F L A G INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: F L A G INC (EIN 38-2896940)
Tax period: 2010-10-01 to 2011-09-30
Filed: 2012-03-22
IRS object ID: 201230829349300723
Schema version: 2010v3.7
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
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-03-22T12:00:32-05:00	Timestamp
Tax Period End Date	2011-09-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DOWD & CO PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	6361 MORGAN RD E	AddressLine1
City	BATTLE CREEK	City
State	MI	State
ZIP Code	490173117	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-10-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	382896940	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	FLAG INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	FLAG	NameControl
Phone	2696290532	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	8760 GULL RD	AddressLine1
City	RICHLAND	City
State	MI	State
ZIP Code	49083	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MARC MORALEZ	Name
Title	CO-DIRECTOR	Title
Phone	2696290532	Phone
Date Signed	2012-03-15	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	MARIE E DOWD	Name
Phone	2699683451	Phone
Date Prepared	2012-03-20	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	WILMAR R CUNHA-FILO	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	8760 GULL RD	AddressLine1
City	RICHLAND	City
State	MI	State
ZIP Code	49083	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	2023781	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1989	YearFormation
State Legal Domicile	MI	StateLegalDomicile
Activity Or Mission Description	PLACING FOREIGN STUDENTS IN AMERICAN HIGH SCHOOLS FOR CULTURAL AND EDUCATIONAL EXCHANGE BY LOCATING SPONSOR FAMILIES FOR THE STUDENTS TO LIVE WITH AND MAINTAINING THOSE STUDENTS WHILE IN THE UNITED STATES OF AMERICA.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	4	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	4	NbrIndependentVotingMembers
Total Nbr Employees	8	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1415542	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1967315	ProgramServiceRevenueCY
Investment Income Prior Year	112	InvestmentIncomePriorYear
Investment Income Current Year	51	InvestmentIncomeCurrentYear
Other Revenue Prior Year	60246	OtherRevenuePriorYear
Other Revenue Current Year	56415	OtherRevenueCurrentYear
Total Revenue Prior Year	1475900	TotalRevenuePriorYear
Total Revenue Current Year	2023781	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	427861	SalariesEtcPriorYear
Salaries Etc Current Year	582025	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	946378	OtherExpensePriorYear
Other Expenses Current Year	1371854	OtherExpensesCurrentYear
Total Expenses Prior Year	1374239	TotalExpensesPriorYear
Total Expenses Current Year	1953879	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	101661	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	69902	RevenuesLessExpensesCY
Total Assets BOY	220027	TotalAssetsBOY
Total Assets EOY	284299	TotalAssetsEOY
Total Liabilities BOY	29434	TotalLiabilitiesBOY
Total Liabilities EOY	21468	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	190593	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	262831	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	PLACING FOREIGN STUDENTS IN AMERICAN HIGH SCHOOLS FOR CULTURAL AND EDUCATIONAL EXCHANGE BY LOCATING SPONSOR FAMILIES FOR THE STUDENTS TO LIVE WITH AND MAINTAINING THOSE STUDENTS WHILE IN THE UNITED STATES OF AMERICA.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	1322277	Expense
Description	PLACING FOREIGN STUDENTS IN AMERICAN HIGH SCHOOLS FOR CULTURAL AND EDUCATIONAL EXCHANGE BY LOCATING SPONSOR FAMILIES FOR THE STUDENTS TO LIVE WITH AND MAINTAINING THOSE STUDENTS WHILE IN THE UNITED STATES OF AMERICA.	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Expense	465587	Expense
Description	PLACING FOREIGN STUDENTS IN AMERICAN HIGH SCHOOLS FOR CULTURAL AND EDUCATIONAL EXCHANGE BY LOCATING SPONSOR FAMILIES FOR THE STUDENTS TO LIVE WITH AND MAINTAINING THOSE STUDENTS WHILE IN THE UNITED STATES OF AMERICA.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	465587	TotalOfOtherProgramServiceExp
Total Program Service Expense	1787864	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	53	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	8	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	4	NbrVotingGoverningBodyMembers
Number Independent Voting Members	4	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	MI	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	FLAG INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	2696290532	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	8760 GULL RD	AddressLine1
City	RICHLAND	City
State	MI	State
ZIP Code	49083	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (4 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
WILMAR R CUNHA-FILO
CO-DIRECTOR	40.00	X	117675	0	0
MARC MORALEZ
CO-DIRECTOR	40.00	X	102218	0	0
BRIAN VARNEY
VP		X	0	0	0
ERFAN PRIBHAI
VP		X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	219893	TotalReportableCompFromOrg
Number Individuals GT100 K	2	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
SATISFACTION OF PROGRAM REST	1971785	1971785
PROGRAM SERVICES	1967315	1967315
SATISFACTION OF PROGRAM REST	-1971785	-1971785

Field	Value	IRS element (for citing)
Total Program Service Revenue	1967315	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	51	TotalRevenueColumn
Related Or Exempt Function Income	51	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TRIPS	54945	54945
REFUNDS	1470	1470

Field	Value	IRS element (for citing)
Total Other Revenue	56415	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	2023781	TotalRevenueColumn
Related Or Exempt Function Income	2023781	RelatedOrExemptFunctionIncome

