Overview
What is Folds Of Honor Foundation?
The Folds of Honor Foundation is a charitable organization dedicated to providing educational scholarships for the spouses and dependent children of military personnel and first responders who have been killed or left disabled while serving and protecting our nation. With a team of 91 employees, the foundation operates out of Owasso, Oklahoma, at the address 5971 N Patriot Dr. The organization has awarded approximately 42,600 scholarships as of December 31, 2022, to qualified beneficiaries. Eligibility is determined based on documented proof of service, death certificate or disability rating, marriage or dependency status, and verification of an approved educational institution or program.
Official website here: www.foldsofhonor.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Folds of Honor Foundation has achieved an impressive 96% rating on Charity Navigator, highlighting its exceptional accountability and financial management. With a perfect score of 100 in Accountability & Finance, the organization demonstrates strong governance practices and transparency. Key metrics such as a program expense ratio of 90.54% and a low fundraising efficiency of $0.04 indicate that a significant portion of its funds directly supports its mission.
Strengths highlighted in the evaluation include an independent board with 91% of its members not affiliated with the organization, ensuring unbiased oversight. The charity also scores well in its financial management practices, with no material diversion of assets and robust policies in place for conflict of interest, whistleblowing, and document retention. Its commitment to using program results to enhance future operations showcases a forward-thinking approach to impact and sustainability.
Though the overall ratings are strong, the Impact & Measurement score of 85 suggests there may be opportunities for improvement in evaluating and communicating the effectiveness of its programs. This can enhance stakeholder trust and further bolster the foundation's reputation. Overall, the Folds of Honor Foundation stands out as a well-managed organization committed to its mission of supporting families of fallen and disabled service members.
This AI summary has been generated from information found on Charity Navigator.
Is Folds Of Honor Foundation legitimate?
Folds Of Honor Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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: $1,173,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,698,725
For more financial information, click here
Official website here: www.foldsofhonor.org
What is the mission statement of Folds Of Honor Foundation?
The Folds of Honor Foundation is a nonprofit organization that grants educational scholarships to the spouses and dependent children of military personnel and first responders who have been killed or disabled while serving and protecting our nation. The foundation's mission is to provide these individuals with opportunities to further their education and secure a better future. Scholarships are awarded based on documented proof of service, a death certificate or disability rating, marriage or dependency status, and approval from a verified educational institution or program. As of December 31, 2022, over 42,600 scholarships have been distributed. The foundation's efforts aim to support the families of those who have made the ultimate sacrifice or have been injured in the line of duty.
Official website here: www.foldsofhonor.org
Who is the CEO of Folds Of Honor Foundation?
Dan Rooney is the Principal Officer of Folds Of Honor Foundation. The CEO's salary of Folds Of Honor Foundation is $441,036 and their total compensation is $478,006.
Official website here: www.foldsofhonor.org
What is the revenue of Folds Of Honor Foundation?
Folds Of Honor Foundation's revenue in 2022 was $55,642,990.
Official website here: www.foldsofhonor.org
Who are the executives of Folds Of Honor Foundation and what are their salaries?
The average compensation at Folds Of Honor Foundation during 2022 was $64,528. There are 91 employees and 11 volunteers at Folds Of Honor Foundation.
Here are 20 key members and their salaries (Folds Of Honor Foundation's CEO's salary is $441,036 and their total compensation is $478,006):
- Compensation: $441,036
- Related: $0
- Other: $36,970
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $150,247
- Related: $0
- Other: $25,480
- Compensation: $217,960
- Related: $0
- Other: $25,371
- Compensation: $242,346
- Related: $0
- Other: $33,951
- Compensation: $197,143
- Related: $0
- Other: $38,327
- Compensation: $177,425
- Related: $0
- Other: $27,770
- Compensation: $114,184
- Related: $0
- Other: $32,485
- Compensation: $113,350
- Related: $0
- Other: $33,063
- Compensation: $136,594
- Related: $0
- Other: $37,080
Official website here: www.foldsofhonor.org
Where can I find the form 990 for Folds Of Honor Foundation?
Folds Of Honor Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foldsofhonor.org
Learn more at the official website: www.foldsofhonor.org
Mission Statement of Folds Of Honor Foundation
The Folds of Honor Foundation is a not-for-profit organization that dedicates itself to providing educational scholarships for the spouses and dependent children of military servicemen and women, as well as first responders, who have been killed or disabled while in service to our nation. By offering these educational opportunities, the Foundation aims to make a significant difference in the lives of those who have sacrificed so much.
The mission of the Folds of Honor Foundation is rooted in the belief that every sacrifice made by these brave individuals deserves to be recognized and rewarded. To fulfill this commitment, the organization provides scholarships to eligible individuals, ensuring they have the means to pursue higher education and secure a brighter future. With over 42,000 scholarships awarded as of December 31, 2022, the Foundation has made a substantial impact on the lives of many families.
To determine eligibility for these scholarships, the Folds of Honor Foundation requires documented proof of service, a death certificate or disability rating, and verified and approved educational institution or program. By meeting these criteria, qualifying applicants can receive the financial assistance they need to further their education and build a more stable future for themselves and their loved ones. Through these scholarships, the Folds of Honor Foundation continues to honor the sacrifices made by our military servicemen and women and first responders, and offers them the opportunity to achieve their dreams despite the challenges they have faced.
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
October, 2024
The Folds Of Honor Foundation has significantly impacted the lives of spouses and dependents of military service members and first responders who have been killed or disabled in the line of duty. By providing educational scholarships, the foundation addresses the critical need for financial support for those pursuing higher education, enabling them to achieve their academic and professional goals.
Since its inception, approximately 42,600 scholarships have been awarded, helping individuals from diverse backgrounds access quality education. The scholarships are awarded based on specific criteria, including documented proof of service and verified educational programs, ensuring that support reaches those who need it most. This initiative not only facilitates educational advancement but also fosters resilience and empowers families to rebuild their lives after facing tremendous loss.
Through its commitment to honoring the sacrifices made by service members and first responders, the foundation strengthens communities and inspires hope, paving the way for a brighter future for beneficiaries and their families.
This information is meant to be a general summary of 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: $574,836
- Gross Receipts: $57,144,118
Assets and Liabilities:
- Total Assets: $87,120,626
- Total Liabilities: $13,588,232
- Net Assets: $73,532,394
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Phone
(918) 274-4700Principal Officer
Dan Rooney
Main Address
5971 N PATRIOT DR, OWASSO, OK, 74055
Website
www.foldsofhonor.orgNTEE Category
Code: B82 - Education
If you are a representative of 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.