2024-10-30T10:01:48-05:00 2023-12-31 430765316 RUBINBROWN LLP 10801 W CHARLESTON BLVD STE 300 LAS VEGAS NV 89135 990 2023-01-01 465371845 THE FOLDED FLAG FOUNDATION FOLD 8442042856 1550 S PAVILION CENTER DRIVE LAS VEGAS NV 89135 KIM FRANK PRESIDENT 8442042856 2024-10-29 1 0 JEFF ALBACH CPA P01419189 7024152112 2023 2024-10-15 13:58:12Z KIM FRANK 1550 S PAVILION CENTER DRIVE LAS VEGAS NV 89135 4992143 0 X WWW.FOLDEDFLAGFOUNDATION.ORG X 2014 FL TO ASSIST THE FAMILIES OF UNITED STATES MILITARY PERSONNEL WHO HAVE LOST THEIR LIVES. 21 20 6 0 0 0 4828047 4423239 0 0 47743 436511 0 0 4875790 4859750 3014660 4113258 0 0 315859 325668 0 0 538264 557071 529414 3887590 4968340 988200 -108590 11952659 11820648 53207 29786 11899452 11790862 THE MISSION OF THE FOLDED FLAG FOUNDATION IS TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL SUPPORT GRANTS TO THE SPOUSES AND CHILDREN OF THE UNITED STATES MILITARY AND GOVERNMENT PERSONNEL WHO DIED AS A RESULT OF HOSTILE ACTION OR IN AN ACCIDENT RELATED TO U.S. COMBAT OPERATIONS. 0 0 4289069 4113258 IN ITS TENTH YEAR OF OPERATIONS, THE FOLDED FLAG FOUNDATION AWARDED 800 SCHOLARSHIPS TO QUALIFYING INDIVIDUALS TOTALING $4,113,258 THROUGHOUT THE UNITED STATES. THE RECIPIENTS OF THE SCHOLARSHIPS FOR THE 2023-2024 SCHOOL YEAR RECEIVED MONEY FOR TUITION AND LIVING EXPENSES RANGING FROM GRADE SCHOOL TO COLLEGE FOR SPOUSES AND CHILDREN OF THE UNITED STATES MILITARY AND GOVERNMENT PERSONNEL WHO HAVE LOST THEIR LIVES AS A RESULT OF HOSTILE ACTION OR IN AN ACCIDENT RELATED TO U.S. COMBAT OPERATIONS. MULTIPLE INDIVIDUALS AND CORPORATIONS HELD SPECIAL EVENTS WHERE PROCEEDS BENEFITED THE FOUNDATION. 4289069 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 8 0 6 1 0 0 0 0 0 0 0 0 0 0 0 X 21 20 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 FL X X THE FOLDED FLAG FOUNDATION INC 7029125374 1550 S PAVILION CENTER DRIVE LAS VEGAS NV 89135 WILLIAM P FOLEY II CHAIRMAN 2.00 X X 0 0 0 FRED SCHREMP VICE CHAIRMAN 8.00 X X 0 0 0 PETER SADOWSKI SECRETARY 2.00 X X 0 0 0 BRYAN COY TREASURER 2.00 X X 0 0 0 PETER BRUAL TRUSTEE 2.00 X 0 0 0 MICHELLE KERSCH TRUSTEE 2.00 X 0 0 0 MICHAEL OATES TRUSTEE 2.00 X 0 0 0 RANDALL M PAIS TRUSTEE 2.00 X 0 0 0 THOMAS A SCHWARTZ TRUSTEE 2.00 X 0 0 0 MICHAEL W SHELTON TRUSTEE 2.00 X 0 0 0 JAMES B STALLINGS JR TRUSTEE 2.00 X 0 0 0 CHRIS AZUR TRUSTEE 2.00 X 0 0 0 FRANK R MARTIRE TRUSTEE 2.00 X 0 0 0 PHIL DISMUKES TRUSTEE 2.00 X 0 0 0 ANTHONY JABBOUR TRUSTEE 2.00 X 0 0 0 PAUL KERN TRUSTEE 2.00 X 0 0 0 KIRK LARSEN TRUSTEE 2.00 X 0 0 0 JAMES WOODALL TRUSTEE 2.00 X 0 0 0 CRAIG BARBER TRUSTEE 2.00 X 0 0 0 KIM FRANK PRESIDENT 40.00 X X 0 259615 0 ERIKA MEINHARDT TRUSTEE 2.00 X 0 0 0 0 259615 0 0 0 1 0 CORE Z OPERATIONS DBA ZIEGFELD BALLROOM 1356 BROADWAY NEW YORK NY 10018 RENTAL OF GALA SPACE 119364 1 1315782 3107457 147994 4423239 436511 436511 132393 1315782 132393 0 4859750 0 0 436511 4113258 4113258 95800 41417 13127 41256 229868 99378 31496 98994 12893 9288 3605 63000 63000 1913 1195 718 11779 11483 57 239 25833 10088 6666 9079 37668 1007 727 35934 7702 7702 INDIRECT EVENT EXPENSES 178999 178999 AUCTION ITEMS 147994 147994 CREDIT CARD PROCESSING 16224 16224 OTHER 9020 1955 3075 3990 16389 11552 4837 4968340 4289069 141007 538264 732393 919541 8569468 8357735 1559916 1220017 138996 156869 52953 19938 10691 9693 2842 998 896091 1145550 11952659 11820648 26034 19527 27173 10259 53207 29786 X 11104330 11474381 795122 316481 11899452 11790862 11952659 11820648 -108590 0 X X 0 1 X 1 0 X 4643918 4364957 5134005 4657767 4275245 23075892 4643918 4364957 5134005 4657767 4275245 23075892 6540960 16534932 67488 33542 22484 47743 436511 607768 7643 466 152467 160576 23844236 0.69350 0.69690 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 7,643. 