2024-11-12T12:28:39-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-01-01 465531485 FOLDS OF HONOR FOUNDATION MINNESOTA INC FOLD 9529135394 229 MINNETONKA AVE S PO BOX 723 WAYZATA MN 55391 ROBERT CRON TREASURER 9529135394 2024-11-11 1 0 KIMBERLY ANDERSON P00188889 6086628600 2024-11-11 2023 2024-10-15 13:58:12Z ROBERT CRON 229 MINNETONKA AVE S PO BOX 723 WAYZATA MN 55391 2960021 0 X HTTP://MINNESOTA.FOLDSOFHONOR.ORG X 2014 MN RAISE FUNDS FOR FOLDS OF HONOR FOUNDATION TO ASSIST FAMILIES OF FALLEN & DISABLED SERVICE MEMBERS AND DEPENDENTS OF FIRST RESPONDERS (PEACE OFFICERS, EMTS, AND FIRE FIGHTERS) 15 15 3 30 0 0 2353092 1752722 0 0 70246 56928 -483951 24144 1939387 1833794 1500000 1455000 0 0 22780 107148 0 0 33454 281288 256039 1804068 1818187 135319 15607 1186272 1296550 18600 13069 1167672 1283481 X THE FOLDS OF HONOR FOUNDATION IS RALLYING A NATION TO ENSURE NO FAMILY IS LEFT BEHIND IN THE FIGHT TO PRESERVE AMERICAN FREEDOM. THROUGH SCHOLARSHIPS AND OTHER ASSISTANCE, WE GIVE BACK TO THE SPOUSES AND CHILDREN OF SOLDIERS KILLED OR DISABLED IN SERVICE TO OUR COUNTRY. WE PROVIDE HEALING, HOPE AND AN OPPORTUNITY FOR DREAMS TO BE REALIZED WITH THE SUPPORT OF PEOPLE LIKE YOU. WE FEEL THIS IS OUR DUTY AS CITIZENS OF THE GREATEST COUNTRY IN THE WORLD. 1 1 1586696 1455000 0 THE FOLDS OF HONOR FOUNDATION IS RALLYING A NATION TO ENSURE NO FAMILY IS LEFT BEHIND IN THE FIGHT TO PRESERVE AMERICAN FREEDOM. THROUGH SCHOLARSHIPS AND OTHER ASSISTANCE, WE GIVE BACK TO THE SPOUSES AND CHILDREN OF SOLDIERS KILLED OR DISABLED IN SERVICE TO OUR COUNTRY. WE PROVIDE HEALING, HOPE AND AN OPPORTUNITY FOR DREAMS TO BE REALIZED WITH THE SUPPORT OF PEOPLE LIKE YOU. WE FEEL THIS IS OUR DUTY AS CITIZENS OF THE GREATEST COUNTRY IN THE WORLD. 1586696 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 3 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MN X MATT BRUNS 6122961309 229 MINNETONKA AVE S PO BOX 723 WAYZATA MN 55391 JOHN RUSSETT TERM EXPIRED 623 PRESIDENT 4.00 X X 0 0 0 PERRY SCHMIDT STARTING 623 PRESIDENT 4.00 X X 0 0 0 JAY TIBBETS VICE PRESIDENT 4.00 X X 0 0 0 BOB CRON TREASURER 1.00 X X 0 0 0 KAM KIELHORN SECRETARY 1.00 X X 0 0 0 JOHN POHLAD DIRECTOR 1.00 X 0 0 0 CHRIS SCHWARTZBAUER DIRECTOR 1.00 X 0 0 0 NEAL LOIDOLT DIRECTOR 1.00 X 0 0 0 SCOTT NYGAARD DIRECTOR 1.00 X 0 0 0 LYNN PLASCHKO DIRECTOR 1.00 X 0 0 0 MIKE WALLACE DIRECTOR 1.00 X 0 0 0 DAVID BARBEROT DIRECTOR 1.00 X 0 0 0 ROGER MALDONADO DIRECTOR 1.00 X 0 0 0 MITCH DAY DIRECTOR 1.00 X 0 0 0 STEVE ANDERSON DIRECTOR 1.00 X 0 0 0 ROB HOLT DIRECTOR 1.00 X 0 0 0 MATT BRUNS EXECUTIVE DIRECTOR 40.00 X 81666 0 0 81666 0 0 0 0 0 0 1 986479 766243 1093 1752722 53964 53964 328506 325542 2964 2964 2964 824829 986479 800685 24144 24144 1833794 0 0 81072 1455000 1455000 107148 107148 38620 38620 117331 117331 11508 11508 37290 37290 4796 4796 5245 5245 13649 13649 5654 5654 EVENT EXPENSE 21946 21946 1818187 1586696 198037 33454 339533 282322 49052 138310 2331 56556 3129 3129 0 0 795356 819362 1186272 