2025-11-13T14:48:09-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2024-01-01 465531485 FOLDS OF HONOR FOUNDATION MINNESOTA INC FOLD 9529135394 229 MINNETONKA AVE S PO BOX 723 WAYZATA MN 55391 PERRY SCHMIDT PRESIDENT 9529135394 2025-11-12 1 1 LAURA SCHWEITZER CPA P01760010 6086628600 2025-11-12 2024 2025-03-06 01:10:19Z PERRY SCHMIDT 229 MINNETONKA AVE S PO BOX 723 WAYZATA MN 55391 3466004 0 6183 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) 12 12 4 30 0 0 1752722 1934801 0 0 56928 123761 24144 -139452 1833794 1919110 1455000 1571661 0 0 107148 397633 0 0 83712 256039 346900 1818187 2316194 15607 -397084 1296550 891422 13069 5025 1283481 886397 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. 0 0 2013226 1571661 4628 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. 2013226 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 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 PERRY SCHMIDT 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 MATT BRUNS EXECUTIVE DIRECTOR 40.00 X 163505 0 6577 163505 0 6577 1 0 1 0 0 699196 1235605 203 1934801 44710 44710 764792 685741 79051 79051 79051 698828 699196 852003 -153175 -153175 18245 9150 9095 9095 4628 0 4628 4628 1919110 4628 0 -20319 1561661 1561661 10000 10000 170082 170082 227551 227551 38090 38090 6254 6254 125208 125208 2945 2945 27833 27833 4419 4419 34796 34796 21871 21871 4717 4717 EVENT EXPENSES 80767 80767 2316194 2013226 219256 83712 282322 381224 138310 130728 1584 56556 3085 0 0 0 0 819362 374801 1296550 891422 13069 5025 13069 5025 X 1283481 886397 1283481 886397 1296550 891422 -397084 0 X 0 1 X 1 0 X 925781 1376252 2340625 1752722 1934801 8330181 925781 1376252 2340625 1752722 1934801 8330181 2173955 6156226 79914 76409 70246 53964 44710 325243 9095 9095 8664519 2192065 0.71050 0.75690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2774009 861153 861153 1912856 6254 6254 1919110 3171093 861153 861153 2309940 6254 6254 2316194 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, 2024 AND 2023, 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 2021. INTEREST AND PENALTIES ARE CLASSIFIED AS EXPENSE AS INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 861,153. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 861,153. PATRIOT CONCERT 709726 278357 431369 0 61829 143439 41607 184494 79233 WINGMAN OPEN GOLF EVENT 633385 377926 255459 25475 117167 105145 7672 0 66289 2 53837 41837 12000 19653 1396948 698120 698828 25475 178996 248584 49279 184494 165175 852003 -153175 18245 5000 4000 150 1 0.25000 18245 5000 4000 150 9150 9095 MN 1 0 0 0 0.00000 1.00000 RACHEL SNYDER 229 MINNETONKA AVE S PO BOX 723 WAYZATA MN 55391 0 RACHEL SNYDER 0 MANAGES THE RAFFLE ACTIVITY AND OVERSEES BANK DEPOSITS X 0 1 FOLDS OF HONOR NATIONAL 5971 PATRIOT DR OWASSO OK 74055 753240683 501(C)(3) 1555000 0 N/A N/A EDUCATIONAL SCHOLARSHIPS 1 0 SCHOLARSHIPS 2 10000 0 N/A N/A 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. X X 0 0 0 0 0 0 0 0 0 MATT BRUNS EXECUTIVE DIRECTOR 163505 0 0 0 0 0 6577 0 0 0 170082 0 0 0 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. THE POTENTIAL CONFLICT SITUATION AND ALL PARTIES INVOLVED WILL BE DISCLOSED IN THE MEETING MINUTES. 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 2024. 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.