Overview
What is Folds Of Honor - North Texas Inc?
Folds Of Honor - North Texas Inc is a local chapter of a national organization, headquartered at 25 Highland Park Village 100-803, Dallas, Texas 75205. Its primary mission is to support the Folds of Honor Foundation by funding educational scholarships for the spouses and children of U.S. military service members who have lost their lives on active duty, died from service-connected disabilities, or were killed in the line of duty. These scholarships help cover various educational expenses, such as tuition, books, and room and board. This nonprofit's purpose is to honor and support the families of fallen and disabled heroes by providing them with the means to pursue higher education.
Official website here: www.northtexas.foldsofhonor.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
Folds Of Honor - North Texas Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some accountability and financial transparency, there are significant areas of concern. The high percentage of independent board members and absence of material diversion of assets are positives, showcasing a commitment to governance and resource management. The organization scores well in aspects such as program expense ratio, indicating that a significant portion of funds is directed towards its mission.
However, the rating also highlights critical limitations, particularly in its fundraising efficiency and working capital ratio. The organization has reported a low fundraising efficiency, which suggests that a substantial amount of funds is spent on raising money rather than directly supporting its programs. Additionally, the lack of a whistleblower and document retention policy raises questions about organizational safeguards and transparency. These concerns suggest the need for improvement in operational practices to enhance overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Folds Of Honor - North Texas Inc legitimate?
Folds Of Honor - North Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folds Of Honor - North Texas Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.northtexas.foldsofhonor.org/
What is the mission statement of Folds Of Honor - North Texas Inc?
Folds of Honor - North Texas Inc's primary mission is to support the Folds of Honor Foundation by raising funds. This organization provides educational scholarships for the dependents of fallen and disabled active duty military service members in the United States. The scholarships cover various educational expenses, including tuition, books, fees, room and board, tutoring, and other related costs. The goal is to help the families of these brave service members continue their education, ensuring they have an opportunity to pursue their future goals. Folds of Honor - North Texas Inc contributes grant funds to the national organization, enabling it to provide these scholarships to eligible recipients.
Official website here: www.northtexas.foldsofhonor.org/
Who is the CEO of Folds Of Honor - North Texas Inc?
Mike Beltz is the Chairman of Folds Of Honor - North Texas Inc.
Official website here: www.northtexas.foldsofhonor.org/
What is the revenue of Folds Of Honor - North Texas Inc?
Folds Of Honor - North Texas Inc's revenue in 2022 was $3,696,947.
Official website here: www.northtexas.foldsofhonor.org/
Who are the executives of Folds Of Honor - North Texas Inc and what are their salaries?
There 50 volunteers at Folds Of Honor - North Texas Inc.
Here are 16 key members and their salaries:
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Official website here: www.northtexas.foldsofhonor.org/
Where can I find the form 990 for Folds Of Honor - North Texas Inc?
Folds Of Honor - North Texas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northtexas.foldsofhonor.org/
Learn more at the official website: www.northtexas.foldsofhonor.org/
Mission Statement of Folds Of Honor - North Texas Inc
Folds of Honor - North Texas Inc is an organization dedicated to supporting the families of fallen and disabled service members. Their primary mission is to raise funds for the Folds of Honor Foundation, which in turn provides educational scholarships to the spouses and children of these brave individuals. These scholarships cover a wide range of expenses, including tuition, textbooks, fees, room and board, educational tutoring, and other related costs. By providing these scholarships, Folds of Honor - North Texas Inc aims to alleviate some of the financial burden faced by the families of those who have made the ultimate sacrifice or suffered significant injuries while serving their country. The organization's efforts ensure that the dependents of these heroes can pursue higher education, thereby continuing their loved ones' legacies and forging their own paths towards a better future.
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Impact
July, 2024
The impact of Folds Of Honor - North Texas Inc is significant in providing educational scholarships to the dependents of fallen and disabled active duty military service members. By raising funds for the Folds of Honor Foundation, this organization is able to support spouses and children of America's fallen and disabled service members with higher education scholarships. These scholarships help subsidize the cost of tuition, school books, fees, room and board, and other educational expenses for those who have made sacrifices for their country. This support not only honors the service members' legacies but also empowers their family members to pursue their educational goals.
This information is meant to be a general summary of Folds Of Honor - North Texas Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $4,612,780
Assets and Liabilities:
- Total Assets: $271,154
- Total Liabilities: $0
- Net Assets: $271,154
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Organization Details
Founding Year
2013
Phone
(214) 909-3100Principal Officer
Mike Beltz
Main Address
25 HIGHLAND PARK VILLAGE 100-803, DALLAS, TX, 75205
NTEE Category
Code: B12 - Education
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