Small Public Charity

FALCONWORKS

FALCONWORKS, of COLORADO SPRINGS, CO, is a Small Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $13 in revenue, $378 in expenses, $29K in total assets.

EIN: 201351869 COLORADO SPRINGS, CO Latest filing: 2024
Total Revenue$13
Total Expenses$378
Total Assets$29K
Grant Records0
Filing Years2019–2024

Mission

FALCONWORKS ACTS AS AN "INNOVATION HUB" BY BRINGING TOGETHER COMMUNITY NEEDS, DESIGN AND DEVELOPMENT CAPABILITIES AT THE U.S. AIR FORCE ACADEMY, AND FINANCING FROM THE PUBLIC AND CORPORATE SPONSORS. FALCONWORKS ACTIVELY SOLICITS PROJECTS IN THE COLORADO SPRINGS AREA THAT REQUIRE SCIENTIFIC OR ENGINEERING DESIGN WORK. FALCONWORKS SOLICITS GENERAL FUNDS FROM THE PUBLIC AND SPECIFIC PROJECT FINANCING FROM CORPORATE SPONSORS IN AN EFFORT TO MAKE PROTOTYPES AVAILABLE TO END USERS. FALCONWORKS THEN ARRANGES STUDENT-LED TEAMS (WITH FACULTY OVERSIGHT) AT THE U.S AIR FORCE ACADEMY TO DESIGN AND DEVELOP THE PRODUCTS. ANY REQUIRED MATERIALS ARE PAID FOR WITH FUNDS RAISED BY FALCONWORKS. IN EXCHANGE FOR PROVIDING THE DESIGN AND DEVELOPMENT LABOR, STUDENTS AT THE U.S. AIR FORCE ACADEMY GET TO PARTICIPATE IN REAL LIFE PROJECTS THAT BENEFIT THE COMMUNITY.

Officers & Directors

Director David Gustavsson
Director Del Christman
Director Don Holmes
Pres & Chairman Duncan Stewart
Director Mark Valentine
SEC / TREASURER Scott Rea

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $13 $378 $29K
2023 $78 $1K $30K
2022 $130 $2K $31K
2020 $2K $4K $41K
2019 $187 $4K $43K

Between 2019 and 2024, reported annual revenue declined from $187 to $13 (-93%), with total assets most recently reported at $29K.

Interactive year-over-year charts and full filing details available with membership.

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