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Nonprofit · EIN 20-2059030

AGGANIS FOUNDATION INC

Tax-exempt · LYNN, MA 01905

Financials

$447K$155K2023$348K$149K2024
Revenue Expenses · by fiscal year end
Financials of AGGANIS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$348,073$149,286$198,787$1,869,839$7,000$1,862,839
December 31, 2023990$447,023$154,688$292,335$1,683,552$3,500$1,680,052
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$70,000
Program service revenue
$0
Investment income
$44,083
Other revenue
$233,990

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$7,000
Program services (functional)
$137,263
Management and general (functional)
$12,023

Balance sheet and other

Total assets, start of year
$1,683,552
Total assets, end of year
$1,869,839
Total liabilities, end of year
$7,000
Net assets, end of year
$1,862,839
Publicly traded securities
$1,748,685
Net assets without donor restrictions
$1,764,839
Net assets with donor restrictions
$98,000
Gross receipts
$348,073
Employees
0
Year formed
2004
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
GREGORY J AGGANISCHAIRMAN
Trustee or director, Officer
–$0
REBAKAH A BENOWICZDIRECTOR
Trustee or director
–$0
ANDREW T DEMAKESPRESIDENT
Trustee or director, Officer
–$0
THOMAS C DEMAKISCLERK
Trustee or director, Officer
–$0
JEREMY P HMURATREASURER &
Trustee or director, Officer
–$0
THOMAS P IARROBINODIRECTOR
Trustee or director
–$0
JOHN KEENANDIRECTOR
Trustee or director
–$0
PETER C PEDRODIRECTOR
Trustee or director
–$0
HANNAH SHAIEVITZDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
GREGORY J AGGANISCHAIRMAN
Trustee or director, Officer
–$0
REBAKAH A BENOWICZDIRECTOR
Trustee or director
–$0
ANDREW T DEMAKESPRESIDENT
Trustee or director, Officer
–$0
THOMAS C DEMAKISCLERK
Trustee or director, Officer
–$0
JEREMY P HMURATREASURER &
Trustee or director, Officer
–$0
THOMAS P IARROBINODIRECTOR
Trustee or director
–$0
JOHN KEENANDIRECTOR
Trustee or director
–$0
PETER C PEDRODIRECTOR
Trustee or director
–$0
HANNAH SHAIEVITZDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
37 WATERHILL ST, LYNN, MA 01905-2134
In care of
% MICHAEL SHANAHAN
Principal officer (990 for 2024)
ANDREW T DEMAKES, 20 ROWES WHARF UNIT 704, BOSTON, MA 02110
Signed the 990
JEREMY P HMURA, TREASURER & CLERK
Phone
(781) 593-7311
Return prepared by
NEAL A PRICE & COMPANY

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS TO DESEVING STUDENT ATHLETES

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE SCHOLARSHIPS TO GRADUATING SENIORS WHO ATTEND A HIGH SCHOOL IN EASTERN MASSACHUSETTS
    Expenses $122,330
  • TO PROVIDE SCHOLARSHIPS TO GRADUATING SENIORS WHO ATTEND A HIGH SCHOOL IN
    Expenses $14,933

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-2059030
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2005
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$1,869,839
Income (IRS master file)
$348,073

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$348,073$149,286$1,869,839XML
990December 2023$447,023$154,688$1,683,552XML
990December 2022$265,924$513,404$1,391,216IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2059030).

Questions about AGGANIS FOUNDATION INC

What is the EIN of AGGANIS FOUNDATION INC?
The employer identification number (EIN) of AGGANIS FOUNDATION INC is 20-2059030.
Is AGGANIS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to AGGANIS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AGGANIS FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AGGANIS FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AGGANIS FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AGGANIS FOUNDATION INC?
The 990 for the year ended December 31, 2024 names ANDREW T DEMAKES.
Who are the officers and directors of AGGANIS FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does AGGANIS FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $348,073, expenses of $149,286 and total assets of $1,869,839 at year end.

Other nonprofits in LYNN

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