Civic Intelligence

Agganis Foundation Inc.

990 • Fiscal year 2018 • EIN 20-2059030

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 23, 2019

Organization Profilewww.agganisfoundation.com
37 Waterhill StreetLynn, MA 01905

(781) 593-7311

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

68th percentile

0.25x

Higher debt load relative to revenue than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

1st percentile

-425%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

15th percentile

-9.1%

Faster asset growth than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-91%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$1,137,147

Down $114,176 (-9.1%) from 2017

Net Assets

Down

$1,130,397

Down $114,626 (-9.2%) from 2017

Liabilities

Up

$6,750

Up $450 (+7.1%) from 2017

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin1st percentile

Revenue

Down

$27,000

Down $262,057 (-91%) from 2017

Expenses

Up

$141,626

Up $16,190 (+13%) from 2017

Net Income

Down

-$114,626

Down $278,247 (-170%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2018

Assets$1,137,147
Liabilities$6,750
Net Assets$1,130,397
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

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

2018

Revenue$27,000
Expenses$141,626
Net Income-$114,626
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 23, 2019
Return Version
2018v3.1
Gross Receipts
$27,000
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$1,014,993$888,436▼ $126,557
Investments Other Securities$229,947$229,870▼ $77
Cash and Non-Interest-Bearing Accounts$6,383$18,841▲ $12,458
Total Assets$1,251,323$1,137,147▼ $114,176
Liabilities
Accounts Payable and Accrued Expenses$6,300$6,750▲ $450
Total Liabilities$6,300$6,750▲ $450
Net Assets / Fund Balance
Unrestricted Net Assets$1,191,023$1,056,397▼ $134,626
Temporarily Rstr Net Assets$54,000$74,000▲ $20,000
Total Net Assets Fund Balance$1,245,023$1,130,397▼ $114,626
Total Liabilities and Net Assets / Fund Balance$1,251,323$1,137,147▼ $114,176

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$68,763--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Andrew T DemakesPresident
Andrew T DemakesDirector
Jeremy P HmuraDirector
Thomas C DemakisDirector
Thomas C DemakisClerk
Jeremy P HmuraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$69,361
Program Service Revenue
$0
Investment Income
$25,107
Other Revenue
$-67,468
All Other Contributions
$69,361
Change in Net Assets
$-114,626

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$27,000
Total Revenue per Form 990
$27,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$141,626
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$565$6,633-$7,198
Fees for Services Accounting-$6,750-$6,750
Other Expenses$84,000$4,582-$4,582
Advertising-$3,500-$3,500
Office Expenses-$10-$10
Total Functional Expenses$84,565$57,061$0$141,626

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$141,626
Total Expenses per Audited Statements$141,626
Total Expenses per Form 990$141,626
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
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 11B

“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

Filer Name
Agganis Foundation Inc
EIN
20-2059030
Phone
7815937311
Address
37 Waterhill Street, Lynn, MA 01905

Signing Officer

Name
Jeremy Hmura
Title
Treasurer
Phone
7814171103
Signed
2019-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Hmura
Formed
2004
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Neal A Price & Company LLP
Address
194 Newbury Street - Suite 6, Peabody, MA 01960
Preparer
Patrick C Price CPA
Phone
9788545656
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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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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/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
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
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IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt054000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt074000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01137147
IRS990/TotalAssetsGrp/BOYAmt01251323
IRS990/TotalAssetsGrp/EOYAmt01137147
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt069361
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057061
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt084565
IRS990/TotalFunctionalExpensesGrp/TotalAmt0141626
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06300
IRS990/TotalLiabilitiesEOYAmt06750
IRS990/TotalLiabilitiesGrp/BOYAmt06300
IRS990/TotalLiabilitiesGrp/EOYAmt06750
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01245023
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01130397
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt084565
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-42361
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt027000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01137147
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01191023
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01056397
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0194 Somerset Avenue - Apt 2
IRS990/USAddress/CityNm0Winthrop
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002152
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IRS990/VotingMembersIndependentCnt07
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IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEREMY HMURA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07814171103
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Agganis Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0AGGA
ReturnHeader/Filer/EIN0202059030
ReturnHeader/Filer/PhoneNum07815937311
ReturnHeader/Filer/USAddress/AddressLine1Txt037 Waterhill Street
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05A4C3DE7CF2DBE00D415E3469EE64C7E86E3CEFB
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.92.30.233
ReturnHeader/FilingSecurityInformation/IPDt02019-07-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm014:03:49
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042934388
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Neal A Price & Company LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0194 Newbury Street - Suite 6
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Peabody
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001960
ReturnHeader/PreparerPersonGrp/PhoneNum09788545656
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick C Price CPA
ReturnHeader/ReturnTs02019-08-01T10:01:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,137,147
Liabilities
$6,750
Net assets
$1,130,397
Revenue
$27,000
Expenses
$141,626
Net income
-$114,626
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