The Faulk Foundation

Nonprofit profile at a glance

EIN: 261627245
IRS 990-EZ coverage: 2014–2023
Forms available: Form 990-EZ 2023, Form 990-N 2013
Location: Houston, TX, USA
Phone: 7136454915
Rating: 47
Verdict: MIXED
Rating confidence: Moderate
Sector: Public Foundations

Official website

Reported finances

Revenue: $150,387
Expenses: $99,482
Assets: $121,717
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

11 people listed

People named in this filing

CAROLYN FAULK (FOUNDER)
KATIE CLAPP (BOARD MEMBER)
JIMMY CLAPP (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

What it reported doing in 2023

To provide the most urgent, needed assistance to families and individuals facing challenges in their lives including devastating illnesses, hardships or those who have family members serving overseas. We offer clothing, furniture, bill payments, transportation, toys, household goods, medicine and medical supplies, care packages or perhaps just a listening ear.

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

Financial Efficiency: 0
Transparency & Controls: 100
Sustainability: 76
Growth: 60

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 0%; rating input score 0
Program expense ratio: 0%; rating input score 0

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: 33.8%; rating input score 86; 86th percentile among comparable filings
Total-asset coverage ratio: 1.22; rating input score 66; 66th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

Program expense growth: -17.4% per year; rating input score 0; 11th percentile among comparable filings
Revenue growth: 4% per year; rating input score 100; 44th percentile among comparable filings
Asset growth: 11.1% per year; rating input score 100; 63rd percentile among comparable filings

Details

Where the money goes: 0% of revenue deployed · 0% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment
Leadership: top reported pay $0 · 11 people listed
Consistency: 8 of 8 current checks pass
Schedules: 3 filed schedules
Filing history: 10 filing years from 2014 to 2023
Contacts: How to reach this organization
Money network: Resolved incoming and outgoing counterparties from filed money flows.
Related organizations: Filed and resolved organization relationships.
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Financial Efficiency: Mission deployment rate scored 0/100.
High — Financial Efficiency: Program expense ratio scored 0/100.
High — Growth: Program expense growth scored 0/100.