Civic Intelligence

Folds of Honor Foundation

990 • Fiscal year 2016 • EIN 46-5531485

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 11, 2017

372 Ferndale Road SouthWayzata, MN 55391

(612) 247-5906

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

93rd percentile

75%

Faster asset growth than 93% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$202,496

Up $86,456 (+75%) from 2015

Net Assets

Up

$196,999

Up $82,587 (+72%) from 2015

Liabilities

Up

$5,497

Up $3,869 (+238%) from 2015

Revenue

Up

$544,050

Up $53,629 (+11%) from 2015

Expenses

Up

$461,463

Up $42,878 (+10%) from 2015

Net Income

Up

$82,587

Up $10,751 (+15%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2014: $46,263Liabilities 2014: $3,687Net Assets 2014: $42,5762014Assets 2015: $116,040Liabilities 2015: $1,628Net Assets 2015: $114,4122015Assets 2016: $202,496Liabilities 2016: $5,497Net Assets 2016: $196,9992016Assets 2017: $439,346Liabilities 2017: $3,552Net Assets 2017: $435,7942017Assets 2018: $466,713Liabilities 2018: $980Net Assets 2018: $465,7332018Assets 2019: $674,914Liabilities 2019: $58Net Assets 2019: $674,8562019Assets 2020: $691,603Liabilities 2020: $300Net Assets 2020: $691,3032020Assets 2021: $1,228,818Liabilities 2021: $1,919Net Assets 2021: $1,226,8992021Assets 2022: $1,186,272Liabilities 2022: $18,600Net Assets 2022: $1,167,6722022Assets 2023: $1,296,550Liabilities 2023: $13,069Net Assets 2023: $1,283,4812023Assets 2024: $891,422Liabilities 2024: $5,025Net Assets 2024: $886,3972024

Highlighted filing

2016

Assets$202,496
Liabilities$5,497
Net Assets$196,999

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $187,076Expenses 2014: $144,500Net Income 2014: $42,5762014Revenue 2015: $490,421Expenses 2015: $418,585Net Income 2015: $71,8362015Revenue 2016: $544,050Expenses 2016: $461,463Net Income 2016: $82,5872016Revenue 2017: $747,051Expenses 2017: $499,607Net Income 2017: $247,4442017Revenue 2018: $673,135Expenses 2018: $643,225Net Income 2018: $29,9102018Revenue 2019: $1,024,060Expenses 2019: $811,039Net Income 2019: $213,0212019Revenue 2020: $976,279Expenses 2020: $956,398Net Income 2020: $19,8812020Revenue 2021: $2,044,119Expenses 2021: $1,508,523Net Income 2021: $535,5962021Revenue 2022: $1,939,387Expenses 2022: $1,804,068Net Income 2022: $135,3192022Revenue 2023: $1,833,794Expenses 2023: $1,818,187Net Income 2023: $15,6072023Revenue 2024: $1,919,110Expenses 2024: $2,316,194Net Income 2024: -$397,0842024

Highlighted filing

2016

Revenue$544,050
Expenses$461,463
Net Income$82,587
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 11, 2017
Return Version
2016v3.0
Gross Receipts
$840,605
Mission and Program Overview

Mission

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.

Ensure no family is left behind in the fight to preserve american freedom.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$99,826$154,545▲ $54,719
Investments in Publicly Traded Securities-$26,514-
Inventories for Sale or Use$5,793$14,894▲ $9,101
Pledges and Grants Receivable$8,624--
Prepaid Expenses and Deferred Charges$1,797$3,727▲ $1,930
Land, Buildings, and Equipment, Net$0$2,816▲ $2,816
Total Assets$116,040$202,496▲ $86,456
Liabilities
Accounts Payable and Accrued Expenses$1,628$5,497▲ $3,869
Total Liabilities$1,628$5,497▲ $3,869
Net Assets / Fund Balance
Unrestricted Net Assets$114,412$196,999▲ $82,587
Total Net Assets Fund Balance$114,412$196,999▲ $82,587
Total Liabilities and Net Assets / Fund Balance$116,040$202,496▲ $86,456

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,816$313$3,129
Compensation and Service Providers

Board Members and Trustees

NameTitle
Perry SchmidtPresident
Chris SchwartzbauerDirector
Eric TimkoDirector
Isaiah MaringDirector
Jason KorstangeDirector
John PohladDirector
Matt FrauenshuhDirector
Paul TauntonDirector
Peter TauntonDirector
Tony AhlDirector
Anne SchmidtSecretary
Bob CronTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$674,667
Program Service Revenue
$0
Investment Income
$1,514
Other Revenue
$-132,131
All Other Contributions
$228,908
Change in Net Assets
$82,587

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$32,276Value Upon Sale
Other Non Cash Contri Table1$17,430Fair Market Value
Total Noncash Contributions2$49,706-

