What is facultyawards.org?
What is the origin of this group


Nobody knows.


  and do their awards carry any merit towards a typical promotion for faculty tenure or promotion?


No.

At least, I certainly hope not.  Nobody in their right mind would trust an award of completely unknown provenance.

I wouldn't be the least bit surprised if everyone who signs up is selected for an award and then immediately offered a high-quality leather-bound archival book listing your achievements and those of other winners, all for the absurdly low price of $500, but only if you reply in the next fifteen seconds with your credit card information.  See also "Who's Who".