Nonprofit · EIN 46-5371845
FOLDED FLAG FOUNDATION INC
Tax-exempt · JACKSONVILLE, FL 32204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,677,468 | $5,458,921 | -$781,453 | $11,039,659 | $30,250 | $11,009,409 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,563,525
- Program service revenue
- $0
- Investment income
- $458,702
- Net income from fundraising events
- $655,241
- Other revenue
- $655,241
Expenses
- Grants and similar amounts paid
- $4,545,917
- Compensation of officers, directors and key employees
- $94,320
- Other salaries and wages
- $227,268
- Salaries, compensation and benefits (total)
- $321,588
- Professional fundraising fees
- $0
- Accounting fees
- $66,000
- Travel
- $39,098
- Program services (functional)
- $4,760,104
- Management and general (functional)
- $140,422
- Fundraising (functional)
- $558,395
Balance sheet and other
- Total assets, start of year
- $11,820,648
- Total assets, end of year
- $11,039,659
- Total liabilities, end of year
- $30,250
- Net assets, end of year
- $11,009,409
- Land, buildings and equipment
- $172
- Net assets without donor restrictions
- $10,705,668
- Net assets with donor restrictions
- $303,741
- Gross receipts
- $4,793,627
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- FL
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM P FOLEY II | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| FRED SCHREMP | VICE CHAIRMAN Trustee or director, Officer | 8 | $0 |
| PETER SADOWSKI | SECRETARY Trustee or director, Officer | 2 | $0 |
| BRYAN COY | TREASURER Trustee or director, Officer | 2 | $0 |
| PETER BRUAL | TRUSTEE Trustee or director | 2 | $0 |
| MICHELLE KERSCH | TRUSTEE Trustee or director | 2 | $0 |
| MICHAEL OATES | TRUSTEE Trustee or director | 2 | $0 |
| RANDALL M PAIS | TRUSTEE Trustee or director | 2 | $0 |
| THOMAS A SCHWARTZ | TRUSTEE Trustee or director | 2 | $0 |
| MICHAEL W SHELTON | TRUSTEE Trustee or director | 2 | $0 |
| MEGAN ORTIZ | TRUSTEE Trustee or director | 2 | $0 |
| CHRIS AZUR | TRUSTEE Trustee or director | 2 | $0 |
| FRANK R MARTIRE | TRUSTEE Trustee or director | 2 | $0 |
| PHIL DISMUKES | TRUSTEE Trustee or director | 2 | $0 |
| ANTHONY JABBOUR | TRUSTEE Trustee or director | 2 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL KERN | TRUSTEE Trustee or director | 2 | $0 |
| KIRK LARSEN | TRUSTEE Trustee or director | 2 | $0 |
| JAMES WOODALL | TRUSTEE Trustee or director | 2 | $0 |
| CRAIG BARBER | TRUSTEE Trustee or director | 2 | $0 |
| ERIKA MEINHARDT | TRUSTEE Trustee or director | 2 | $0 |
| KIM FRANK | PRESIDENT Officer | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 601 RIVERSIDE AVE T1, JACKSONVILLE, FL 32204-2901
- Principal officer (990 for 2024)
- KIM FRANK, 1550 S PAVILION CENTER DRIVE, LAS VEGAS, NV 89135
- Signed the 990
- KIM FRANK, PRESIDENT
- Phone
- (844) 204-2856
- Return prepared by
- RUBINBROWN LLP
Mission
THE MISSION OF THE FOLDED FLAG FOUNDATION IS TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL SUPPORT GRANTS TO THE SPOUSES AND CHILDREN OF THE UNITED STATES MILITARY AND GOVERNMENT PERSONNEL WHO DIED AS A RESULT OF HOSTILE ACTION OR IN AN ACCIDENT RELATED TO U.S. COMBAT OPERATIONS.
Program accomplishments
- IN ITS ELEVENTH YEAR OF OPERATIONS, THE FOLDED FLAG FOUNDATION AWARDED 1,073 SCHOLARSHIPS TO QUALIFYING INDIVIDUALS TOTALING $4,545,917 THROUGHOUT THE UNITED STATES. THE RECIPIENTS OF THE SCHOLARSHIPS FOR THE 2024-2025 SCHOOL YEAR RECEIVED MONEY FOR TUITION AND LIVING EXPENSES RANGING FROM GRADE SCHOOL TO COLLEGE FOR SPOUSES AND CHILDREN OF THE UNITED STATES MILITARY AND GOVERNMENT PERSONNEL WHO HAVE LOST THEIR LIVES AS A RESULT OF HOSTILE ACTION OR IN AN ACCIDENT RELATED TO U.S. COMBAT OPERATIONS. MULTIPLE INDIVIDUALS AND CORPORATIONS HELD SPECIAL EVENTS WHERE PROCEEDS BENEFITED THE FOUNDATION.Expenses $4,760,104 · grants $4,545,917
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 | Not 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
- 46-5371845
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $11,039,659
- Income (IRS master file)
- $4,793,627
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $4,859,750 | $4,968,340 | $11,820,648 | IRS |
| 990 | December 2022 | $4,875,790 | $3,887,590 | $11,952,659 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FOLDED FLAG FOUNDATION INC
- What is the EIN of FOLDED FLAG FOUNDATION INC?
- The employer identification number (EIN) of FOLDED FLAG FOUNDATION INC is 46-5371845.
- Is FOLDED FLAG FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to FOLDED FLAG FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOLDED FLAG FOUNDATION INC 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 FOLDED FLAG FOUNDATION INC 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 FOLDED FLAG FOUNDATION INC 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 FOLDED FLAG FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names KIM FRANK.
- Who are the officers and directors of FOLDED FLAG FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 21 people; 0 received compensation from the organization.
- How much revenue does FOLDED FLAG FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,677,468, expenses of $5,458,921 and total assets of $11,039,659 at year end.
Other nonprofits in JACKSONVILLE
- PATRIOT SERVICES GROUP INC EIN 26-4520112 · last filed 990 for 2024
- NATIONAL RELIEF TELECOM INC EIN 85-3416382 · last filed 990 for 2023
- RIVER GARDEN HOLDING COMPANY INC EIN 59-2487781 · last filed 990 for 2024
- DAILYS FOUNDATION INC EIN 84-2438612 · last filed 990 for 2025
- HANWASH USA INC EIN 84-4393469 · last filed 990 for 2025
- LEADERSHIP JACKSONVILLE INC EIN 59-1718154 · last filed 990 for 2025
- USMC ANNIVERSARY BALL - JAX INC EIN 39-2750063 · last filed 990 for 2025
- CECIL FIELD POW-MIA MEMORIAL INC EIN 81-2973800 · last filed 990 for 2025
All nonprofits in JACKSONVILLE · Florida · Public and societal benefit