Civic Intelligence

Falconworks

990EZ • Fiscal year 2012 • EIN 20-1351869

Jan 01, 2012 to Dec 31, 2012 • Filed on May 09, 2013

3595 East Fountain Blvd80910
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.04x

Higher debt load relative to assets than 69% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

74th percentile

0.04x

Higher debt load relative to revenue than 74% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Net Margin

77th percentile

19%

Higher net margin than 77% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

80th percentile

32%

Faster asset growth than 80% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

63rd percentile

10%

Faster revenue growth than 63% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Assets

Up

$11,055

Up $2,662 (+32%) from 2011

Net Assets

Up

$10,588

Up $2,320 (+28%) from 2011

Liabilities

Up

$467

Up $342 (+274%) from 2011

Revenue

Up

$12,067

Up $1,114 (+10%) from 2011

Expenses

Up

$9,747

Up $1,850 (+23%) from 2011

Net Income

Down

$2,320

Down $736 (-24%) from 2011

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2010: $6,323Liabilities 2010: $1,111Net Assets 2010: $5,2122010Assets 2011: $8,393Liabilities 2011: $125Net Assets 2011: $8,2682011Assets 2012: $11,055Liabilities 2012: $467Net Assets 2012: $10,5882012Assets 2013: $5,012Liabilities 2013: $02013Assets 2014: $7,327Net Assets 2014: $7,3272014Assets 2015: $18,384Liabilities 2015: $02015Assets 2016: $15,154Liabilities 2016: $190Net Assets 2016: $14,9642016Assets 2017: $9,308Net Assets 2017: $9,3082017Assets 2018: $46,778Net Assets 2018: $46,7782018Assets 2019: $43,321Net Assets 2019: $43,3212019Assets 2020: $41,252Net Assets 2020: $41,2522020Assets 2021: $32,627Net Assets 2021: $32,6272021Assets 2022: $31,255Net Assets 2022: $31,2552022Assets 2023: $29,836Liabilities 2023: $02023Assets 2024: $29,471Net Assets 2024: $29,4712024

Highlighted filing

2012

Assets$11,055
Liabilities$467
Net Assets$10,588

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0-$20KRevenue 2010: $10,395Expenses 2010: $3,114Net Income 2010: $7,2812010Revenue 2011: $10,953Expenses 2011: $7,897Net Income 2011: $3,0562011Revenue 2012: $12,067Expenses 2012: $9,747Net Income 2012: $2,3202012Revenue 2013: $1,768Expenses 2013: $7,344Net Income 2013: -$5,5762013Revenue 2014: $7,469Expenses 2014: $5,154Net Income 2014: $2,3152014Revenue 2015: $20,304Expenses 2015: $9,247Net Income 2015: $11,0572015Revenue 2016: $1,948Expenses 2016: $5,368Net Income 2016: -$3,4202016Revenue 2017: $504Expenses 2017: $6,160Net Income 2017: -$5,6562017Revenue 2018: $50,180Expenses 2018: $12,710Net Income 2018: $37,4702018Revenue 2019: $187Expenses 2019: $3,644Net Income 2019: -$3,4572019Revenue 2020: $2,172Expenses 2020: $4,241Net Income 2020: -$2,0692020Revenue 2021: $1,080Expenses 2021: $9,705Net Income 2021: -$8,6252021Revenue 2022: $130Expenses 2022: $1,502Net Income 2022: -$1,3722022Revenue 2023: $78Expenses 2023: $1,497Net Income 2023: -$1,4192023Revenue 2024: $13Expenses 2024: $378Net Income 2024: -$3652024

Highlighted filing

2012

Revenue$12,067
Expenses$9,747
Net Income$2,320
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 9, 2013
Return Version
2012v2.0
Mission and Program Overview

Mission

Falconworks acts as an "innovation hub" by bringing together community needs, design and development capabilities at the u.s. Air force academy, and financing from the public and corporate sponsors. Falconworks actively solicits projects in the colorado springs area that require scientific or engineering design work. Falconworks solicits general funds from the public and specific project financing from corporate sponsors in an effort to make prototypes available to end users. Falconworks then arranges student-led teams (with faculty oversight) at the u.s air force academy to design and develop the products. Any required materials are paid for with funds raised by falconworks. In exchange for providing the design and development labor, students at the u.s. Air force academy get to participate in real life projects that benefit the community.

