Flag Foundation For Excellence In Education
- Assets
- $180.2k
- Revenue
- $600.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 84-2934959
Organization Overview
Flag Foundation For Excellence In Education is located in New York, NY. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flag Foundation For Excellence In Education 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, Flag Foundation For Excellence In Education generated $600.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 56.5% each year . All expenses for the organization totaled $573.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Flag Foundation For Excellence In Education has awarded 185 individual grants totaling $840,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FLAG AWARD FOR TEACHING EXCELLENCE PROGRAM - TO RECOGNIZE AND CELEBRATE EXTRAORDINARY PUBLIC-SCHOOL TEACHERS WHO INSPIRE LEARNING THROUGH CREATIVITY, PASSION, AND COMMITMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Fuhrman Chair/treasurer | 1 | $0 | |
Amanda Fuhrman Secretary | 1 | $0 | |
Laura Twersky Co-President/co-Executive Director | 20 | $95,000 | |
Risa Daniels Co-President/co-Executive Director | 20 | $31,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $600,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $126,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $29,511 |
| Interest | $0 |
| Taxes | $10,449 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,845 |
| Printing and publications | $0 |
| Other expenses | $46,975 |
| Total operating and administrative expenses | $248,041 |
| Contributions, gifts, grants paid | $325,500 |
| Total expenses and disbursements | $573,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,202 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $180,202 |
| Accounts payable and accrued expenses | $392 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,117 |
| Total liabilities | $2,509 |
Grants Awarded
Over the last fiscal year, Flag Foundation For Excellence In Education has awarded $325,500 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
ARIEL SACKS PURPOSE: FLAG AWARD 2022 - FINALIST | $10,000 |
ALYSSA INFRANCO PURPOSE: FLAG AWARD 2022 - SEMIFINALIST | $500 |
BIANCA DUEC PURPOSE: FLAG AWARD 2022 - SEMIFINALIST | $500 |
BRITTANY BECK PURPOSE: FLAG AWARD 2022 - SEMIFINALIST | $500 |
BRONX LETTERS FOUNDATION PURPOSE: FATE 2021 - FINALIST SCHOOL | $2,000 |
ANASTASIA DIFINO PURPOSE: FLAG AWARD 2022 - GRAND PRIZE WINNER | $25,000 |