Falic Family Foundation

Falic Family Foundation consistently operates with zero reported officer compensation and modest asset accumulation.

EIN: 202734770 · Hollywood, FL · NTEE: T20 · Updated: 2026-03-28

$1.8MRevenue

$180KAssets

85/100Mission Score (Excellent)

T20

About Falic Family Foundation

Falic Family Foundation (EIN: 202734770) is a nonprofit organization based in Hollywood, FL, classified under NTEE code T20. The organization reported total revenue of $1.8M and total assets of $180K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Falic Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Falic Family Foundation demonstrates consistent financial activity, with revenues and expenses generally tracking closely over the past decade. In the latest period (202312), the organization reported revenues of $2,628,114 against expenses of $2,465,331, indicating a surplus. The foundation's assets have fluctuated, reaching a high of $195,107 in 202312, which is modest given its annual revenue. A notable aspect is the consistent reporting of $0 for officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through other means not reported in this section, which enhances its spending efficiency from an executive compensation perspective.

The foundation's spending efficiency appears strong, particularly given the zero officer compensation. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess efficiency ratios. However, the close alignment of revenues and expenses over many years suggests that funds are being deployed rather than accumulated excessively. The low liabilities ($1 in most periods) also indicates sound financial management and minimal debt burden.

Transparency is generally good through its consistent 990 filings. The absence of officer compensation is a key transparent disclosure. However, without more granular expense data (e.g., program service expenses vs. administrative and fundraising), a complete picture of how funds are allocated to its mission versus overhead is not fully discernible from the provided summary data. The NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity is grantmaking, which typically involves direct program support.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Falic Family Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Falic Family Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid or compensated through an unstated mechanism, which is highly favorable for spending efficiency relative to the organization's size and revenue.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Falic Family Foundation's IRS 990 filings:

Lack of detailed program, administrative, and fundraising expense breakdown in summary data, making precise efficiency calculations difficult.

Strengths

The following positive indicators were identified for Falic Family Foundation:

Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
Very low liabilities ($1 in most periods), demonstrating strong financial health and minimal debt.
Revenues and expenses generally track closely, suggesting active deployment of funds towards its mission.
Consistent filing of IRS Form 990s, indicating good transparency.

Frequently Asked Questions about Falic Family Foundation

Is Falic Family Foundation a good charity?

Based on the available data, the Falic Family Foundation appears to be a well-managed grantmaking organization. Its consistent reporting of zero officer compensation and low liabilities are strong positive indicators of financial prudence and a focus on deploying funds rather than accumulating wealth or incurring high overhead. However, without specific program expense breakdowns, it's difficult to definitively assess the direct impact of its grants.

How does Falic Family Foundation manage its finances?

The foundation manages its finances by generally spending what it receives, as evidenced by revenues and expenses tracking closely over time. For example, in 202312, revenue was $2,628,114 and expenses were $2,465,331. It maintains very low liabilities ($1 in most periods) and has modest assets relative to its annual revenue, suggesting a focus on active grantmaking rather than endowment building.

What is the trend in Falic Family Foundation's revenue and expenses?

The foundation's revenue and expenses have fluctuated significantly over the years, ranging from a low of $632,670 in revenue in 202212 to a high of $4,752,581 in 201512. Despite these fluctuations, expenses generally align closely with revenue in each period, indicating a consistent operational model of spending funds as they are received.

Filing History

IRS 990 filing history for Falic Family Foundation showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2010–2023), Falic Family Foundation's revenue has grown by 178.9%, moving from $942K to $2.6M. Total assets increased by 92.5% over the same period, from $101K to $195K. Total functional expenses rose by 191.6%, from $845K to $2.5M. In its most recent filing year (2023), Falic Family Foundation reported a surplus of $163K, with revenue exceeding expenses. The organization holds $1 in liabilities against $195K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $195K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.6M	$2.5M	$195K	$1	—	—
2022	$633K	$775K	$32K	$1	—	View 990
2021	$906K	$794K	$175K	$1	—	View 990
2020	$980K	$1.1M	$62K	$1	—	View 990
2019	$1.8M	$1.9M	$133K	$0	—	View 990
2015	$4.8M	$4.8M	$9K	$1	—	View 990
2014	$3.0M	$2.9M	$30K	$1	—	View 990
2013	$2.7M	$2.7M	$2K	$1	—	View 990
2012	$2.2M	$2.2M	$152K	$1	—	View 990
2011	$1.7M	$1.6M	$152K	$1	—	View 990
2010	$942K	$845K	$101K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.6M, expenses of $2.5M, and assets of $195K (revenue +315.4% year-over-year).
2022: Revenue of $633K, expenses of $775K, and assets of $32K (revenue -30.2% year-over-year).
2021: Revenue of $906K, expenses of $794K, and assets of $175K (revenue -7.5% year-over-year).
2020: Revenue of $980K, expenses of $1.1M, and assets of $62K (revenue -45.6% year-over-year).
2019: Revenue of $1.8M, expenses of $1.9M, and assets of $133K (revenue -62.1% year-over-year).
2015: Revenue of $4.8M, expenses of $4.8M, and assets of $9K (revenue +60.2% year-over-year).
2014: Revenue of $3.0M, expenses of $2.9M, and assets of $30K (revenue +11.5% year-over-year).
2013: Revenue of $2.7M, expenses of $2.7M, and assets of $2K (revenue +23.4% year-over-year).
2012: Revenue of $2.2M, expenses of $2.2M, and assets of $152K (revenue +26.5% year-over-year).
2011: Revenue of $1.7M, expenses of $1.6M, and assets of $152K (revenue +80.8% year-over-year).
2010: Revenue of $942K, expenses of $845K, and assets of $101K.

Data Sources and Methodology

This transparency report for Falic Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.