Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
70 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
2 people listed on the 990; $175K paid to officers and key staff.
Shinichiro Inoue’s $18K as CEO is at the 16th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking 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 |
|---|---|---|---|---|
| Shinichiro Inoue | $18,000 | $52,500 | $175,000 | $131,250 |
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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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
Offers financial aid and support to low-income individuals and families.
Questions for Flagstone Initiative
Your first name shows with your question. Flagstone Initiative answers here, for everyone.
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To provide financial support and assistance to lower-income population
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $449K | $162K |
| Total assetsLn 16 | $449K | $163K |
| LiabilitiesLn 26 | $3K | $41K |
| Net assetsLn 32 | $445K | $122K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $498K | $373K | $70K | $55K |
| Payroll taxesLn 10 | $39K | $29K | $5K | $4K |
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $13K | $13K | ||
| Other fees for servicesLn 11g | $10K | $8K | $1K | |
| Advertising and promotionLn 12 | $3K | $3K | ||
| Information technologyLn 14 | $8K | $8K | ||
| TravelLn 17 | $18K | $18K | ||
| InsuranceLn 23 | $710 | $710 | ||
| Other expenses (24a–d)Ln 24 | $18K | $16K | $1K | |
| All other expensesLn 24e | $561 | $109 | $452 | |
| Total functional expensesLn 25 | $607K | $427K | $121K | $59K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $591K | $313K | $278K | $474K | 990 PDF |
| FY2024 | $361K | $286K | $75K | $197K | 990 PDF |
| FY2023 Viewing | $284K | $607K | −$324K | $122K | 990 PDF |
| FY2022 | $842K | $397K | $445K | $445K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $283,828 revenue, 12 lines filed
Part VI · Governance 4 to look at
Part VIII · Statement of revenue $283,828 across 5 lines filed
Part IX · Statement of functional expenses $607,393 across 11 lines filed
Part X · Balance sheet $163,230 assets, 11 lines filed
Part XI · Reconciliation of net assets $121,820 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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