Nonprofit · EIN 85-3255197
FLIPP INC
Tax-exempt · DILLWYN, VA 23936
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $768,110 | $691,062 | $77,048 | $79,427 | $6,750 | $72,677 |
| December 31, 2024 | 990 | $478,201 | $497,538 | -$19,337 | $36,399 | $30,116 | $6,283 |
| December 31, 2023 | 990-EZ | $125,212 | $81,469 | $43,743 | $23,159 | $6,282 | $16,877 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $623,322
- Program service revenue
- $144,788
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $106,182
- Other salaries and wages
- $134,404
- Salaries, compensation and benefits (total)
- $251,809
- Professional fundraising fees
- $0
- Legal fees
- $83
- Accounting fees
- $4,915
- Occupancy
- $15,278
- Depreciation
- $422
- Program services (functional)
- $585,636
- Management and general (functional)
- $105,426
Balance sheet and other
- Total assets, start of year
- $36,399
- Total assets, end of year
- $79,427
- Total liabilities, end of year
- $6,750
- Net assets, end of year
- $72,677
- Land, buildings and equipment
- $4,485
- Net assets without donor restrictions
- $72,677
- Gross receipts
- $768,110
- Employees
- 0
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 |
|---|---|---|---|
| Raye Elliott | CEO & Co-Ex Dir Trustee or director | 40 | $106,182 |
| B David Hunter | Chairman & Trea Trustee or director | 0 | $0 |
| Mary Thigpen | Secretary Trustee or director | 0 | $0 |
| AJ McDonald | CFO Co-Ex. Dir Trustee or director | 0 | $0 |
| Tanesha Hudson | Director Trustee or director | 0 | $0 |
| Lorenzo Wood | Director Trustee or director | 0 | $0 |
| Coles Jennings | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Raye Elliott | CEO & Exec Dir. Trustee or director | 40 | $63,846 |
| B David Hunter | Chairman Trustee or director | 0 | $0 |
| Mary Thigpen | Secretary Trustee or director | 0 | $0 |
| AJ McDonald | Treasurer & CFO Trustee or director | 0 | $0 |
| Tanesha Hudson | Director Trustee or director | 0 | $0 |
| Lorenzo Wood | Director Trustee or director | 0 | $0 |
| Elliott Harding | Director Trustee or director | 0 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Raye Elliott | CEO & Exec Dir. | 40 | $10,577 |
| B David Hunter | Chairman | 0 | $0 |
| Mary Thigpen | Secretary | 0 | $0 |
| AJ McDonald | Treasurer & CFO | 0 | $0 |
| Tanesha Hudson | Director | 0 | $0 |
| Lorenzo Wood | Director | 0 | $0 |
| Elliott Harding | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 16890 OAK ST, DILLWYN, VA 23936-3459
- Mailing address (990-N for 2022)
- 16890 Oak St, Dillwyn VA 23936
- Principal officer (990-N for 2022)
- Arthur McDonald II, 16890 Oak St, Dillwyn VA 23936
- Signed the 990
- Raye Elliott, CEO & Exec. Director
- Phone
- (434) 207-8420
- Website
- www.flippinc.org
- Return prepared by
- Hill & Davis CPA PC
Mission
To create an inclusive workforce that reduces employment barriers for formerly incarcerated individuals, transitioning veterans, BIPOC, women, youth and empower low-income communities with renewable energy and entrepreneurship development training.
Program accomplishments
- Provided renewable energy and entrepreneurship training that reduced employment barriers for formerly incarcerated individuals, transitioning veterans, BIPOC, women, youth and emplower low-income communities.Expenses $585,636
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-EZ on file |
IRS record
- EIN
- 85-3255197
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $79,427
- Income (IRS master file)
- $768,110
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $768,110 | $691,062 | $79,427 | IRS |
| 990 | December 2024 | $478,201 | $497,538 | $36,399 | XML |
| 990-EZ | December 2023 | $125,212 | $81,469 | $23,159 | XML |
| 990-N for 2022 Officer: Arthur McDonald II | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Arthur McDonald II | December 31, 2020 | ≤ $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 85-3255197).
Questions about FLIPP INC
- What is the EIN of FLIPP INC?
- The employer identification number (EIN) of FLIPP INC is 85-3255197.
- Is FLIPP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to FLIPP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FLIPP INC 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 FLIPP INC 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 FLIPP INC 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 FLIPP INC?
- The 990-N for 2022 names Arthur McDonald II.
- Who are the officers and directors of FLIPP INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $106,182 (Raye Elliott, CEO & Co-Ex Dir).
- How much revenue does FLIPP INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $768,110, expenses of $691,062 and total assets of $79,427 at year end.
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