Falconworks
- Assets
- $29.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 08/2005
- Data as of
- 12/2023
- EIN
- 20-1351869
Organization Overview
Falconworks is located in Colorado Springs, CO. The organization was established in 2005. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falconworks is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Falconworks generated $78.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.1%) each year. All expenses for the organization totaled $1.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duncan Stewart Pres & Chairman | 2 | $0 | |
David Gustavsson Director | 0.25 | $0 | |
Scott Rea Sec / Treasurer | 1 | $0 | |
Don Holmes Director | 0.25 | $0 | |
Del Christman Director | 0.25 | $0 | |
Mark Valentine Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,070 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $427 |
| Total expenses | $1,497 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,846 |
| Other assets | $0 |
| Total assets | $29,836 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,836 |