Terry Fator Foundation: Nonprofit Profile, Financials & Form 990 (EIN 82-2023672)

Revenue by fiscal year
FY2020	$7K
FY2021	$5
FY2024	$965K

Net assets by fiscal year
FY2020	$17K
FY2021	$17K
FY2024	$970K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2017.

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

Where the money goes

7 cents of each dollar spent went to programs.

93%

Program services 7% · $2K Management & general 93% · $33K

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

3 people listed on the 990; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation

Clifford Davis

Director

$20,000Pt VII · Sec A

Angela M Fiore-Fator

President

$0Pt VII · Sec A

Terry W Fator

Treasurer

$0Pt VII · Sec A

Clifford Davis’s $20K as Director is at the 18th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking 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.

See Terry Fator 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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports children, military, veterans, and first responders with charitable funds.

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Provided by the organization

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1 program · $2K · in their own filed words · FY2024

01

Ina McAdory, an ROTC student in Dallas, TX was picked by a 5 person panel for an essay written about patriotism and was selected to receive the $2,500 Terry Fator scholarship.

$2Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

The Hometown Foundation INCFY2024$50K

Total grants receivedfrom 1 funder$50K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$965K

Ln 12

Gifts and grantsLn 1h$959K

Other incomeLn 4–11$6K

Money outPt IX

$36K

Ln 25

Programscol B$2K

Managementcol C$33K

Owns and owesPt X

$970K

net assets · Ln 32

Cash and savingsLn 1–2$924K

Total assetsLn 16$970K

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A1

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$959K

Other incomeLn 4–11$6K

Total revenueLn 12$965K

Assets in detailPt X, end of year

CashLn 1$924K

Cash and savings togetherLn 1–2$924K

Total assetsLn 16$970K

LiabilitiesLn 26$0

Net assetsLn 32$970K

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$41K	$924K
Total assetsLn 16	$41K	$970K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$41K	$970K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2K	$2K
Pay of current officers, directors and key staffLn 5	$20K		$20K
Legal feesLn 11b	$3K		$3K
Advertising and promotionLn 12	$6K		$6K
Information technologyLn 14	$2K		$2K
TravelLn 17	$2K		$2K
Total functional expensesLn 25	$36K	$2K	$33K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$965K	$36K	$929K	$970K	990 PDF
FY2023	Not on file
FY2022	Not on file
FY2021	$5			$17K	990 PDF
FY2020	$7K			$17K	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 FY2024 990 (6 parts)

Part I · Summary $964,696 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $27,000$958,990

I-9 Program service revenuePrior year $5,383$0

I-10 Investment income$0

I-11 Other revenue$5,706

I-12 Total revenuePrior year $32,383$964,696

I-13 Grants and similar amounts paidPrior year $5,000$2,500

I-14 Benefits paid to members$0

I-15 Salaries and benefits$20,000

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $3,157$13,167

I-18 Total expensesPrior year $8,157$35,667

I-19 Revenue less expensesPrior year $24,226$929,029

Part VI · Governance 2 of 3 board members independent, 5 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

VI-2 Family or business relationship among officers or directorsYes

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

Part VIII · Statement of revenue $964,696 across 3 lines filed

Lines not itemized here account for $5,706 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$958,990

VIII-1h Total contributions, gifts and grants$958,990

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$964,696

Part IX · Statement of functional expenses $35,667 across 6 lines filed

IX-2 Grants to domestic individualsPrograms $2,500$2,500

IX-5 Pay of current officers, directors and key staffManagement $20,000$20,000

IX-11b Legal feesManagement $2,920$2,920

IX-12 Advertising and promotionManagement $6,250$6,250

IX-14 Information technologyManagement $2,265$2,265

IX-17 TravelManagement $1,732$1,732

IX-25 Total functional expensesPrograms $2,500 · Management $33,167 · Fundraising $0$35,667

Part X · Balance sheet $970,323 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $41,294$924,132

X-8 Inventories for sale or use$46,191

X-16 Total assetsStart of year $41,294$970,323

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $41,294$970,323

X-33 Total liabilities and net assetsStart of year $41,294$970,323

Part XI · Reconciliation of net assets $970,323 net assets at year end

XI-1 Total revenue$964,696

XI-2 Total expenses$35,667

XI-3 Revenue less expenses$929,029

XI-4 Net assets at start of year$41,294

XI-10 Net assets at end of year$970,323

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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