Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Flywire Charitable Foundation
990EZ • Fiscal year 2021 • EIN 84-1922912
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
24.58x
Liabilities / Revenue
100th percentile
Higher debt load relative to revenue than 100% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Balance Sheet
Assets
Down$1,424
Down $4,614 (-76%) from 2020
Net Assets
-$33,576
No earlier filing loaded for comparison.
Liabilities
Up$35,000
Up $31,979 (+1059%) from 2020
Revenue And Expenses
Revenue
Up$966
Up $966 from 2020
Expenses
Up$40,580
Up $19,129 (+89%) from 2020
Net Income
Down-$39,614
Down $18,163 (-85%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- May 4, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $966
Mission and Program Overview
Mission
Supports charitable causes and social responsibility.
Support charitable causes and social responsibility.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| 8 scholarships were given to universities where the scholarship winning students were enrolled. | $0 | $40,000 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| James Garrant | President | PT | $0 | - | - |
| Mia Watanabe | Assistant Secretary | PT | $0 | - | - |
| Rachel Robohm | Secretary | PT | $0 | - | - |
| Michael Massaro | Director | PT | $0 | - | - |
| Elena Escobar | Treasurer | PT | $0 | - | - |
| Peter Butterfield | Director | PT | $0 | - | - |
| Michael Ellis | Director | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Flywire Charitable Foundation
- EIN
- 84-1922912
- Phone
- 6172077076
- Address
- 141 Tremont St 10th Floor, Boston, MA 02111
Signing Officer
- Name
- Peter Butterfield
- Title
- Director
- Phone
- 6172077076
- Signed
- 2022-05-04
Supplemental Narrative
Additional Explanations
Line B, Amended Return
“The professional fee reversal reported on Part I Line 20 was originally reported in Line 13, but a technical issue prevented a negative expense from being entered. As a result, the original return does not correctly show this expense. This amended return was to move the reporting to Part I Line 20 where the reversal could be correctly shown.”
Part I, Line 10
“Line 10: Scholarships awarded to education institutions for the eight scholarship winners were enrolled at.”
Part I, Line 16
“Line 16: bank fees”
Part I, Line 20
“Line 20: Reversal of $3,021 in professional fees that were incurred in 2021.”
Part II, Line 26
“Line 26: $35,000 - contribution from Flywire Corporation in the form of inter-company payables.”
Raw XML Appendix156 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AmendedReturnInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Flywire Corporation |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6172077076 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 141 Tremont St 10th Floor |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Boston |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02111 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 6038 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 1424 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 966 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -39614 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 6038 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 1424 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 40000 |
| IRS990EZ/GrossReceiptsAmt | 0 | 966 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 3017 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -33576 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 3017 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -33576 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | James Garrant |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Mia Watanabe |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Rachel Robohm |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Michael Massaro |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Elena Escobar |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Peter Butterfield |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | Michael Ellis |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Assistant Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 3021 |
| IRS990EZ/OtherEmployeePaidOver100kCnt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 580 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Support charitable causes and social responsibility. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 8 scholarships were given to universities where the scholarship winning students were enrolled. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 40000 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 3021 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 35000 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 40580 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 40000 |
| IRS990EZ/TotalRevenueAmt | 0 | 966 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | flywire.com/company/foundation |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 966 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 966 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 25000 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 25000 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.03720 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 966 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 966 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 966 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 25966 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The professional fee reversal reported on Part I Line 20 was originally reported in Line 13, but a technical issue prevented a negative expense from being entered. As a result, the original return does not correctly show this expense. This amended return was to move the reporting to Part I Line 20 where the reversal could be correctly shown. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Line 10: Scholarships awarded to education institutions for the eight scholarship winners were enrolled at. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Line 16: bank fees |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Line 20: Reversal of $3,021 in professional fees that were incurred in 2021. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Line 26: $35,000 - contribution from Flywire Corporation in the form of inter-company payables. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Line B, Amended Return |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part I, Line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part I, Line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part II, Line 26 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Peter Butterfield |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Director |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6172077076 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-05-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Flywire Charitable Foundation |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FLYW |
| ReturnHeader/Filer/EIN | 0 | 841922912 |
| ReturnHeader/Filer/PhoneNum | 0 | 6172077076 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 141 Tremont St 10th Floor |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Boston |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02111 |
| ReturnHeader/ReturnTs | 0 | 2022-05-04T21:30:58Z |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $1,424
- Liabilities
- $35,000
- Net assets
- -$33,576
- Revenue
- $966
- Expenses
- $40,580
- Net income
- -$39,614