPIRATIONAL MESSAGES WITH OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Fritz Director | Trustee | 2 | $0 |
William Swenson Director | Trustee | 2 | $0 |
Mike Thornton Director | Trustee | 2 | $0 |
Matthew Williams Director | Trustee | 2 | $0 |
David J Mcintyre Jr Chairman | OfficerTrustee | 2 | $0 |
Leroy Petry Vice Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $894,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $894,008 |
| Total Program Service Revenue | $0 |
| Investment income | $214,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$185,086 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,199 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $928,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,799,207 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,481 |
| Fees for services: Other | $75,512 |
| Advertising and promotion | $0 |
| Office expenses | $4,612 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,879 |
| Travel | $52,625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,102 |
| All other expenses | $0 |
| Total functional expenses | $3,269,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,089,412 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,408 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,860 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,991,195 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $164,630 |
| Total assets | $7,271,505 |
| Accounts payable and accrued expenses | $13,629 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,629 |
| Net assets without donor restrictions | $5,053,523 |
| Net assets with donor restrictions | $2,204,353 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,271,505 |
Grants Awarded
Over the last fiscal year, Medal Of Honor Foundation Inc has awarded $1,050,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CONGRESSIONAL MEDAL OF HONOR SOCIETY PURPOSE: TO SUPPORT THE OPERATIONS AND PROGRAMS OF THE MEDAL OF HONOR SOCIETY | $950,000 |
FRIENDS OF MEDAL OF HONOR GROVE PURPOSE: TO SUPPORT THE OPERATIONS AND PROGRAMS OF THE ORGANIZATION | $50,000 |
FREEDOMS FOUNDATION AT VALLEY FORGE PURPOSE: TO SUPPORT THE OPERATIONS AND PROGRAMS OF THE ORGANIZATION | $50,000 |