Folds Of Honor Foundation

Organization Overview

Folds Of Honor Foundation is located in Wayzata, MN. 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 $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 20.1% 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

TO RAISE FUNDS FOR THE FOLDS OF HONOR FOUNDATION WHICH PROVIDES FINANCIAL ASSISTANCE FOR EDUCATION TO SPOUSES AND CHILDREN OF AMERICA'S FALLEN AND DISABLED SERVICE MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE 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.


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Board, Officers & Key Employees

Name (title)Compensation
Perry Schmidt
President
$0
Anne Schmidt
Secretary
$0
Robert Cron
Treasurer
$0
Rob Holt
Director
$0
Chris Schwartzbauer
Director
$0
John Russett
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$372,068
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,004,184
Noncash contributions included in lines 1a–1f $12,712
Total Revenue from Contributions, Gifts, Grants & Similar$1,376,252
Total Program Service Revenue$0
Investment income $76,409
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $591,458
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,044,119

Grants Awarded

Over the last fiscal year, Folds Of Honor Foundation has awarded $357,194 in support to 2 organizations.

Grant RecipientAmount

FOLDS OF HONOR NATIONAL

Org PageRecipient Profile

Owasso, OK

PURPOSE: EDUCATIONAL SCHOLARSHIPS

$350,000

FOLDS OF HONOR NASHVILLE

Org PageRecipient Profile

Owasso, OK

PURPOSE: ASSISTANCE WITH FUNDRASINNG EVENTS

$7,194
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Folds Of Honor Foundation has recieved totaling $157,365.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$46,303
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$40,420
American Gift Fund

Wilmington, DE

PURPOSE: OPERATIONS

$15,000
Saint Paul & Minnesota Foundation

Saint Paul, MN

PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES

$14,391
Minneapolis Jewish Federation

Minneapolis, MN

PURPOSE: GENERAL OPERATING SUPPORT

$10,000
National Christian Charitable Foundation Inc

Alpharetta, GA

PURPOSE: SUPPORT

$10,000
View Grant Recipient Profile

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