The Flax Trust
- Assets
- $213.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1985
- Data as of
- 12/2022
- EIN
- 25-1482764
Organization Overview
The Flax Trust is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flax Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Flax Trust generated $142.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $147.8k during the year ending 12/2022. While expenses have increased by 14.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ASSIST IN THE ECONOMIC DEVELOPMENT OF NORTHERN IRELAND AND OTHER RELIEF OF POVERTY, UNEMPLOYMENT AND ECONOMIC DEPRESSION IN NORTHERN IRELAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Boland Chairman | 0 | $0 | |
Mary J Grace Vice-Chair | 0 | $0 | |
Mary Hart Treasurer | 0 | $0 | |
Sr Mary Turley Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,240 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$11,106 |
| Other Revenue | $0 |
| Total Revenue | $142,134 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,947 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,806 |
| Total expenses | $147,753 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $213,391 |
| Other assets | $0 |
| Total assets | $213,391 |
| Total liabilities | $0 |
| Net assets or fund balances | $213,391 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Flax Trust has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Grace Institute New York, NY PURPOSE: Operational Support | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C I S Development Foundation Inc East Brunswick, NJ | $9,322,702 | $62,866,043 |
Polish-American Freedom Foundation New York, NY | $332,912,578 | $20,651,430 |
Omidyar-Tufts Microfinance Fund Somerville, MA | $114,828,830 | -$1,213,909 |
Dress For Success Worldwide New York, NY | $9,765,263 | $14,118,582 |
Endeavor Global Inc New York, NY | $17,758,887 | $22,239,624 |
Mennonite Economic Development Associates Lancaster, PA | $26,265,593 | $14,802,817 |
Financial Services Volunteer Corps Inc New York, NY | $4,338,276 | $8,058,219 |
Romanian American Foundation New York, NY | $151,764,693 | $36,392,050 |
Nest Inc New York, NY | $5,296,909 | $4,810,117 |
Cerge-Ei Foundation New York, NY | $13,211,124 | $3,287,220 |
Junior Achievement Of New York New York, NY | $4,177,610 | $3,603,746 |
Junior Achievement Usa Bridgeville, PA | $5,474,447 | $2,637,956 |