Flare Education FY2021 filing

Tax-deductible

Boston, MA501(c)(3)EducationEIN 87-1145016Revenue $113K in FY2021

On file with the IRSflare-education.org56 Warren St 200, 02119-3236 · Boston, MATax-exempt since Dec 2021Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the Organization is to work with high schools, community organizations, and companies to build local partnerships and provide under-resourced high school students with paid, value-focused summer capstone projects. The Organization helps students develop foundational skills, build social capital, and improve their financial literacy so that the alumni can find jobs with gross annual income at or above $60,000.

501(c)(3) charity; gifts are tax-deductible.
$11K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2021 · Form 990-EZIndependent: 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
FY2023
latest Form 990-EZ
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $98K a year · 12% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Pay to officers and key staff
$11K
to officers and key staff
No data yet: the filing does not give pay as a share of spending.
Pt VII · Sec A
Named funders
8
named funders · $282K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$113K
Net assets
$94K
By yearFY2021–FY2023
Revenue
$113K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$113K
FY2022$534K
FY2023$1.0M
Expenses
—
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$398K
FY2023$970K
Net assets
$94K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$94K
FY2022$231K
FY2023$289K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Dec 2021.

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

Who runs it and what they're paid

17 people listed on the 990-EZ; $11K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director and Chief of Staff
$10,667Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Vice-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A

Jill Mongeau Gaines’s $120K as Executive Director and Chief of Staff is at the 45th percentile of top reported officer pay among 3395 $1–10M education 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

NameFY2022FY2021
Jill Mongeau Gaines$120,000$10,667

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.

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Programs and updates

Connects students with companies for paid summer projects, building skills and financial literacy for high-paying jobs.

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Provided by the organization

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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
See all 8 funders →

By the numbers

The FY2021 990-EZ, line by line.

1The main four
Money in
$113K
Other income$113K
Owns and owes
$94K
net assets
Liabilities$0
People
17
listed
Paid1
2In more detail
Revenue in detail
Other income$113K
Total revenue$113K
Assets in detailEnd of year
Liabilities$0
Net assets$94K
Operations
Employees2
Volunteers0
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $1.0M$970K$59K$289K 990 PDF
FY2022 $534K$398K$136K$231K 990 PDF
FY2021 Viewing $113K$94K 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

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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