Overview
What is Folds Of Honor - Tennessee Chapter?
Folds Of Honor - Tennessee Chapter is a local chapter of a national organization, situated in Franklin, Tennessee. Their primary mission is to raise funds for the Folds of Honor Foundation, which offers educational scholarships to the spouses and children of American service members who have lost their lives in combat, died while on active duty, or suffered serious injuries, including the loss of limbs. These scholarships help cover tuition, books, fees, room and board, tutoring, and other educational expenses. The Tennessee Chapter contributes financially to this cause, contributing to the betterment of the lives of families who have sacrificed so much for their country.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67%)
Folds of Honor - Tennessee Chapter has received a two-star rating from Charity Navigator, indicating that the organization has areas that require improvement. While the charity scored well in areas such as having a fully independent board and maintaining a strong program expense ratio of nearly 99%, it faced significant challenges in transparency and governance practices. The lack of financial statements and missing critical policies such as conflict of interest and whistleblower protections are notable weaknesses.
The organization demonstrates a commitment to its mission, as indicated by its high program expense ratio, which suggests that a large portion of funds is directed towards its charitable programs. However, the absence of essential financial documentation raises concerns about accountability and may affect donor confidence. Additionally, the failure to list its website on the tax form and the missing tax documentation on its website further highlight its transparency issues.
To enhance its operations and donor trust, Folds of Honor - Tennessee Chapter could benefit from improving its financial transparency and governance practices. Addressing these deficiencies would not only strengthen its accountability but also potentially improve its overall rating in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Folds Of Honor - Tennessee Chapter legitimate?
Folds Of Honor - Tennessee Chapter is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folds Of Honor - Tennessee 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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What is the mission statement of Folds Of Honor - Tennessee Chapter?
The mission of Folds of Honor - Tennessee Chapter, in its own words, is dedicated to providing financial assistance for education to the spouses and children of fallen or disabled service members in the United States armed forces. This is achieved by raising funds for the national Folds of Honor Foundation, which then grants scholarships to cover various educational expenses, such as tuition, books, and room and board, for the dependents of service members who have lost their lives or limbs in the line of duty, or have been classified as having a service-connected disability. The aim is to help these families overcome the financial challenges they face, enabling their children to pursue higher education and secure a better future.
Who is the CEO of Folds Of Honor - Tennessee Chapter?
Matt Frauenshuh is the President of Folds Of Honor - Tennessee Chapter.
What is the revenue of Folds Of Honor - Tennessee Chapter?
Folds Of Honor - Tennessee Chapter's revenue in 2022 was $1,410,124.
Who are the executives of Folds Of Honor - Tennessee Chapter and what are their salaries?
There 22 volunteers at Folds Of Honor - Tennessee Chapter.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Folds Of Honor - Tennessee Chapter?
Folds Of Honor - Tennessee Chapter's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Folds Of Honor - Tennessee Chapter
Folds of Honor - Tennessee Chapter is dedicated to fulfilling the mission of providing financial assistance for education to the spouses and children of fallen and disabled service members in the United States. This nonprofit organization funds educational scholarships to help cover the costs of tuition, textbooks, fees, housing, and other educational expenses for the dependents of service members who have lost their lives in action, died while on active duty, or suffer from a service-connected disability. By raising funds, Folds of Honor - Tennessee Chapter plays a vital role in supporting the education of these families and ensuring that they have the opportunity to continue their academic journey. The organization's goal is to alleviate some of the financial burden that these families may face and provide them with the resources they need to succeed in their educational pursuits.
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Impact
July, 2024
The impact of Folds of Honor - Tennessee Chapter is profound. It provides crucial support to the spouses and children of America's fallen and disabled service members through educational scholarships. By raising funds and granting scholarships, this organization plays a vital role in ensuring that these individuals have the opportunity to pursue higher education and build a better future for themselves. This support extends beyond just financial assistance, offering hope and a sense of security to those who have sacrificed so much for our country.
This information is meant to be a general summary of Folds Of Honor - Tennessee 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.
- Investment Income: $31
- Gross Receipts: $1,785,596
Assets and Liabilities:
- Total Assets: $248,467
- Total Liabilities: $0
- Net Assets: $248,467
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Organization Details
Founding Year
2020
Phone
(615) 804-7405Principal Officer
Matt Frauenshuh
Main Address
664 LEGENDS CREST DR, FRANKLIN, TN, 37069
NTEE Category
Code: B12 - Education
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