Filing and Contact Details

Filer

EIN
20-1351869
Raw XML Appendix197 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName0SCOTT REA
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName1GREG MCGREW
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName2KIRBY PHILLIPS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName3DR ROGER P NEELAND
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName4DR MICHAEL WILCOX
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName5TIMOTHY WORRALL JD PhD
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title0DIRECTOR / SEC
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title1Director
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title2VICE CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title3CHAIRMAN / TRSR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title4President
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IRS990EZ/OtherExpensesTotal09747
IRS990EZ/PartVIAHghstPaidCntrctProfSer0NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl0NONE
IRS990EZ/PrimaryExemptPurpose0FALCONWORKS ACTS AS AN "INNOVATION HUB" BY BRINGING TOGETHER COMMUNITY NEEDS, DESIGN AND DEVELOPMENT CAPABILITIES AT THE U.S. AIR FORCE ACADEMY, AND FINANCING FROM THE PUBLIC AND CORPORATE SPONSORS. FALCONWORKS ACTIVELY SOLICITS PROJECTS IN THE COLORADO SPRINGS AREA THAT REQUIRE SCIENTIFIC OR ENGINEERING DESIGN WORK. FALCONWORKS SOLICITS GENERAL FUNDS FROM THE PUBLIC AND SPECIFIC PROJECT FINANCING FROM CORPORATE SPONSORS IN AN EFFORT TO MAKE PROTOTYPES AVAILABLE TO END USERS. FALCONWORKS THEN ARRANGES STUDENT-LED TEAMS (WITH FACULTY OVERSIGHT) AT THE U.S AIR FORCE ACADEMY TO DESIGN AND DEVELOP THE PRODUCTS. ANY REQUIRED MATERIALS ARE PAID FOR WITH FUNDS RAISED BY FALCONWORKS. IN EXCHANGE FOR PROVIDING THE DESIGN AND DEVELOPMENT LABOR, STUDENTS AT THE U.S. AIR FORCE ACADEMY GET TO PARTICIPATE IN REAL LIFE PROJECTS THAT BENEFIT THE COMMUNITY.
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom0THE PROJECTS FOR 2007, 2008, 2009, 2010, 2011 AND 2012 WERE:INITIATED IN 2012: NEUMIMIC IS A PHYSICAL THERAPY SYSTEM BEING DEVELOPED BY US AIR FORCE ACADEMY CADETS WHICH HELPS PATIENTS WITH CHRONIC LOSS OF LIMB MOTION--SUCH AS WITH STROKE VICTIMS. THE SPECIALLY DESIGNED SOFTWARE AND MULTI-DIRECTIONAL ARM BRACE WORK IN CONJUNCTION WITH MICROSOFT XBOX KINECT TO ALLOW PATIENTS TO COMPARE ACTUAL MOTIONS WITH DESIRED MOTIONS ON THE DISPLAY. INTERACTIVE HAND/WRIST THERAPY SYSTEM ("MANIPULUS") WHICH DEVELOPED A TABLE-MOUNTABLE THERAPEUTIC "JOYSTICK" THAT CONTROLS VIDEO GAMES; THE UNIVERSAL BASE WOULD HOUSE "SNAP IN" ATTACHMENTS THAT SIMULATE THE MOST COMMON HAND/WRIST MOTIONS.SENSOR-ENHANCED BALANCING PLATFORM ("THERABALANCE") DEVELOPED A PORTABLE, ELECTRO-MECHANICAL, BALL-JOINT SYSTEM WITH ADVANCED SENSORS AND DISPLAYS; THE PLATFORM WILL OPERATE IN 3 DIRECTIONAL MODES (FRONT-BACK, SIDE-SIDE, AND FREE-PLAY). THIS ADDRESSED THE NEED FOR COMMERCIALLY-AVAILABLE LOW-END DEVICES WITH QUANTITATIVE ANALYSIS CAPABILITY.INITIATED IN 2009 AND CONTINUED THROUGH 2012: EXOGRIP IS DEVELOPING A LIGHT-WEIGHT, WEARABLE, COMPUTER-ENHANCED ARM/HAND EXOSKELETON TO PROVIDE STRENGTH ASSISTANCE TO INDIVIDUALS WITH LIMITED HAND STRENGTH.
IRS990EZ/ProgramServiceAccomplishment/GrantsAndAllocations09540
IRS990EZ/ProgramServiceRevenue010000
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IRS990EZ/SumOfTotalLiabilities/EOY0467
IRS990EZ/TanningServicesProvided0false
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IRS990EZ/TheBooksAreInCareOf/AddressUS/City0COLORADO SPRINGS
IRS990EZ/TheBooksAreInCareOf/AddressUS/State0CO
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode080910
IRS990EZ/TheBooksAreInCareOf/NamePerson0DR ROGER NEELAND
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber07196857877
IRS990EZ/TotalAssets/BOY08393
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IRS990EZ/TotalExpenses09747
IRS990EZ/TotalProgramServiceExpenses09540
IRS990EZ/TotalRevenue012067
IRS990EZ/TransactionWithControlEntity0false
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg0false
IRS990EZ/WebSite0WWW.FALCONWORKS.ORG
IRS990ScheduleA/AmtsFromSubstContributors/Total00
IRS990ScheduleA/AmtsRecdFromDisqualPersons/Total00
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYear0750
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IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus3Years016933
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IRS990ScheduleA/OtherIncome509/CurrentTaxYear01317
IRS990ScheduleA/OtherIncome509/CurrentTaxYearMinus1Year01927
IRS990ScheduleA/OtherIncome509/CurrentTaxYearMinus3Years0438
