Flag Foundation For Excellence In Education
- Assets
- $150.5k
- Revenue
- $600.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 84-2934959
Organization Overview
Flag Foundation For Excellence In Education is located in New York, NY. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flag Foundation For Excellence In Education is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Flag Foundation For Excellence In Education generated $600.0k in total revenue. All expenses for the organization totaled $530.7k during the year ending 12/2021.
Since 2020, Flag Foundation For Excellence In Education has awarded 112 individual grants totaling $515,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FLAG AWARD FOR TEACHING EXCELLENCE PROGRAM - TO RECOGNIZE AND CELEBRATE EXTRAORDINARY PUBLIC-SCHOOL TEACHERS WHO INSPIRE LEARNING THROUGH CREATIVITY, PASSION, AND COMMITMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Risa Daniels Co-President/co-Executive Director | 20 | $60,000 | |
Laura Twersky Co-President/co-Executive Director | 20 | $60,000 | |
Glenn Fuhrman Chair/treasurer | 1 | $0 | |
Amanda Fuhrman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $600,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,890 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,919 |
| Printing and publications | $0 |
| Other expenses | $40,583 |
| Total operating and administrative expenses | $210,667 |
| Contributions, gifts, grants paid | $320,000 |
| Total expenses and disbursements | $530,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,312 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $225 |
| Total assets | $150,537 |
| Accounts payable and accrued expenses | $303 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $303 |
Grants Awarded
Over the last fiscal year, Flag Foundation For Excellence In Education has awarded $320,000 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
DANA MONTEIRO PURPOSE: FATE 2021 - GRAND PRIZE | $32,500 |
CHERYL RIZZO PURPOSE: FATE 2021 - GRAND PRIZE | $25,000 |
ANDREW CHIAPPETTA PURPOSE: FATE 2021 - GRAND PRIZE | $25,000 |
PATRICIA LOCKHART PURPOSE: FATE 2021 - GRAND PRIZE | $25,000 |
PENELOPE SMETTERS PURPOSE: FATE 2021 - GRAND PRIZE | $25,000 |
BERTHA JANETH KURMEN LEIVA PURPOSE: FATE 2021 - FINALIST | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Flag Foundation For Excellence In Education has recieved totaling $600,000.
| Awarding Organization | Amount |
|---|---|
Fuhrman Family Foundation New York, NY PURPOSE: THE FLAG AWARD FOR TEACHING EXCELLENCE PROGRAM | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |