F3 Foundation INC FY2023 filing

Tax-deductible

Charlotte, NC501(c)(3)Human ServicesEIN 45-5109140Revenue $597K in FY2023

On file with the IRS7845 Colony Rd Ste C4 Pmb 202, 28226-7678 · Charlotte, NCTax-exempt since Sep 2012Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$143K 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

FY2023 · 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$143K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.4 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
$63K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$597K
-4% vs prior year
Spent
$539K
To programs
80%
Net assets
$494K
By yearFY2019–FY2024
Revenue
$597K
FY2023▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2019$133K
FY2020$413K
FY2021$572K
FY2022$621K
FY2023$597K
FY2024$466K
Expenses
$539K
FY2023▼ -22%
Tap a bar for its year
Expenses by fiscal year
FY2019Not on file
FY2020$152K
FY2021$401K
FY2022$691K
FY2023$539K
FY2024$451K
Net assets
$494K
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2019$147K
FY2020$408K
FY2021$578K
FY2022$509K
FY2023$494K
FY2024$509K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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

80 cents of each dollar spent went to programs.

Program services 80% · $431K Management & general 20% · $108K

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; $143K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$143,062Pt VII · Sec A
Director
$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

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.

Questions for F3 Foundation INC

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Provided by the organization

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1 program · $431K · in their own filed words · FY2023
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.

$431Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$597K
Ln 12
Gifts and grantsLn 1h$357K
Other incomeLn 4–11$239K
Investment incomeLn 3$1K
Money outPt IX
$539K
Ln 25
Programscol B$431K
Managementcol C$108K
Owns and owesPt X
$494K
net assets · Ln 32
Cash and savingsLn 1–2$557K
Total assetsLn 16$558K
LiabilitiesLn 26$63K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$357K
Investment incomeLn 3$1K
Other incomeLn 4–11$239K
Total revenueLn 12$597K
Assets in detailPt X, end of year
CashLn 1$557K
Cash and savings togetherLn 1–2$557K
Land, buildings, equipmentLn 10c$995
Total assetsLn 16$558K
LiabilitiesLn 26$63K
Net assetsLn 32$494K
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 FY23End FY23
Cash and savingsLn 1–2$513K$557K
Land, buildings, equipmentLn 10c$1K$995
Total assetsLn 16$543K$558K
LiabilitiesLn 26$34K$63K
Net assetsLn 32$509K$494K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$268K$268K
Pay of current officers, directors and key staffLn 5$155K$124K$31K
Other employee benefitsLn 9$21K$17K$4K
Payroll taxesLn 10$11K$9K$2K
Accounting feesLn 11c$33K$33K
Advertising and promotionLn 12$10K$10K
TravelLn 17$12K$12K
Depreciation, depletion and amortizationLn 22$153$153
Other expenses (24a–d)Ln 24$26K$26K
All other expensesLn 24e$530$530
Total functional expensesLn 25$539K$431K$108K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $466K$451K$15K$509K 990 PDF
FY2023 Viewing $597K$539K$58K$494K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $597,023 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $477,571$357,119
I-9 Program service revenue$0
I-10 Investment incomePrior year $10,588$1,287
I-11 Other revenuePrior year $132,991$238,617
I-12 Total revenuePrior year $621,150$597,023
I-13 Grants and similar amounts paidPrior year $418,015$268,302
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $166,334$187,619
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $106,274$82,648
I-18 Total expensesPrior year $690,623$538,569
I-19 Revenue less expensesPrior year −$69,473$58,454
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $597,023 across 5 lines filed
VIII-1f All other contributions, gifts and grants$357,119
VIII-1h Total contributions, gifts and grants$357,119
VIII-3 Investment incomeRelated to mission $1,287$1,287
VIII-8 Net income from fundraising events$238,617
VIII-12 Total revenueRelated to mission $1,287$597,023
Part IX · Statement of functional expenses $538,569 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $268,302$268,302
IX-5 Pay of current officers, directors and key staffPrograms $124,045 · Management $31,011$155,056
IX-9 Other employee benefitsPrograms $16,973 · Management $4,243$21,216
IX-10 Payroll taxesPrograms $9,078 · Management $2,269$11,347
IX-11c Accounting feesManagement $33,266$33,266
IX-12 Advertising and promotionManagement $9,941$9,941
IX-17 TravelPrograms $12,323$12,323
IX-22 Depreciation, depletion and amortizationManagement $153$153
IX-24 Other expenses (24a–d)Management $26,435$26,435
IX-24e All other expensesManagement $530$530
IX-25 Total functional expensesPrograms $430,721 · Management $107,848 · Fundraising $0$538,569
Part X · Balance sheet $557,766 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $513,235$556,771
X-10c Land, buildings and equipment, netStart of year $1,148$995
X-16 Total assetsStart of year $543,245$557,766
X-17 Accounts payable and accrued expensesStart of year $34,460$63,481
X-26 Total liabilitiesStart of year $34,460$63,481
X-27 Net assets without donor restrictionsStart of year $153,334$138,834
X-28 Net assets with donor restrictionsStart of year $355,451$355,451
X-32 Total net assets or fund balancesStart of year $508,785$494,285
X-33 Total liabilities and net assetsStart of year $543,245$557,766
Part XI · Reconciliation of net assets $494,285 net assets at year end
XI-1 Total revenue$597,023
XI-2 Total expenses$538,569
XI-3 Revenue less expenses$58,454
XI-4 Net assets at start of year$508,785
XI-9 Other changes in net assets−$72,954
XI-10 Net assets at end of year$494,285

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

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