Folds Of Honor Foundation

Organization Overview

Folds Of Honor Foundation is located in Inverness, IL. The organization was established in 2015. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Folds 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 12/2021, Folds Of Honor Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 32.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RAISING FUNDS FOR THE FOLDS OF HONOR FOUNDATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FRIENDS OF THE FOLDS OF HONOR FOUNDATION WAS FORMED TO HOLD AN ANNUAL DINNER IN SUPPORT OF THE FOLDS OF HONOR FOUNDATION. THE FRIENDS OF THE FOLDS OF HONOR FOUNDATION WILL ALSO ACCEPT CONTRIBUTIONS FROM THE GENERAL PUBLIC. AFTER PAYING THE EXPENSES OF THE ANNUAL DINNER, THE REMAINING FUNDS WILL BE DONATED TO THE FOLDS OF HONOR FOUNDATION. ADDITIONALLY, THE FRIENDS OF THE FOLDS OF HONOR FOUNDATION MAY IN THE FUTURE DONATE TO OTHER MILITARY-ORIENTED CHARITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Lee E Harkleroad
Secretary
$0
Stephen Haworth
Treasurer
$0
Neil Shelton
Vice Preside
$0
Kelly Douglass
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$750,338
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$389,629
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,139,967
Total Program Service Revenue$0
Investment income $261
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,796
Net Income from Fundraising Events $2,626,935
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,777,822

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Folds Of Honor Foundation has recieved totaling $136,622.

Awarding OrganizationAmount
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$85,000
Gulf Coast Community Foundation Inc

Venice, FL

PURPOSE: EDUCATION

$13,400
Catholic Community Foundation Of Minnesota

St Paul, MN

PURPOSE: GENERAL OPERATING

$11,667
The Fjk Private Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$10,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$6,184
Sam & Mildred Mulay Foundation

Roselle, IL

PURPOSE: SCHOLARSHIPS

$5,000
View Grant Recipient Profile

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