Folds Of Honor Foundation

Organization Overview

Folds Of Honor Foundation is located in Owasso, OK. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Folds Of Honor Foundation employed 74 individuals. This organization is a parent organization of 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 $51.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $34.0m during the year ending 12/2021. While expenses have increased by 12.8% 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 PROVIDE EDUCATIONAL SCHOLARSHIPS FOR QUALIFYING SPOUSES AND/OR DEPENDENT CHILDREN OF MILITARY SERVICE MEN AND WOMEN KILLED OR DISABLED WHILE SERVING AND DEFENDING OUR GREAT NATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS GIVEN BY THE FOLDS OF HONOR FOUNDATION SCHOLARSHIP PROGRAM AT TULSA COMMUNITY FOUNDATION FOR QUALIFYING SPOUSES AND/OR DEPENDENT CHILDREN OF MILITARY SERVICE MEN AND WOMEN KILLED OR DISABLED WHILE SERVING AND DEFENDING OUR GREAT NATION. QUALIFYING CRITERIA INCLUDES DOCUMENTED PROOF OF SERVICE, DEATH CERTIFICATE OR DISABILITY RATING, MARRIAGE OR DEPENDENCY STATUS, VERIFIED AND APPROVED EDUCATIONAL INSTITUTION/PROGRAM. APPROXIMATELY 34,300 SCHOLARSHIPS HAVE BEEN AWARDED AS OF 12/31/2021.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Patriot Golf Club
Fundraising Event
$202,722
Creekmore Consulting Llc
Consulting Services
$120,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,437,429
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$49,451,245
Noncash contributions included in lines 1a–1f $496,024
Total Revenue from Contributions, Gifts, Grants & Similar$50,888,674
Total Program Service Revenue$0
Investment income $200,192
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$160
Net Gain/Loss on Asset Sales $66,979
Net Income from Fundraising Events -$270,447
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $272,899
Miscellaneous Revenue$0
Total Revenue $51,158,137

Grants Awarded

Over the last fiscal year, Folds Of Honor Foundation has awarded $8,610,232 in support to 2 organizations.

Grant RecipientAmount

TULSA COMMUNITY FOUNDATION

Org PageRecipient Profile

Tulsa, OK

PURPOSE: SCHOLARSHIPS

$8,341,932

PGA FOUNDATION INC

Org PageRecipient Profile

Frisco, TX

PURPOSE: CONTRIBUTION TO SUPPORT FOUNDATION'S PGA REACH MILITARY PILLAR

$268,300
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Folds Of Honor Foundation has recieved totaling $90,500.

Awarding OrganizationAmount
W F Foundation

Charleston, SC

PURPOSE: TO FURTHER THE MISSION OF THE DONEE

$50,000
$25,000
Holcer Foundation

Chicago, IL

PURPOSE: PROGRAM SUPPORT

$5,000
Gladney Foundation Tr Ua 052098

Georgetown, SC

PURPOSE: CHARITABLE

$3,000
Sa Ming Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$2,500
Piacenti Family Charitable Foundation

Central, SC

PURPOSE: GRANT TO PROVIDE OPERATING SUPPORT FOR EDUCATIONAL SCHOLARSHIPS FOR MILITARY FAMILIES.

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$11,203
Earnings$1,548
Admin Expense$100
Ending Balance$12,651

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