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The Flag Foundation FY2023 filing

Tax-deductible

Paso Robles, CA501(c)(3)Since 2006Human ServicesEIN 71-1003156

Three primary activities are conducted:1). Provide land, feed and care for a small herd of rescued horses.2). Offer sessions in human retreat, renewal and rediscovery by immersing in the field with the herd.3). Tell the stories of the horse and human interaction and resulting transformation through mutiple commmunication channels.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $15K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $248K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
110% of total assets
Concern: liabilities are 110% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$340K
+50% vs prior year
Spent
$344K
To programs
100%
Net assets
−$150K
By yearFY2020–FY2025
Revenue
$340K
FY2023▲ +50%
Revenue by fiscal year
FY2020$166K
FY2021$204K
FY2022$226K
FY2023$340K
FY2024$389K
FY2025$541K
Expenses
$344K
FY2023▲ +7%
Expenses by fiscal year
FY2020Not on file
FY2021$231K
FY2022$322K
FY2023$344K
FY2024$286K
FY2025$439K
Net assets
−$150K
FY2023▼ -1259%
Net assets by fiscal year
FY2020$95K
FY2021$7K
FY2022$13K
FY2023−$150K
FY2024−$141K
FY2025−$40K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CThe Flag Foundation
EINHdr · item D71-1003156
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2008
Year of formationHdr · item L2006
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPaso Robles, CA
NTEE classificationIRS BMFHuman Services (P82)
WebsiteHdr · item Jwww.flagranch.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$344K
Total functional expensesLn 25$344K

Financial health

Is it on solid ground?

Program efficiency
100%
of spending reaches programs
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$1.6M
FY2023▲ +8%
Total assets by fiscal year
FY2020Not on file
FY2021$1.5M
FY2022$1.5M
FY2023$1.6M
FY2024$1.6M
FY2025$1.6M
Total liabilities
$1.7M
FY2023▲ +19%
Total liabilities by fiscal year
FY2020Not on file
FY2021$1.5M
FY2022$1.5M
FY2023$1.7M
FY2024$1.7M
FY2025$1.7M
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$77K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$1.7M
Total net assetsLn 32−$150K
Months of cash on handcomputed2.7

Statement of Revenue

Part VIII
Contributions & grants100%$340K
Total revenueLn 12$340K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $77K · Operating expenses/yr $344K
2.7 months
Where the money goes
Program services
Program services $344K · Total expenses $344K
100%
Management & General
Management & general $0 · Total expenses $344K
0%
Fundraising
Fundraising $0 · Total expenses $344K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $253K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $340K · Total revenue $340K
100%
Government reliance
Government grants — · Total revenue $340K
—
Earned-income share
Program service revenue $0 · Total revenue $340K
0%
Investment reliance
Investment income $0 · Total revenue $340K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $344K
0%
Growth & trend
Revenue growth (YoY)
This year $340K · Prior year $226K
+50%
Net-asset trend (YoY)
End of year −$150K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $340K · Expenses $344K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
—
Net-asset ratio
Net assets −$150K · Total assets $1.6M
-10%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.6M
0%
People & payroll
Highest Reported Total Compensation
Individual Kimberly Carlisle · Reported title Director · Highest reported compensation $0 · Total expenses $344K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $344K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth 50%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See The Flag Foundation executive salaries →

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Governance & Policies

Part VI
  • 1Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Rescued horses offer healing retreats for people, sharing their stories of transformation.

Provided by the organization

This section is blank until The Flag Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $344K of program spending, described in the organization's own filed words · FY2023.
01

Three Primary Activities Are Conducted

1). Provide land, feed and care for a small herd of rescued horses.2). Offer sessions in human retreat, renewal and rediscovery by immersing in the field with the herd.3). Tell the stories of the horse and human interaction and resulting transformation through mutiple commmunication channels.

$344Kprogram expense

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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
Donor Advised Charitable Giving INCFY2024$190K
Network for Good INCFY2024$28K
Fidelity Investments Charitable Gift FundFY2024$11K
California Community FoundationFY2024$10K
Vanguard Charitable Endowment ProgramFY2024$8K
Total grants receivedfrom 5 funders$248K
See all 5 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $541K$439K+39% 990 PDF
FY2024 $389K$286K+15% 990 PDF
FY2023 Viewing $340K$344K+50% 990 PDF
FY2022 $226K$322K+11% 990 PDF
FY2021 $204K$231K+23% 990 PDF
FY2020 $166K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2023

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $344,344 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $10,499$10,499
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $1,587$1,587
IX-13 Office expensesPrograms $947$947
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms −$8−$8
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $244,943$244,943
IX-24e All other expensesPrograms $86,376$86,376
IX-25 Total functional expensesPrograms $344,344 · Management $0 · Fundraising $0$344,344

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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