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Nonprofit · EIN 84-2934959

FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION

Tax-exempt · NEW YORK, NY 10065

Financials

$550K$690K2023$780K$717K2024
Revenue Expenses · by fiscal year end
Financials of FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$780,000$717,456$62,544$101,448$557$100,891
December 31, 2023990-PF$550,000$690,346-$140,346$43,029$4,682$38,347
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$780,000

Expenses

Grants and similar amounts paid
$410,066
Compensation of officers, directors and key employees
$170,171
Disbursements for charitable purposes
$717,456

Balance sheet and other

Total assets, start of year
$43,029
Total assets, end of year
$101,448
Total liabilities, end of year
$557
Net assets, end of year
$100,891
Fair market value of assets
$101,448
Qualifying distributions
$717,456

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-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
RISA DANIELS
C/O 640 PARK AVENUE 11 FL, NEW YORK, NY 10065
CO-PRESIDENT/CO-EXECUTIVE DIRECTOR20$95,171$0
LAURA TWERSKY
C/O 640 PARK AVENUE 11 FL, NEW YORK, NY 10065
CO-PRESIDENT/CO-EXECUTIVE DIRECTOR20$75,000$37,207
GLENN FUHRMAN
C/O 640 PARK AVENUE 11 FL, NEW YORK, NY 10065
CHAIR/TREASURER1$0$0
AMANDA FUHRMAN
C/O 640 PARK AVENUE 11 FL, NEW YORK, NY 10065
SECRETARY1$0$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationOther / benefits
RISA DANIELS
C/O 640 PARK AVENUE 11 FL, NEW YORK, NY 10065
CO-PRESIDENT/CO-EXECUTIVE DIRECTOR20$98,000$0
LAURA TWERSKY
C/O 640 PARK AVENUE 11 FL, NEW YORK, NY 10065
CO-PRESIDENT/CO-EXECUTIVE DIRECTOR20$75,000$33,436
GLENN FUHRMAN
C/O 640 PARK AVENUE 11 FL, NEW YORK, NY 10065
CHAIR/TREASURER1$0$0
AMANDA FUHRMAN
C/O 640 PARK AVENUE 11 FL, NEW YORK, NY 10065
SECRETARY1$0$0

Address and contacts

Address (IRS master file)
640 PARK AVENUE 11TH FLOOR, NEW YORK, NY 10065-6153
In care of
% RISA DANIELS CO PRESIDENT
Signed the 990-PF
GLENN FUHRMAN, CHAIR/TREASURER
Phone
(212) 518-6675
Return prepared by
RSM US LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
84-2934959
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private operating foundation
Donations deductible (Pub 78)
Private operating foundation, 50% limit
Exempt since
2020
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$101,448
Income (IRS master file)
$780,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$780,000$717,456$101,448IRS
990-PFDecember 2023$550,000$690,346$43,029XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

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 84-2934959).

Questions about FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION

What is the EIN of FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION?
The employer identification number (EIN) of FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION is 84-2934959.
Is FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
Which annual return does FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION file?
Form 990-PF. Private foundations file every year.
When is the next return of FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION?
The 990-PF for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $95,171 (RISA DANIELS, CO-PRESIDENT/CO-EXECUTIVE DIRECTOR).
How much revenue does FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $780,000, expenses of $717,456 and total assets of $101,448 at year end.

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