F3 Foundation INC EIN 45-5109140 Form 990 (PDF) Claim this org

F3 Foundation INC FY2020 filing

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Fund F3 Nations' mission and expand its reach through donations. For fiscal year 2020 it reported $413K in revenue, $152K in expenses, and $408K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Charlotte, NC
Filings
6 on file (2019–2020)
Revenue
$413KFY2020
Expenses
$152K
Net assets
$408K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-5109140 Public charity (501(c)(3)) Charlotte, NC
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Fund F3 Nations' mission and expand its reach through donations.
Leadership
Jason Silverstein · Chairman
Money in and out
$413K revenue, $152K expenses
Bottom line
57% program efficiency
Where the money goes · FY2020
Total revenue
$413K
Pt VIII · Ln 12
Total expenses
$152K
Pt IX · Ln 25
Net assets
$408K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $261K
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.43
Program efficiency
57%
of spending reaches programs
Operating runway
33.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+63%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$413K
FY2020▲ +210%
Expenses
$152K
FY2020
Total assets
$428K
FY2020
Total liabilities
$20K
FY2020
Total revenue
$413K
Pt VIII · Ln 12
Total expenses
$152K
Pt IX · Ln 25
Net assets
$408K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$261K
Total assetsPt X · Ln 16$428K
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CF3 Foundation INC
EINHdr · item D45-5109140
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P12)
Ruling yearIRS BMFSep 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

John Horton’s $154K as Executive Di is at the 98th percentile of top reported officer pay among 2165 $100K–1M human services 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.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
John Horton$154,499$143,062$136,250
John Horton$102,139
John Lambert$749

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $87K of program spending, described in the organization's own filed words · FY2020.
01

F3 Foundation raised funds to ensure the operational sustainability of both itself and F3 Nation. Additionally, funds were dispersed as grants to achieve increased impact through the invigoration of male community leadership.

$87Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$330K · 80%
Other revenue$83K · 20%
Contributions & grants80%$330K
Other revenue20%$83K
Investment income$9
Total revenueLn 12$413K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.43
Program services57%$87K
Management & general43%$65K
Total functional expensesLn 25$152K

Balance Sheet

Part X · end of year
CashLn 1$428K
Total assetsLn 16$428K
Total liabilitiesLn 26$20K
Total net assetsLn 32$408K
Months of cash on handcomputed33.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $428K · Operating expenses/yr $152K
33.7 months
Where the money goes
Program services
Program services $87K · Total expenses $152K
57%
Management & General
Management & general $65K · Total expenses $152K
43%
Fundraising
Fundraising $0 · Total expenses $152K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $330K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $330K · Total revenue $413K
80%
Government reliance
Government grants — · Total revenue $413K
Earned-income share
Program service revenue $0 · Total revenue $413K
0%
Investment reliance
Investment income $9 · Total revenue $413K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $152K
0%
Growth & trend
Revenue growth (YoY)
This year $413K · Prior year $133K
+210%
Net-asset trend (YoY)
End of year $408K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $413K · Expenses $152K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $428K
Net-asset ratio
Net assets $408K · Total assets $428K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $428K
0%
People & payroll
Highest Reported Total Compensation
Individual Jason Silverstein · Reported title Chairman · Highest reported compensation $0 · Total expenses $152K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $152K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 57%
Overhead ratio 43%
Fundraising cost ratio 0%
Revenue growth 210%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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 · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 21 grants · $1.1M · 2020–2024
All Other GrantsFY2024$104,944
F3 NationFY2024$60,000
F3 Gateway FoundationFY2024$10,000
All Other GrantsFY2023$168,302
F3 NationFY2023$100,000
All Other GrantsFY2022$272,241
Roof AboveFY2022$28,141
I Am 24 7NC · FY2022$28,141
Charlotte Rescue MissionNC · FY2022$28,141
Beyond Sports INCMI · FY2022$25,000
NAMIFY2022$9,567
The Servant Center INCNC · FY2022$9,424
Rama Road Elementary PTAFY2022$5,405
Mary C VaughnFY2022$5,405
Charlotte Rescue MissionNC · FY2021$148,481
Friends of ChimboteND · FY2021$5,776
Charlotte Rescue MissionNC · FY2020$37,468
See all 21 grants →

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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
FY2024 (Latest)$466K revenue · ⤓ 990 PDF
FY2023$597K revenue · ⤓ 990 PDF
FY2022$621K revenue · ⤓ 990 PDF
FY2021$572K revenue · ⤓ 990 PDF
FY2020$413K revenue · viewing · ⤓ 990 PDF
FY2019$133K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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