Civic Intelligence

The Falcon Foundation

990 • Fiscal year 2013 • EIN 75-6016930

Jul 01, 2012 to Jun 30, 2013 • Filed on May 02, 2014

Organization Profilewww.falconfoundation.org
3116 Academy DriveSuite 20080840-4400
Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

72nd percentile

10%

Faster asset growth than 72% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$20,752,822

Up $1,924,092 (+10%) from 2012

Net Assets

Up

$20,749,710

Up $1,932,938 (+10%) from 2012

Liabilities

Down

$3,112

Down $8,846 (-74%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$631,742

Down $27,489 (-4.2%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$40M$30M$20M$10M$0Assets 2011: $19,545,498Liabilities 2011: $10,135Net Assets 2011: $19,535,3632011Assets 2012: $18,828,730Liabilities 2012: $11,958Net Assets 2012: $18,816,7722012Assets 2013: $20,752,822Liabilities 2013: $3,112Net Assets 2013: $20,749,7102013Assets 2014: $23,618,403Liabilities 2014: $10,470Net Assets 2014: $23,607,9332014Assets 2015: $23,261,556Liabilities 2015: $56,250Net Assets 2015: $23,205,3062015Assets 2016: $21,951,278Liabilities 2016: $7,121Net Assets 2016: $21,944,1572016Assets 2017: $23,963,972Liabilities 2017: $6,361Net Assets 2017: $23,957,6112017Assets 2018: $25,193,504Liabilities 2018: $7,544Net Assets 2018: $25,185,9602018Assets 2019: $25,769,450Liabilities 2019: $63,313Net Assets 2019: $25,706,1372019Assets 2020: $25,567,619Liabilities 2020: $25,529Net Assets 2020: $25,542,0902020Assets 2021: $32,351,100Liabilities 2021: $8,711Net Assets 2021: $32,342,3892021Assets 2022: $27,349,107Liabilities 2022: $13,050Net Assets 2022: $27,336,0572022Assets 2023: $30,097,529Liabilities 2023: $17,630Net Assets 2023: $30,079,8992023Assets 2024: $33,635,989Liabilities 2024: $17,479Net Assets 2024: $33,618,5102024Assets 2025: $37,359,903Liabilities 2025: $37,068Net Assets 2025: $37,322,8352025

Highlighted filing

2013

Assets$20,752,822
Liabilities$3,112
Net Assets$20,749,710
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $725,3552011Expenses 2012: $659,2312012Expenses 2013: $631,7422013Revenue 2014: $1,822,514Expenses 2014: $639,420Net Income 2014: $1,183,0942014Revenue 2015: $1,375,465Expenses 2015: $973,966Net Income 2015: $401,4992015Revenue 2016: $1,373,428Expenses 2016: $929,930Net Income 2016: $443,4982016Revenue 2017: $766,884Expenses 2017: $967,533Net Income 2017: -$200,6492017Revenue 2018: $839,276Expenses 2018: $903,306Net Income 2018: -$64,0302018Revenue 2019: $827,933Expenses 2019: $1,072,407Net Income 2019: -$244,4742019Revenue 2020: $942,868Expenses 2020: $921,982Net Income 2020: $20,8862020Revenue 2021: $1,239,304Expenses 2021: $874,342Net Income 2021: $364,9622021Revenue 2022: $1,004,255Expenses 2022: $868,045Net Income 2022: $136,2102022Revenue 2023: $1,362,520Expenses 2023: $979,290Net Income 2023: $383,2302023Revenue 2024: $1,678,308Expenses 2024: $958,343Net Income 2024: $719,9652024Revenue 2025: $1,561,375Expenses 2025: $1,014,051Net Income 2025: $547,3242025

Highlighted filing

2013

Revenue-
Expenses$631,742
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 2, 2014
Return Version
2012v2.3
Gross Receipts
$2,197,681
Mission and Program Overview

Mission

The mission of the falcon foundation is to further the opportunity for highly motivated, exceptional, young men and women to attend the united states air force academy through the award of falcon foundation scholarships at junior college and preparatory schools, enabling them to pursue a career in the united states air force and space force.

