philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Figawi Charities INC

Tax-deductible

W Hyannisport, MA501(c)(3)Mental HealthEIN 04-3352922

Charitable and philanthropic purposes

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $10K a year · 43% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 24.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15K
-36% vs prior year
Spent
$31K
To programs
61%
Net assets
$71K
By yearFY2020–FY2024
Revenue
$15K
FY2024▼ -36%
Revenue by fiscal year
FY2020−$2K
FY2021$44K
FY2022$37K
FY2023$23K
FY2024$15K
Expenses
$31K
FY2024▲ +67%
Expenses by fiscal year
FY2020$65
FY2021$0
FY2022$17K
FY2023$19K
FY2024$31K
Net assets
$71K
FY2024▼ -19%
Net assets by fiscal year
FY2020$32K
FY2021$77K
FY2022$97K
FY2023$87K
FY2024$71K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $19K Management & general 39% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Andrew Seguin
Vice Preside
$0Pt VII · Sec A
Megan Markoski
Past Treasur
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Lorraine Levine
Past Clerk
$0Pt VII · Sec A
$0Pt VII · Sec A
John Osmond
Past Directo
$0Pt VII · Sec A
See Figawi Charities INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides aid and support for charitable and philanthropic causes.

Provided by the organization

This section is blank until Figawi Charities INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $19K of program spending, described in the organization's own filed words · FY2024.
01

Figawi charities, inc. Hosts boat races and entertainment events, the proceeds of which benefit charitable organizations in the state of incorporation.

$19Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
The Nicholas and Marion Madonna FoundationFY2024$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$15K
Ln 12
Other incomeLn 4–11$14K
Gifts and grantsLn 1h$851
Investment incomeLn 3$29
Money outPt IX
$31K
Ln 25
Programscol B$19K
Managementcol C$12K
Owns and owesPt X
$71K
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$88K
LiabilitiesLn 26$17K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$851
Government grantsLn 1e$851
Investment incomeLn 3$29
Other incomeLn 4–11$14K
Total revenueLn 12$15K
Assets in detailPt X, end of year
CashLn 1$40K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$63K
Total assetsLn 16$88K
LiabilitiesLn 26$17K
Net assetsLn 32$71K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$66K$63K
Total assetsLn 16$89K$88K
LiabilitiesLn 26$2K$17K
Net assetsLn 32$87K$71K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Office expensesLn 13$360$360
Information technologyLn 14$9K$9K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$11K$10K$1K
All other expensesLn 24e$153$99$54
Total functional expensesLn 25$31K$19K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $15K$31K−$16K$71K 990 PDF
FY2023 $23K$19K$4K$87K 990 PDF
FY2022 $37K$17K$19K$97K 990 PDF
FY2021 $44K$0$44K$77K 990 PDF
FY2020 −$2K$65−$2K$32K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $14,625 across 5 lines filed
VIII-1e Government grants$851
VIII-1h Total contributions, gifts and grants$851
VIII-3 Investment incomeExcluded from tax $29$29
VIII-8 Net income from fundraising eventsExcluded from tax $13,745$13,745
VIII-12 Total revenueExcluded from tax $13,774$14,625
Part IX · Statement of functional expenses $30,934 across 7 lines filed
IX-11c Accounting feesManagement $4,500$4,500
IX-13 Office expensesManagement $360$360
IX-14 Information technologyPrograms $8,812$8,812
IX-19 Conferences, conventions and meetingsManagement $3,869$3,869
IX-23 InsuranceManagement $1,919$1,919
IX-24 Other expenses (24a–d)Programs $10,110 · Management $1,211$11,321
IX-24e All other expensesPrograms $99 · Management $54$153
IX-25 Total functional expensesPrograms $19,021 · Management $11,913 · Fundraising $0$30,934
Part X · Balance sheet $87,939 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $43,229$40,407
X-2 Savings and temporary cash investmentsStart of year $22,470$22,499
X-8 Inventories for sale or useStart of year $8,378$10,033
X-9 Prepaid expenses and deferred chargesStart of year $15,000$15,000
X-16 Total assetsStart of year $89,077$87,939
X-17 Accounts payable and accrued expensesStart of year $1,699$16,870
X-26 Total liabilitiesStart of year $1,699$16,870
X-27 Net assets without donor restrictionsStart of year $87,378$71,069
X-32 Total net assets or fund balancesStart of year $87,378$71,069
X-33 Total liabilities and net assetsStart of year $89,077$87,939
Part XI · Reconciliation of net assets $71,069 net assets at year end
XI-1 Total revenue$14,625
XI-2 Total expenses$30,934
XI-3 Revenue less expenses−$16,309
XI-4 Net assets at start of year$87,378
XI-10 Net assets at end of year$71,069

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.