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THE FALCON FOUNDATION

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Public IRS 990 nonprofit record

THE FALCON FOUNDATION

EIN 75-6016930 · Scholarships & Student Financial Aid (B82)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $90.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

59.04%of revenue went to mission work90.9% of expenses · Program services
$64.95spent for every $100 of revenueRevenue covered expenses this year.
5.91%of revenue went to management and office costs9.1% of expenses
$36.84in assets for every $1 spent this yearSome assets cannot be spent right away.
27.0%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $127,173 for STEVE LORENZ (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,561,375
Mission workProgram services$921,83459.04% of revenue90.9% of expenses
ManagementOffice and general costs$92,2175.91% of revenue9.1% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$547,32435.05% of revenueShown in gray on the chart
Total expenses$1,014,05164.95% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 90.9% mission · 9.1% management · 0.0% fundraisingTotal expenses: 64.95% of revenue
2023Expense mix: 91.6% mission · 8.4% management · 0.0% fundraisingTotal expenses: 57.10% of revenue
2022Expense mix: 91.7% mission · 8.3% management · 0.0% fundraisingTotal expenses: 71.87% of revenue
2021Expense mix: 92.4% mission · 7.6% management · 0.0% fundraisingTotal expenses: 86.44% of revenue
2020Expense mix: 89.5% mission · 10.5% management · 0.0% fundraisingTotal expenses: 70.55% of revenue
2019Expense mix: 93.9% mission · 6.1% management · 0.0% fundraisingTotal expenses: 97.78% of revenue
2018Expense mix: 93.2% mission · 6.6% management · 0.2% fundraisingTotal expenses: 129.53% of revenue
2017Expense mix: 90.1% mission · 9.1% management · 0.8% fundraisingTotal expenses: 107.63% of revenue

Money in and money out

Revenue$1,561,375
Expenses$1,014,051
Annual surplus $547,324 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$921,834 · 90.9% of expenses
Management and office costs$92,217 · 9.1% of expenses
See all reported dollar amounts
Revenue$1,561,375
Expenses$1,014,051
Assets$37,359,903
Income$12,275,154
Contributions$421,391
Mission work (program services)$921,834
Grants given$5,364,067
Average grant$107,281
Management and general$92,217
Executive compensation (total)$134,378
Stocks and bonds$36,318,395
Accounting fees$13,075
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
STEVE LORENZPRESIDENT & CEO · 20 hrs/week $127,173
SHARON COOPERDIRECTOR OF OP AND COMPTROLLER · 40 hrs/week $124,279Base $110,095 · Other $14,184

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

STEVE LORENZPRESIDENT & CEO

SHARON COOPERDIRECTOR OF OP AND COMPTROLLER

MATTHEW BYRDVICE PRESIDENT

WILLIAM LOONEY TRUSTEETO 102024)CHAIRMAN (FROM 10/2024)

WILLIAM BEGERTCHAIRMAN (TO 10/2024)

SUE ROSS FROM 102024AT LARGE GOVERNING TRUSTEE

ROBIN RANDVICE CHAIRMAN

RITA JORDANSECRETARY

NICHOLAS WILSONAUDIT COMMITTEE CHAIR

MICHAEL MOELLERAT LARGE GOVERNING TRUSTEE

CAROLYN BENYSHEKSCHOLARSHIP COMMITTEE CHAIR

LEON JOHNSONNOMINATING COMMITTEE CHAIR

KATE MACINTOSH TO 052025AT LARGE GOVERNING TRUSTEE

JOHN DALLAGERCOMPENSATION COMMITTEE CHAIR

JASON HERMANFINANCE COMMITTEE CHAIR

JARISSE SANBORNVP AND GENERAL COUNSEL

JANET WOLFENBARGERAT LARGE GOVERNING TRUSTEE

ERIC HOLTINVESTMENT COMMITTEE CHAIR

DALE MEYERROSETREASURER

CARROL CHANDLERGOV & STRAT COMMITTEE CHAIR

About this charity

Recognized since
January 1959
Location
3116 ACADEMY DR, USAF ACADEMY, CO 80840-4499
County
El Paso
In care of
% SHERRY COOPER
Primary officer
Steve Lorenz, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Emailsherry.cooper@falconfoundation.org Phone(719) 472-2056

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
SORREN INC
NTEE classification
Scholarships & Student Financial Aid (B82)
IRS tax category
Scholarships & Student Financial Aid
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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