Civic Intelligence

Agganis Foundation Inc.

990 • Fiscal year 2017 • EIN 20-2059030

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 17, 2019

Organization Profilewww.agganisfoundation.com
2 Arthur AvenueMarblehead, MA 01945

(781) 581-4214

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.01x

Higher debt load relative to assets than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

93rd percentile

57%

Higher net margin than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

77th percentile

16%

Faster asset growth than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

191%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$1,251,323

Up $171,621 (+16%) from 2016

Net Assets

Up

$1,245,023

Up $171,621 (+16%) from 2016

Liabilities

Flat

$6,300

Flat from 2016

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin93rd percentile

Revenue

Up

$289,057

Up $189,626 (+191%) from 2016

Expenses

Up

$125,436

Up $9,482 (+8.2%) from 2016

Net Income

Up

$163,621

Up $180,144 (+1090%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2017

Assets$1,251,323
Liabilities$6,300
Net Assets$1,245,023
Open 2017 Filing

Operations Trend

Revenue Growth96th 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

2017

Revenue$289,057
Expenses$125,436
Net Income$163,621
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 17, 2019
Return Version
2017v2.3
Gross Receipts
$289,057
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$861,384$1,014,993▲ $153,609
Investments Other Securities$208,958$229,947▲ $20,989
Cash and Non-Interest-Bearing Accounts$9,360$6,383▼ $2,977
Total Assets$1,079,702$1,251,323▲ $171,621
Liabilities
Accounts Payable and Accrued Expenses$6,300$6,300→ $0
Total Liabilities$6,300$6,300→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,073,402$1,191,023▲ $117,621
Temporarily Rstr Net Assets-$54,000-
Total Net Assets Fund Balance$1,073,402$1,245,023▲ $171,621
Total Liabilities and Net Assets / Fund Balance$1,079,702$1,251,323▲ $171,621

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$56,235--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$79,311
Program Service Revenue
$0
Investment Income
$23,259
Other Revenue
$186,487
All Other Contributions
$79,311
Change in Net Assets
$163,621

Audited Revenue Reconciliation

Revenue per Audited Statements
$289,057
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$289,057
Total Revenue per Form 990
$289,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$125,436
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
Fees for Services Accounting-$6,300-$6,300
All Other Expenses-$4,841-$4,841
Other Expenses$4,784$10,133-$4,784
Office Expenses-$378-$378
Total Functional Expenses$79,784$45,652$0$125,436

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Total Expenses per 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
7815814214
Address
2 Arthur Avenue, Marblehead, MA 01945

Signing Officer

Name
Michael H Shanahan
Title
Treasurer
Phone
7815937311
Signed
2019-07-17
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

Firm
Neal A Price & Company LLP
Address
194 Newbury Street - Suite 6, Peabody, MA 01960
Preparer
Patrick C Price CPA
Phone
9788545656
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Prior Period Adjustment 8,000.”