1296550 18600 13069 18600 13069 X 0 0 0 0 1167672 1283481 1167672 1283481 1186272 1296550 15607 100202 0 X X 1 X 1 X 1 0 X 826016 925781 1376252 2340625 1752722 7221396 826016 925781 1376252 2340625 1752722 7221396 1504912 5716484 50549 79914 76409 70246 53964 331082 7552478 2761630 0.75690 0.80470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3129 3129 0 0 X 2894043 100202 159362 800685 1060249 1833794 0 1833794 2778234 159362 800685 960047 1818187 0 1818187 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (THE CODE) AND COMPARABLE STATE LAW, AND CONTRIBUTIONS TO IT ARE TAX DEDUCTIBLE WITHIN THE LIMITATIONS PRESCRIBED BY THE CODE. DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2020. INTEREST AND PENALTIES ARE CLASSIFIED AS EXPENSE AS INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 800,685. ROUNDING PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 800,685. PATRIOT CONCERT 793146 332499 460647 4982 1116 341753 WINGMAN OPEN GOLF EVENT 615875 365167 250708 5030 277148 2 402287 288813 113474 108 34352 136196 1811308 986479 824829 10120 35468 755097 800685 24144 1 FOLDS OF HONOR NATIONAL 401 CONGRESS AVENUE SUITE 3050 AUSTIN TX 78701 753240683 501(C)(3) 1455000 0 N/A N/A EDUCATIONAL SCHOLARSHIPS 1 PART I, LINE 2: FOLDS OF HONOR MINNESOTA IS A CHAPTER OF THE FOLDS OF HONOR NATIONAL ORGANIZATION. GRANTS AND ASSISTANCE ARE FORWARDED DIRECTLY TO THE NATIONAL ORGANIZATION, AND SCHOLARSHIPS AND AWARDS ARE ISSUED THROUGH THE NATIONAL ORGANIZATION. FORM 990, PART III, LINE 2 THE ADDITION OF FIRST RESPONDERS SPOUSES AND CHILDREN AS RECIPIENTS OF EDUCATIONAL SCHOLARSHIPS. FORM 990, PART III, LINE 3 THE ADDITION OF FIRST RESPONDERS SPOUSES AND CHILDREN AS RECIPIENTS OF EDUCATIONAL SCHOLARSHIPS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS MADE UP OF THE BOARD OF DIRECTORS PRESIDENT, VICE PRESIDENT, TREASURER AND STANDING BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND WAS REVIEWED AND APPROVED BY THE BOARD PRESIDENT. A COPY WAS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST OR FIDUCIARY RESPONSIBILITY AND ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENTS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST OR FIDUCIARY RESPONSIBILITY AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, IF REQUESTED, HE OR SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINAL DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION AND BONUSES OF THE EMPLOYEE ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. SALARY IS ESTABLISHED BASED ON THE COMPARATIVE DATA. ALL RELEVANT INFORMATION IS DOCUMENTED IN THE MINUTES OF THE MEETING. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE IN PROCESS FROM THE PRIOR YEAR. FOLDS OF HONOR FOUNDATION - OK 9500 NORTH 129TH EAST AVE SUITE 235 OWASSO OK 74055 753240683 NON-PROFIT OK 501(C)(3) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 FOLDS OF HONOR FOUNDATION - OK B 1455000 CASH - WIRE TRANSFERS FOLDS OF HONOR FOUNDATION - OK O 159362 DIRECT PAYROLL