Falcon Foundation EIN 25-1860160

Falcon Foundation

EIN  25-1860160 Public charity (501(c)(3)) Lebanon, PA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Enhances educational and enrichment opportunities for the school district and community.
Leadership
Angie Bensing · Trustee
Money in and out
$288K revenue, $136K expenses
Bottom line
91% program efficiency

Enhances educational and enrichment opportunities for the school district and community. For fiscal year 2025 it reported $288K in revenue, $136K in expenses, and $1.1M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$288K
Pt VIII · Ln 12
Total expenses
$136K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $152K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.08 Fundraising $0.01
Program efficiency
91%
of spending reaches programs▲ +19% vs prior filing year
Operating runway
97.8mo
months of highly liquid reserves at operating expense rate▼ -52% vs prior filing year
Surplus margin
+53%
revenue over expenses, this year▲ +4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$288K
FY2025▲ +153%
Expenses
$136K
FY2025▲ +143%
Total assets
$1.1M
FY2025▲ +16%
Total liabilities
$0
FY2025
Total revenue
$288K
Pt VIII · Ln 12
Total expenses
$136K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$152K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $123K of program spending, described in the organization's own filed words · FY2024.
01

Support for capital projects to enhance the educational, enrichment, athletic and social activities of the cornwall lebanon school district (I.E. Computer and video equipment). 500+ STUDENTS/PARTICIPANTS.

$84Kprogram expense
02

Awards to students of cornwall lebanon school district for individual educational enrichment opportunities (I.E. Summer workshops, classes, programs) and to FACULTY/STAFF for special individual programs. 26 students, faculty and staff received support.

$39Kprogram expense
03

Support for OTHER/COMMUNITY programs (I.E. Veteran's day recognition, senior citizen program, alumni program).

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFalcon Foundation
EINHdr · item D25-1860160
Principal addressHdr · item CLebanon, PA
WebsiteHdr · item Jwww.clsd.k12.pa.us/falconfound
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B122)
Ruling yearIRS BMFJul 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$270K · 94%
Investment income$28K · 10%
Contributions & grants94%$270K
Investment income10%$28K
Total revenueLn 12$288K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.08 Fundraising $0.01
Program services91%$123K
Management & general8%$11K
Fundraising1%$2K
Total functional expensesLn 25$136K

Balance Sheet

Part X · end of year
CashLn 1$40K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.1M
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $136K
97.8 months
Where the money goes
Program services
Program services $123K · Total expenses $136K
91%
Management & General
Management & general $11K · Total expenses $136K
8%
Fundraising
Fundraising $2K · Total expenses $136K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $126K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $270K · Total revenue $288K
94%
Government reliance
Government grants — · Total revenue $288K
Earned-income share
Program service revenue $0 · Total revenue $288K
0%
Investment reliance
Investment income $28K · Total revenue $288K
+10%
Program self-sufficiency
Program service revenue $0 · Total expenses $136K
0%
Growth & trend
Revenue growth (YoY)
This year $288K · Prior year $114K
+153%
Revenue CAGR
FY2020 $88K · FY2024 $288K
+34%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $288K · Expenses $136K
+53%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
96%
People & payroll
Highest Reported Total Compensation
Individual Angie Bensing · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $136K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $136K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 8%
Fundraising cost ratio 1%
Revenue growth 153%
Investment management fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $278K · 2020–2024
Cornwall-LebanonFY2024$57,951
Unitemized GrantFY2024$38,581
Cornwall-LebanonFY2024$26,365
Cornwall-LebanonFY2023$23,563
Unitemized GrantFY2023$18,930
Cornwall-LebanonFY2022$32,002
Unitemized GrantFY2022$17,982
Cornwall-LebanonFY2021$37,476
Unitemized GrantFY2021$9,271
Cornwall-LebanonFY2020$15,811

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$288K revenue · viewing · ⤓ 990 PDF
FY2024$114K revenue · ⤓ 990 PDF
FY2023$88K revenue · ⤓ 990 PDF
FY2022$67K revenue · ⤓ 990 PDF
FY2021$88K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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