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FALCON FOUNDATION

EIN 75-6016930 USAF ACADEMY, CO

Browse the largest nonprofits in Colorado

Revenue 2024
$1,561,375
Expenses 2024
$1,014,051

Program services were 90.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B82
Classification
1200
Street
3116 ACADEMY DR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

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.

Activities or mission (Part I)

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

  • Scholarship program- The Falcon Foundation provides up to 100 annual scholarships to attend one of five preparatory schools to allow Falcon scholars to qualify for admission into the USAF Academy the following year. Each Falcon Scholarship is a function of school tuition, room and board (50%), school scholarship (25%), and family cost (25%). Falcon Scholars may choose to attend one of five prep schools offered by the Falcon Foundation. Each school has a different tuition, room and board cost which causes the scholarship amount per Falcon Scholar to vary from school to school.

    Expenses $855,834 · Grants $565,255

  • Academy Programs- The Falcon Foundation, through their Academy Programs, provides annual sums to support programs as per the donors' desires. tHE FISCAL YEAR PROGRAMS WERE: THE AERO DEPARTMENT'S ENGINE PROPULSION TRIP and THE AERO DEPARTMENT'S FLIGHT TRIP.

    Expenses $66,000 · Grants $66,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Steve Lorenz

    President & CEO

    Total calculated
    $127,173
    From this org
    $127,173
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Sharon Cooper

    Director of Op and Comptroller

    Total calculated
    $124,279
    From this org
    $110,095
    From related orgs
    $0
    Other
    $14,184
    Hours/week
    40

  • William Begert

    Chairman (To 10/2024)

    Total calculated
    $0
    Hours/week
    1

  • Robin Rand

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Jason Herman

    Finance Committee Chair

    Total calculated
    $0
    Hours/week
    1

  • Leon Johnson

    Nominating Committee Chair

    Total calculated
    $0
    Hours/week
    1

  • John Dallager

    Compensation Committee Chair

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Benyshek

    Scholarship Committee Chair

    Total calculated
    $0
    Hours/week
    1

  • Kate MacIntosh TO 052025

    At Large Governing Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Wilson

    Audit Committee Chair

    Total calculated
    $0
    Hours/week
    1

  • William Looney TrusteeTo 10

    2024)Chairman (From 10/2024)

    Total calculated
    $0
    Hours/week
    1

  • Carrol Chandler

    Gov & Strat Committee Chair

    Total calculated
    $0
    Hours/week
    1

  • Eric Holt

    Investment Committee Chair

    Total calculated
    $0
    Hours/week
    1

  • Michael Moeller

    At Large Governing Trustee

    Total calculated
    $0
    Hours/week
    1

  • Janet Wolfenbarger

    At Large Governing Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sue Ross From 102024

    At Large Governing Trustee

    Total calculated
    $0
    Hours/week
    1

  • Matthew Byrd

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Dale Meyerrose

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Rita Jordan

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Jarisse Sanborn

    VP and General Counsel

    Total calculated
    $0
    Hours/week
    1

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $1,561,375
    Expenses
    $1,014,051
    Contributions
    $421,391
    Grants paid
    $631,255
  • 2023
    Revenue
    $1,678,308
    Expenses
    $958,343
    Contributions
    $422,856
    Grants paid
    $610,724
  • 2022
    Revenue
    $1,362,520
    Expenses
    $979,290
    Contributions
    $710,547
    Grants paid
    $642,230

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $1,004,255
    Expenses
    $868,045
    Assets (EOY)
    $27,349,107

  • 2020 · 990

    Revenue
    $1,239,304
    Expenses
    $874,342
    Assets (EOY)
    $32,351,100

  • 2019 · 990

    Revenue
    $942,868
    Expenses
    $921,982
    Assets (EOY)
    $25,567,619

  • 2018 · 990

    Revenue
    $827,933
    Expenses
    $1,072,407
    Assets (EOY)
    $25,769,450

  • 2017 · 990

    Revenue
    $839,276
    Expenses
    $903,306
    Assets (EOY)
    $25,193,504

  • 2017 · 990

    Revenue
    $839,276
    Expenses
    $903,306
    Assets (EOY)
    $25,193,504

  • 2016 · 990

    Revenue
    $766,884
    Expenses
    $967,533
    Assets (EOY)
    $23,963,972

  • 2015 · 990

    Revenue
    $1,373,428
    Expenses
    $929,930
    Assets (EOY)
    $21,951,278

  • 2014 · 990

    Revenue
    $1,375,465
    Expenses
    $973,966
    Assets (EOY)
    $23,261,556

  • 2013 · 990

    Revenue
    $1,822,514
    Expenses
    $639,420
    Assets (EOY)
    $23,618,403

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.