Nonprofit · EIN 88-1233886
FLAGSTONE INITIATIVE
Tax-exempt · POUGHKEEPSIE, NY 12603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $590,763 | $312,833 | $277,930 | $839,188 | $364,691 | $474,497 |
| December 31, 2024 | 990 | $360,546 | $285,799 | $74,747 | $356,114 | $159,547 | $196,567 |
| December 31, 2023 | 990 | $283,828 | $607,393 | -$323,565 | $163,230 | $41,410 | $121,820 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $583,455
- Program service revenue
- $0
- Investment income
- $6,906
- Other revenue
- $402
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $103,590
- Salaries, compensation and benefits (total)
- $112,542
- Professional fundraising fees
- $0
- Legal fees
- $15,286
- Accounting fees
- $25,618
- Travel
- $24,162
- Program services (functional)
- $107,245
- Management and general (functional)
- $205,588
Balance sheet and other
- Total assets, start of year
- $356,114
- Total assets, end of year
- $839,188
- Total liabilities, end of year
- $364,691
- Net assets, end of year
- $474,497
- Net assets without donor restrictions
- $163,640
- Net assets with donor restrictions
- $310,857
- Gross receipts
- $590,763
- Employees
- 3
- Year formed
- 2022
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 |
|---|---|---|---|
| SHINICHIRO INOUE | CEO Officer | 40 | $18,000 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHINICHIRO INOUE | CEO Officer | 40 | $52,500 |
| GREGOR WATSON | CHAIRMAN Officer | 40 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHINICHIRO INOUE | CEO Officer | 40 | $175,000 |
| GREGOR WATSON | CHAIRMAN Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 35311 OTTO WAY, POUGHKEEPSIE, NY 12603-1699
- In care of
- % SHIN INOUE
- Principal officer (990 for 2025)
- SHINICHIRO INOUE, 35311 OTTO WAY, POUGHKEEPSIE, NY 12603
- Signed the 990
- SHINICHIRO INOUE, CEO
- Phone
- (415) 234-3437
- Return prepared by
- ESCALON
Mission
TO PROVIDE FINANCIAL SUPPORT AND ASSISTANCE TO LOWER-INCOME POPULATION
Program accomplishments
- TO PROVIDE FINANCIAL SUPPORT AND ASSISTANCE TO LOWER-INCOME POPULATION
- ALLOWANCE FOR DOUBTFUL ACCOUNTSExpenses $107,245
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
- 88-1233886
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $839,188
- Income (IRS master file)
- $590,763
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $590,763 | $312,833 | $839,188 | XML |
| 990 | December 2024 | $360,546 | $285,799 | $356,114 | IRS |
| 990 | December 2023 | $283,828 | $607,393 | $163,230 | XML |
| 990 | December 2022 | $842,500 | $397,115 | $448,832 | 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 88-1233886).
Questions about FLAGSTONE INITIATIVE
- What is the EIN of FLAGSTONE INITIATIVE?
- The employer identification number (EIN) of FLAGSTONE INITIATIVE is 88-1233886.
- Is FLAGSTONE INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to FLAGSTONE INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FLAGSTONE 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 FLAGSTONE 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 FLAGSTONE 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 FLAGSTONE INITIATIVE?
- The 990 for the year ended December 31, 2025 names SHINICHIRO INOUE.
- Who are the officers and directors of FLAGSTONE INITIATIVE?
- The 990 for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $18,000 (SHINICHIRO INOUE, CEO).
- How much revenue does FLAGSTONE INITIATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $590,763, expenses of $312,833 and total assets of $839,188 at year end.
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