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Nonprofit · EIN 27-0960868

TUGG CORP

Tax-exempt · BOSTON, MA 02118

Financials

$178K$190K2023$195K$204K2024
Revenue Expenses · by fiscal year end
Financials of TUGG CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$195,000$204,188-$9,188$9,736$13,091-$3,355
December 31, 2023990$178,000$189,963-$11,963$11,351$5,518$5,833
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$195,000
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$172,998
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,500
Program services (functional)
$194,608
Management and general (functional)
$9,580

Balance sheet and other

Total assets, start of year
$11,351
Total assets, end of year
$9,736
Total liabilities, end of year
$13,091
Net assets, end of year
-$3,355
Net assets without donor restrictions
-$3,355
Gross receipts
$195,000
Employees
0
Volunteers
8
Year formed
2009
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
JEFF FAGNANPRESIDENT
Trustee or director, Officer
10$0
ZOE ANATAKISTREASURER
Trustee or director, Officer
2$0
SARAH DOWNEYSECRETARY
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
SARAH DOWNEYSECRETARY
Trustee or director, Officer
2$0
ZOE ANETAKISTREASURER
Trustee or director, Officer
2$0
JEFF FAGNANPRESIDENT
Trustee or director, Officer
10$0

Address and contacts

Address (IRS master file)
56 WAREHAM STREET 3RD FLOOR, BOSTON, MA 02118-3569
In care of
% DANA SAMUELS
Principal officer (990 for 2024)
Jeff Fagnan, 56 Wareham Street, 3rd Floor, Boston, MA 02118
Signed the 990
Jeff Fagnan, President
Phone
(617) 588-2600
Return prepared by
April Israel Consulting

Mission

INNOVATIVE FUNDING AROUND ENTREPRENEURSHIP, EDUCATION, AND LIFE EXPERIENCES

990 for the year ended December 31, 2024

Program accomplishments

  • In 2024, TUGG continued its focus on direct giving through TINT. TINT provides individuals $25,000, paid out monthly over the course of 2 years, as well as a coach from Boston's founder and tech community. In total, TUGG funded $172,998 in scholarships across 14 participants and provided total giving to individuals of $186,496. TINT scholarships and funds are used by recipients to support living expenses while recipients pursue educational, entrepreneurial, or other life experiences.
    Expenses $194,608 · grants $172,998

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
27-0960868
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2009
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$9,736
Income (IRS master file)
$195,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$195,000$204,188$9,736XML
990December 2023$178,000$189,963$11,351XML
990December 2022$93,951$162,584$20,539IRS
990December 2021–––IRS
990December 2020–––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 27-0960868).

Questions about TUGG CORP

What is the EIN of TUGG CORP?
The employer identification number (EIN) of TUGG CORP is 27-0960868.
Is TUGG CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to TUGG CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TUGG CORP 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 TUGG CORP 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 TUGG CORP 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 TUGG CORP?
The 990 for the year ended December 31, 2024 names Jeff Fagnan.
Who are the officers and directors of TUGG CORP?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does TUGG CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $195,000, expenses of $204,188 and total assets of $9,736 at year end.

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