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IRS990ScheduleO/GeneralExplanation/Explanation0CREDIT CARD LIABILITIES - Beginning $125 CREDIT CARD LIABILITIES - Ending $467
IRS990ScheduleO/GeneralExplanation/Explanation1REGISTRATION FEES $10
IRS990ScheduleO/GeneralExplanation/Explanation2MEALS $64
IRS990ScheduleO/GeneralExplanation/Explanation3OTHER COSTS $72
IRS990ScheduleO/GeneralExplanation/Explanation4TELEPHONE $82
IRS990ScheduleO/GeneralExplanation/Explanation5MEETING EXPENSES $194
IRS990ScheduleO/GeneralExplanation/Explanation6DONATED ACCOUNTING FEES $250
IRS990ScheduleO/GeneralExplanation/Explanation7ACCOUNTING FEES $560
IRS990ScheduleO/GeneralExplanation/Explanation8WEB HOSTING $700
IRS990ScheduleO/GeneralExplanation/Explanation9FACIILITIES SUPPORT $2200
IRS990ScheduleO/GeneralExplanation/Explanation10PROJECT MATERIALS $5615
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990-EZ, Part II, Line 26.1
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990-EZ, Part I, Line 16.10
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990-EZ, Part I, Line 16.9
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990-EZ, Part I, Line 16.8
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990-EZ, Part I, Line 16.7
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990-EZ, Part I, Line 16.6
IRS990ScheduleO/GeneralExplanation/Identifier6Form 990-EZ, Part I, Line 16.5
IRS990ScheduleO/GeneralExplanation/Identifier7Form 990-EZ, Part I, Line 16.4
IRS990ScheduleO/GeneralExplanation/Identifier8Form 990-EZ, Part I, Line 16.3
IRS990ScheduleO/GeneralExplanation/Identifier9Form 990-EZ, Part I, Line 16.2
IRS990ScheduleO/GeneralExplanation/Identifier10Form 990-EZ, Part I, Line 16.1
IRS990ScheduleO/GeneralExplanation/ReturnReference0Total Liabilities.1
IRS990ScheduleO/GeneralExplanation/ReturnReference1Other Expenses.10
IRS990ScheduleO/GeneralExplanation/ReturnReference2Other Expenses.9
IRS990ScheduleO/GeneralExplanation/ReturnReference3Other Expenses.8
IRS990ScheduleO/GeneralExplanation/ReturnReference4Other Expenses.7
IRS990ScheduleO/GeneralExplanation/ReturnReference5Other Expenses.6
IRS990ScheduleO/GeneralExplanation/ReturnReference6Other Expenses.5
IRS990ScheduleO/GeneralExplanation/ReturnReference7Other Expenses.4
IRS990ScheduleO/GeneralExplanation/ReturnReference8Other Expenses.3
IRS990ScheduleO/GeneralExplanation/ReturnReference9Other Expenses.2
IRS990ScheduleO/GeneralExplanation/ReturnReference10Other Expenses.1
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0201351869
ReturnHeader/Filer/Name/BusinessNameLine10FALCONWORKS
ReturnHeader/Filer/NameControl0FALC
ReturnHeader/Filer/Phone07196857877
ReturnHeader/Filer/USAddress/AddressLine103595 EAST FOUNTAIN BLVD
ReturnHeader/Filer/USAddress/City0COLORADO SPRINGS
ReturnHeader/Filer/USAddress/State0CO
ReturnHeader/Filer/USAddress/ZIPCode080910
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02013-05-09
ReturnHeader/Officer/Name0DR ROGER P NEELAND
ReturnHeader/Officer/Title0DIRECTOR/ TREAS
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10MAP CPAS LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine101227 LAKE PLAZA DR STE D
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0COLORADO SPRINGS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0CO
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0809067402
ReturnHeader/Preparer/Name0MARK PATTERSON
ReturnHeader/Preparer/Phone07196857910
ReturnHeader/ReturnType0990EZ
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-05-10T09:18:54-07:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$29.5$29.5$0.01$0.38$0.37
2023Summary only. Only limited summary data is available for this year.$29.8$0.00$0.08$1.50$1.42
2022Detailed filing. Detailed filing data is available for this year.$31.3$31.3$0.13$1.50$1.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.6$32.6$1.08$9.71$8.63
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.3$41.3$2.17$4.24$2.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.3$43.3$0.19$3.64$3.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.8$46.8$50.2$12.7$37.5
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.31$9.31$0.50$6.16$5.66
2016Detailed filing. Detailed filing data is available for this year.$15.2$0.19$15.0$1.95$5.37$3.42
2015Summary only. Only limited summary data is available for this year.$18.4$0.00$20.3$9.25$11.1
2014Detailed filing. Detailed filing data is available for this year.$7.33$7.33$7.47$5.15$2.32
2013Summary only. Only limited summary data is available for this year.$5.01$0.00$1.77$7.34$5.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$0.47$10.6$12.1$9.75$2.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.39$0.13$8.27$11.0$7.90$3.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.32$1.11$5.21$10.4$3.11$7.28