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	520558	Total
Program Services	442474	ProgramServices
Management And General	78084	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	20447	Total
Management And General	20447	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	41020	Total
Program Services	34867	ProgramServices
Management And General	6153	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	12273	Total
Management And General	12273	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	8955	Total
Program Services	8955	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	23340	Total
Program Services	20029	ProgramServices
Management And General	3311	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	33270	Total
Program Services	3270	ProgramServices
Management And General	30000	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	136954	Total
Program Services	136954	ProgramServices

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	503174	Total
Program Services	503174	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	14616	Total
Management And General	14616	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	90592	Total
Program Services	90592	ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
COMMISSIONS	322198	322198
YES EXPENSES	72895	72895
FLEX EXPENSES	49348	49348
SMOOTH LANDING EXP	27889	27889
TELEPHONE	19670	19670

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	56680	Total
Program Services	55549	ProgramServices
Management And General	1131	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1953879	Total
Program Services	1787864	ProgramServices
Management And General	166015	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	142650	BOY
EOY	188222	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	16945	BOY
EOY	43629	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	3040	BOY
EOY	7870	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	28917	BOY
EOY	19017	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	89168	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	63607	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	28475	BOY
EOY	25561	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	220027	BOY
EOY	284299	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	29434	BOY
EOY	21468	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	29434	BOY
EOY	21468	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	172063	BOY
EOY	247301	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	18530	BOY
EOY	15530	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	190593	BOY
EOY	262831	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	220027	BOY
EOY	284299	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	69902	ReconcilationRevenueExpenses
Reconcilation Other Changes	2336	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	true	AccountantCompileOrReview
FS Audited	false	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	698159	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	858071	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1093663	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1475900	CurrentTaxYearMinus1Year
Current Tax Year	2023781	CurrentTaxYear
Total	6149574	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	698159	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	858071	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1093663	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1475900	CurrentTaxYearMinus1Year
Current Tax Year	2023781	CurrentTaxYear
Total	6149574	Total

Field	Value	IRS element (for citing)
Public Support Total509	6149574	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1780	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	567	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	87	CurrentTaxYearMinus2Years
Total	2434	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1780	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	567	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	87	CurrentTaxYearMinus2Years
Total	2434	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	699939	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	858638	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1093750	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1475900	CurrentTaxYearMinus1Year
Current Tax Year	2023781	CurrentTaxYear
Total	6152008	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.99960	PublicSupportPercentage509
Prior Year Support Percentage	0.99910	PriorYearSupportPercentage
Investment Income Percentage	0.00000	InvestmentIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	PLACING FOREIGN STUDENTS IN AMERICAN HIGH SCHOOLS FOR CULTURAL AND EDUCATIONAL EXCHANGE BY LOCATING SPONSOR FAMILIES FOR THE STUDENTS TO LIVE WITH AND MAINTAINING THOSE STUDENTS WHILE IN THE UNITED STATES OF AMERICA.
ALL OTHER ACHIEVEMENTS DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4D	PLACING FOREIGN STUDENTS IN AMERICAN HIGH SCHOOLS FOR CULTURAL AND EDUCATIONAL EXCHANGE BY LOCATING SPONSOR FAMILIES FOR THE STUDENTS TO LIVE WITH AND MAINTAINING THOSE STUDENTS WHILE IN THE UNITED STATES OF AMERICA.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 5	2 OF ROUNDING THE 2,334 DIFFERENCE IS DUE TO A PRIOR PERIOD ADJUSTMENT TO PENSION EXPENSE AND PENSION PAYABLE. NET ASSETS WERE CORRECT, HOWEVER NET LIABILITIES AND FUND BALANCE WERE OFF BY THIS AMOUNT, BUT IN TOTOAL THEY WERE CORRECT. THIS ADJUSTMENT IS ONLY TO CORRECT THE AMOUNT IN FUND BALANCE. IT WAS A CLERICAL ERROR THAT IS BEING ADDRESSED HERE. NET INCOME WAS LOWER BY THE 2,334 ON LAST YEARS RETURN AND SHOULD HAVE BEEN 103,998.

F L A G INC: Form 990, tax year 2010

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

Activity Other ActivityOther

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (4 entries)

Program Service Revenue ProgramServiceRevenue (3 entries)

Investment Income InvestmentIncome

Other Revenue Misc OtherRevenueMisc (2 entries)

Total Revenue TotalRevenue

Other Salaries And Wages OtherSalariesAndWages

Other Employee Benefits OtherEmployeeBenefits

Payroll Taxes PayrollTaxes

Fees For Services Accounting FeesForServicesAccounting

Advertising Advertising

Office Expenses OfficeExpenses

Occupancy Occupancy

Travel Travel

Conferences Meetings ConferencesMeetings

Depreciation Depletion DepreciationDepletion

Insurance Insurance

Other Expenses OtherExpenses (5 entries)

All Other Expenses AllOtherExpenses

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Accounts Receivable AccountsReceivable

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule A IRS990ScheduleA

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Total509 Total509

Gross Investment Income509 GrossInvestmentIncome509

Investment Income And UBTI InvestmentIncomeAndUBTI

Total Support Total TotalSupportTotal

Schedule D IRS990ScheduleD

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

Comments