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Folds Of Honor Foundation

Minnesota Chapter

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.94M (2022)

Expenses
$1.8M (2022)

Total Assets
$1.19M (2022)

Total Liabilities
$18.6k (2022)

Source: Form 990 tax filings from 2014 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,939,387
Expenses
$1,804,068
Net Income
$135,319
Net Assets
$1,167,672
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,353,092
> 100%
Program Services $0
Investment Income $22,817
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$483,951
Sales of Assets $47,429
2.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $22,780
1.3%
Assets/Debt
Total Assets $1,186,272
Total Liabilities $18,600
Net Assets $1,167,672
Compensation
Key Employees and Officers Compensation Related Other
Perry Schmidt (President) $0 $0 $0
Anne Schmidt (Secretary) $0 $0 $0
Robert Cron (Treasurer) $0 $0 $0
Rob Holt (Director) $0 $0 $0
Chris Schwartzbauer (Director) $0 $0 $0
John Pohlad (Director) $0 $0 $0
John Russett (Director) $0 $0 $0
Matt Frauenshuh (Director) $0 $0 $0
Paul Taunton (Director) $0 $0 $0
Peter Burwell (Director) $0 $0 $0
Steve Anderson (Director) $0 $0 $0
Neil Loidolt (Director) $0 $0 $0
John Russet (Director) $0 $0 $0
Jay Tibbets (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,044,119
Expenses
$1,508,523
Net Income
$535,596
Net Assets
$1,226,899
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,376,252
67.3%
Program Services $0
Investment Income $76,409
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $591,458
28.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $11,250
0.7%
Assets/Debt
Total Assets $1,228,818
Total Liabilities $1,919
Net Assets $1,226,899
Compensation
Key Employees and Officers Compensation Related Other
Perry Schmidt (President) $0 $0 $0
Anne Schmidt (Secretary) $0 $0 $0
Robert Cron (Treasurer) $0 $0 $0
Rob Holt (Director) $0 $0 $0
Chris Schwartzbauer (Director) $0 $0 $0
John Pohlad (Director) $0 $0 $0
John Russett (Director) $0 $0 $0
Matt Frauenshuh (Director) $0 $0 $0
Paul Taunton (Director) $0 $0 $0
Peter Burwell (Director) $0 $0 $0
Steve Anderson (Director) $0 $0 $0
Dan Otis (Director) $0 $0 $0
Neil Loidolt (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$976,279
Expenses
$956,398
Net Income
$19,881
Net Assets
$691,303
Notable Sources of Revenue Percent of Total Revenue
Contributions $925,781
94.8%
Program Services $0
Investment Income $79,915
8.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$29,417
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $80,600
8.4%
Assets/Debt
Total Assets $691,603
Total Liabilities $300
Net Assets $691,303
Compensation
Key Employees and Officers Compensation Related Other
Perry Schmidt (President) $0 $0 $0
Anne Schmidt (Secretary) $0 $0 $0
Robert Cron (Treasurer) $0 $0 $0
Rob Holt (Director) $0 $0 $0
Chris Schwartzbauer (Director) $0 $0 $0
John Pohlad (Director) $0 $0 $0
John Russett (Director) $0 $0 $0
Matt Frauenshuh (Director) $0 $0 $0
Paul Taunton (Director) $0 $0 $0
Peter Burwell (Director) $0 $0 $0
Steve Anderson (Director) $0 $0 $0
Dan Otis (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,024,060
Expenses
$811,039
Net Income
$213,021
Net Assets
$674,856
Notable Sources of Revenue Percent of Total Revenue
Contributions $826,016
80.7%
Program Services $0
Investment Income $50,549
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $141,622
13.8%
Sales of Assets $0
Net Inventory Sales $5,873
0.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $66,500
8.2%
Assets/Debt
Total Assets $674,914
Total Liabilities $58
Net Assets $674,856
Compensation
Key Employees and Officers Compensation Related Other
Perry Schmidt (President) $0 $0 $0
Anne Schmidt (Secretary) $0 $0 $0
Robert Cron (Treasurer) $0 $0 $0
Tony Ahl (Director) $0 $0 $0
Steve Anderson (Director) $0 $0 $0
Matt Frauenshuh (Director) $0 $0 $0
Jason Korstange (Director) $0 $0 $0
Dan Otis (Director) $0 $0 $0
John Pohlad (Director) $0 $0 $0
John Russett (Director) $0 $0 $0
Chris Schwartzbauer (Director) $0 $0 $0
Paul Taunton (Director) $0 $0 $0

