Overview
What is The Folded Flag Foundation?
The Folded Flag Foundation, in its ninth year of operation, is a nonprofit organization based in Las Vegas, Nevada. With a modest team of five employees, its mission is to support the families of U.S. military personnel who have tragically lost their lives. The foundation achieves this by awarding scholarships and educational grants to spouses and children of these heroes. In the 2022-2023 academic year, the foundation granted 766 scholarships totaling over $3 million, covering tuition and living expenses for individuals from grade school to college. The foundation's activities and support are often bolstered by special events and donations from individuals and corporations.
Official website here: www.foldedflagfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rates The Folded Flag Foundation at 94%, awarding it a Four-Star out of Four Star rating. This high score reflects the organization’s strong accountability and finance practices, with a notable Accountability & Finance Score of 95. The organization demonstrates a commitment to effective management and transparency, evidenced by their independent board structure and the absence of any material diversion of assets.
The Folded Flag Foundation excels in leadership and adaptability, scoring a perfect 100 in these areas. Their fundraising efficiency is commendable, with a low cost of only $0.10 to raise a dollar, indicating effective use of resources. However, while the feedback collection and usage scores are outstanding, some policies such as the whistleblower and document retention are missing, which could be an area for improvement.
Overall, the foundation has a solid financial foundation, demonstrated by a strong working capital ratio, ensuring they have more than enough resources to cover liabilities. While the organization performs well in many metrics, addressing the missing policies could enhance their overall governance and further solidify their reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Folded Flag Foundation legitimate?
The Folded Flag Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Folded Flag 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: $121,401
Professional Fundraising Fees: $0
Other Salaries and Wages: $194,458
For more financial information, click here
Official website here: www.foldedflagfoundation.org
What is the mission statement of The Folded Flag Foundation?
The Folded Flag Foundation's mission is centered around assisting the families of United States military personnel who have tragically lost their lives. Specifically, the foundation aims to provide scholarships and educational support grants to the spouses and children of these fallen heroes. This is done for those who have perished as a result of hostile actions or accidents related to U.S. combat operations. In its ninth year of operations, the foundation awarded 766 scholarships, totaling over $3 million, to qualifying individuals across the United States. These scholarships covered tuition and living expenses for the recipients, ranging from grade school to college. Various individuals and corporations also held special events to benefit the foundation.
Official website here: www.foldedflagfoundation.org
Who is the CEO of The Folded Flag Foundation?
Kim Frank is the Chairman of The Folded Flag Foundation.
Official website here: www.foldedflagfoundation.org
What is the revenue of The Folded Flag Foundation?
The Folded Flag Foundation's revenue in 2022 was $4,875,790.
Official website here: www.foldedflagfoundation.org
Who are the executives of The Folded Flag Foundation and what are their salaries?
The average compensation at The Folded Flag Foundation during 2022 was $63,172. There are 5 employees at The Folded Flag Foundation.
Here are 22 key members and their salaries:
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Official website here: www.foldedflagfoundation.org
Where can I find the form 990 for The Folded Flag Foundation?
The Folded Flag Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foldedflagfoundation.org
Learn more at the official website: www.foldedflagfoundation.org
Mission Statement of The Folded Flag Foundation
The Folded Flag Foundation, in its mission, strives to aid the families of United States military personnel who have tragically lost their lives. Specifically, the organization focuses on providing scholarships and educational support grants to the spouses and children of these fallen heroes. The foundation's mission is fueled by the loss of these individuals, who have perished as a result of hostile actions or accidents related to U.S. combat operations.
In its ninth year of operations, The Folded Flag Foundation awarded 766 scholarships to eligible individuals, totaling an impressive $3,014,660. These scholarships served to cover tuition and living expenses for the spouses and children of the U.S. military and government personnel. The recipients of these scholarships for the 2022-2023 school year ranged from grade school to college, demonstrating the organization's commitment to supporting education at various levels. Furthermore, numerous individuals and corporations organized special events to raise funds for the foundation, contributing to its mission of aiding the families of fallen heroes.
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Impact
July, 2024
The Folded Flag Foundation has had a significant impact by awarding 766 scholarships totaling $3,014,660 to qualifying individuals across the United States. These scholarships provide financial support for tuition and living expenses ranging from grade school to college for spouses and children of U.S. military and government personnel who have lost their lives in combat operations. This support helps these families pursue education and create brighter futures despite their tragic circumstances. Multiple individuals and corporations have also contributed to the foundation through special events, further enhancing its ability to assist those in need.
This information is meant to be a general summary of The Folded Flag 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: $47,743
- Gross Receipts: $5,034,757
Assets and Liabilities:
- Total Assets: $11,952,659
- Total Liabilities: $53,207
- Net Assets: $11,899,452
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Organization Details
Founding Year
2014
Phone
(844) 204-2856Principal Officer
Kim Frank
Main Address
1550 S PAVILION CENTER DRIVE, LAS VEGAS, NV, 89135
Website
www.foldedflagfoundation.orgNTEE Category
Code: W99 - Public benefit
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