Fallbrook Community Development Center FY2023 filing

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EIN 76-0610496 Religious organization Houston, TX NTEE X20
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Revenue & expenses by yearFY2020–FY2024
Revenue
$653K
FY2023▼ -29%
Expenses
$1K
FY2023▼ -98%

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Offers before and after school care and educational support for children. For fiscal year 2023 it reported $653K in revenue, $1K in expenses, and $1.8M in net assets.Pt I

Type
Religious organization · Religion
Location
Houston, TX
Website
www.fallbrookacademy.com
Filings
5 on file (2020–2023)
Revenue
$653KFY2023
Expenses
$1K
Net assets
$1.8M
People
4
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Provided by the organization

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Size
<$100K
What they do
Offers before and after school care and educational support for children.
Leadership
Michael a Pender · President & CEO
Money in and out
$653K revenue, $1K expenses
Bottom line
0% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Fidelity Investments Charitable Gift Fund

1 distinct foundation funder(s) on file, $84K received in the most recent year with grants. See detail →

How is the money spent?

CRITICAL

0% to programs

0% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K · ↓ -29% vs prior year

Revenue band <$100K, -29% versus the prior filing year (down). See detail →

Where the money goes · FY2023
Total revenue
$653K
Pt VIII · Ln 12
Total expenses
$1K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $652K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
14548.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+100%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$1.8M
FY2023▲ +59%
Total liabilities
$0
FY2023
Revenue less expensesPt I · Ln 19$652K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CFallbrook Community Development Center
EINHdr · item D76-0610496
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.fallbrookacademy.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFAug 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$0Pt VII · Sec A
Off Site Director
$0Pt VII · Sec A
On Site Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Fallbrook Community Development Center executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
01

At least 300 clients are served. Before and after school care is provided to children ages 3-13, the christian academy provides schooling for PRE-K3, PRE-K4 and kindergarten and summer camp is also offered. Reading and math classes are offered, as well as tutorial and financial classes, and resume, ged and job preparation classes.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$647K · 99%
Program service revenue$6K · 1%
Contributions & grants99%$647K
Program service revenue1%$6K
Investment income$34
— government grantsLn 1e$613K
Total revenueLn 12$653K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$1K
Total functional expensesLn 25$1K

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$1.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.8M
Months of cash on handcomputed14548.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $1K
14548.1 months
Where the money goes
Program services
Program services $0 · Total expenses $1K
0%
Management & General
Management & general $1K · Total expenses $1K
100%
Fundraising
Fundraising $0 · Total expenses $1K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $17K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $647K · Total revenue $653K
99%
Government reliance
Government grants $613K · Total revenue $653K
94%
Earned-income share
Program service revenue $6K · Total revenue $653K
0.9%
Investment reliance
Investment income $34 · Total revenue $653K
<0.01%
Program self-sufficiency
Program service revenue $6K · Total expenses $1K
454%
Growth & trend
Revenue growth (YoY)
This year $653K · Prior year $920K
-29%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $653K · Expenses $1K
+100%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
—
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael a Pender · Reported title PRESIDENT & CEO · Highest reported compensation $0 · Total expenses $1K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%——
Fundraising cost ratio 0%——
Revenue growth -29%——
Accounting fee ratio 100%——

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
Total grants receivedfrom 1 funder$84K
Grants paid · 2 grants · $267K · 2024–2024
Fallbrook Baptist ChurchFY2024$90,000

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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)$1 revenue · ⤓ 990 PDF
FY2023$653K revenue · viewing · ⤓ 990 PDF
FY2022$920K revenue · ⤓ 990 PDF
FY2021$253 revenue · ⤓ 990 PDF
FY2020$68K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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