2020 AMOUNT: $ 466. GAIN ON EXTINGUISHMENT OF DEBT - 2021 AMOUNT: $ 152,467. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10691 9693 998 998 CORPORATE BONDS AND NOTES 1145550 F 1145550 DUE TO RELATED PARTY 10259 10259 X 4892390 32640 32640 4859750 0 4859750 5000980 32640 32640 4968340 0 4968340 PART X, LINE 2: THE FOUNDATION IS A NON-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC AND CHAPTER 220.13 OF THE FLORIDA STATUTES, RESPECTIVELY. AS SUCH, ONLY UNRELATED BUSINESS INCOME IS SUBJECT TO INCOME TAX. THE FOUNDATION EVALUATES ITS TAX POSITIONS FOR ANY UNCERTAINTIES BASED ON THE TECHNICAL MERITS OF THE POSITIONS TAKEN. THE FOUNDATION RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE UPHELD ON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SALUTE TO SERVICE GALA 1124455 1005091 119364 119364 ROCK CREEK 243261 243261 80459 67430 13029 13029 1448175 1315782 132393 132393 132393 0 NV 1 0 1 0 1.00000 THE FOLDED FLAG FOUNDATION INC 1550 S PAVILION CENTER DRIVE LAS VEGAS NV 89135 0 0 1 SCHOLARSHIPS 887 4113258 FMV 2023-2024 SCHOOL YEAR EDUCATIONAL SCHOLARSHIPS PART I, LINE 2: THE FOLDED FLAG FOUNDATION ACCEPTS APPLICATIONS FOR EDUCATIONAL GRANTS AND SCHOLARSHIPS FROM MARCH 1 THROUGH MAY 15 OF EACH YEAR, WITH GRANTS AND SCHOLARSHIPS AWARDED IN TIME FOR THE FALL SEMESTER ENROLLMENT IN THE SAME YEAR. APPLICANTS ARE NOTIFIED BY JULY 15 VIA U.S. POSTAL SERVICE AND/OR EMAIL AS TO THE STATUS OF THEIR APPLICATION. FULL DETAILS ON WWW.FOLDEDFLAGFOUNDATION.ORG/APPLY 0 0 0 0 0 0 0 0 0 KIM FRANK PRESIDENT 0 219615 0 40000 0 0 0 0 0 0 0 259615 0 0 X AUCTION ITEMS 50 147994 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES, BY RESOLUTION ADOPTED BY A MAJORITY OF THE FULL BOARD OF TRUSTEES, MAY DESIGNATE FROM AMONG ITS MEMBERS AN EXECUTIVE COMMITTEE AND ONE OR MORE OTHER COMMITTEES, EACH OF WHICH, TO THE EXTENT PROVIDED IN THE RESOLUTION, SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES, EXCEPT AS LIMITED BY THE LAWS OF THE STATE OF FLORIDA. ALL REQUIREMENTS APPLYING TO THE BOARD OF TRUSTEES REGARDING MEETINGS, NOTICE, WAIVER OF NOTICE, QUORUM AND VOTING APPLY TO COMMITTEES AND THEIR MEMBERS AS WELL. FORM 990, PART VI, SECTION A, LINE 2 WILLIAM P. FOLEY II AND PETER T. SADOWSKI HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CLASSES OF MEMBERS: VOTING MEMBERS AND REGULAR MEMBERS. THE BOARD OF TRUSTEES MAKE UP THE VOTING MEMBERS OF THE ORGANIZATION. VOTING MEMBERS ARE THE ONLY MEMBERS OF THE ORGANIZATION WITH VOTING RIGHTS. ALL OTHER MEMBERS OF THE ORGANIZATION ARE REGULAR MEMBERS WHO HAVE NO VOTING RIGHTS. REGULAR MEMBERS ARE ADMITTED FROM APPLICANTS WHO INDICATE THEIR SUPPORT FOR ORGANIZATION'S EXEMPT PURPOSE. REGULAR MEMBERS ARE ADMITTED UPON THE AFFIRMATIVE VOTE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION WILL PROVIDE A COPY OF THE FORM 990 TO EVERY BOARD MEMBER BEFORE FILING THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON. IF A BOARD MEMBER HAS ANY CONNECTION WITH ANY PROPOSED TRANSACTION OR ARRANGEMENT THAT RAISES AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DECIDES THE PRESIDENT'S SALARY AND ANY INCREASES/BONUSES EACH YEAR AT THE ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE ON THEIR WEBSITE WWW.FOLDEDFLAGFOUNDATION.ORG. RECENT FILINGS OF THE FORM 990 ARE MADE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. THE FORM 990 IS ALSO AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS DID NOT CHANGE. VEGAS GOLDEN KNIGHTS FOUNDATION 1701 VILLAGE CENTER CIRCLE LAS VEGAS NV 89134 815478336 NON PROFIT NV 501(C)(3) N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0