Nonprofit · EIN 46-2823616
FOLDS OF HONOR FOUNDATION
Also known as INDIANA CHAPTER
Tax-exempt (reinstated) · CARMEL, IN 46032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $836,714 | $736,594 | $100,120 | $1,392,061 | $4,100 | $1,387,961 |
| December 31, 2024 | 990 | $413,788 | $348,543 | $65,245 | $1,258,042 | $0 | $1,258,042 |
| December 31, 2023 | 990 | $453,960 | $441,446 | $12,514 | $1,124,218 | $2,950 | $1,121,268 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $766,798
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $50,586
- Net income from sales of inventory
- $19,330
- Other revenue
- $69,916
Expenses
- Grants and similar amounts paid
- $550,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $2,481
- Program services (functional)
- $550,000
- Management and general (functional)
- $127,683
- Fundraising (functional)
- $58,911
Balance sheet and other
- Total assets, start of year
- $1,279,904
- Total assets, end of year
- $1,392,061
- Total liabilities, end of year
- $4,100
- Net assets, end of year
- $1,387,961
- Land, buildings and equipment
- $4,234
- Gross receipts
- $881,255
- Employees
- 0
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Daggett | President Officer | 4 | $0 |
| Steve Bishop | Vice President Officer | 4 | $0 |
| Scott Kasmer | Executive Dir. Officer | 4 | $0 |
| Jacob Brown | Secretary Officer | 4 | $0 |
| Zach Porter | Treasurer Officer | 4 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL DAGGETT | PRESIDENT Trustee or director, Officer | 4 | $0 |
| TERRANCE SMITH | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| JACOB BROWN | TREASURER Trustee or director, Officer | 4 | $0 |
| DIANE MARKLE | SECRETARY Trustee or director, Officer | 4 | $0 |
| MARCUS FISCHER | DIRECTOR Trustee or director | 4 | $0 |
| REBECCA WILSON-LUSK | DIRECTOR Trustee or director | 4 | $0 |
| TIM INGLE | DIRECTOR Trustee or director | 4 | $0 |
| JANINE DAGGETT | DIRECTOR Trustee or director | 4 | $0 |
| SCOTT KASMER | EXECUTIVE DIRECTOR Trustee or director, Officer | 4 | $0 |
| DENVER GRAY | DIRECTOR Trustee or director | 2.5 | $0 |
| DAVID SKINNER | DIRECTOR Trustee or director | 2.5 | $0 |
| TERRY MULLINS | DIRECTOR Trustee or director | 2.5 | $0 |
| STEVE BISHOP | DIRECTOR Trustee or director | 2.5 | $0 |
| GARY WOODRUFF | DIRECTOR Trustee or director | 2.5 | $0 |
| DEREK MENENDEZ | DIRECTOR Trustee or director | 2.5 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL DAGGETT | PRESIDENT Trustee or director, Officer | 4 | $0 |
| TERRANCE SMITH | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| JACOB BROWN | TREASURER Trustee or director, Officer | 4 | $0 |
| DIANE MARKLE | SECRETARY Trustee or director, Officer | 4 | $0 |
| MARCUS FISCHER | DIRECTOR Trustee or director | 4 | $0 |
| REBECCA WILSON-LUSK | DIRECTOR Trustee or director | 4 | $0 |
| TIM INGLE | DIRECTOR Trustee or director | 4 | $0 |
| JANINE DAGGETT | DIRECTOR Trustee or director | 4 | $0 |
| SCOTT KASMER | EXECUTIVE DIRECTOR Trustee or director, Officer | 4 | $0 |
| DENVER GRAY | DIRECTOR Trustee or director | 2.5 | $0 |
| DAVID SKINNER | DIRECTOR Trustee or director | 2.5 | $0 |
| TERRY MULLINS | DIRECTOR Trustee or director | 2.5 | $0 |
| STEVE BISHOP | DIRECTOR Trustee or director | 2.5 | $0 |
| GARY WOODRUFF | DIRECTOR Trustee or director | 2.5 | $0 |
| DEREK MENENDEZ | DIRECTOR Trustee or director | 2.5 | $0 |
Address and contacts
- Address (IRS master file)
- 4000 W 106TH ST STE 125, CARMEL, IN 46032-7730
- Signed the 990
- Mike Daggett, President
- Phone
- (210) 882-7641
- Return prepared by
- Integrated Accounting Solutions
Mission
Folds of Honor is a 501(c)(3) nonprofit organization that provides educational scholarships to the spouses and children of military members who have fallen or been disabled while serving in the United States Armed Forces. Our educational scholarships support private school tuition or tutoring in grades K-12, tuition for college, technical or trade school and post-graduate work, including a masters degree, doctorate, or professional program. Funds for a second bachelors degree or trade/technical program certification are also available. Since its inception in 2007, Folds of Honor has awarded nearly 62,000 scholarships totaling over $290 million in all 50 states. Among the students served, 45 percent are minorities. It is rated a four-star charity by Charity Navigator and Platinum on GuideStar. It was founded by Lt Col Dan Rooney, the only-ever F-16 fighter pilot (with three combat tours in Iraq) and PGA Professional. For more information or to donate in support of a Folds of Honor schol
Program accomplishments
- RAISED FUNDS TO PROVIDE SCHOLARSHIPS TO THE FAMILIES OF FALLEN OR DISABLED VETERANS AND FIRST RESPONDERSExpenses $550,000 · grants $550,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2823616
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $1,392,061
- Income (IRS master file)
- $881,255
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- August 13, 2018
- Reinstated
- Effective May 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $836,714 | $736,594 | $1,392,061 | XML |
| 990 | December 2024 | $413,788 | $348,543 | $1,258,042 | XML |
| 990 | December 2023 | $453,960 | $441,446 | $1,124,218 | XML |
| 990 | December 2022 | $1,311,054 | $278,621 | $1,108,754 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2823616).
Questions about FOLDS OF HONOR FOUNDATION
- What is the EIN of FOLDS OF HONOR FOUNDATION?
- The employer identification number (EIN) of FOLDS OF HONOR FOUNDATION is 46-2823616.
- Is FOLDS OF HONOR FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective May 15, 2018.
- Are donations to FOLDS OF HONOR FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOLDS OF HONOR FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOLDS OF HONOR FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOLDS OF HONOR FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of FOLDS OF HONOR FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FOLDS OF HONOR FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $836,714, expenses of $736,594 and total assets of $1,392,061 at year end.
Other nonprofits in CARMEL
- LITTLE STAR CENTER INC EIN 30-0021977 · last filed 990 for 2024
- UNIVERSITY HIGH SCHOOL OF INDIANA INC EIN 35-2034546 · last filed 990 for 2025
- LAMBDA CHI ALPHA EDUCATIONAL FOUNDATION INC EIN 13-6266432 · last filed 990 for 2025
- CLVEN NATIONAL HOUSE CORPORATION EIN 81-2669741 · last filed 990 for 2025
- ZETA TAU ALPHA FOUNDATION INC EIN 31-0987111 · last filed 990 for 2025
- LITTLE BUNS INC EIN 35-1851458 · last filed 990 for 2024
- ALPHA SIGMA PHI FOUNDATION INC EIN 14-1908351 · last filed 990 for 2025
- INDIANA AGRICULTURE EDUCATION INC EIN 81-5307679 · last filed 990 for 2023