Folds of Honor Foundation
Folds of Honor Foundation reported $75.9 million in revenue and $66.2 million in expenses for calendar year 2025. Of every $100 it spent, $90.96 went to program services, $4.32 to management and general costs and $4.72 to fundraising. Its largest source of revenue was contributions and grants: 97.5% of the total. The highest compensation it reported for one person was $477,274 (CEO & FOUNDER). 36 people received more than $100,000 in reportable compensation. Revenue rose 116% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $66MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $76MOther revenue was negative: −$830K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $477,274 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.72% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 36 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 12 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseScholarships given by the Folds of Honor Foundation scholarship program for qualifying spouses and/or dependent children of military service men and women and first responders killed or disabled while serving and defending our great nation. Through education, the foundation meets sacrifice with hope. Each scholarship is a commitment to the families of those who bravely serve and protect the country and its communities. Qualifying criteria includes documented proof of service, death certificate or disability rating, marriage or dependency status, verified and approved educational…
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO & FOUNDER Director/trustee, officer, 40.00 hrs/week | $440,561 | $0 | $36,713 | $477,274 |
| PRESIDENT Officer, 40.00 hrs/week | $284,016 | $0 | $28,207 | $312,223 |
| CHIEF IMPACT OFFICER Officer, 40.00 hrs/week | $259,288 | $0 | $37,970 | $297,258 |
| CFO Officer, 40.00 hrs/week | $174,316 | $0 | $39,085 | $213,401 |
| SR VP OF CORPORATE DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $166,962 | $0 | $28,529 | $195,491 |
| SENIOR DIRECTOR OF GOLF Highest compensated employee, 40.00 hrs/week | $150,739 | $0 | $39,748 | $190,487 |
| VP OF OPERATIONS Highest compensated employee, 40.00 hrs/week | $145,403 | $0 | $41,814 | $187,217 |
| SR DIRECTOR OF IMPACT Highest compensated employee, 40.00 hrs/week | $174,146 | $0 | $6,966 | $181,112 |
36 people received more than $100,000 in reportable compensation from Folds of Honor Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5109
- Volunteers Part I, line 638
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| NBC UNIVERSAL LLC Advertising services | $1,800,000 |
| IDEA RANCH Various marketing services | $738,799 |
| ORSHAL CONSTRUCTION Construction services | $545,096 |
| AMERICAN DUNES LLC AMERICAN DUNES GOLF C Fundraising event expense | $473,642 |
| ARCHON RESOURCES LLC Employment staffing | $260,062 |
Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to Folds of Honor Foundation totaling $4,255 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Folds of Honor Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Folds of Honor Foundation, you can publish a response that is linked from this page.
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Of every $100 Folds of Honor Foundation spent in 2025, $90.96 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Folds of Honor Foundation's spending goes to programs?
In calendar year 2025, Folds of Honor Foundation reported that 91.0% of its $66.2 million in expenses went to program services, 4.3% to management and general and 4.7% to fundraising (Form 990, Part IX).
How much does Folds of Honor Foundation pay its top executive?
The largest total compensation Folds of Honor Foundation reported for one person in calendar year 2025 was $477,274, for the role of CEO & FOUNDER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Folds of Honor Foundation get its money?
Of $75.9 million in revenue in calendar year 2025, 97.5% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Folds of Honor Foundation a registered charity?
The IRS lists EIN 75-3240683 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202642199349301609 · read the filing
- 2024: Form 990 for calendar year 2024, object 202542469349301579 · read the filing
- 2023: Form 990 for calendar year 2023, object 202403109349302845 · read the filing
- 2022: Form 990 for calendar year 2022, object 202332219349300323 · read the filing
- 2021: Form 990 for calendar year 2021, object 202212369349300726 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132539349301758 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012619349301316 · read the filing
All filings for EIN 75-3240683: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.