F3 Foundation INC FY2022 filing

Tax-deductible

Charlotte, NC501(c)(3)Human ServicesEIN 45-5109140

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F3 Foundation exists to accelerate F3 Nations mission and impact through generosity.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$136K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $87K a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$136K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $88K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$34K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$621K
+9% vs prior year
Spent
$691K
To programs
83%
Net assets
$509K
By yearFY2019–FY2024
Revenue
$621K
FY2022▲ +9%
Revenue by fiscal year
FY2019$133K
FY2020$413K
FY2021$572K
FY2022$621K
FY2023$597K
FY2024$466K
Expenses
$691K
FY2022▲ +72%
Expenses by fiscal year
FY2019Not on file
FY2020$152K
FY2021$401K
FY2022$691K
FY2023$539K
FY2024$451K
Net assets
$509K
FY2022▼ -12%
Net assets by fiscal year
FY2019$147K
FY2020$408K
FY2021$578K
FY2022$509K
FY2023$494K
FY2024$509K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2012.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $573K Management & general 17% · $117K

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; $136K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$136,250Pt 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
$0Pt VII · Sec A

John Horton’s $154K as Executive Di is at the 98th percentile of top reported officer pay among 2168 $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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
John Horton$154,499$143,062$136,250$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.

See F3 Foundation INC executive salaries →

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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

Programs and updates

Fund F3 Nations' mission and expand its reach through donations.

Provided by the organization

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1 program · $573K · in their own filed words · FY2022
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.

$573Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 21 grants · $1.1M · 2020–2024
Individual RecipientFY2024$104,944
F3 NationFY2024$60,000
F3 Gateway FoundationFY2024$10,000
Individual RecipientFY2023$168,302
F3 NationFY2023$100,000
Individual RecipientFY2022$272,241
Individual RecipientFY2022$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
Individual RecipientFY2022$5,405
Individual RecipientFY2022$5,405
Charlotte Rescue MissionNC · FY2021$148,481
Friends of ChimboteND · FY2021$5,776
Charlotte Rescue MissionNC · FY2020$37,468
See all 21 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$621K
Ln 12
Gifts and grantsLn 1h$478K
Other incomeLn 4–11$133K
Investment incomeLn 3$11K
Money outPt IX
$691K
Ln 25
Programscol B$573K
Managementcol C$117K
Owns and owesPt X
$509K
net assets · Ln 32
Cash and savingsLn 1–2$513K
Total assetsLn 16$543K
LiabilitiesLn 26$34K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$478K
Investment incomeLn 3$11K
Other incomeLn 4–11$133K
Total revenueLn 12$621K
Assets in detailPt X, end of year
CashLn 1$513K
Cash and savings togetherLn 1–2$513K
InvestmentsLn 11–13$29K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$543K
LiabilitiesLn 26$34K
Net assetsLn 32$509K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$602K$513K
InvestmentsLn 11–13$29K
Land, buildings, equipmentLn 10c$1K$1K
Total assetsLn 16$603K$543K
LiabilitiesLn 26$25K$34K
Net assetsLn 32$578K$509K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$418K$418K
Pay of current officers, directors and key staffLn 5$136K$109K$27K
Other employee benefitsLn 9$20K$16K$4K
Payroll taxesLn 10$11K$8K$2K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$10K$10K
TravelLn 17$10K$10K
Depreciation, depletion and amortizationLn 22$153$153
InsuranceLn 23$775$775
Other expenses (24a–d)Ln 24$62K$11K$50K
All other expensesLn 24e$9K$1K$8K
Total functional expensesLn 25$691K$573K$117K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $466K$451K$15K$509K 990 PDF
FY2023 $597K$539K$58K$494K 990 PDF
FY2022 Viewing $621K$691K−$69K$509K 990 PDF
FY2021 $572K$401K$170K$578K 990 PDF
FY2020 $413K$152K$261K$408K 990 PDF
FY2019 $133K$147K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (5 parts)
Part I · Summary $621,150 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $492,290$477,571
I-9 Program service revenue$0
I-10 Investment incomePrior year $29$10,588
I-11 Other revenuePrior year $79,196$132,991
I-12 Total revenuePrior year $571,515$621,150
I-13 Grants and similar amounts paidPrior year $154,257$418,015
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $124,967$166,334
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $122,262$106,274
I-18 Total expensesPrior year $401,486$690,623
I-19 Revenue less expensesPrior year $170,029−$69,473
Part VIII · Statement of revenue $621,150 across 5 lines filed
VIII-1f All other contributions, gifts and grants$477,571
VIII-1h Total contributions, gifts and grants$477,571
VIII-3 Investment incomeRelated to mission $10,588$10,588
VIII-8 Net income from fundraising events$132,991
VIII-12 Total revenueRelated to mission $10,588$621,150
Part IX · Statement of functional expenses $690,623 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $418,015$418,015
IX-5 Pay of current officers, directors and key staffPrograms $109,000 · Management $27,250$136,250
IX-9 Other employee benefitsPrograms $15,628 · Management $3,907$19,535
IX-10 Payroll taxesPrograms $8,439 · Management $2,110$10,549
IX-11b Legal feesManagement $6,141$6,141
IX-11c Accounting feesManagement $8,878$8,878
IX-12 Advertising and promotionManagement $9,777$9,777
IX-17 TravelPrograms $9,875$9,875
IX-22 Depreciation, depletion and amortizationManagement $153$153
IX-23 InsuranceManagement $775$775
IX-24 Other expenses (24a–d)Programs $11,494 · Management $50,225$61,719
IX-24e All other expensesPrograms $1,014 · Management $7,942$8,956
IX-25 Total functional expensesPrograms $573,465 · Management $117,158 · Fundraising $0$690,623
Part X · Balance sheet $543,245 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $602,039$513,235
X-10c Land, buildings and equipment, netStart of year $1,301$1,148
X-11 Publicly traded securities$28,862
X-16 Total assetsStart of year $603,340$543,245
X-17 Accounts payable and accrued expensesStart of year $25,082$34,460
X-26 Total liabilitiesStart of year $25,082$34,460
X-27 Net assets without donor restrictionsStart of year $222,807$153,334
X-28 Net assets with donor restrictionsStart of year $355,451$355,451
X-32 Total net assets or fund balancesStart of year $578,258$508,785
X-33 Total liabilities and net assetsStart of year $603,340$543,245
Part XI · Reconciliation of net assets $508,785 net assets at year end
XI-1 Total revenue$621,150
XI-2 Total expenses$690,623
XI-3 Revenue less expenses−$69,473
XI-4 Net assets at start of year$578,258
XI-10 Net assets at end of year$508,785

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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