Fowler Action Committee Foundation FY2024 filing

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Providing affordable housing for low to moderate income individuals

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
1 of 2
filings with a surplus
Average surplus $153K a year · 57% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
50 mo
of spending, in cash
Looks good: 49.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $11K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$363K
43% of total assets
Looks good: liabilities are 43% 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
$494K
Spent
$26K
To programs
100%
Net assets
$484K
By yearFY2024–FY2025
Revenue
$494K
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2024$494K
FY2025$43K
Expenses
$26K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2024$26K
FY2025$205K
Net assets
$484K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2024$484K
FY2025$322K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $26K

Form 990 Part IX, line 25. 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
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fowler Action Committee 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

Builds and provides affordable homes for people with limited incomes.

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Provided by the organization

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1 program · $26K · in their own filed words · FY2024
01

Grants from government sources and contributions from community foundations used to build or remodel affordable housing

$26Kprogram 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
Total grants receivedfrom 2 funders$11K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$494K
Ln 12
Gifts and grantsLn 1h$448K
Other incomeLn 4–11$46K
Investment incomeLn 3$64
Money outPt IX
$26K
Ln 25
Programscol B$26K
Owns and owesPt X
$484K
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$847K
LiabilitiesLn 26$363K
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$448K
Government grantsLn 1e$405K
Investment incomeLn 3$64
Other incomeLn 4–11$46K
Total revenueLn 12$494K
Assets in detailPt X, end of year
CashLn 1$90K
SavingsLn 2$20K
Cash and savings togetherLn 1–2$110K
Land, buildings, equipmentLn 10c$737K
Total assetsLn 16$847K
LiabilitiesLn 26$363K
Net assetsLn 32$484K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$21K$110K
Land, buildings, equipmentLn 10c$30K$737K
Total assetsLn 16$52K$847K
LiabilitiesLn 26$119K$363K
Net assetsLn 32−$67K$484K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Office expensesLn 13$12$12$0$0
Other expenses (24a–d)Ln 24$23K$23K$0$0
All other expensesLn 24e$3K$3K$0$0
Total functional expensesLn 25$26K$26K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $43K$205K−$162K$322K 990 PDF
FY2024 Viewing $494K$26K$467K$484K 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 FY2024 990 (6 parts)
Part I · Summary $493,810 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,806$447,834
I-9 Program service revenue$0
I-10 Investment income$64
I-11 Other revenuePrior year $0$45,912
I-12 Total revenuePrior year $15,806$493,810
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $0$26,363
I-18 Total expensesPrior year $0$26,363
I-19 Revenue less expensesPrior year $15,806$467,447
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 $493,810 across 5 lines filed
Lines not itemized here account for $45,912 of total revenue; see the IRS return.
VIII-1e Government grants$405,494
VIII-1f All other contributions, gifts and grants$42,340
VIII-1h Total contributions, gifts and grants$447,834
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$64
VIII-12 Total revenueRelated to mission $45,976 · Unrelated business $0 · Excluded from tax $0$493,810
Part IX · Statement of functional expenses $26,363 across 5 lines filed
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $12 · Management $0 · Fundraising $0$12
IX-24 Other expenses (24a–d)Programs $23,237 · Management $0 · Fundraising $0$23,237
IX-24e All other expensesPrograms $3,114 · Management $0 · Fundraising $0$3,114
IX-25 Total functional expensesPrograms $26,363 · Management $0 · Fundraising $0$26,363
Part X · Balance sheet $846,717 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,275$89,617
X-2 Savings and temporary cash investmentsStart of year $20,000$20,000
X-10c Land, buildings and equipment, netStart of year $30,471$737,100
X-16 Total assetsStart of year $51,746$846,717
X-24 Unsecured notes and loans payableStart of year $118,936$362,707
X-26 Total liabilitiesStart of year $118,936$362,707
X-32 Total net assets or fund balancesStart of year −$67,190$484,010
X-33 Total liabilities and net assetsStart of year $51,746$846,717
Part XI · Reconciliation of net assets $484,010 net assets at year end
XI-1 Total revenue$493,810
XI-2 Total expenses$26,363
XI-3 Revenue less expenses$467,447
XI-4 Net assets at start of year−$67,190
XI-8 Prior period adjustments$83,753
XI-10 Net assets at end of year$484,010

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

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