Overview
What is Folds Of Honor Oklahoma City Chapter?
Folds of Honor Oklahoma City Chapter is a local branch of a national organization, dedicated to providing educational scholarships to the families of military service members who have been killed in action, died while on active duty, or sustained permanent disability. Based in Edmond, Oklahoma, the chapter raises funds through various activities to support the Folds of Honor Foundation. These funds are used to cover tuition, books, housing, tutoring, and other educational expenses for the spouses and children of the eligible service members. The goal is to help these families continue their education and overcome the financial challenges they face following the loss or disability of a loved one serving in the military.
Official website here: www.oklahomacity.foldsofhonor.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while Folds Of Honor Oklahoma City Chapter demonstrates some strengths in financial management and accountability, it also has areas that require improvement to increase overall effectiveness and transparency.
The organization boasts a high percentage of independent board members, with 100% of its board being independent, which is a strong point for governance. Additionally, it shows an excellent program expense ratio of 95.07%, indicating that the majority of its funds are directed towards program services rather than administrative costs. The absence of any material diversion of assets and a favorable liabilities to assets ratio further highlight its financial stability and responsible management.
However, the charity is marked down for lacking a conflict of interest policy, which could be a significant governance deficiency. While it does have a whistleblower policy and documents board meeting minutes, the absence of the conflict of interest policy suggests potential risk areas that could undermine trust. Improving these governance practices could enhance its rating and public confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Folds Of Honor Oklahoma City Chapter legitimate?
Folds Of Honor Oklahoma City Chapter is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folds Of Honor Oklahoma City Chapter 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.
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Official website here: www.oklahomacity.foldsofhonor.org
What is the mission statement of Folds Of Honor Oklahoma City Chapter?
The Folds of Honor Oklahoma City Chapter's mission is centered around raising funds for the Folds of Honor Foundation. This foundation provides financial assistance in the form of educational scholarships. These scholarships are specifically designed for the dependents of fallen and disabled active duty military service members. The scholarships help to cover various educational expenses such as tuition, books, fees, room and board, tutoring, and other related costs. The goal is to provide these individuals with the opportunity to pursue higher education, thereby supporting their future and honoring the sacrifices of their fallen or disabled family members.
Official website here: www.oklahomacity.foldsofhonor.org
Who is the CEO of Folds Of Honor Oklahoma City Chapter?
Brandon Baker is the President of Folds Of Honor Oklahoma City Chapter.
Official website here: www.oklahomacity.foldsofhonor.org
What is the revenue of Folds Of Honor Oklahoma City Chapter?
Folds Of Honor Oklahoma City Chapter's revenue in 2022 was $861,274.
Official website here: www.oklahomacity.foldsofhonor.org
Who are the executives of Folds Of Honor Oklahoma City Chapter and what are their salaries?
There 10 volunteers at Folds Of Honor Oklahoma City Chapter.
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Official website here: www.oklahomacity.foldsofhonor.org
Where can I find the form 990 for Folds Of Honor Oklahoma City Chapter?
Folds Of Honor Oklahoma City Chapter's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oklahomacity.foldsofhonor.org
Learn more at the official website: www.oklahomacity.foldsofhonor.org
Mission Statement of Folds Of Honor Oklahoma City Chapter
The Folds of Honor Oklahoma City Chapter's primary mission is to support the Folds of Honor Foundation. This mission is accomplished by raising funds that ultimately provide educational scholarships for the dependents of fallen and disabled active duty military service members. The scholarships cover various educational expenses, including tuition, textbooks, fees, room and board, tutoring, and other educational costs. The Folds of Honor Oklahoma City Chapter contributes to the national organization's fund, ensuring that deserving recipients, such as the children of service members who were killed in action or died of any cause while on active duty or after being classified as having a service-connected disability, can pursue their higher education without financial burdens. The scholarships also extend to spouses and dependents of service members who suffered the loss of a limb or died of any cause while on active duty or after being classified as having a service-connected disability.
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Impact
July, 2024
The impact of Folds Of Honor Oklahoma City Chapter is felt strongly in the community as it raises funds to provide educational scholarships for the dependents of fallen and disabled active-duty military service members. The Chapter's support helps these individuals access higher education opportunities which may otherwise have been out of reach. Through their efforts, they contribute to the future success and well-being of the families of those who made great sacrifices in service to their country.
This information is meant to be a general summary of Folds Of Honor Oklahoma City Chapter. 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: $1,248,740
Assets and Liabilities:
- Total Assets: $41,682
- Total Liabilities: $0
- Net Assets: $41,682
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Organization Details
Phone
(405) 359-2273Principal Officer
Brandon Baker
Main Address
PO BOX 3522, EDMOND, OK, 73083
NTEE Category
Code: B12 - Education
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