Falcon Foundation FY2021 filing

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The Falcon Foundation supports and enhances the educational and enrichment opportunities(social, cultural, and athletic) for the students, faculty, staff and alumni of the cornwall lebanon school district and all people in the cornwall lebanon community.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 25-1860160) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $60K a year · 46% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
60% of spending went to programs.
Pt IX · Ln 25 · col B
20.8 mo
of spending, in cash
Plus $809K in investments, Pt X · Ln 11–13
20.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$88K
Spent
$32K
To programs
60%
Net assets
$865K
By yearFY2021–FY2025
Revenue
$88K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$88K
FY2022$67K
FY2023$88K
FY2024$114K
FY2025$288K
Expenses
$32K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$32K
FY2022$61K
FY2023$62K
FY2024$56K
FY2025$136K
Net assets
$865K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$865K
FY2022$871K
FY2023$897K
FY2024$955K
FY2025$1.1M

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

60 cents of each dollar spent went to programs.

Program services 60% · $19K Management & general 37% · $12K Fundraising 3% · $980

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $19K · in their own filed words · FY2020
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.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 25-1860160) · Dispute this line
$16Kprogram 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. 11 students, faculty and staff received support.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 25-1860160) · Dispute this line
$4Kprogram expense
03

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

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 25-1860160) · Dispute this line
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$88K
Ln 12
Investment incomeLn 3$54K
Gifts and grantsLn 1h$36K
Money outPt IX
$32K
Ln 25
Programscol B$19K
Managementcol C$12K
Fundraisingcol D$980
Owns and owesPt X
$865K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$865K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36K
Fundraising eventsLn 1c$11K
Investment incomeLn 3$54K
Gains on assetsLn 7$36K
Total revenueLn 12$88K
Assets in detailPt X, end of year
SavingsLn 2$56K
Cash and savings togetherLn 1–2$56K
InvestmentsLn 11–13$809K
Total assetsLn 16$865K
LiabilitiesLn 26$0
Net assetsLn 32$865K
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
LineStart FY21End FY21
Cash and savingsLn 1–2$47K$56K
InvestmentsLn 11–13$762K$809K
Total assetsLn 16$809K$865K
LiabilitiesLn 26$0$0
Net assetsLn 32$809K$865K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16K$16K
Grants to domestic individualsLn 2$4K$4K
Investment management feesLn 11f$7K$7K
Other expenses (24a–d)Ln 24$6K$5K$980
All other expensesLn 24e$215$55$160
Total functional expensesLn 25$32K$19K$12K$980

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990
Part I · Summary $88,449 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,732$36,385
I-9 Program service revenue$0
I-10 Investment incomePrior year $73,399$53,564
I-11 Other revenuePrior year −$493−$1,500
I-12 Total revenuePrior year $105,638$88,449
I-13 Grants and similar amounts paidPrior year $43,325$19,344
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,617$12,812
I-18 Total expensesPrior year $54,942$32,156
I-19 Revenue less expensesPrior year $50,696$56,293
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $88,449 across 7 lines filed
VIII-1c Fundraising events$11,220
VIII-1f All other contributions, gifts and grants$25,165
VIII-1h Total contributions, gifts and grants$36,385
VIII-3 Investment incomeExcluded from tax $17,289$17,289
VIII-7 Net gain or loss on sales of assetsRelated to mission $23,202 · Excluded from tax $13,073$36,275
VIII-8 Net income from fundraising eventsExcluded from tax −$1,500−$1,500
VIII-12 Total revenueRelated to mission $23,202 · Excluded from tax $28,862$88,449
Part IX · Statement of functional expenses $32,156 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $15,811$15,811
IX-2 Grants to domestic individualsPrograms $3,533$3,533
IX-11f Investment management feesManagement $6,994$6,994
IX-24 Other expenses (24a–d)Management $4,623 · Fundraising $980$5,603
IX-24e All other expensesPrograms $55 · Management $160$215
IX-25 Total functional expensesPrograms $19,399 · Management $11,777 · Fundraising $980$32,156
Part X · Balance sheet $865,176 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $46,813$55,785
X-11 Publicly traded securitiesStart of year $762,070$809,391
X-16 Total assetsStart of year $808,883$865,176
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $720,403$775,507
X-28 Net assets with donor restrictionsStart of year $88,480$89,669
X-32 Total net assets or fund balancesStart of year $808,883$865,176
X-33 Total liabilities and net assetsStart of year $808,883$865,176
Part XI · Reconciliation of net assets $865,176 net assets at year end
XI-1 Total revenue$88,449
XI-2 Total expenses$32,156
XI-3 Revenue less expenses$56,293
XI-4 Net assets at start of year$808,883
XI-10 Net assets at end of year$865,176

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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