Nonprofit · EIN 46-4897451
THE FLY INITIATIVE
Tax-exempt · PROVIDENCE, RI 02903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,140,087 | $1,145,919 | -$5,832 | $315,693 | $14,335 | $301,358 |
| December 31, 2024 | 990 | $1,167,509 | $979,391 | $188,118 | $367,328 | $60,138 | $307,190 |
| December 31, 2023 | 990 | $717,571 | $631,930 | $85,641 | $179,132 | $60,060 | $119,072 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $984,953
- Program service revenue
- $155,134
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $112,692
- Other salaries and wages
- $545,724
- Salaries, compensation and benefits (total)
- $739,277
- Professional fundraising fees
- $0
- Legal fees
- $29,985
- Accounting fees
- $4,800
- Occupancy
- $115,112
- Travel
- $12,184
- Depreciation
- $3,755
- Program services (functional)
- $657,812
- Management and general (functional)
- $375,808
- Fundraising (functional)
- $112,299
Balance sheet and other
- Total assets, start of year
- $367,328
- Total assets, end of year
- $315,693
- Total liabilities, end of year
- $14,335
- Net assets, end of year
- $301,358
- Land, buildings and equipment
- $1,323
- Net assets without donor restrictions
- $301,358
- Gross receipts
- $1,140,087
- Employees
- 15
- Year formed
- 2014
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCY REYES | CEO Officer | 40 | $112,692 |
| LILIA KIRTLEY HOLT | PRESIDENT Trustee or director, Officer | – | $0 |
| ADRIAN MEDINA | DIRECTOR Trustee or director | – | $0 |
| JOSHUA MYERS | TREASURER Trustee or director, Officer | – | $0 |
| BREILYN ROSARIO-EDUARDO | SECRETARY Trustee or director, Officer | – | $0 |
| LAMMIS VARGAS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCY REYES | CEO Officer | 40 | $125,293 |
| LILIA KIRTLEY HOLT | PRESIDENT Trustee or director, Officer | – | $0 |
| JOHN KASHMANIAN | TREASURER Trustee or director, Officer | – | $0 |
| ADRIAN MEDINA | DIRECTOR Trustee or director | – | $0 |
| JOSHUA MYERS | DIRECTOR Trustee or director | – | $0 |
| LAMMIS VARGAS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCY REYES | CEO Officer | 40 | $93,701 |
| LILIA KIRTLEY HOLT | PRESIDENT Trustee or director, Officer | – | $0 |
| JOHN KASHMANIAN | TREASURER Trustee or director, Officer | – | $0 |
| ADRIAN MEDINA | DIRECTOR Trustee or director | – | $0 |
| JOSHUA MYERS | DIRECTOR Trustee or director | – | $0 |
| LAMMIS VARGAS | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 225 DYER ST, PROVIDENCE, RI 02903-3927
- In care of
- % MARCY REYES
- Mailing address (990-N for 2020)
- PO Box 100068, Cranston RI 02910
- Principal officer (990 for 2025)
- MARCY REYES, 240 SUMMER STREET, CRANSTON, RI 02910
- Principal officer (990-N for 2020)
- Marcy Reyes, 240 Summer Street, Cranston RI 02910
- Signed the 990
- MARCY REYES, CEO
- Phone
- (401) 699-1427
- Website
- www.flyinitiative.org
- Return prepared by
- RONALD J AMIRAULT CPA LTD
Mission
PROVIDE EDUCATIONAL SERVICES AND PROGRAMS TO TEACH FINANCIAL LITERACY TO YOUTH AND OTHER STAKEHOLDERS.
Program accomplishments
- EDUCATION OF FINANCIAL LITERACY FOR ALL AGES USING PROGRAM MATERIALS AND CURRICULUMExpenses $657,812 · revenue $155,134
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4897451
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $315,693
- Income (IRS master file)
- $1,140,087
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,140,087 | $1,145,919 | $315,693 | XML |
| 990 | December 2024 | $1,167,509 | $979,391 | $367,328 | XML |
| 990 | December 2023 | $717,571 | $631,930 | $179,132 | XML |
| 990 | December 2022 | $42,713 | $435,477 | $61,391 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Marcy Reyes | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Marcy Reyes | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-4897451).
Questions about THE FLY INITIATIVE
- What is the EIN of THE FLY INITIATIVE?
- The employer identification number (EIN) of THE FLY INITIATIVE is 46-4897451.
- Is THE FLY INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to THE FLY INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FLY INITIATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE FLY INITIATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE FLY INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE FLY INITIATIVE?
- The 990 for the year ended December 31, 2025 names MARCY REYES.
- Who are the officers and directors of THE FLY INITIATIVE?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $112,692 (MARCY REYES, CEO).
- How much revenue does THE FLY INITIATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,140,087, expenses of $1,145,919 and total assets of $315,693 at year end.
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