FOLDS OF HONOR Financial Forms
The Charities Review Council recommends at least 65% of a nonprofit’s three-year average annual expenses are used to directly support programming, with an ideal range of 70 to 90% (program expenses as % of total expenses). Folds of Honor is proud to have a cumulative average ratio of 84.5% of annual expenses supporting our scholarship program. This average can be derived from the front page and page 10 of the Folds of Honor Form 990. Our audited financials were prepared by an independent accountant and oversaw by our Audit Committee.
Folds of Honor’s Whistleblower Policy is intended to encourage and enable employees and others to raise serious concerns internally so that we can address and correct possible inappropriate conduct and actions. Folds of Honor requires board members, committee members and employees to observe high standards of business and personal ethics in the conduct of their duties and responsibilities, and all directors, committee members and employees to comply with all applicable laws and regulatory requirements.