Nonprofit · EIN 87-1145016
FLARE EDUCATION
Tax-exempt · BOSTON, MA 02119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $1,028,468 | $969,769 | $58,699 | $1,043,167 | $753,862 | $289,305 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $1,028,468
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $388,777
- Salaries, compensation and benefits (total)
- $388,777
- Professional fundraising fees
- $0
- Occupancy
- $61,038
- Travel
- $13,949
- Depreciation
- $9,851
- Program services (functional)
- $547,930
- Management and general (functional)
- $407,723
- Fundraising (functional)
- $14,116
Balance sheet and other
- Total assets, start of year
- $243,851
- Total assets, end of year
- $1,043,167
- Total liabilities, end of year
- $753,862
- Net assets, end of year
- $289,305
- Land, buildings and equipment
- $58,977
- Net assets without donor restrictions
- $289,305
- Gross receipts
- $1,028,468
- Employees
- 5
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- MA
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AJIT VAKHARIA | PRESIDENT AND CEO Trustee or director, Officer | 80 | $0 |
| BASIL CLEVELAND | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| DAN CHU | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| ED VILANDRIE | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| ERIN SAWYER | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| GAUGARIN OLIVER | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| JAYASHREE MAHAJAN | BOARD VICE-TREASURER Trustee or director, Officer | 2.5 | $0 |
| JILL MONGEAU GAINES | EXECUTIVE DIRECTOR AND CHI Trustee or director, Officer | 40 | $0 |
| KEVIN MCCASKILL | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| LORENNA BUCK | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| MANISH KUMAR | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| MANU DAFTARY | BOARD TREASURER Trustee or director, Officer | 2.5 | $0 |
| MARCO BUCHBINDER | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| NADIA SHELBY | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| RICHARD CHANGE | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAILAH STEWART | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| SINDURA RAVICHANDRAN | BOARD CLERK Trustee or director, Officer | 2.5 | $0 |
| STEFAN BEWLEY | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| TRAVIS KELLER | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| CHRIS GARABEDIAN | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
| PANKAJ SHARMA | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
Address and contacts
- Address (IRS master file)
- 56 WARREN ST 200, BOSTON, MA 02119-3236
- Principal officer (990 for 2023)
- AJIT VAKHARIA, 56 WARREN ST 200, BOSTON, MA 02119
- Signed the 990
- AJIT VAKHARIA, PRESIDENT AND CEO
- Phone
- (352) 246-1677
- Website
- WWW.FLARE-EDUCATION.ORG
- Return prepared by
- MARSHALL JONES
Mission
THE PURPOSE OF THE ORGANIZATION IS TO WORK WITH HIGH SCHOOLS, COMMUNITY ORGANIZATIONS, AND COMPANIES TO BUILD LOCAL PARTNERSHIPS AND PROVIDE UNDER-RESOURCED HIGH SCHOOL STUDENTS WITH PAID, VALUE-FOCUSED SUMMER CAPSTONE PROJECTS. THE ORGANIZATION HELPS STUDENTS DEVELOP FOUNDATIONAL SKILLS, BUILD SOCIAL CAPITAL, AND IMPROVE THEIR FINANCIAL LITERACY SO THAT THE ALUMNI CAN FIND JOBS WITH GROSS ANNUAL INCOME AT OR ABOVE $60,000.
Program accomplishments
- PROVIDE PROFESSIONAL TRAINING SESSIONS FOCUSED ON CAREER EXPOSURE, SKILL-BUILDING, AND SOCIO-EMOTIONAL DEVELOPMENT FOR STUDENTS INVOLVED IN THE PROGRAM.Expenses $328,758
- PROVIDE 1-ON-1 PROFESSIONAL MENTORSHIP FOR STUDENTS INVOLVED IN THE PROGRAM.Expenses $54,793
- HOSTING COMMUNITY EVENTS LIKE FIELD TRIPS, NETWORKING EVENTS, AND MEET-AND-GREETS FOR STUDENTS INVOLVED IN THE PROGRAM.Expenses $164,379
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-1145016
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $1,043,167
- Income (IRS master file)
- $1,028,468
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $1,028,468 | $969,769 | $1,043,167 | XML |
| 990 | December 2022 | $534,260 | $397,790 | $243,851 | IRS |
| 990-EZ | December 2021 | – | – | – | 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 87-1145016).
Questions about FLARE EDUCATION
- What is the EIN of FLARE EDUCATION?
- The employer identification number (EIN) of FLARE EDUCATION is 87-1145016.
- Is FLARE EDUCATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FLARE EDUCATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FLARE EDUCATION 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 FLARE 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 FLARE EDUCATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of FLARE EDUCATION?
- The 990 for the year ended December 31, 2023 names AJIT VAKHARIA.
- Who are the officers and directors of FLARE EDUCATION?
- The 990 for the year ended December 31, 2023 lists 21 people; 0 received compensation from the organization.
- How much revenue does FLARE EDUCATION have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $1,028,468, expenses of $969,769 and total assets of $1,043,167 at year end.
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