Audited Revenue Reconciliation

Revenue per Audited Statements
$544,050
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$352,305
Total Revenue per Audited Statements
$896,355
Total Revenue per Form 990
$544,050
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$350,000
Other Expenses$111,463
Total Fundraising Expense$84,701
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$350,000--$350,000
Advertising$2,051-$72,675$74,726
Travel$1,559$4,888$7,054$13,501
Fees for Services Accounting$250$11,735-$11,985
Office Expenses$2,522$1,253$4,498$8,273
Insurance-$1,959$474$2,433
Depreciation Depletion$313--$313
Fees for Services Legal-$207-$207
Other Expenses-$25-$25
Total Functional Expenses$356,695$20,067$84,701$461,463

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$813,768
Expenses per Audited Statements$461,463
Total Expenses per Form 990$461,463
Expenses Not Reported on Form 990$352,305
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Folds of Honor NationalAustin, TX501(c)(3)Educational Scholarships$350,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$296,555
Fundraising Gross Income$163,239
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert$174,575$96,500$90,889$5,611
Golf Outing$342,644$66,739$120,685$-53,946
Total Events$608,998$163,239$296,555$-133,316
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Perry and anne schmidt - family relationship peter and paul taunton - family relationship

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees that have authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The 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 12C

In 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. An interested person may make a factual presentation at the board or committee meeting, but after such presentation, if requested, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. An interested person shall not actively participate in the discussion of, or vote on, the transaction or arrangement that results in the conflict of interest, either formally at a board or committee meeting or informally through contact with individual board or committee members. All proceedings are documented in the meeting minutes.

Form 990, Part VI, Section C, Line 19

The foundation makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Folds of Honor Foundation
EIN
46-5531485
Phone
6122475906
Address
372 FERNDALE ROAD SOUTH, WAYZATA, MN 55391

Signing Officer

Name
Perry Schmidt
Title
President
Phone
9182744700
Signed
2017-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Perry Schmidt
Formed
2014
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
9

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Karen Gries
Phone
6123764500
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 296,555.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 296,555.

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IRS990/MissionDesc0THE 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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IRS990/OtherExpensesGrp/Desc0REGISTRATION FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025
IRS990/OtherExpensesGrp/TotalAmt025
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt01185
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01185
IRS990/OtherRevenueTotalAmt01185
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt08624
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01797
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03727
IRS990/PrincipalOfficerNm0PERRY SCHMIDT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0623612
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0318745
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt074294
IRS990/PYOtherRevenueAmt0-133191
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt071836
IRS990/PYSalariesCompEmpBnftPaidAmt025546
IRS990/PYTotalExpensesAmt0418585
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0490421
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt082587
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELANEOUS INCOME
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION IS FILING A SHORT YEAR RETURN AS THEY WERE INCORPORATED IN APRIL 2014. FOR SCHEDULE A, PART II THE COLUMN OF THE 2014 TAX YEAR REFLECTS THE PERIOD APRIL-DECEMBER 2014.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART II:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0664163
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0623612
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0197950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01485725
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01514
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01514
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0417888
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01185
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt06200
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07385
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01232996
IRS990ScheduleA/SubstantialContributorsTotAmt0252729
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0664163
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0623612
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0197950
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01485725
IRS990ScheduleA/TotalSupportAmt01494624
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt055750
IRS990ScheduleD/DonatedServicesUseFcltsAmt055750
IRS990ScheduleD/EquipmentGrp/BookValueAmt02816
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0313
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03129
IRS990ScheduleD/ExpensesNotReportedAmt0352305
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0461463
IRS990ScheduleD/OtherExpensesIncludedAmt0296555
IRS990ScheduleD/OtherRevenueAmt0296555
IRS990ScheduleD/RevenueNotReportedAmt0352305
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0544050
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT EXPENSES 296,555.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES 296,555.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02816
IRS990ScheduleD/TotalExpensesPerForm990Amt0461463
IRS990ScheduleD/TotalRevenuePerForm990Amt0544050
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0896355
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0813768
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0445759
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt078075
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0275905
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt091779
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0296555
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CONCERT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt01045
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt012740
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt013785
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0174575
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0342644
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt091779
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0608998
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt096500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt066739
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0163239
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-133316
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt03200
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt014730
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt017930
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt053266
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0264840
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt090889
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0120685
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0350000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FOLDS OF HONOR NATIONAL
IRS990ScheduleI/RecipientTable/RecipientEIN0753240683
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0401 CONGRESS AVENUE SUITE 3050
IRS990ScheduleI/RecipientTable/USAddress/CityNm0AUSTIN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd078701
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FOLDS 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.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0AUCTION ITEMS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt017430
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0VALUE UPON SALE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt032276
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PERRY AND ANNE SCHMIDT - FAMILY RELATIONSHIP PETER AND PAUL TAUNTON - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN 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. AN INTERESTED PERSON MAY MAKE A FACTUAL PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, IF REQUESTED, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. AN INTERESTED PERSON SHALL NOT ACTIVELY PARTICIPATE IN THE DISCUSSION OF, OR VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST, EITHER FORMALLY AT A BOARD OR COMMITTEE MEETING OR INFORMALLY THROUGH CONTACT WITH INDIVIDUAL BOARD OR COMMITTEE MEMBERS. ALL PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

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