Tfalls Foundation INC EIN 83-2649082

Tfalls Foundation INC

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Builds educational centers to create a hopeful future for Kenyan children. For fiscal year 2024 it reported $232K in revenue, $258K in expenses, and $122K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Acworth, GA
Website
www.tfallsfoundation.org
Filings
5 on file (2020–2024)
Revenue
$232KFY2024
Expenses
$258K
Net assets
$122K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-2649082 Public charity (501(c)(3)) Acworth, GA
Form 990 (PDF)
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Size
$100K–1M
What they do
Builds educational centers to create a hopeful future for Kenyan children.
Leadership
Charles Wangondu · President
Money in and out
$232K revenue, $258K expenses
Bottom line
96% program efficiency
Where the money goes · FY2024
Total revenue
$232K
Pt VIII · Ln 12
Total expenses
$258K
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$25K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs+0.2% vs prior filing year
Operating runway
5.2mo
months of highly liquid reserves at operating expense rate▼ -37% vs prior filing year
Surplus margin
-11%
revenue over expenses, this year▼ -141% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$232K
FY2024▲ +5%
Expenses
$258K
FY2024▲ +59%
Total assets
$122K
FY2024▼ -17%
Total liabilities
$0
FY2024
Total revenue
$232K
Pt VIII · Ln 12
Total expenses
$258K
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$25K
Total assetsPt X · Ln 16$122K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

2 program services account for $248K of program spending, described in the organization's own filed words · FY2024.
01

Muthengera Primary Facility Overhaul

Muthengera Primary School is located in Marmanet Division particularly the Marmanet Zone of Nyahururu Sub County in Laikipia County. The school has around 800 students. Like many schools in the area, there is a need to improve existing facilities to enhance kids learning environment.

$213Kprogram expense
02

Kayu Primary Facility Overhaul

4b Kayu Comprehensive School, a public primary and secondary institution located in Central Kenya, serves approximately 200 students. However, the school has faced challenges in recent years, including a decline in enrollment.

$35Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTfalls Foundation INC
EINHdr · item D83-2649082
Principal addressHdr · item CAcworth, GA
WebsiteHdr · item Jwww.tfallsfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P40)
Ruling yearIRS BMFApr 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$231K
Investment income$1K
Total revenueLn 12$232K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$248K
Management & general4%$10K
Total functional expensesLn 25$258K

Balance Sheet

Part X · end of year
CashLn 1$113K
Total assetsLn 16$122K
Total liabilitiesLn 26$0
Total net assetsLn 32$122K
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $113K · Operating expenses/yr $258K
5.2 months
Where the money goes
Program services
Program services $248K · Total expenses $258K
96%
Management & General
Management & general $10K · Total expenses $258K
4%
Fundraising
Fundraising $0 · Total expenses $258K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $226K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $231K · Total revenue $232K
100%
Government reliance
Government grants — · Total revenue $232K
Earned-income share
Program service revenue $0 · Total revenue $232K
0%
Investment reliance
Investment income $1K · Total revenue $232K
+0.5%
Program self-sufficiency
Program service revenue $0 · Total expenses $258K
0%
Growth & trend
Revenue growth (YoY)
This year $232K · Prior year $221K
+5%
Revenue CAGR
FY2020 $53K · FY2024 $232K
+44%
Net-asset trend (YoY)
End of year $122K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $232K · Expenses $258K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $122K
Net-asset ratio
Net assets $122K · Total assets $122K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $122K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Charles Wangondu · Reported title President · Highest reported compensation $0 · Total expenses $258K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $258K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 5%
Accounting fee ratio 3%

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 · funders on record
Grants received · FY2024
See all 6 funders →

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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)$232K revenue · viewing · ⤓ 990 PDF
FY2023$221K revenue · ⤓ 990 PDF
FY2022$94K revenue · ⤓ 990 PDF
FY2021$106K revenue · ⤓ 990 PDF
FY2020$53K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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