Major Activities

Activity 2
Ongoing Academy Programs- The Falcon Foundation provides annual sums to support three programs as per the donors' desires. The fiscal year programs were: Aero Department's Engine propulsion trip, Aero Department's Flight Trip, and the Diversity Visitation Program (DVP). The DVP sponsors the top diversity cadet candidates on a recruiting visit to USAFA. Students are briefed by USAFA senior staff, matched up with cadets and experience a two-day orientation. USAFA's DVP has been highly successful.
Filing and Contact Details

Filer

EIN
75-6016930
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IRS990/Activity2/Description0Ongoing Academy Programs- The Falcon Foundation provides annual sums to support three programs as per the donors' desires. The fiscal year programs were: Aero Department's Engine propulsion trip, Aero Department's Flight Trip, and the Diversity Visitation Program (DVP). The DVP sponsors the top diversity cadet candidates on a recruiting visit to USAFA. Students are briefed by USAFA senior staff, matched up with cadets and experience a two-day orientation. USAFA's DVP has been highly successful.
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IRS990/Description0Scholarship program- The Falcon Foundation provides up to 100 annual scholarships to attend one of eight preparatory schools to allow Falcon scholars to qualify for admission into the USAF Academy the following year. Each scholarship is $5,000 for tuition and fees at the selected prep school. Each scholarship is augmented by a prep school and by personal family funds.
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IRS990/MissionDescription0TO FURTHER THE ABILITY OF EXCEPTIONAL YOUNG MEN AND WOMEN TO ATTEND THE USAF ACADEMY BY AWARDING JR. COLLEGE AND PREP SCHOOL SCHOLARSHIPS. PROVIDING SUPPORT TO ACADEMY PROGRAMS AND MENTORING FALCON SCHOLARS.
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IRS990ScheduleA/GeneralExplanation0Facts and Circumstances Test The organization meets the ten percent-of-support limitation and attraction of public support tests as described in Regulation 1.170A-9(f)(3). Ten Percent Schedule A Part II section C line 14 and 15 display public support percentages above the required 10 percent limitation. Attraction of Public Support: The organization solicits dues, contributions and support from trustees, industry and foundations, since the Board of Trustees is a large diverse group of individuals from all over the United States. Many of the trustees were officers in the Air Force and have been associated with the United States Air Force Academy, which receives support from The Falcon Foundation. The organization's primary exempt purpose is to provide scholarships for higher education, which is open to all United States citizens who meet the established criteria. The Falcon Foundation pays tuition at prep schools around the United States to prepare up to 100 individuals annually for college at the United States Air Force Academy. It also supports educational programs for approximately 300 cadets at the United States Air Force Academy, which is open to public applicants who meet established criteria. Participants in these programs come from all over the United States.
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IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus2Years016814
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus3Years05000
IRS990ScheduleA/OtherIncome170/Total032022
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IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years0177252
IRS990ScheduleA/Total170/Total0750901
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IRS990ScheduleD/CurrentYear/EndOfYearBalance04966265
IRS990ScheduleD/CurrentYear/InvestmentEarningsOrLosses0639547
IRS990ScheduleD/CurrentYearMinus1Year/BeginningOfYearBalance05216803
IRS990ScheduleD/CurrentYearMinus1Year/EndOfYearBalance04892907
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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$20,752,822
Liabilities
$3,112
Net assets
$20,749,710
Revenue
-
Expenses
$631,742
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$37.4$0.04$37.3$1.56$1.01$0.55
2024Detailed filing. Detailed filing data is available for this year.$33.6$0.02$33.6$1.68$0.96$0.72
2023Detailed filing. Detailed filing data is available for this year.$30.1$0.02$30.1$1.36$0.98$0.38
2022Detailed filing. Detailed filing data is available for this year.$27.3$0.01$27.3$1.00$0.87$0.14
2021Detailed filing. Detailed filing data is available for this year.$32.4$0.01$32.3$1.24$0.87$0.36
2020Detailed filing. Detailed filing data is available for this year.$25.6$0.03$25.5$0.94$0.92$0.02
2019Detailed filing. Detailed filing data is available for this year.$25.8$0.06$25.7$0.83$1.07$0.24
2018Detailed filing. Detailed filing data is available for this year.$25.2$0.01$25.2$0.84$0.90$0.06
2017Detailed filing. Detailed filing data is available for this year.$24.0$0.01$24.0$0.77$0.97$0.20
2016Detailed filing. Detailed filing data is available for this year.$22.0$0.01$21.9$1.37$0.93$0.44
2015Detailed filing. Detailed filing data is available for this year.$23.3$0.06$23.2$1.38$0.97$0.40
2014Detailed filing. Detailed filing data is available for this year.$23.6$0.01$23.6$1.82$0.64$1.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$0.00$20.7$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$0.01$18.8$0.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$0.01$19.5$0.73