Civic Intelligence

Agganis Foundation Inc.

990 • Fiscal year 2013 • EIN 20-2059030

Jan 01, 2013 to Dec 31, 2013 • Filed on Jan 13, 2015

Organization ProfileN/A
2 Arthur Avenue01945

(781) 581-4214

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

24th percentile

0.02x

Higher debt load relative to revenue than 24% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

95th percentile

67%

Higher net margin than 95% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

86th percentile

27%

Faster asset growth than 86% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$1,156,325

Up $249,060 (+27%) from 2012

Net Assets

Up

$1,150,375

Up $249,110 (+28%) from 2012

Liabilities

Down

$5,950

Down $50 (-0.8%) from 2012

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin95th percentile

Revenue

$372,465

No earlier filing loaded for comparison.

Expenses

Up

$123,355

Up $13,295 (+12%) from 2012

Net Income

$249,110

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $919,495Liabilities 2010: $5,800Net Assets 2010: $913,6952010Assets 2011: $840,296Liabilities 2011: $5,800Net Assets 2011: $834,4962011Assets 2012: $907,265Liabilities 2012: $6,000Net Assets 2012: $901,2652012Assets 2013: $1,156,325Liabilities 2013: $5,950Net Assets 2013: $1,150,3752013Assets 2014: $1,141,197Liabilities 2014: $5,950Net Assets 2014: $1,135,2472014Assets 2015: $1,095,875Liabilities 2015: $5,950Net Assets 2015: $1,089,9252015Assets 2016: $1,079,702Liabilities 2016: $6,300Net Assets 2016: $1,073,4022016Assets 2017: $1,251,323Liabilities 2017: $6,300Net Assets 2017: $1,245,0232017Assets 2018: $1,137,147Liabilities 2018: $6,750Net Assets 2018: $1,130,3972018Assets 2019: $1,322,015Liabilities 2019: $6,750Net Assets 2019: $1,315,2652019Assets 2020: $1,430,937Liabilities 2020: $6,750Net Assets 2020: $1,424,1872020Assets 2021: $1,642,197Liabilities 2021: $7,000Net Assets 2021: $1,635,1972021Assets 2022: $1,391,216Liabilities 2022: $3,499Net Assets 2022: $1,387,7172022Assets 2023: $1,683,552Liabilities 2023: $3,500Net Assets 2023: $1,680,0522023Assets 2024: $1,869,839Liabilities 2024: $7,000Net Assets 2024: $1,862,8392024

Highlighted filing

2013

Assets$1,156,325
Liabilities$5,950
Net Assets$1,150,375
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200K-$400KExpenses 2010: $113,3672010Expenses 2011: $111,4082011Expenses 2012: $110,0602012Revenue 2013: $372,465Expenses 2013: $123,355Net Income 2013: $249,1102013Revenue 2014: $107,524Expenses 2014: $122,653Net Income 2014: -$15,1292014Revenue 2015: $64,688Expenses 2015: $110,010Net Income 2015: -$45,3222015Revenue 2016: $99,431Expenses 2016: $115,954Net Income 2016: -$16,5232016Revenue 2017: $289,057Expenses 2017: $125,436Net Income 2017: $163,6212017Revenue 2018: $27,000Expenses 2018: $141,626Net Income 2018: -$114,6262018Revenue 2019: $417,888Expenses 2019: $233,020Net Income 2019: $184,8682019Revenue 2020: $263,338Expenses 2020: $154,416Net Income 2020: $108,9222020Revenue 2021: $354,684Expenses 2021: $143,674Net Income 2021: $211,0102021Revenue 2022: $265,924Expenses 2022: $513,404Net Income 2022: -$247,4802022Revenue 2023: $447,023Expenses 2023: $154,688Net Income 2023: $292,3352023Revenue 2024: $348,073Expenses 2024: $149,286Net Income 2024: $198,7872024

Highlighted filing

2013

Revenue$372,465
Expenses$123,355
Net Income$249,110
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jan 13, 2015
Return Version
2013v4.0
Gross Receipts
$735,583
Mission and Program Overview

Mission

To provide college scholarships to deserving student athletes

To further the memory of Harry Agganis through a program of scholarships for deserving student athletes and a series of all-star sporting events for high school athletes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$706,291$906,445▲ $200,154
Investments Other Securities$180,139$195,718▲ $15,579
Cash and Non-Interest-Bearing Accounts$20,835$54,162▲ $33,327
Total Assets$907,265$1,156,325▲ $249,060
Liabilities
Accounts Payable and Accrued Expenses$6,000$5,950▼ $50
Total Liabilities$6,000$5,950▼ $50
Net Assets / Fund Balance
Unrestricted Net Assets$901,265$1,150,375▲ $249,110
Total Net Assets Fund Balance$901,265$1,150,375▲ $249,110
Total Liabilities and Net Assets / Fund Balance$907,265$1,156,325▲ $249,060

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$80,685--
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
Thomas C DemakisChairman
Edward M GrantPresident
Matin C Goldman EsqDirector
Peter H GamageDirector
Thomas L DemakesDirector
Stephen L SmithClerk
Michael H ShanahanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$137,560
Program Service Revenue
$0
Investment Income
$63,898
Other Revenue
$171,007
All Other Contributions
$137,560
Change in Net Assets
$249,110

Audited Revenue Reconciliation

Revenue per Audited Statements
$372,465
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$372,465
Total Revenue per Form 990
$372,465
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,355
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$5,225$9,374-$14,599
Other Expenses$62,000$8,113-$8,113
Fees for Services Accounting-$5,750-$5,750
Office Expenses-$85-$85
Total Functional Expenses$67,225$56,130$0$123,355

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$123,355
Total Expenses per Audited Statements$123,355
Total Expenses per Form 990$123,355
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“The Treasurer receives a draft of Form 990 from independent accountant and reviews and recommends changes to the return before accountant finalizes the return. The Chairman of the Board and the President review the final copy before it is filed also.”

