Civic Intelligence

Folds of Honor Foundation

990 • Fiscal year 2018 • EIN 46-5531485

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 08, 2019

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

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

53rd percentile

4.4%

Higher net margin than 53% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

62nd percentile

6.2%

Faster asset growth than 62% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

24th percentile

-9.9%

Faster revenue growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$466,713

Up $27,367 (+6.2%) from 2017

Net Assets

Up

$465,733

Up $29,939 (+6.9%) from 2017

Liabilities

Down

$980

Down $2,572 (-72%) from 2017

Revenue

Down

$673,135

Down $73,916 (-9.9%) from 2017

Expenses

Up

$643,225

Up $143,618 (+29%) from 2017

Net Income

Down

$29,910

Down $217,534 (-88%) from 2017

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

2018

Assets$466,713
Liabilities$980
Net Assets$465,733

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

2018

Revenue$673,135
Expenses$643,225
Net Income$29,910
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 8, 2019
Return Version
2018v3.1
Gross Receipts
$917,143
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
Rtn Earn Endowment Incm Other Fnds$435,794$465,733▲ $29,939
Investments in Publicly Traded Securities$99,226$346,700▲ $247,474
Cash and Non-Interest-Bearing Accounts$269,505$109,879▼ $159,626
Prepaid Expenses and Deferred Charges$55,919$6,602▼ $49,317
Inventories for Sale or Use$12,505$1,967▼ $10,538
Land, Buildings, and Equipment, Net$2,191$1,565▼ $626
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$439,346$466,713▲ $27,367
Liabilities
Accounts Payable and Accrued Expenses$3,552$980▼ $2,572
Total Liabilities$3,552$980▼ $2,572
Net Assets / Fund Balance
Total Net Assets Fund Balance$435,794$465,733▲ $29,939
Total Liabilities and Net Assets / Fund Balance$439,346$466,713▲ $27,367

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,565$1,564$3,129
Compensation and Service Providers

Board Members and Trustees

NameTitle
Perry SchmidtPresident
Chris SchwartzbauerDirector
Dan OtisDirector
Jason KorstangeDirector
John PohladDirector
John RussettDirector
Matt FrauenshuhDirector
Paul TauntonDirector
Steve AndersonDirector
Tony AhlDirector
Anne SchmidtSecretary
Robert CronTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$630,732
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$42,403
All Other Contributions
$211,762
Change in Net Assets
$29,910

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 Traded177$15,264Value Upon Sale
Other Non Cash Contri Table10$14,320Fair Market Value
Total Noncash Contributions187$29,584-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$375,000
Other Expenses$184,849
Salaries, Compensation, and Employee Benefits$83,376
Total Fundraising Expense$35,724
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$375,000--$375,000
Advertising$17,130$86,977$29,463$133,570
Other Salaries and Wages$72,500--$72,500
Fees for Services Accounting-$13,660-$13,660
Office Expenses$5,142$4,347$929$10,418
Fees for Service Investment Mgmnt Fees$7,576$166-$7,742
All Other Expenses$2,163$704$3,872$6,739
Payroll Taxes$5,546--$5,546
Pension Plan Contributions$5,330--$5,330
Travel$313$3,261$1,460$5,034
Insurance$2,950$1,402-$4,352
Conferences and Meetings$1,863--$1,863
Fees for Services Management-$845-$845
Depreciation Depletion$626--$626
Total Functional Expenses$496,139$111,362$35,724$643,225
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Folds of Honor NationalAustin, TX501(c)(3)Educational Scholarships$375,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$277,453
Fundraising Direct Expenses$233,471
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$461,270$140,750$134,145$6,605
Concert$114,180$114,180$21,850$92,330
Total Events$696,423$277,453$233,471$43,982
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
Yes
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

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 B, Line 15B

The compensation and bonuses of the employee are reviewed annually by the board of directors. Salary is established based on the comparative data. All relevant information is documented in the minutes of the meeting.

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
2019-07-08
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
1
Volunteers
25

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Jennifer Tingley
Phone
6123764500
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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/NetIncomeOrLossGrp/ExclusionAmt0-1579
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-1579
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt029584
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0929
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04347
IRS990/OfficeExpensesGrp/ProgramServicesAmt05142
IRS990/OfficeExpensesGrp/TotalAmt010418
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt072500
IRS990/OtherSalariesAndWagesGrp/TotalAmt072500
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt05546
IRS990/PayrollTaxesGrp/TotalAmt05546
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05330
IRS990/PensionPlanContributionsGrp/TotalAmt05330
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt055919
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06602
IRS990/PrincipalOfficerNm0PERRY SCHMIDT
IRS990/PriorPeriodAdjustmentsAmt029
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0732092
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0357194
IRS990/PYInvestmentIncomeAmt015505
IRS990/PYOtherExpensesAmt056268
IRS990/PYOtherRevenueAmt0-546
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0247444
IRS990/PYSalariesCompEmpBnftPaidAmt086145
IRS990/PYTotalExpensesAmt0499607
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0747051
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt029910
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0435794
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0465733
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELANEOUS INCOME
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0630732
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0732092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0674667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0623612
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0197950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02859053
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt015505
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01514
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017019
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01200507
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt067
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01185
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06200
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07452
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02500183
IRS990ScheduleA/SubstantialContributorsTotAmt0358870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0630732
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0732092
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0674667
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0623612
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0197950
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02859053
IRS990ScheduleA/TotalSupportAmt02883524
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01565
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01564
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03129
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01565
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0418970
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0320520
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt098450
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0233471
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CONCERT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt026819
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt099
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt02636
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt029554
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0114180
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0461270
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0120973
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0696423
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0114180
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0140750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt022523
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0277453
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt043982
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt014320
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt014320
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt033602
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0189597
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt021850
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0134145
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0375000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
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/ContributionCnt010
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0AUCTION ITEMS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt014320
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt0177
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0VALUE UPON SALE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt015264
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTED ITEMS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PERRY AND ANNE SCHMIDT - 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 COMPENSATION AND BONUSES OF THE EMPLOYEE ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. SALARY IS ESTABLISHED BASED ON THE COMPARATIVE DATA. ALL RELEVANT INFORMATION IS DOCUMENTED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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 B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

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