Bagan Foundation
- Assets
- $493.9k
- Revenue
- $7.1k
- Investments
- $487.5k
- Employees
- 0
- Location
- Concord, NH
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 02-6115326
Organization Overview
Bagan Foundation is located in Concord, NH. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bagan Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bagan Foundation generated $7.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.7%) each year. All expenses for the organization totaled $48.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bagan Foundation has awarded 87 individual grants totaling $201,850. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT FINANCIALLY, CHARITABLE ORGANIZATIONS PRIMARILY LOCAL TO CONCORD, NH AND SURROUNDING COMMUNITIES. IN 2022, THE BAGAN FOUNDATION SUPPORTED 19 ORGANIZATIONS WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karin A Bagan Vice President/trustee | 1 | $0 | |
Merwyn Bagan President/treasurer/trustee | 1 | $0 | |
Seth C Bagan Trustee | 0.25 | $0 | |
Carol J Bagan Secretary/trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38 |
| Dividends & Interest | $9,361 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,250 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,064 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,665 |
| Contributions, gifts, grants paid | $39,100 |
| Total expenses and disbursements | $48,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,409 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $493,897 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bagan Foundation has awarded $39,100 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY PLAYERS OF CONCORD NH PURPOSE: SUPPORT CAPITAL CAMPAIGN AND ANNUAL FUND | $9,600 |
NEW HAMPSHIRE PRESERVATION ALLIANCE PURPOSE: GENERAL SUPPORT | $4,000 |
BOYS & GIRLS CLUBS OF CENTRAL NH PURPOSE: SUPPORT OF THE ART DEPARTMENT AND GENERAL OPERATIONS | $4,000 |
CONCORD COMMUNITY CONCERT ASSOCIATION PURPOSE: SUPPORT OF MISSION | $3,000 |
CONCORD TV PURPOSE: GENERAL SUPPORT | $3,000 |
Concord, NH PURPOSE: SUPPORT OF THE CHILDREN'S ROOM MULTI-CULTURAL COLLECTION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Arbella Insurance Foundation Inc Boston, MA | $24,058,916 | $7,386,813 |
Gordon Family Foundation Boston, MA | $69,748,192 | $26,669,267 |
Rx Foundation Hadley, MA | $50,754,617 | $6,084,053 |
New England Patriots Charitable Foundation Inc Foxboro, MA | $3,485,294 | $4,177,476 |
Analog Devices Foundation Boston, MA | $30,375,749 | $1,239,762 |
Hastings Family Foundation Inc Boston, MA | $805,455 | $1,002,105 |
Akamai Foundation Inc Cambridge, MA | $72,228,611 | $6,921,101 |
Noubar & Anna Afeyan Foundation Cambridge, MA | $1,541,020 | $607,640 |
Alexion Foundation Inc Boston, MA | $11,836,785 | $2,000,000 |
Invest In Others Charitablefoundation Inc Andover, MA | $3,303,962 | $2,262,869 |
Boston Globe Foundation Inc Boston, MA | $3,270,015 | $1,969,338 |