Form 990, Part VI, Section B, line 12C

“No officer is allowed to hold an interest in the organization so the monitoring is not really an issue”

Form 990, Part VI, Section B, line 15

“Board of directors examines and determines compensation for executive director annually at board meeting”

Form 990, Part VI, Section C, line 19

“This information is public record with the Massachusetts Secretary of State and is also available to the public at the Organization's offices”

Filing and Contact Details

Filer

EIN
20-2059030
Phone
7815814214

Signing Officer

Name
Michael H Shanahan
Title
Treasurer
Phone
7815937311
Signed
2015-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael H Shanahan
Formed
2004
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Preparer
Neal A Price
Phone
9788545656
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

“Awards: Program service expenses 5,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,225. Miscellaneous: Program service expenses 0. Management and general expenses 4,796. Fundraising expenses 0. Total expenses 4,796. Printing & Postage: Program service expenses 0. Management and general expenses 2,417. Fundraising expenses 0. Total expenses 2,417. Insurance: Program service expenses 0. Management and general expenses 1,295. Fundraising expenses 0. Total expenses 1,295. Telephone: Program service expenses 0. Management and general expenses 464. Fundraising expenses 0. Total expenses 464. Website: Program service expenses 0. Management and general expenses 384. Fundraising expenses 0. Total expenses 384. Bank Charges: Program service expenses 0. Management and general expenses 18. Fundraising expenses 0. Total expenses 18.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0158982
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0195098
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01016753
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0123355
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0115033
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt180685
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Fixed Income Securities
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Cash and Equivalents
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0372465
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0195718
IRS990ScheduleD/TotalExpensesPerForm990Amt0123355
IRS990ScheduleD/TotalRevenuePerForm990Amt0372465
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0372465
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0123355
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Treasurer receives a draft of Form 990 from independent accountant and reviews and recommends changes to the return before accountant finalizes the return. The Chairman of the Board and the President review the final copy before it is filed also.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No officer is allowed to hold an interest in the organization so the monitoring is not really an issue
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board of directors examines and determines compensation for executive director annually at board meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3This information is public record with the Massachusetts Secretary of State and is also available to the public at the Organization's offices
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Awards: Program service expenses 5,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,225. Miscellaneous: Program service expenses 0. Management and general expenses 4,796. Fundraising expenses 0. Total expenses 4,796. Printing & Postage: Program service expenses 0. Management and general expenses 2,417. Fundraising expenses 0. Total expenses 2,417. Insurance: Program service expenses 0. Management and general expenses 1,295. Fundraising expenses 0. Total expenses 1,295. Telephone: Program service expenses 0. Management and general expenses 464. Fundraising expenses 0. Total expenses 464. Website: Program service expenses 0. Management and general expenses 384. Fundraising expenses 0. Total expenses 384. Bank Charges: Program service expenses 0. Management and general expenses 18. Fundraising expenses 0. Total expenses 18.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 24e
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0907265
IRS990/TotalAssetsEOYAmt01156325
IRS990/TotalAssetsGrp/BOYAmt0907265
IRS990/TotalAssetsGrp/EOYAmt01156325
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0137560
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt056130
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt067225
IRS990/TotalFunctionalExpensesGrp/TotalAmt0123355
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06000
IRS990/TotalLiabilitiesEOYAmt05950
IRS990/TotalLiabilitiesGrp/BOYAmt06000
IRS990/TotalLiabilitiesGrp/EOYAmt05950
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0901265
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01150375
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt067225
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0234905
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0372465
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0907265
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01156325
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0901265
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01150375
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102 Arthur Avenue
IRS990/USAddress/City0Marblehead
IRS990/USAddress/State0MA
IRS990/USAddress/ZIPCode001945
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael H Shanahan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07815937311
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-01-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10Agganis Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0AGGA
ReturnHeader/Filer/EIN0202059030
ReturnHeader/Filer/PhoneNum07815814214
ReturnHeader/Filer/USAddress/AddressLine102 Arthur Avenue
ReturnHeader/Filer/USAddress/City0Marblehead
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode001945
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042934388
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Neal A Price & Company LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10194 Newbury Street - Suite 6
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Peabody
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode001960
ReturnHeader/PreparerPersonGrp/PhoneNum09788545656
ReturnHeader/PreparerPersonGrp/PreparationDt02015-01-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Neal A Price
ReturnHeader/ReturnTs02015-01-13T09:38:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,156,325
Liabilities
$5,950
Net assets
$1,150,375
Revenue
$372,465
Expenses
$123,355
Net income
$249,110
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.87$0.01$1.86$0.35$0.15$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.45$0.15$0.29
2022Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.27$0.51$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.64$0.01$1.64$0.35$0.14$0.21
2020Detailed filing. Detailed filing data is available for this year.$1.43$0.01$1.42$0.26$0.15$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.32$0.01$1.32$0.42$0.23$0.18
2018Detailed filing. Detailed filing data is available for this year.$1.14$0.01$1.13$0.03$0.14$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.25$0.01$1.25$0.29$0.13$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.08$0.01$1.07$0.10$0.12$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.10$0.01$1.09$0.06$0.11$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.14$0.01$1.14$0.11$0.12$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.16$0.01$1.15$0.37$0.12$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.01$0.90$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.01$0.83$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.01$0.91$0.11