Falcon Foundation: Nonprofit Profile, Financials & Form 990 (EIN 25-1860160)

Revenue by fiscal year
FY2021	$88K
FY2022	$67K
FY2023	$88K
FY2024	$114K
FY2025	$288K

Expenses by fiscal year
FY2021	$32K
FY2022	$61K
FY2023	$62K
FY2024	$56K
FY2025	$136K

Net assets by fiscal year
FY2021	$865K
FY2022	$871K
FY2023	$897K
FY2024	$955K
FY2025	$1.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

91%

Program services 91% · $123K Management & general 8% · $11K Fundraising 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Angie Bensing

Trustee

$0Pt VII · Sec A

Ryan Britt

Trustee

$0Pt VII · Sec A

Trent Coldren

Secretary

$0Pt VII · Sec A

Nancy Elias

Trustee

$0Pt VII · Sec A

Andrew Hebert

Trustee

$0Pt VII · Sec A

Kayla Lowrie

Treasurer

$0Pt VII · Sec A

Steve McCracken

Trustee

$0Pt VII · Sec A

John Sowizral

President

$0Pt VII · Sec A

See Falcon Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Enhances educational and enrichment opportunities for the school district and community.

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3 programs · $123K · in their 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 · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$288K

Ln 12

Gifts and grantsLn 1h$270K

Investment incomeLn 3$28K

Money outPt IX

$136K

Ln 25

Programscol B$123K

Managementcol C$11K

Fundraisingcol D$2K

Owns and owesPt X

$1.1M

net assets · Ln 32

Cash and savingsLn 1–2$40K

Total assetsLn 16$1.1M

LiabilitiesLn 26$0

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$270K

Fundraising eventsLn 1c$20K

Investment incomeLn 3$28K

Gains on assetsLn 7−$12K

Total revenueLn 12$288K

Assets in detailPt X, end of year

SavingsLn 2$40K

Cash and savings togetherLn 1–2$40K

InvestmentsLn 11–13$1.1M

Total assetsLn 16$1.1M

LiabilitiesLn 26$0

Net assetsLn 32$1.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 614

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$50K	$40K
InvestmentsLn 11–13	$904K	$1.1M
Total assetsLn 16	$955K	$1.1M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$955K	$1.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$84K	$84K
Grants to domestic individualsLn 2	$39K	$39K
Investment management feesLn 11f	$8K		$8K
Other expenses (24a–d)Ln 24	$4K		$2K	$2K
All other expensesLn 24e	$326		$326
Total functional expensesLn 25	$136K	$123K	$11K	$2K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Feb 13, 2026	$288K	$136K	$152K	$1.1M	990 PDF
FY2024Filed with the IRS Mar 27, 2025	$114K	$56K	$58K	$955K	990 PDF
FY2023Filed with the IRS Feb 7, 2024	$88K	$62K	$25K	$897K	990 PDF
FY2022Filed with the IRS Dec 15, 2022	$67K	$61K	$6K	$871K	990 PDF
FY2021Filed with the IRS Oct 19, 2021	$88K	$32K	$56K	$865K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $287,834 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $71,661$270,343

I-9 Program service revenue$0

I-10 Investment incomePrior year $43,074$27,997

I-11 Other revenuePrior year −$1,106−$10,506

I-12 Total revenuePrior year $113,629$287,834

I-13 Grants and similar amounts paidPrior year $42,493$122,897

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $13,331$12,889

I-18 Total expensesPrior year $55,824$135,786

I-19 Revenue less expensesPrior year $57,805$152,048

Part VI · Governance 10 of 10 board members independent, no flags

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $287,834 across 7 lines filed

VIII-1c Fundraising events$19,940

VIII-1f All other contributions, gifts and grants$250,403

VIII-1h Total contributions, gifts and grants$270,343

VIII-3 Investment incomeExcluded from tax $39,653$39,653

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$11,656−$11,656

VIII-8 Net income from fundraising eventsExcluded from tax −$10,506−$10,506

VIII-12 Total revenueExcluded from tax $17,491$287,834

Part IX · Statement of functional expenses $135,786 across 5 lines filed

IX-1 Grants to domestic organizationsPrograms $84,316$84,316

IX-2 Grants to domestic individualsPrograms $38,581$38,581

IX-11f Investment management feesManagement $8,242$8,242

IX-24 Other expenses (24a–d)Management $2,308 · Fundraising $2,013$4,321

IX-24e All other expensesManagement $326$326

IX-25 Total functional expensesPrograms $122,897 · Management $10,876 · Fundraising $2,013$135,786

Part X · Balance sheet $1,106,557 assets, 8 lines filed

X-2 Savings and temporary cash investmentsStart of year $50,272$40,092

X-11 Publicly traded securitiesStart of year $904,237$1,066,465

X-16 Total assetsStart of year $954,509$1,106,557

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $867,076$1,088,936

X-28 Net assets with donor restrictionsStart of year $87,433$17,621

X-32 Total net assets or fund balancesStart of year $954,509$1,106,557

X-33 Total liabilities and net assetsStart of year $954,509$1,106,557

Part XI · Reconciliation of net assets $1,106,557 net assets at year end

XI-1 Total revenue$287,834

XI-2 Total expenses$135,786

XI-3 Revenue less expenses$152,048

XI-4 Net assets at start of year$954,509

XI-10 Net assets at end of year$1,106,557

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Falcon Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Falcon Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV