Faou Foundation FY2021 filing

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The foundation's mission is to create a series of harmonious, site specific art installations around the world,each of which will provide lasting testimony to the natural beauty of their surroundings. These permanent works will help promote a deeper understanding of humankind's connection with the natural environment, and serve for preserving and revitalizing the communities that will host these installations. The Foundation also strives to form strong connections with the local communities that host its art installations, and to engage in various revitalization and educational efforts specific to each communitity's specific needs, landscape and culture.

501(c)(3) charity; gifts are tax-deductible.
51¢ 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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $97K a year · 43% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Looks good: 14.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$108K
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
+33% vs prior year
Spent
$165K
To programs
51%
Net assets
$96K
By yearFY2020–FY2025
Revenue
$240K
FY2021▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$180K
FY2021$240K
FY2022$160K
FY2023$178K
FY2025$356K
Expenses
$165K
FY2021▲ +121%
Tap a bar for its year
Expenses by fiscal year
FY2020$75K
FY2021$165K
FY2022$185K
FY2023$179K
FY2025$994K
Net assets
$96K
FY2021▲ +361%
Tap a bar for its year
Net assets by fiscal year
FY2020$21K
FY2021$96K
FY2022$71K
FY2023$70K
FY2025$56K

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

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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 2010.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $84K Management & general 33% · $55K Fundraising 16% · $26K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/ Director
$0Pt VII · Sec A
Vice President/ Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Yvette Lee’s $125K as Employee is at the 95th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Faou 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 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Creates site-specific art installations globally, celebrating nature and revitalizing host communities.

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1 program · $84K · in their own filed words · FY2020
01

The foundation currently has projects under development in africa, australia, europe and north america.

$84Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$20K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$240K
Ln 12
Gifts and grantsLn 1h$234K
Investment incomeLn 3$6K
Money outPt IX
$165K
Ln 25
Programscol B$84K
Managementcol C$55K
Fundraisingcol D$26K
Owns and owesPt X
$96K
net assets · Ln 32
Cash and savingsLn 1–2$200K
Total assetsLn 16$203K
LiabilitiesLn 26$108K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$234K
Government grantsLn 1e$24K
Investment incomeLn 3$6K
Gains on assetsLn 7$6K
Total revenueLn 12$240K
Assets in detailPt X, end of year
CashLn 1$200K
Cash and savings togetherLn 1–2$200K
Other assetsLn 15$4K
Total assetsLn 16$203K
LiabilitiesLn 26$108K
Net assetsLn 32$96K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderMay
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$121K$200K
Total assetsLn 16$125K$203K
LiabilitiesLn 26$104K$108K
Net assetsLn 32$21K$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$4K$4K
Other salaries and wagesLn 7$85K$43K$21K$21K
Other employee benefitsLn 9$9K$4K$2K$2K
Payroll taxesLn 10$7K$4K$2K$2K
Management feesLn 11a$13K$5K$8K$240
Legal feesLn 11b$21K$12K$9K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$2K$2K
TravelLn 17$89$41$48
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$13K$13K$164$82
Total functional expensesLn 25$165K$84K$55K$26K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 15, 2026 $356K$994K−$638K$56K 990 PDF
FY2024 Not on file
FY2023Filed with the IRS Apr 30, 2024 $178K$179K−$648$70K 990 PDF
FY2022Filed with the IRS Oct 7, 2022 $160K$185K−$25K$71K 990 PDF
FY2021 ViewingFiled with the IRS Dec 13, 2021 $240K$165K$75K$96K 990 PDF
FY2020Filed with the IRS Jan 12, 2021 $180K$75K$105K$21K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $240,164 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $180,000$233,950
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $44$6,214
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $180,044$240,164
I-13 Grants and similar amounts paidPrior year $0$3,800
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$101,229
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $74,552$60,089
I-18 Total expensesPrior year $74,552$165,118
I-19 Revenue less expensesPrior year $105,492$75,046
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $240,164 across 6 lines filed
VIII-1e Government grants$23,600
VIII-1f All other contributions, gifts and grants$210,350
VIII-1h Total contributions, gifts and grants$233,950
VIII-3 Investment incomeUnrelated business $14$14
VIII-7 Net gain or loss on sales of assetsRelated to mission $6,200$6,200
VIII-12 Total revenueRelated to mission $6,200 · Unrelated business $14 · Excluded from tax $0$240,164
Part IX · Statement of functional expenses $165,118 across 11 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $3,800$3,800
IX-7 Other salaries and wagesPrograms $42,709 · Management $21,354 · Fundraising $21,355$85,418
IX-9 Other employee benefitsPrograms $4,251 · Management $2,126 · Fundraising $2,125$8,502
IX-10 Payroll taxesPrograms $3,655 · Management $1,827 · Fundraising $1,827$7,309
IX-11a Management feesPrograms $4,643 · Management $7,809 · Fundraising $240$12,692
IX-11b Legal feesPrograms $12,464 · Management $8,816$21,280
IX-11c Accounting feesManagement $7,361$7,361
IX-13 Office expensesManagement $2,122$2,122
IX-17 TravelManagement $41 · Fundraising $48$89
IX-23 InsuranceManagement $3,599$3,599
IX-24 Other expenses (24a–d)Programs $12,700 · Management $164 · Fundraising $82$12,946
IX-25 Total functional expensesPrograms $84,222 · Management $55,219 · Fundraising $25,677$165,118
Part X · Balance sheet $203,465 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $120,871$199,812
X-15 Other assetsStart of year $3,653$3,653
X-16 Total assetsStart of year $124,524$203,465
X-17 Accounts payable and accrued expensesStart of year $28,060$31,955
X-22 Loans from officers and insidersStart of year $75,682$75,682
X-26 Total liabilitiesStart of year $103,742$107,637
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $20,782$95,828
X-32 Total net assets or fund balancesStart of year $20,782$95,828
X-33 Total liabilities and net assetsStart of year $124,524$203,465
Part XI · Reconciliation of net assets $95,828 net assets at year end
XI-1 Total revenue$240,164
XI-2 Total expenses$165,118
XI-3 Revenue less expenses$75,046
XI-4 Net assets at start of year$20,782
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$95,828

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

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