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The Falcon Foundation

Tax-deductible

Colfax, CA501(c)(3) EIN 68-0290537Revenue $210K in FY2025

On file with the IRSpuhsd.k12.ca.us/colfax/pages/parents24995 Ben Taylor Rd, 95713-9556 · Colfax, CATax-exempt since Feb 1993Publicly supported charity — 170(b)(1)(A)(vi)

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Fundraising for scholarships to students in the colfax area and to hold the annual colfax high school grad night

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 4
filings with a surplus
Average surplus $263K a year · 64% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
77 mo
of spending, in cash
Looks good: 76.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $43K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$210K
+13% vs prior year
Spent
$168K
To programs
99%
Net assets
$1.1M
By yearFY2021–FY2025
Revenue
$210K
FY2025▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2021$151K
FY2022$1.0M
FY2023$230K
FY2024$186K
FY2025$210K
Expenses
$168K
FY2025▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$90K
FY2023$137K
FY2024$185K
FY2025$168K
Net assets
$1.1M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$171K
FY2022$914K
FY2023$1.0M
FY2024$1.0M
FY2025$1.1M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1993.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $166K Management & general 1% · $2K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Bonny Starr
Director
$0Pt VII · Sec A
Alma Ackerman
Secretary
$0Pt VII · Sec A
Laura Owens
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Falcon Foundation 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

Provides scholarships for Colfax students and hosts their annual Grad Night celebration.

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Provided by the organization

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1 program · $166K · in their own filed words · FY2025
01

Provide grants for colfax high school. Fundraising for student scholarships. Hold annual grad night and administer parent, teacher alumni committee.

$166Kprogram 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
BNY Mellon Charitable Gift FundFY2024$30K
American Online Giving Foundation INCFY2024$13K
Total grants receivedfrom 2 funders$43K
Grants paid · 4 grants · $559K · 2022–2025
Colfax High SchoolFY2025$160,273
Colfax High SchoolFY2024$179,862
Colfax High SchoolFY2023$130,474
Colfax High SchoolFY2022$88,031

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$210K
Ln 12
Investment incomeLn 3$112K
Gifts and grantsLn 1h$99K
Money outPt IX
$168K
Ln 25
Programscol B$166K
Managementcol C$2K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$99K
Investment incomeLn 3$112K
Gains on assetsLn 7$15K
Total revenueLn 12$210K
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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 FY25End FY25
Cash and savingsLn 1–2$1.0M$1.1M
Total assetsLn 16$1.0M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.0M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$160K$160K
Accounting feesLn 11c$360$360
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$105$105
InsuranceLn 23$2K$2K
Total functional expensesLn 25$168K$166K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $210K$168K$42K$1.1M 990 PDF
FY2024 $186K$185K$954$1.0M 990 PDF
FY2023 $230K$137K$94K$1.0M 990 PDF
FY2022 $1.0M$90K$914K$914K 990 PDF
FY2021 $151K$171K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $210,459 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $134,509$98,916
I-9 Program service revenue$0
I-10 Investment incomePrior year $51,941$111,543
I-11 Other revenue$0
I-12 Total revenuePrior year $186,450$210,459
I-13 Grants and similar amounts paidPrior year $179,862$160,273
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,634$8,004
I-18 Total expensesPrior year $185,496$168,277
I-19 Revenue less expensesPrior year $954$42,182
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $210,459 across 5 lines filed
VIII-1f All other contributions, gifts and grants$98,916
VIII-1h Total contributions, gifts and grants$98,916
VIII-3 Investment incomeRelated to mission $96,534$96,534
VIII-7 Net gain or loss on sales of assetsRelated to mission $15,009$15,009
VIII-12 Total revenueRelated to mission $111,543$210,459
Part IX · Statement of functional expenses $168,277 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $160,273$160,273
IX-11c Accounting feesManagement $360$360
IX-11f Investment management feesPrograms $5,630$5,630
IX-11g Other fees for servicesManagement $105$105
IX-23 InsuranceManagement $1,909$1,909
IX-25 Total functional expensesPrograms $165,903 · Management $2,374 · Fundraising $0$168,277
Part X · Balance sheet $1,078,381 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $9,423$26,865
X-2 Savings and temporary cash investmentsStart of year $1,026,776$1,051,516
X-16 Total assetsStart of year $1,036,199$1,078,381
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,036,199$1,078,381
X-32 Total net assets or fund balancesStart of year $1,036,199$1,078,381
X-33 Total liabilities and net assetsStart of year $1,036,199$1,078,381
Part XI · Reconciliation of net assets $1,078,381 net assets at year end
XI-1 Total revenue$210,459
XI-2 Total expenses$168,277
XI-3 Revenue less expenses$42,182
XI-4 Net assets at start of year$1,036,199
XI-10 Net assets at end of year$1,078,381

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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