THE FLY INITIATIVE: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
THE FLY INITIATIVE (EIN 46-4897451)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202433209349317898
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-15T15:37:13-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN050442539PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RONALD J AMIRAULT CPA LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13239 POST RDAddressLine1Txt
CityWARWICKCityNm
State AbbreviationRIStateAbbreviationCd
ZIP028867145ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464897451EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FLY INITIATIVEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFLYIBusinessNameControlTxt
Phone4016991427PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1240 SUMMER STREETAddressLine1Txt
CityCRANSTONCityNm
State AbbreviationRIStateAbbreviationCd
ZIP02910ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARCY REYESPersonNm
Person TitleCEOPersonTitleTxt
Phone4015264735PhoneNum
Signature2024-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLORENA A DODGE CPAPreparerPersonNm
PTINP00114449PTIN
Phone4017391200PhoneNum
Preparation2024-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARCY REYESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1240 SUMMER STREETAddressLine1Txt
CityCRANSTONCityNm
State AbbreviationRIStateAbbreviationCd
ZIP02910ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$717,571GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FLYINITIATIVE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateRILegalDomicileStateCd
Activity Or MissionPROVIDE EDUCATIONAL SERVICES AND PROGRAMS TO TEACH FINANCIAL LITERACY TO YOUTH AND OTHER STAKEHOLDERS.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee15TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$31,363PYContributionsGrantsAmt
CY Contributions Grants$650,721CYContributionsGrantsAmt
PY Program Service Revenue$11,350PYProgramServiceRevenueAmt
CY Program Service Revenue$66,850CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$42,713PYTotalRevenueAmt
CY Total Revenue$717,571CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$299,797PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$430,449CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,002CYTotalFundraisingExpenseAmt
PY Other Expenses$135,680PYOtherExpensesAmt
CY Other Expenses$201,481CYOtherExpensesAmt
PY Total Expenses$435,477PYTotalExpensesAmt
CY Total Expenses$631,930CYTotalExpensesAmt
PY Revenues Less Expenses-$392,764PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$85,641CYRevenuesLessExpensesAmt
Total Assets BOY$61,391TotalAssetsBOYAmt
Total Assets EOY$179,132TotalAssetsEOYAmt
Total Liabilities BOY$27,960TotalLiabilitiesBOYAmt
Total Liabilities EOY$60,060TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$33,431NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$119,072NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE EDUCATIONAL SERVICES AND PROGRAMS TO TEACH FINANCIAL LITERACY TO YOUTH AND OTHER STAKEHOLDERS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$394,389ExpenseAmt
DescEDUCATION OF FINANCIAL LITERACY FOR ALL AGES USING PROGRAM MATERIALS AND CURRICULUMDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$61,086ExpenseAmt
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$61,086TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$455,475TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee15EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMARCY REYESPersonNm
Phone4016991427PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1240 SUMMER STREETAddressLine1Txt
CityCRANSTONCityNm
State AbbreviationRIStateAbbreviationCd
ZIP02910ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
MARCY REYES
CEO40.00Yes (X)$93,701$0$0
LILIA KIRTLEY HOLT
PRESIDENTYes (X)$0$0$0Yes (X)
JOHN KASHMANIAN
TREASURERYes (X)$0$0$0Yes (X)
ADRIAN MEDINA
DIRECTOR$0$0$0Yes (X)
JOSHUA MYERS
DIRECTOR$0$0$0Yes (X)
LAMMIS VARGAS
DIRECTOR$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$93,701TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$650,721AllOtherContributionsAmt
Total Contributions$650,721TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSERVICE INCOMEDesc
Total Revenue Column$66,850TotalRevenueColumnAmt
Related Or Exempt Func Income$66,850RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$66,850TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$717,571TotalRevenueColumnAmt
Related Or Exempt Func Income$66,850RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$93,701TotalAmt
Program Services$93,701ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$294,736TotalAmt
Program Services$239,276ProgramServicesAmt
Management And General$55,460ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$12,428TotalAmt
Program Services$9,942ProgramServicesAmt
Management And General$2,486ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$29,584TotalAmt
Program Services$20,709ProgramServicesAmt
Management And General$8,875ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$14,350TotalAmt
Program Services$3,587ProgramServicesAmt
Management And General$10,763ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$7,817TotalAmt
Program Services$6,727ProgramServicesAmt
Management And General$1,090ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,083TotalAmt
Fundraising$4,083FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$22,865TotalAmt
Program Services$2,111ProgramServicesAmt
Management And General$20,754ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,161TotalAmt
Management And General$3,161ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$62,854TotalAmt
Management And General$62,854ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$15,335TotalAmt
Program Services$15,335ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$5,971TotalAmt
Program Services$422ProgramServicesAmt
Management And General$3,630ManagementAndGeneralAmt
Fundraising$1,919FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,808TotalAmt
Program Services$2,808ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,380TotalAmt
Management And General$1,380ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescCOGSDesc
Total$60,857TotalAmt
Program Services$60,857ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$631,930TotalAmt
Program Services$455,475ProgramServicesAmt
Management And General$170,453ManagementAndGeneralAmt
Fundraising$6,002FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$54,947BOYAmt
EOY$174,353EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$11,043LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$6,264LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$6,444BOYAmt
EOY$4,779EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$61,391BOYAmt
EOY$179,132EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$27,960BOYAmt
EOY$60,060EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$27,960BOYAmt
EOY$60,060EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$33,431BOYAmt
EOY$119,072EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$33,431BOYAmt
EOY$119,072EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$61,391BOYAmt
EOY$179,132EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$85,641ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$32,251CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$465,650CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$31,363CurrentTaxYearMinus1YearAmt
Current Tax Year$650,721CurrentTaxYearAmt
Total$1,179,985TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$32,251CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$465,650CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$31,363CurrentTaxYearMinus1YearAmt
Current Tax Year$650,721CurrentTaxYearAmt
Total$1,179,985TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$1,179,985PublicSupportTotal170Amt
Total Support$1,179,985TotalSupportAmt
Gross Receipts Rltd Activities$78,200GrossReceiptsRltdActivitiesAmt
Public Support CY1701.00000PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$11,043OtherCostOrOtherBasisAmt
Depreciation$6,264DepreciationAmt
Book Value$4,779BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$4,779TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC

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