Totals
- Total revenue
- $964,696
- Total expenses
- $35,667
- Contributions and grants received
- $958,990
- Grants paid
- $2,500
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $5,706
- Total assets, end of year
- $970,323
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $970,323
- Program services expenses (Part IX)
- $2,500
- Management and general expenses
- $33,167
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,500
Program services were 7.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$958,990
-
10a · Gross sales of inventory
$13,415
-
10b · Cost of goods sold
$7,709
-
10c · Net income from sales of inventory
total $5,706
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,500 · program services $2,500
-
5 · Compensation of officers, directors and key employees
total $20,000 · management and general $20,000
-
11b · Fees: legal
total $2,920 · management and general $2,920
-
12 · Advertising and promotion
total $6,250 · management and general $6,250
-
14 · Information technology
total $2,265 · management and general $2,265
-
17 · Travel
total $1,732 · management and general $1,732
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $41,294 · end of year $924,132
-
8 · Inventories for sale or use
end of year $46,191
-
31 · Retained earnings, endowment or other funds
beginning of year $41,294 · end of year $970,323
Mission and programs · 2024
Mission
The Terry Fator Foundation raises and administers funds for charitable purposes focusing on supporting children, military service members, veterans, first responders, and their families.
Activities or mission (Part I)
The Terry Fator Foundation raises and administers funds for charitable purposes focusing on supporting children, military service members, veterans, first responders and their families.
-
Ina McAdory, an ROTC student in Dallas, TX was picked by a 5 person panel for an essay written about patriotism and was selected to receive the $2,500 Terry Fator scholarship.
Expenses $2,500 · Grants $2,500
As filed on the 2024 return.
Listed in Part VII
-
Angela M Fiore-Fator
President
- Total calculated
- $0
- Hours/week
- 10
-
Clifford Davis
Director
- Total calculated
- $20,000
- From this org
- $20,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Terry W Fator
Treasurer
- Total calculated
- $0
- Hours/week
- 10
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 December 2025
- IRS schema version
- 2024v5.0
- Source object
- 202610139349301486
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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