Fay-Constructive Foundation INC EIN 83-2028998

Fay-Constructive Foundation INC FY2023 filing

EIN  83-2028998 Public foundation / grantmaker Tampa, FL
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Supports communities where the sponsor does business through employee giving and corporate donations.
Leadership
Edward J Fay · President
Money in and out
$128K revenue, $142K expenses
Bottom line
98% program efficiency

Supports communities where the sponsor does business through employee giving and corporate donations. For fiscal year 2023 it reported $128K in revenue, $142K in expenses, and $19K in net assets.Pt I

Grants paid & assets · FY2023
Total revenue
$128K
Pt VIII · Ln 12
Total expenses
$142K
Pt IX · Ln 25
Net assets
$19K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$14K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs
Operating runway
26.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$128K
FY2023▼ -30%
Expenses
$142K
FY20230%
Total assets
$320K
FY2023▲ +610%
Total liabilities
$302K
FY2023▲ ×24
Total revenue
$128K
Pt VIII · Ln 12
Total expenses
$142K
Pt IX · Ln 25
Net assets
$19K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$14K
Total assetsPt X · Ln 16$320K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $139K of program spending, described in the organization's own filed words · FY2023.
01

Charitable donations

$139Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFay-Constructive Foundation INC
EINHdr · item D83-2028998
Principal addressHdr · item CTampa, FL
WebsiteHdr · item Jwww.fayconstructive.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFApr 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$118K · 92%
Investment income$10K · 8%
Contributions & grants92%$118K
Investment income8%$10K
Total revenueLn 12$128K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$139K
Management & general2%$3K
Total functional expensesLn 25$142K

Balance Sheet

Part X · end of year
CashLn 1$57K
Total assetsLn 16$320K
Total liabilitiesLn 26$302K
Total net assetsLn 32$19K
Months of cash on handcomputed4.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $319K · Operating expenses/yr $142K
26.9 months
Where the money goes
Program services
Program services $139K · Total expenses $142K
98%
Management & General
Management & general $3K · Total expenses $142K
2%
Fundraising
Fundraising $0 · Total expenses $142K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $125K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $118K · Total revenue $128K
92%
Government reliance
Government grants — · Total revenue $128K
Earned-income share
Program service revenue $0 · Total revenue $128K
0%
Investment reliance
Investment income $10K · Total revenue $128K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $142K
0%
Growth & trend
Revenue growth (YoY)
This year $128K · Prior year $183K
-30%
Net-asset trend (YoY)
End of year $19K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $128K · Expenses $142K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $320K
Net-asset ratio
Net assets $19K · Total assets $320K
6%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $261K · Total assets (Pt X, ln 16) $320K
82%
People & payroll
Highest Reported Total Compensation
Individual Edward J Fay · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $142K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $142K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth -30%

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 · this organization's grantmaking
Grants paid · 31 grants · $540K · 2021–2025
Wounded Warrior Project INCFL · FY2025$12,927
Feeding Tampa BayFY2025$11,963
The Salvation Army of North TexasFY2025$11,963
Operation Homefront INCTX · FY2025$10,773
The Salvation Army Metropolitan DivisionFY2025$9,602
North Texas Food BankTX · FY2025$7,799
Salvation Army of TampaFY2025$7,799
Lead the Way Fund INCNY · FY2025$6,464
Operation Homefront INCTX · FY2024$14,350
Feeding Tampa BayFY2023$10,150
Backpack Drive 2023FY2023$10,064
See all 31 grants →

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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
FY2025 (Latest)$127K revenue · ⤓ 990 PDF
FY2024$148K revenue · ⤓ 990 PDF
FY2023$128K revenue · viewing · ⤓ 990 PDF
FY2022$183K revenue · ⤓ 990 PDF
FY2021$72K revenue · ⤓ 990 PDF
FY2020$149K 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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