Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
59 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
6 people listed on the 990; $28K paid to officers and key staff.
Marcy Reyes’s $113K as CEO is at the 47th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Marcy Reyes | $112,692 | $125,293 | $93,701 | $42,568 | $27,927 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See The Fly Initiative executive salaries →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
Teaches financial literacy to youth and others through educational services and programs.
Questions for The Fly Initiative
Your first name shows with your question. The Fly Initiative answers here, for everyone.
Education of financial literacy for all ages using program materials and curriculum
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $29K | $420K |
| Land, buildings, equipmentLn 10c | $4K | |
| Total assetsLn 16 | $29K | $424K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $29K | $424K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $28K | $11K | $17K | |
| Payroll taxesLn 10 | $2K | $968 | $1K | |
| Legal feesLn 11b | $193 | $193 | ||
| Other fees for servicesLn 11g | $6K | $6K | $463 | |
| Advertising and promotionLn 12 | $2K | $2K | ||
| Office expensesLn 13 | $3K | $444 | $3K | |
| Information technologyLn 14 | $4K | $1K | $2K | |
| Conferences, conventions and meetingsLn 19 | $1K | $1K | ||
| Depreciation, depletion and amortizationLn 22 | $230 | $230 | ||
| InsuranceLn 23 | $779 | $779 | ||
| Other expenses (24a–d)Ln 24 | $23K | $21K | $346 | $2K |
| All other expensesLn 24e | $39 | $39 | ||
| Total functional expensesLn 25 | $71K | $42K | $25K | $4K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Aug 4, 2026 | $1.1M | $1.1M | −$6K | $301K | 990 PDF |
| FY2024Filed with the IRS Nov 17, 2025 | $1.2M | $979K | $188K | $307K | 990 PDF |
| FY2023Filed with the IRS Nov 15, 2024 | $718K | $632K | $86K | $119K | 990 PDF |
| FY2022Filed with the IRS Oct 16, 2023 | $43K | $435K | −$393K | $33K | 990 PDF |
| FY2021 ViewingFiled with the IRS Jun 9, 2022 | $466K | $71K | $395K | $424K | 990 PDF |
Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $465,650 revenue, 12 lines filed
Part VI · Governance 0 of 5 board members independent, 4 to look at
Part VIII · Statement of revenue $465,650 across 3 lines filed
Part IX · Statement of functional expenses $70,691 across 12 lines filed
Part X · Balance sheet $424,101 assets, 7 lines filed
Part XI · Reconciliation of net assets $424,101 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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