Falcon Foundation FY2023 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

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, FY2023. 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.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
5.1 mo
of spending, in cash
Plus $870K in investments, Pt X · Ln 11–13
5.1 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
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$88K
+30% vs prior year
Spent
$62K
To programs
80%
Net assets
$897K
By yearFY2021–FY2025
Revenue
$88K
FY2023▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2021$88K
FY2022$67K
FY2023$88K
FY2024$114K
FY2025$288K
Expenses
$62K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2021$32K
FY2022$61K
FY2023$62K
FY2024$56K
FY2025$136K
Net assets
$897K
FY2023▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$865K
FY2022$871K
FY2023$897K
FY2024$955K
FY2025$1.1M

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 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

80 cents of each dollar spent went to programs.

Program services 80% · $50K Management & general 18% · $11K Fundraising 2% · $1K

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

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$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.

Questions for Falcon Foundation

Tap to ask. Falcon Foundation sees how many people are interested.

Your first name shows with your question. Falcon Foundation answers here, for everyone.

3 programs · $50K · in their own filed words · FY2022
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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 25-1860160) · Dispute this line
$32Kprogram 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.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 25-1860160) · Dispute this line
$18Kprogram expense
03

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

Form 990 Part III, line 4, FY2022. 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$88K
Ln 12
Investment incomeLn 3$51K
Gifts and grantsLn 1h$37K
Money outPt IX
$62K
Ln 25
Programscol B$50K
Managementcol C$11K
Fundraisingcol D$1K
Owns and owesPt X
$897K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$897K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Fundraising eventsLn 1c$10K
Investment incomeLn 3$51K
Gains on assetsLn 7$17K
Total revenueLn 12$88K
Assets in detailPt X, end of year
SavingsLn 2$27K
Cash and savings togetherLn 1–2$27K
InvestmentsLn 11–13$870K
Total assetsLn 16$897K
LiabilitiesLn 26$0
Net assetsLn 32$897K
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 FY23End FY23
Cash and savingsLn 1–2$32K$27K
InvestmentsLn 11–13$839K$870K
Total assetsLn 16$871K$897K
LiabilitiesLn 26$0$0
Net assetsLn 32$871K$897K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$32K$32K
Grants to domestic individualsLn 2$18K$18K
Investment management feesLn 11f$7K$7K
Other expenses (24a–d)Ln 24$6K$5K$1K
All other expensesLn 24e$24$24
Total functional expensesLn 25$62K$50K$11K$1K

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
FY2023 ViewingFiled 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 FY2023 990
Part I · Summary $87,723 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,720$37,392
I-9 Program service revenue$0
I-10 Investment incomePrior year $37,189$50,560
I-11 Other revenuePrior year −$5,681−$229
I-12 Total revenuePrior year $67,228$87,723
I-13 Grants and similar amounts paidPrior year $48,058$49,984
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $12,931$12,450
I-18 Total expensesPrior year $60,989$62,434
I-19 Revenue less expensesPrior year $6,239$25,289
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $87,723 across 7 lines filed
VIII-1c Fundraising events$10,015
VIII-1f All other contributions, gifts and grants$27,377
VIII-1h Total contributions, gifts and grants$37,392
VIII-3 Investment incomeExcluded from tax $33,708$33,708
VIII-7 Net gain or loss on sales of assetsExcluded from tax $16,852$16,852
VIII-8 Net income from fundraising eventsExcluded from tax −$229−$229
VIII-12 Total revenueExcluded from tax $50,331$87,723
Part IX · Statement of functional expenses $62,434 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $32,002$32,002
IX-2 Grants to domestic individualsPrograms $17,982$17,982
IX-11f Investment management feesManagement $6,759$6,759
IX-24 Other expenses (24a–d)Management $4,642 · Fundraising $1,025$5,667
IX-24e All other expensesManagement $24$24
IX-25 Total functional expensesPrograms $49,984 · Management $11,425 · Fundraising $1,025$62,434
Part X · Balance sheet $896,704 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $32,240$26,684
X-11 Publicly traded securitiesStart of year $839,175$870,020
X-16 Total assetsStart of year $871,415$896,704
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $788,994$809,178
X-28 Net assets with donor restrictionsStart of year $82,421$87,526
X-32 Total net assets or fund balancesStart of year $871,415$896,704
X-33 Total liabilities and net assetsStart of year $871,415$896,704
Part XI · Reconciliation of net assets $896,704 net assets at year end
XI-1 Total revenue$87,723
XI-2 Total expenses$62,434
XI-3 Revenue less expenses$25,289
XI-4 Net assets at start of year$871,415
XI-10 Net assets at end of year$896,704

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.