Overview
What is Friends Of The Folds Of Honor Foundation?
Friends of the Folds of Honor Foundation is a charitable organization, headquartered with unknown specifics, that supports the Folds of Honor Foundation. Their primary mission involves hosting an annual dinner and soliciting donations from the public, ensuring their expenses are covered first. The primary objective of this support is to raise funds for the Folds of Honor Foundation, which in turn provides educational scholarships for the families of military service members who have been killed or disabled while serving their country. This nonprofit's contributions help make a difference in the lives of these families, offering them educational opportunities and easing their financial burdens.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star Rating
Friends Of The Folds Of Honor Foundation has received a Three-Star rating from Charity Navigator, reflecting its 78% score primarily based on its Accountability & Finance metrics. The organization exhibits strong governance practices, evidenced by a fully independent board. Additionally, it maintains high standards for financial oversight, including an audit committee and a comprehensive conflict of interest policy.
The foundation shows commendable efficiency in its program expense ratio, dedicating approximately 93.58% of its expenditures directly to program services. This focus on mission-related spending, along with a solid fundraising efficiency ratio of $0.08, indicates effective use of funds raised. However, the liabilities to assets ratio is a noted area of concern, scoring only 11 out of 25 points, which suggests potential risks in financial stability.
Overall, while Friends Of The Folds Of Honor Foundation demonstrates accountability and effective program funding, the weaker score in liabilities may warrant further scrutiny for potential financial health issues. Users should weigh these aspects when considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Folds Of Honor Foundation legitimate?
Friends Of The Folds Of Honor Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Folds Of Honor Foundation 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Friends Of The Folds Of Honor Foundation?
The Friends of the Folds of Honor Foundation's mission is primarily focused on fundraising efforts. They aim to support the Folds of Honor Foundation by hosting an annual dinner and accepting donations from the public, ensuring that their expenses are covered first. The primary goal of this secondary organization is to raise funds for the Folds of Honor Foundation, which provides educational scholarships for the families of military service members who have been killed or disabled while serving their country.
Who is the CEO of Friends Of The Folds Of Honor Foundation?
Stephen Haworth is the President of Friends Of The Folds Of Honor Foundation.
What is the revenue of Friends Of The Folds Of Honor Foundation?
Friends Of The Folds Of Honor Foundation's revenue in 2022 was $2,995,474.
Who are the executives of Friends Of The Folds Of Honor Foundation and what are their salaries?
There 4 volunteers at Friends Of The Folds Of Honor Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of The Folds Of Honor Foundation?
Friends Of The Folds Of Honor Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Folds Of Honor Foundation
The Friends of the Folds of Honor Foundation is a dedicated organization with a mission to support the Folds of Honor Foundation. This mission is primarily achieved by hosting an annual dinner and soliciting donations from the public, ensuring that the funds raised cover any necessary expenses first. The primary objective of the Friends of the Folds of Honor Foundation is to raise funds for the Folds of Honor Foundation, a nonprofit that provides educational scholarships to the families of military personnel who have been killed or disabled while serving their country. By successfully carrying out these activities, the Friends of the Folds of Honor Foundation plays a vital role in supporting the Folds of Honor Foundation's mission of honoring those who serve and their families.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The impact of Friends Of The Folds Of Honor Foundation is significant in supporting the Folds of Honor Foundation's mission of providing educational scholarships to the families of fallen and disabled service members. By raising funds through an annual dinner and accepting donations from the general public after covering expenses, Friends Of The Folds Of Honor Foundation directly contributes to ensuring that these families receive the support they need for education. This impact helps honor the sacrifice of our military service members and their families, making a meaningful difference in their lives.
This information is meant to be a general summary of Friends Of The Folds Of Honor Foundation. 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.
- Investment Income: $40,169
- Gross Receipts: $3,722,134
Assets and Liabilities:
- Total Assets: $5,035,728
- Total Liabilities: $3,065,677
- Net Assets: $1,970,051
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Phone
(312) 310-2432Principal Officer
Stephen Haworth
Main Address
24 FIRTH ROAD, INVERNESS, IL, 600674460
NTEE Category
Code: B12 - Education
If you are a representative of Friends Of The Folds Of Honor Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.