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Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$673,135
Expenses
$643,225
Net Income
$29,910
Net Assets
$465,733
Notable Sources of Revenue Percent of Total Revenue
Contributions $630,732
93.7%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $43,982
6.5%
Sales of Assets $0
Net Inventory Sales -$1,579
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $72,500
11.3%
Assets/Debt
Total Assets $466,713
Total Liabilities $980
Net Assets $465,733
Compensation
Key Employees and Officers Compensation Related Other
Perry Schmidt (President) $0 $0 $0
Anne Schmidt (Secretary) $0 $0 $0
Robert Cron (Treasurer) $0 $0 $0
Tony Ahl (Director) $0 $0 $0
Steve Anderson (Director) $0 $0 $0
Matt Frauenshuh (Director) $0 $0 $0
Jason Korstange (Director) $0 $0 $0
Dan Otis (Director) $0 $0 $0
John Pohlad (Director) $0 $0 $0
John Russett (Director) $0 $0 $0
Chris Schwartzbauer (Director) $0 $0 $0
Paul Taunton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$747,051
Expenses
$499,607
Net Income
$247,444
Net Assets
$435,794
Notable Sources of Revenue Percent of Total Revenue
Contributions $732,092
98.0%
Program Services $0
Investment Income $15,505
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$4,113
Sales of Assets $0
Net Inventory Sales $3,500
0.5%
Other Revenue $67
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $74,999
15.0%
Assets/Debt
Total Assets $439,346
Total Liabilities $3,552
Net Assets $435,794
Compensation
Key Employees and Officers Compensation Related Other
Perry Schmidt (President) $0 $0 $0
Anne Cummings Schmidt (Secretary) $0 $0 $0
Robert Cron (Treasurer) $0 $0 $0
Tony Ahl (Director) $0 $0 $0
Matt Frauenshuh (Director) $0 $0 $0
Jason Korstange (Director) $0 $0 $0
John Pohlad (Director) $0 $0 $0
Chris Schwartzbauer (Director) $0 $0 $0
Paul Taunton (Director) $0 $0 $0
Peter Taunton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$544,050
Expenses
$461,463
Net Income
$82,587
Net Assets
$196,999
Notable Sources of Revenue Percent of Total Revenue
Contributions $674,667
> 100%
Program Services $0
Investment Income $1,514
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$133,316
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,185
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $202,496
Total Liabilities $5,497
Net Assets $196,999
Compensation
Key Employees and Officers Compensation Related Other
Perry Schmidt (President) $0 $0 $0
Anne Schmidt (Secretary) $0 $0 $0
Bob Cron (Treasurer) $0 $0 $0
Tony Ahl (Director) $0 $0 $0
Matt Frauenshuh (Director) $0 $0 $0
Jason Korstange (Director) $0 $0 $0
Isaiah Maring (Director) $0 $0 $0
John Pohlad (Director) $0 $0 $0
Chris Schwartzbauer (Director) $0 $0 $0
Paul Taunton (Director) $0 $0 $0
Peter Taunton (Director) $0 $0 $0
Eric Timko (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$490,421
Expenses
$418,585
Net Income
$71,836
Net Assets
$114,412
Notable Sources of Revenue Percent of Total Revenue
Contributions $623,612
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$139,391
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,200
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,100
5.5%
Assets/Debt
Total Assets $116,040
Total Liabilities $1,628
Net Assets $114,412
Compensation
Key Employees and Officers Compensation Related Other
Perry Schmidt (President) $0 $0 $0
Anne Schmidt (Secretary) $0 $0 $0
Bob Cron (Treasurer) $0 $0 $0
Tony Ahl (Director) $0 $0 $0
Isaiah Maring (Director) $0 $0 $0
John Pohlad (Director) $0 $0 $0
Paul Taunton (Director) $0 $0 $0
Peter Taunton (Director) $0 $0 $0
Eric Timko (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$187,076
Expenses
$144,500
Net Income
$42,576
Net Assets
$42,576
Notable Sources of Revenue Percent of Total Revenue
Contributions $197,950
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$10,874
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $9,619
6.7%
Assets/Debt
Total Assets $46,263
Total Liabilities $3,687
Net Assets $42,576
Compensation
Key Employees and Officers Compensation Related Other
Perry Schmidt (President) $0 $0 $0
Anne Schmidt (Secretary) $0 $0 $0
Bob Cron (Treasurer) $0 $0 $0
John Pohlad (Director) $0 $0 $0
Paul Taunton (Director) $0 $0 $0
Peter Taunton (Director) $0 $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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