Raw XML Appendix363 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06300
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06300
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To 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.
IRS990/AllOtherContributionsAmt079311
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04841
IRS990/AllOtherExpensesGrp/TotalAmt04841
IRS990/AmendedReturnInd0X
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Michael H Shanahan
IRS990/BooksInCareOfDetail/PhoneNum06176952600
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02 Arthur Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Marblehead
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001945
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt09360
IRS990/CashNonInterestBearingGrp/EOYAmt06383
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt079311
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt023259
IRS990/CYOtherExpensesAmt0125436
IRS990/CYOtherRevenueAmt0186487
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0163621
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0125436
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0289057
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0To Provide Scholarships to graduating seniors who attend a high school in, or reside in cities and towns in eastern Massachusetts.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt075000
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06300
IRS990/FeesForServicesAccountingGrp/TotalAmt06300
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Edward M Grant
IRS990/Form990PartVIISectionAGrp/PersonNm1Michael H Shanahan
IRS990/Form990PartVIISectionAGrp/PersonNm2Thomas C Demakis
IRS990/Form990PartVIISectionAGrp/PersonNm3Stephen L Smith
IRS990/Form990PartVIISectionAGrp/PersonNm4Thomas Iarrobino
IRS990/Form990PartVIISectionAGrp/PersonNm5Matin C Goldman Esq
IRS990/Form990PartVIISectionAGrp/PersonNm6Thomas L Demakes
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Clerk
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0289057
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt023259
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023259
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0208958
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0229947
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0861384
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01014993
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide college scholarships to deserving student athletes
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01073402
IRS990/NetAssetsOrFundBalancesEOYAmt01245023
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0378
IRS990/OfficeExpensesGrp/TotalAmt0378
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt08000
IRS990/OtherExpensesGrp/Desc0Scholarships
IRS990/OtherExpensesGrp/Desc1Consulting
IRS990/OtherExpensesGrp/Desc2Trust Fees & Taxes
IRS990/OtherExpensesGrp/Desc3Awards
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt024000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110133
IRS990/OtherExpensesGrp/ProgramServicesAmt075000
IRS990/OtherExpensesGrp/ProgramServicesAmt14784
IRS990/OtherExpensesGrp/TotalAmt075000
IRS990/OtherExpensesGrp/TotalAmt124000
IRS990/OtherExpensesGrp/TotalAmt210133
IRS990/OtherExpensesGrp/TotalAmt34784
IRS990/OtherRevenueMiscGrp/BusinessCd0900001
IRS990/OtherRevenueMiscGrp/BusinessCd1711210
IRS990/OtherRevenueMiscGrp/Desc0Gain on Investments
IRS990/OtherRevenueMiscGrp/Desc1Sporting Events
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0181489
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt14998
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0181489
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14998
IRS990/OtherRevenueTotalAmt0186487
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Michael H Shanahan
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Other Program Services
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04784
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt018000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022777
IRS990/PYOtherExpensesAmt0115954
IRS990/PYOtherRevenueAmt058654
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-16523
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0115954
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt099431
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0163621
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt049311
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt018000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt055771
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt028873
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0137560
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0289515
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0204748
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt070546
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06412
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt065204
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0224632
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0571542
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt042108
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.33620
IRS990ScheduleA/PublicSupportPY170Pct00.37520
IRS990ScheduleA/PublicSupportTotal170Amt0289515
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt049311
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt018000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt055771
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt028873
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0137560
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0289515
IRS990ScheduleA/TotalSupportAmt0861057
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0173712
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt156235
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Fixed Income Securities
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Cash and Equivalents
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0289057
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0229947
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0289057
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0289057
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt00
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/ExplanationTxt4Prior Period Adjustment 8,000.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt054000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01079702
IRS990/TotalAssetsEOYAmt01251323
IRS990/TotalAssetsGrp/BOYAmt01079702
IRS990/TotalAssetsGrp/EOYAmt01251323
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt079311
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045652
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt079784
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125436
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06300
IRS990/TotalLiabilitiesEOYAmt06300
IRS990/TotalLiabilitiesGrp/BOYAmt06300
IRS990/TotalLiabilitiesGrp/EOYAmt06300
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01073402
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01245023
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt079784
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0209746
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0289057
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01079702
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01251323
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01073402
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01191023
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 Arthur Avenue
IRS990/USAddress/CityNm0Marblehead
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001945
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.agganisfoundation.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael H Shanahan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07815937311
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Agganis Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0AGGA
ReturnHeader/Filer/EIN0202059030
ReturnHeader/Filer/PhoneNum07815814214
ReturnHeader/Filer/USAddress/AddressLine1Txt02 Arthur Avenue
ReturnHeader/Filer/USAddress/CityNm0Marblehead
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001945
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05A4C3DE7CF2DBE00D415E3469EE64C7E86E3CEFB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05A4C3DE7CF2DBE00D415E3469EE64C7E86E3CEFB
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId00438172018254032fe18
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-09-11
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.92.30.233
ReturnHeader/FilingSecurityInformation/IPDt02019-07-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:45:45
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/PreparationDt02019-07-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick C Price CPA
ReturnHeader/ReturnTs02019-08-01T10:00:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,251,323
Liabilities
$6,300
Net assets
$1,245,023
Revenue
$289,057
Expenses
$125,436
Net income
$163,621
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