Overview
What is Folds Of Honor Eastern North Carolina Inc?
Folds of Honor Eastern North Carolina Inc is a nonprofit organization dedicated to supporting the families of service members who have paid the ultimate price or are permanently disabled while serving our nation. Their primary mission involves providing financial assistance for the education of these fallen heroes' spouses and dependent children. To achieve this goal, they organize charitable events, such as a golf tournament, and contribute funds to the national Folds of Honor organization that carries out these initiatives across the country.
Official website here: www.easternnc.foldsofhonor.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Folds Of Honor Eastern North Carolina Inc has received a Three-Star rating from Charity Navigator, indicating a good level of accountability and financial management. The rating is based entirely on their performance in the Accountability & Finance beacon, where they scored highly for the majority of the assessed criteria, particularly in their independent board structure and financial health. They reported a remarkable program expense ratio of 95.95%, suggesting that a significant portion of their funds directly supports their charitable mission.
The organization boasts a fully independent board, achieving full points for both the number of independent members and the absence of material asset diversion. However, they were marked down for lacking certain policies such as a conflict of interest policy and a whistleblower policy, which may raise concerns about governance practices. Despite these limitations, their transparent documentation practices and the posting of tax forms online reflect a commitment to public accountability.
Overall, while Folds Of Honor Eastern North Carolina Inc demonstrates strong fiscal responsibility and a well-structured governance model, addressing the missing policies could enhance their operational transparency and trustworthiness. Continued focus on these areas may further bolster their standing within the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Folds Of Honor Eastern North Carolina Inc legitimate?
Folds Of Honor Eastern North Carolina Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folds Of Honor Eastern North Carolina Inc 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
Official website here: www.easternnc.foldsofhonor.org
What is the mission statement of Folds Of Honor Eastern North Carolina Inc?
Folds of Honor Eastern North Carolina Inc's mission is centered around providing financial aid for the education of spouses and dependent children of military personnel who have either lost their lives or been permanently disabled while serving the nation. This non-profit organization strives to support these families in their educational pursuits, aiming to alleviate some of the financial burden they may be facing. They accomplish this mission by hosting fundraising events, such as golf tournaments, to contribute to the national organization, Folds of Honor, which in turn provides financial assistance to the eligible families.
Official website here: www.easternnc.foldsofhonor.org
Who is the CEO of Folds Of Honor Eastern North Carolina Inc?
John S Reddersen is the President of Folds Of Honor Eastern North Carolina Inc.
Official website here: www.easternnc.foldsofhonor.org
What is the revenue of Folds Of Honor Eastern North Carolina Inc?
Folds Of Honor Eastern North Carolina Inc's revenue in 2022 was $165,824.
Official website here: www.easternnc.foldsofhonor.org
Who are the executives of Folds Of Honor Eastern North Carolina Inc and what are their salaries?
There 25 volunteers at Folds Of Honor Eastern North Carolina Inc.
Here are 5 key members and their salaries:
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Official website here: www.easternnc.foldsofhonor.org
Where can I find the form 990 for Folds Of Honor Eastern North Carolina Inc?
Folds Of Honor Eastern North Carolina Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.easternnc.foldsofhonor.org
Learn more at the official website: www.easternnc.foldsofhonor.org
Mission Statement of Folds Of Honor Eastern North Carolina Inc
Folds of Honor Eastern North Carolina Inc is a dedicated organization with a mission to offer financial aid for the education of spouses and dependent children of military personnel who have unfortunately lost their lives or sustained permanent disabilities during their service to our nation. The nonprofit's primary objective is to provide the necessary financial support to help these families continue their education, ensuring a promising future for the next generation. To achieve this mission, Folds of Honor Eastern North Carolina Inc raises funds, one of their key initiatives being the hosting of a golf event in support of the national organization's financial assistance programs. By doing so, they contribute to the well-being and education of the family members left behind, honoring the sacrifices made by the service men and women who served our nation.
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Impact
October, 2024
Folds Of Honor Eastern North Carolina Inc significantly impacts the lives of families affected by the sacrifices of service men and women. By providing financial assistance for the education of spouses and dependent children of those who have been killed or permanently disabled in service, the organization helps to alleviate the financial burdens faced by these families. This support not only contributes to their educational aspirations but also fosters a sense of hope and stability during challenging times.
Through fundraising efforts, particularly by hosting golf events, the organization raises critical funds that directly support scholarships and educational initiatives. This creates opportunities for recipients to pursue their academic goals, thereby promoting a brighter future for them and honoring the legacy of their loved ones' service. The commitment of Folds Of Honor to empower the next generation underscores the importance of education as a lasting tribute to those who have sacrificed for the nation.
This information is meant to be a general summary of Folds Of Honor Eastern North Carolina Inc. 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: $74
- Gross Receipts: $216,099
Assets and Liabilities:
- Total Assets: $15,635
- Total Liabilities: $0
- Net Assets: $15,635
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Organization Details
Founding Year
2018
Phone
(919) 608-8898Principal Officer
John S Reddersen
Main Address
12218 BRADFORD GREEN SQUARE 133, CARY, NC, 27519
NTEE Category
Code: B12 - Education
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