Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
39th percentile
Faster asset growth than 39% of similar nonprofits.
Revenue Growth
14th percentile
Faster revenue growth than 14% of similar nonprofits.
Balance Sheet
Assets
Flat$29,836
Flat from 2023
Net Assets
$29,836
No earlier filing loaded for comparison.
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Flat$78
Flat from 2023
Expenses
Flat$1,497
Flat from 2023
Net Income
Flat-$1,419
Flat from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Sep 12, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $78
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.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| INITIATED IN 2015: NEUROGROOVE IS DEVELOPING A HEAD MOUNTED SENSOR DRIVEN SYSTEM TO ALLOW QUADRAPLEGICS TO EVENTUALLY DRIVE AN AUTOMOBILE. THE FIRST DEVELOPMENTS ALLOW DRIVING A WHEEL CHAIR. COMPLETED IN 2019.INITIATED IN 2019: WEARABLE COOLING SYSTEM FOR QUADRIPLEGICS WITH BIOMETRIC CONTROLS. COMPLETED IN 2020.INITIATED IN 2020 AND CONTINUING THROUGH 2025: GAZE TRACKING SYSTEM FOR SEVERE QUADRIPLEGICS WITH NO NECK CONTROL TO USE EYE GAZE ONLY TO MANEUVER THEIR WHEELCHAIR. | - | $1,497 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DUNCAN STEWART | Pres & Chairman | - | $0 | - | - |
| DAVID GUSTAVSSON | Director | - | $0 | - | - |
| SCOTT REA | Sec / Treasurer | - | $0 | - | - |
| DON HOLMES | Director | - | $0 | - | - |
| DEL CHRISTMAN | Director | - | $0 | - | - |
| MARK VALENTINE | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Falconworks
- EIN
- 20-1351869
- Phone
- 7196504103
- Address
- 1227 LAKE PLAZA DRIVE B, COLORADO SPRINGS, CO 80906
Signing Officer
- Name
- Duncan Stewart
- Title
- Treasurer
- Signed
- 2024-09-12
- Discuss with paid preparer
- Yes
Preparer
- Firm
- M3 and Associates LLP
- Address
- 1227 Lake Plaza Dr Ste B, Colorado Springs, CO 80906
- Preparer
- Melody Antles
- Phone
- 7196857910
Supplemental Narrative
Additional Explanations
Other Expenses.1
“WEB HOSTING $384”
Other Expenses.2
“BANK CHARGES $43”
Other Assets.1
“PATENT Costs - Beginning $1990 PATENT Costs - Ending $1990”
Raw XML Appendix170 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Duncan Stewart |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7196504103 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1227 LAKE PLAZA DRIVE STE B |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | COLORADO SPRINGS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CO |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 80906 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 29265 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 27846 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 65 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -1419 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1070 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 31255 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 29836 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 78 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 13 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 31255 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 29836 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 31255 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 29836 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DUNCAN STEWART |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DAVID GUSTAVSSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SCOTT REA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DON HOLMES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | DEL CHRISTMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | MARK VALENTINE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Pres & Chairman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SEC / TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 1990 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 1990 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 427 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | INITIATED IN 2015: NEUROGROOVE IS DEVELOPING A HEAD MOUNTED SENSOR DRIVEN SYSTEM TO ALLOW QUADRAPLEGICS TO EVENTUALLY DRIVE AN AUTOMOBILE. THE FIRST DEVELOPMENTS ALLOW DRIVING A WHEEL CHAIR. COMPLETED IN 2019.INITIATED IN 2019: WEARABLE COOLING SYSTEM FOR QUADRIPLEGICS WITH BIOMETRIC CONTROLS. COMPLETED IN 2020.INITIATED IN 2020 AND CONTINUING THROUGH 2025: GAZE TRACKING SYSTEM FOR SEVERE QUADRIPLEGICS WITH NO NECK CONTROL TO USE EYE GAZE ONLY TO MANEUVER THEIR WHEELCHAIR. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 1497 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 1497 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 1497 |
| IRS990EZ/TotalRevenueAmt | 0 | 78 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.FALCONWORKS.ORG |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 65 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 116 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1068 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1982 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 171 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 3402 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 13 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 14 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 12 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 20 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 16 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 75 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 13 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 14 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 12 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 20 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 16 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 75 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.02160 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00150 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Post1975UBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.97840 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.99850 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 3402 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 65 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 116 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1068 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1982 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 171 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 3402 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 78 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 130 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 1080 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 2002 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 187 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 3477 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | WEB HOSTING $384 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BANK CHARGES $43 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PATENT Costs - Beginning $1990 PATENT Costs - Ending $1990 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Assets.1 |
| ReturnHeader/BuildTS | 0 | 2024-08-08 14:25:15Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DUNCAN STEWART |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-09-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FALCONWORKS |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FALC |
| ReturnHeader/Filer/EIN | 0 | 201351869 |
| ReturnHeader/Filer/PhoneNum | 0 | 7196504103 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1227 LAKE PLAZA DRIVE B |
| ReturnHeader/Filer/USAddress/CityNm | 0 | COLORADO SPRINGS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CO |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 80906 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 273819869 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | M3 and Associates LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1227 Lake Plaza Dr Ste B |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Colorado Springs |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 80906 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7196857910 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Melody Antles |
| ReturnHeader/ReturnTs | 0 | 2024-09-12T12:15:09-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $29,836
- Liabilities
- -
- Net assets
- $29,836
- Revenue
- $78
- Expenses
- $1,497
- Net income
- -$1,419