Foundation 1023 is a 501(c)(3) organization based in Fairfield, Texas, registered in 2016, with $77,510 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$78K
▼ 16.7% vs prior year
Human Services median: $293K
Expenses (FY2024)
$58K
Net assets
$19K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Foundation 1023— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Foundation 1023: 4 mo reserves · +25% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Foundation 1023— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Foundation 1023: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $246K (FY2021) to $78K (FY2024) across 4 reported years.
Financial snapshot
Operating margin
24.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$20K
Total liabilities
$340
Net assets
$19K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $77,510▼16.7% | $58,181▼52.6% | $19,329▼31.3% | $19,669▼30.1% | 990EZ |
| 2023 | $93,094▼82.7% | $122,688▼78.2% | $28,119▼51.3% | $28,119▼51.3% | 990EZ |
| 2022 | $537,650▲118% | $562,176▲209% | $57,713▼29.8% | $57,713▼29.8% | 990 |
| 2021 | $246,380 | $181,969 | $82,239 | $82,239 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
18 grants to Foundation 1023 totaling $222K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Colorado Gives Foundation | General purpose, general operating support | 2024 | $10,141 |
| National Christian Charitable Foundation | Mental health | 2024 | $10,000 |
| National Christian Charitable Foundation | Growth | 2023 | $10,000 |
| National Christian Charitable Foundation | Growth | 2022 | $15,000 |
| National Christian Charitable Foundation | Growth | 2022 | $15,000 |
| Colorado Gives Foundation | General purpose | 2021 | $14,951 |
| Community Foundation of Greater Memphis Inc | General operational support | 2021 | $8,000 |
| American Online Giving Foundation Inc | General support | 2021 | $6,307 |
| Colorado Gives Foundation | General purpose | 2020 | $48,903 |
| Community Foundation of Greater Memphis Inc | General operational support | 2020 | $7,000 |
| Community Foundation of Greater Memphis Inc | General operational support | 2020 | $7,000 |
| Network For Good Inc | Unrestricted | 2020 | $6,019 |
| Mile High United Way Inc | Covid | 2019 | $24,000 |
| Denver Foundation | For general operating support | 2019 | $10,000 |
| Catholic Health Initiatives Colorado | General operating support | 2019 | $10,000 |
Explore more
Data for Foundation 1023 (EIN 81-1339123) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.