Five Flags Company INC: Nonprofit Profile, Financials & Form 990 (EIN 36-4739190)

Revenue by fiscal year
FY2020	$162K
FY2021	$147K
FY2022	$611K

Net assets by fiscal year
FY2020	$26K
FY2021	$2K
FY2022	$596K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $15K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation

Ogieva Erebor

Director of Finance

$0Pt VII · Sec A

Desmond Okoro

Deirector of Housing and Jobs

$0Pt VII · Sec A

Lina Lopez

Communications Manager

$0Pt VII · Sec A

Oluremi Cole

Director of Community Outreac

$0Pt VII · Sec A

Spencer Cook

President

$0Pt VII · Sec A

Marjorie Pugliese

CEO

$0Pt VII · Sec A

Kiatrina Caras

Director of Finance Education

$0Pt VII · Sec A

Rev Karen Pershing

Vice President

$0Pt VII · Sec A

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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

Five Flags Company INC is a nonprofit organization based in Staten Island, NY.

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Provided by the organization

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1 program · in their own filed words · FY2022

01

Job creation and social WORK.CONDUCTED six lessons on finance for members of the liberian womens group. These were free lessons.

Pt IX · col B

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 · FY2023

Stephen Siller Tunnel to Towers FoundationFY2023$10K

Amazonsmile FoundationFY2023$17

Total grants receivedfrom 2 funders$10K

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$611K

Ln 12

Gifts and grantsLn 1h$611K

Money outPt IX

$15K

Ln 25

Programscol B$15K

Owns and owesPt X

$596K

net assets · Ln 32

Cash and savingsLn 1–2$5K

Total assetsLn 16$601K

LiabilitiesLn 26$5K

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$611K

Noncash giftsLn 1g$597K

Total revenueLn 12$611K

Assets in detailPt X, end of year

SavingsLn 2$5K

Cash and savings togetherLn 1–2$5K

Total assetsLn 16$601K

LiabilitiesLn 26$5K

Net assetsLn 32$596K

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$2K	$5K
Total assetsLn 16	$2K	$601K
LiabilitiesLn 26	$2K	$5K
Net assetsLn 32	$0	$596K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Office expensesLn 13	$15K	$15K
Total functional expensesLn 25	$15K	$15K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest Viewing	$611K	$15K	$596K	$596K	990 PDF
FY2021	$147K			$2K	990 PDF
FY2020	$162K			$26K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $611,081 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $81,728$611,081

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenuePrior year $64,999$0

I-12 Total revenuePrior year $146,727$611,081

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $170,675$15,173

I-18 Total expensesPrior year $170,675$15,173

I-19 Revenue less expensesPrior year −$23,948$595,908

Part VI · Governance 8 of 9 board members independent, 4 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members8

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $611,081 across 5 lines filed

VIII-1a Federated campaigns$14,270

VIII-1f All other contributions, gifts and grants$596,811

VIII-1g Noncash contributions (included above)$596,811

VIII-1h Total contributions, gifts and grants$611,081

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$611,081

Part IX · Statement of functional expenses $15,173 across 1 line filed

IX-13 Office expensesPrograms $15,173$15,173

IX-25 Total functional expensesPrograms $15,173 · Management $0 · Fundraising $0$15,173

Part X · Balance sheet $600,955 assets, 8 lines filed

X-2 Savings and temporary cash investmentsStart of year $2,498$5,047

X-14 Intangible assets$595,908

X-16 Total assetsStart of year $2,498$600,955

X-17 Accounts payable and accrued expensesStart of year $2,498$5,047

X-26 Total liabilitiesStart of year $2,498$5,047

X-27 Net assets without donor restrictions$595,908

X-32 Total net assets or fund balancesStart of year $0$595,908

X-33 Total liabilities and net assetsStart of year $2,498$600,955

Part XI · Reconciliation of net assets $595,908 net assets at year end

XI-1 Total revenue$611,081

XI-2 Total expenses$15,173

XI-3 Revenue less expenses$595,908

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$595,908

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Five Flags Company INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Five Flags Company INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV