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Agganis Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202059030 ✦ Lynn, MA ✦ Designated as a 501(c)(3)

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Overview

What is Agganis Foundation Inc?

Agganis Foundation Inc, situated in Lynn, Massachusetts, is a nonprofit organization that specializes in granting scholarships. Specifically, they award college scholarships to deserving student athletes who have graduated from high schools located in Eastern Massachusetts. Their mission is deeply rooted in supporting the educational aspirations of these talented individuals, fostering their academic and athletic growth. The Foundation operates with a focus on this particular demographic, demonstrating a commitment to nurturing the potential of its local community.


Official website here: www.agganisfoundation.com

Is Agganis Foundation Inc legitimate?

Agganis Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agganis Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.agganisfoundation.com

What is the mission statement of Agganis Foundation Inc?

The Agganis Foundation Inc's mission is centered around providing educational opportunities. Specifically, it offers college scholarships to deserving student-athletes who attend high schools in Eastern Massachusetts. The foundation's goal is to support these individuals, helping them pursue higher education and potentially realize their full potential. The scholarships provided by the foundation aim to alleviate financial burdens, making it easier for these student-athletes to focus on their studies and athletic pursuits. The foundation's activities are primarily focused on this scholarship program, aiming to make a significant impact in the lives of these promising individuals.


Official website here: www.agganisfoundation.com

Who is the CEO of Agganis Foundation Inc?

Andrew T Demakes is the President of Agganis Foundation Inc.


Official website here: www.agganisfoundation.com

What is the revenue of Agganis Foundation Inc?

Agganis Foundation Inc's revenue in 2022 was $265,924.


Official website here: www.agganisfoundation.com

Who are the executives of Agganis Foundation Inc and what are their salaries?


Here are 8 key members and their salaries:


Gregory J Agganis (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebakah A Benowicz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew T Demakes (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy P Hmura (Treasurer &)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas P Iarrobino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Keenan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter C Pedro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hannah Shaievitz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.agganisfoundation.com

Where can I find the form 990 for Agganis Foundation Inc?

Agganis Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.agganisfoundation.com

Learn more at the official website: www.agganisfoundation.com

Mission Statement of Agganis Foundation Inc

Agganis Foundation Inc, a renowned nonprofit organization, is dedicated to providing college scholarships to deserving student-athletes. Their primary mission is to support graduating seniors who attend high schools within Eastern Massachusetts. By offering these scholarships, the foundation aims to provide educational opportunities to talented athletes who may otherwise face financial constraints. The scholarships not only cover tuition fees but also contribute to the overall development of these individuals, enabling them to pursue their academic and athletic aspirations. By doing so, Agganis Foundation Inc plays a crucial role in nurturing the next generation of leaders and athletes, fostering a culture of excellence and perseverance.

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Impact




October, 2024

Agganis Foundation Inc significantly impacts the community by providing college scholarships to deserving student athletes in Eastern Massachusetts. By focusing on graduating seniors from local high schools, the foundation empowers students who excel in sports to pursue higher education, alleviating financial burdens and making college more accessible. This support not only helps individuals achieve their academic and athletic aspirations but also fosters a culture of scholarship and perseverance in the region, inspiring future generations of student athletes. Through its mission, the foundation enhances educational opportunities and encourages a well-rounded development for youth, contributing to the overall growth of the community.




This information is meant to be a general summary of Agganis Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$265,924 (2022)
Expenses
$513,404 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $24,862
  • Gross Receipts: $265,924

Assets and Liabilities:

  • Total Assets: $1,391,216
  • Total Liabilities: $3,499
  • Net Assets: $1,387,717

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Organization Details

Founding Year

2004

Principal Officer

Andrew T Demakes

Main Address

37 WATERHILL STREET, LYNN, MA, 01905

NTEE Category

Code: B82 - Education

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