Folds of Honor Foundation
90% goes to programs $4 to raise $100 Strong reserves Growing revenue
Folds of Honor Foundation is a 501(c)(3) organization based in Owasso, Oklahoma, registered in 2016, with $63,841,969 in FY2023 revenue. CharityIndex grades it A+, and it directs about 90% of spending to programs.
5971 Patriot Dr, Owasso, OK, 74055 EIN 75-3240683 Since 2016
Revenue (FY2023)
$63.8M
▲ 14.7% vs prior year
Education median: $200K
Expenses (FY2023)
$51.7M
Net assets
$88.1M
Employees
96
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating90% to programs · $4 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Folds of Honor Foundation: 90% to programs · $4 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +19% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Folds of Honor Foundation: 20 mo reserves · +19% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Folds of Honor Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Folds of Honor Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide educational scholarships 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.
Contact & location
- Address
- 5971 Patriot Dr, Owasso, OK, 74055
- City
- Owasso
- State
- Oklahoma
- Category
- Education
- Subcategory
- Student Services & Aid
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $9.7M (FY2013) to $63.8M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $17.3MNet assets $88.1M
Operating margin
19.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$105.4M
Total liabilities
$17.3M
Net assets
$88.1M
Salaries & benefits
$8.6M
17% of expenses
Board members
12
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $63,841,969▲14.7% | $51,688,520▲10.0% | $88,084,154▲19.8% | $105,388,221▲21.0% | 990 |
| 2022 | $55,642,990▲8.8% | $46,972,258▲38.3% | $73,532,394▲17.5% | $87,120,626▲19.3% | 990 |
| 2021 | $51,158,137▲36.7% | $33,969,853▲18.2% | $62,603,002▲43.0% | $73,033,715▲49.5% | 990 |
| 2020 | $37,411,690▲6.7% | $28,742,605▲17.1% | $43,785,264▲24.5% | $48,862,139▲17.7% | 990 |
| 2019 | $35,069,571▲10.4% | $24,549,617▲3.2% | $35,158,891▲44.8% | $41,496,676▲40.3% | 990 |
| 2018 | $31,771,298▲27.2% | $23,779,564▲21.2% | $24,282,894▲46.6% | $29,567,680▲66.9% | 990 |
| 2017 | $24,985,010▲33.0% | $19,624,393▲49.3% | $16,568,325▲49.9% | $17,717,974▲48.3% | 990 |
| 2016 | $18,783,662▲6.1% | $13,142,917▼10.0% | $11,050,488▲106% | $11,951,158▲9.5% | 990 |
| 2015 | $17,699,474▲82.5% | $14,604,473▲42.9% | $5,362,076▲62.8% | $10,917,955▲184% | 990 |
| 2013 | $9,700,708 | $10,221,639▲170% | $3,294,420▼5.1% | $3,843,750▲8.6% | 990 |
| 2010 | — | $3,783,968 | $3,471,143 | $3,538,812 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Lt Colonel Dan Rooney — $441,036 (0.85% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lt Colonel Dan Rooney | Ceo & Founder | 40 | $441,036 |
| Ben Leslie | Chief Development Officer | 40 | $254,552 |
| Nick Nichols | President | 40 | $228,030 |
| Larry Robinson | Chief Impact Officer | 40 | $206,556 |
| Rocky Sickmann | Sr Vp, Corp Acct | 40 | $176,577 |
| Ray Poudrier | Cfo | 40 | $148,373 |
| Melanie K Bardin-morrow | Vp Operations | 40 | $129,688 |
| Glenn Greenspan | Director, Public Relations | 40 | $125,242 |
| Luke Sherman | Svp of Outreach | 40 | $123,292 |
| Sara Bush | Senior Director of Golf | 40 | $122,165 |
| Brian Whitcomb | Secretary/nominating Chair | 3 | — |
| Chris Williams | Board Member | 3 | — |
| Dave North | Board Member | 3 | — |
| Dr John Rooney | Board Member | 3 | — |
| Jeff Babineau | Board Member | 3 | — |
| Johnny Powers | Board Member | 3 | — |
| Larry Pfeiffer | Board Member | 3 | — |
| Mike Arbour | Board Chairman | 3 | — |
| Ryan Lewellyn | Board Member | 3 | — |
| Scott Mueller | Board Member | 3 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Idea Ranch | Various Marketing Services | $1,220,847 |
| Nbc Universal LLC | Golf Channel Sponsorship | $550,000 |
| American Dunes LLC | Fundraising Event Expense | $195,969 |
| Alliantgroup LP | Employee Retention Credit Study | $165,996 |
| Kelley James Music LLC | Fundraising Event Expense | $139,285 |
Grants received · $28.3M total
305 grants to Folds of Honor Foundation totaling $28.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Tulsa Community Foundation | General operations | 2024 | $2,616,554 |
| Greater Horizons | Public, societal benefit | 2024 | $501,500 |
| Car Donation Foundation | General support | 2024 | $408,015 |
| Thdf II Inc | To assist local charities | 2024 | $400,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $302,500 |
| American Endowment Foundation | Public affairs | 2024 | $237,800 |
| American Online Giving Foundation Inc | General support | 2024 | $185,881 |
| Independent Charitable Gift Fund | General support | 2024 | $116,025 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $84,650 |
| Charities Aid Foundation America | Charitable donation | 2024 | $81,228 |
| Pga Tour Inc | General support | 2024 | $74,353 |
| Paypal Charitable Giving Fund | General support | 2024 | $57,798 |
| Ayco Charitable Foundation | Medical / public services | 2024 | $56,700 |
| St Louis Community Foundation Incorporated | Scholarships - st. louis area for the 2024-2025 academic year, general support | 2024 | $55,500 |
| National Christian Charitable Foundation | Military support | 2024 | $45,697 |
Grants made · $31.2M in FY2023
2 grants totaling $31.2M in FY2023. All grants made by Folds of Honor Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Tulsa Community Foundation | Scholarships | $30,651,656 |
| Pga Foundation Inc | Hope military program contribution | $500,000 |
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Frequently asked questions
- Is Folds of Honor Foundation a legitimate nonprofit?
- Yes. Folds of Honor Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-3240683, based in Owasso, Oklahoma. Donations are tax-deductible.
- What is Folds of Honor Foundation's EIN?
- Folds of Honor Foundation's Employer Identification Number (EIN) is 75-3240683.
- How much revenue does Folds of Honor Foundation report?
- Folds of Honor Foundation reported $63,841,969 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Folds of Honor Foundation's spending goes to programs?
- Folds of Honor Foundation spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Folds of Honor Foundation have?
- CharityIndex grades Folds of Honor Foundation A+, based on program efficiency and fundraising cost.
- How much does Folds of Honor Foundation's highest-paid employee make?
- The highest reported compensation on Folds of Honor Foundation's latest Form 990 is $441,036, paid to Lt Colonel Dan Rooney (Ceo & Founder).
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Data for Folds of Honor Foundation (EIN 75-3240683) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.