Falcon Foundation
- Assets
- $896.7k
- Revenue
- $87.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lebanon, PA
- Founding
- 07/2000
- Data as of
- 06/2023
- EIN
- 25-1860160
Organization Overview
Falcon Foundation is located in Lebanon, PA. The organization was established in 2000. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falcon Foundation 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 06/2023, Falcon Foundation generated $87.7k 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 (8.4%) each year. All expenses for the organization totaled $62.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FALCON FOUNDATION SUPPORTS AND ENHANCES THE EDUCATIONAL AND ENRICHMENT OPPORTUNITIES(SOCIAL, CULTURAL, AND ATHLETIC) FOR THE STUDENTS, FACULTY, STAFF AND ALUMNI OF THE CORNWALL LEBANON SCHOOL DISTRICT AND ALL PEOPLE IN THE CORNWALL LEBANON COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS TO STUDENTS OF CORNWALL LEBANON SCHOOL DISTRICT FOR INDIVIDUAL EDUCATIONAL ENRICHMENT OPPORTUNITIES (I.E. SUMMER WORKSHOPS, CLASSES, PROGRAMS) AND TO FACULTY/STAFF FOR SPECIAL INDIVIDUAL PROGRAMS. 26 STUDENTS, FACULTY AND STAFF RECEIVED SUPPORT.
SUPPORT FOR CAPITAL PROJECTS TO ENHANCE THE EDUCATIONAL, ENRICHMENT, ATHLETIC AND SOCIAL ACTIVITIES OF THE CORNWALL LEBANON SCHOOL DISTRICT (I.E. COMPUTER AND VIDEO EQUIPMENT). 500+ STUDENTS/PARTICIPANTS.
SUPPORT FOR OTHER/COMMUNITY PROGRAMS (I.E. VETERAN'S DAY RECOGNITION, SENIOR CITIZEN PROGRAM, ALUMNI PROGRAM).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Bensing Trustee | Trustee | 5 | $0 |
Sharon Brumbaugh Trustee | Trustee | 5 | $0 |
Trent Coldren Trustee | Trustee | 5 | $0 |
Jennifer Kuntz President | OfficerTrustee | 5 | $0 |
Nicole Leach Vice Preside | OfficerTrustee | 5 | $0 |
Kayla Lowrie Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,015 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,392 |
| Total Program Service Revenue | $0 |
| Investment income | $33,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,852 |
| Net Income from Fundraising Events | -$229 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,002 |
| Grants and other assistance to domestic individuals. | $17,982 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,759 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $24 |
| Total functional expenses | $62,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $870,020 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $896,704 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $809,178 |
| Net assets with donor restrictions | $87,526 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $896,704 |