Overview
What is Folds Of Honor Palmetto State Chapter?
The Folds of Honor Palmetto State Chapter is a dedicated nonprofit organization situated in Simpsonville, South Carolina. Their primary mission is to support the Folds of Honor Foundation by raising funds, which, in turn, offers educational scholarships to the spouses and children of American service members who have lost their lives or suffered severe injuries during their service. These scholarships help cover educational expenses such as tuition, books, and housing, making higher education more accessible to those left behind by the heroes of our nation. The chapter's fundraising efforts contribute significantly to this noble cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Folds of Honor Palmetto State Chapter has received a Two-Star rating, indicating some strengths in accountability and finance but also notable weaknesses. The organization boasts a strong program expense ratio of 99.73%, meaning that nearly all its funds are directed toward program services, which is a positive indicator for donors looking to support impactful initiatives. Additionally, the organization has a fully independent board with no material diversion of assets, which reflects good governance practices.
However, several significant limitations are apparent in the nonprofit's operations. The chapter lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are critical for ensuring transparency and accountability. Furthermore, the organization does not list its website on its tax form or provide its tax form on its website, which can hinder potential donors from assessing its operations further. These shortcomings contribute to its overall Two-Star rating and suggest areas for improvement to enhance trust and credibility with supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Folds Of Honor Palmetto State Chapter legitimate?
Folds Of Honor Palmetto State Chapter is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folds Of Honor Palmetto State 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.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Folds Of Honor Palmetto State Chapter?
The Folds of Honor Palmetto State Chapter's mission is centered around raising funds for the Folds of Honor Foundation. This foundation offers financial aid in the form of educational scholarships to the spouses and children of fallen or disabled American service members. The scholarships help cover various educational expenses such as tuition, books, fees, and room and board. The primary objective is to alleviate some of the financial burden faced by these families, enabling their dependents to pursue higher education. The chapter contributes grant funds to the national organization, contributing to the provision of these scholarships.
What is the revenue of Folds Of Honor Palmetto State Chapter?
Folds Of Honor Palmetto State Chapter's revenue in 2024 was $498,751.
Who are the executives of Folds Of Honor Palmetto State Chapter and what are their salaries?
There 10 volunteers at Folds Of Honor Palmetto State Chapter.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Folds Of Honor Palmetto State Chapter?
Folds Of Honor Palmetto State Chapter's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Folds Of Honor Palmetto State Chapter
The Folds of Honor Palmetto State Chapter is dedicated to supporting the Folds of Honor Foundation's mission. This national organization provides educational scholarships to the spouses and children of American service members who have lost their lives or suffered severe injuries in the line of duty. The Palmetto State Chapter contributes grant funds to this cause, enabling the Folds of Honor Foundation to offer scholarships that cover various educational expenses, such as tuition, books, and room and board. By providing these scholarships, the Folds of Honor Palmetto State Chapter helps the families of fallen or disabled service members to continue their education and secure a brighter future.
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Impact
July, 2024
The impact of the Folds of Honor Palmetto State Chapter is significant in providing financial assistance for education to the spouses and children of America's fallen and disabled service members. By raising funds for the Folds of Honor Foundation, the Palmetto State Chapter helps provide scholarships for higher education and children's education funds for those who have made the ultimate sacrifice or have been disabled while serving our country. This support ensures that these families can access educational opportunities and achieve their academic goals.
This information is meant to be a general summary of Folds Of Honor Palmetto State 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 2024.
- Investment Income: $3,390
- Gross Receipts: $752,164
Assets and Liabilities:
- Total Assets: $22,783
- Total Liabilities: $0
- Net Assets: $22,783
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Organization Details
Founding Year
2018
Principal Officer
Darin Macdonald
NTEE Category
Code: B12 - Education
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