THE FLY INITIATIVE: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THE FLY INITIATIVE (EIN 46-4897451)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-10-16
IRS object ID
202312899349303681
Schema version
2022v5.0
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)
Return2023-10-16T22:44:31-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-09-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMARCYPersonFirstNm
Person LastREYESPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
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
Preparation2023-09-28PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerMARCY REYESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1240 SUMMER STREETAddressLine1Txt
CityCRANSTONCityNm
State AbbreviationRIStateAbbreviationCd
ZIP02910ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$42,713GrossReceiptsAmt
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 Employee8TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$465,650PYContributionsGrantsAmt
CY Contributions Grants$31,363CYContributionsGrantsAmt
CY Program Service Revenue$11,350CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$465,650PYTotalRevenueAmt
CY Total Revenue$42,713CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$30,348PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$299,797CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,901CYTotalFundraisingExpenseAmt
PY Other Expenses$40,343PYOtherExpensesAmt
CY Other Expenses$135,680CYOtherExpensesAmt
PY Total Expenses$70,691PYTotalExpensesAmt
CY Total Expenses$435,477CYTotalExpensesAmt
PY Revenues Less Expenses$394,959PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$392,764CYRevenuesLessExpensesAmt
Total Assets BOY$424,101TotalAssetsBOYAmt
Total Assets EOY$61,391TotalAssetsEOYAmt
Total Liabilities EOY$27,960TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$424,101NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$33,431NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE EDUCATIONAL SERVICES AND PROGRAMS TO TEACH FINANCIAL LITERACY TO YOUTH AND OTHER STAKEHOLDERS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$244,479ExpenseAmt
DescEDUCATION OF FINANCIAL LITERACY FOR ALL AGES USING PROGRAM MATERIALS AND CURRICULUMDesc
Total Program Service Expenses$244,479TotalProgramServiceExpensesAmt
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
Employee8EmployeeCnt
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 BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
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 WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
MARCY REYES
CEO30.000.00Yes (X)$42,568$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$42,568TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$31,363AllOtherContributionsAmt
Total Contributions$31,363TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,350TotalRevenueColumnAmt
Related Or Exempt Func Income$11,350RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$11,350TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$42,713TotalRevenueColumnAmt
Related Or Exempt Func Income$11,350RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$42,568TotalAmt
Management And General$42,568ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$232,483TotalAmt
Program Services$176,067ProgramServicesAmt
Management And General$56,416ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,113TotalAmt
Management And General$2,113ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$22,633TotalAmt
Program Services$15,650ProgramServicesAmt
Management And General$6,983ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$19,000TotalAmt
Management And General$19,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,320TotalAmt
Management And General$3,320ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$6,901TotalAmt
Fundraising$6,901FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$12,412TotalAmt
Program Services$49ProgramServicesAmt
Management And General$12,363ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,908TotalAmt
Management And General$6,908ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$737TotalAmt
Management And General$737ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$9,741TotalAmt
Program Services$563ProgramServicesAmt
Management And General$9,178ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,226TotalAmt
Program Services$3,226ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,509TotalAmt
Management And General$1,509ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
STUDENT PROGRAMMING$34,651$34,651
CONTRACT FEES$22,920$22,920
SCHOLARSHIPS & AWARDS$7,535$7,535
EVENT EXPENSE$6,738$6,738

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$82TotalAmt
Management And General$82ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$435,477TotalAmt
Program Services$244,479ProgramServicesAmt
Management And General$184,097ManagementAndGeneralAmt
Fundraising$6,901FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$419,734BOYAmt
EOY$54,947EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,900LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,456LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,367BOYAmt
EOY$6,444EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$424,101BOYAmt
EOY$61,391EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
EOY$27,960EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$27,960EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$424,101BOYAmt
EOY$33,431EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$424,101BOYAmt
EOY$33,431EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$424,101BOYAmt
EOY$61,391EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$392,764ReconcilationRevenueExpnssAmt
Prior Period Adjustments$2,094PriorPeriodAdjustmentsAmt
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 Minus2 Years$32,251CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$465,650CurrentTaxYearMinus1YearAmt
Current Tax Year$31,363CurrentTaxYearAmt
Total$529,264TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$32,251CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$465,650CurrentTaxYearMinus1YearAmt
Current Tax Year$31,363CurrentTaxYearAmt
Total$529,264TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$529,264PublicSupportTotal170Amt
Total Support$529,264TotalSupportAmt
Gross Receipts Rltd Activities$11,350GrossReceiptsRltdActivitiesAmt
Public Support CY1701.00000PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,900OtherCostOrOtherBasisAmt
Depreciation$3,456DepreciationAmt
Book Value$6,444BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$6,444TotalBookValueLandBuildingsAmt

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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