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Nonprofit · EIN 46-5531485

FOLDS OF HONOR FOUNDATION

Also known as MINNESOTA INC FOLDS OF HONOR FOUNDT

Tax-exempt · WAYZATA, MN 55391

Financials

$1.8M$1.8M2023$1.9M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of FOLDS OF HONOR FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,919,110$2,316,194-$397,084$891,422$5,025$886,397
December 31, 2023990$1,833,794$1,818,187$15,607$1,296,550$13,069$1,283,481
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,934,801
Program service revenue
$0
Investment income
$123,761
Net gain from sales of assets
$79,051
Net income from fundraising events
-$153,175
Net income from gaming
$9,095
Net income from sales of inventory
$4,628
Other revenue
-$139,452

Expenses

Grants and similar amounts paid
$1,571,661
Compensation of officers, directors and key employees
$170,082
Other salaries and wages
$227,551
Salaries, compensation and benefits (total)
$397,633
Professional fundraising fees
$0
Accounting fees
$38,090
Occupancy
$4,419
Travel
$34,796
Program services (functional)
$2,013,226
Management and general (functional)
$219,256
Fundraising (functional)
$83,712

Balance sheet and other

Total assets, start of year
$1,296,550
Total assets, end of year
$891,422
Total liabilities, end of year
$5,025
Net assets, end of year
$886,397
Publicly traded securities
$374,801
Net assets without donor restrictions
$886,397
Gross receipts
$3,466,004
Employees
4
Volunteers
30
Year formed
2014
State of legal domicile
MN

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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MATT BRUNSEXECUTIVE DIRECTOR
Officer
40$163,505$6,577
PERRY SCHMIDTPRESIDENT
Trustee or director, Officer
4$0$0
BOB CRONTREASURER
Trustee or director, Officer
1$0$0
KAM KIELHORNSECRETARY
Trustee or director, Officer
1$0$0
JOHN POHLADDIRECTOR
Trustee or director
1$0$0
CHRIS SCHWARTZBAUERDIRECTOR
Trustee or director
1$0$0
NEAL LOIDOLTDIRECTOR
Trustee or director
1$0$0
SCOTT NYGAARDDIRECTOR
Trustee or director
1$0$0
LYNN PLASCHKODIRECTOR
Trustee or director
1$0$0
MIKE WALLACEDIRECTOR
Trustee or director
1$0$0
DAVID BARBEROTDIRECTOR
Trustee or director
1$0$0
ROGER MALDONADODIRECTOR
Trustee or director
1$0$0
MITCH DAYDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensation
MATT BRUNSEXECUTIVE DIRECTOR
Officer
40$81,666
JOHN RUSSETT TERM EXPIRED 623PRESIDENT
Trustee or director, Officer
4$0
PERRY SCHMIDT STARTING 623PRESIDENT
Trustee or director, Officer
4$0
JAY TIBBETSVICE PRESIDENT
Trustee or director, Officer
4$0
BOB CRONTREASURER
Trustee or director, Officer
1$0
KAM KIELHORNSECRETARY
Trustee or director, Officer
1$0
JOHN POHLADDIRECTOR
Trustee or director
1$0
CHRIS SCHWARTZBAUERDIRECTOR
Trustee or director
1$0
NEAL LOIDOLTDIRECTOR
Trustee or director
1$0
SCOTT NYGAARDDIRECTOR
Trustee or director
1$0
LYNN PLASCHKODIRECTOR
Trustee or director
1$0
MIKE WALLACEDIRECTOR
Trustee or director
1$0
DAVID BARBEROTDIRECTOR
Trustee or director
1$0
ROGER MALDONADODIRECTOR
Trustee or director
1$0
MITCH DAYDIRECTOR
Trustee or director
1$0
STEVE ANDERSONDIRECTOR
Trustee or director
1$0
ROB HOLTDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 723, WAYZATA, MN 55391-0723
Principal officer (990 for 2024)
PERRY SCHMIDT, 229 MINNETONKA AVE S PO BOX 723, WAYZATA, MN 55391
Signed the 990
PERRY SCHMIDT, PRESIDENT
Phone
(952) 913-5394
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $2,013,226 · grants $1,571,661 · revenue $4,628

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-5531485
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B12)
Assets (IRS master file)
$891,422
Income (IRS master file)
$3,466,004

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,919,110$2,316,194$891,422XML
990December 2023$1,833,794$1,818,187$1,296,550XML
990December 2022$1,939,387$1,804,068$1,186,272IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 46-5531485).

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 46-5531485.
Is FOLDS OF HONOR FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
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 2025 (the year ending December 31, 2025) is due May 15, 2026. 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 2024.
Who is the principal officer of FOLDS OF HONOR FOUNDATION?
The 990 for the year ended December 31, 2024 names PERRY SCHMIDT.
Who are the officers and directors of FOLDS OF HONOR FOUNDATION?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $163,505 (MATT BRUNS, EXECUTIVE DIRECTOR).
How much revenue does FOLDS OF HONOR FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,919,110, expenses of $2,316,194 and total assets of $891,422 at year end.

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