Bagly Inc
- Assets
- $1.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 28
- Location
- Boston, MA
- Founding
- 01/1984
- Data as of
- 06/2022
- EIN
- 04-2785336
Organization Overview
Bagly Inc is located in Boston, MA. The organization was established in 1984. According to its NTEE Classification (R01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2022, Bagly Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bagly Inc 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 06/2022, Bagly Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 8.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE, SUSTAIN, AND ADVOCATE FOR PROGRAMS, POLICIES, AND SERVICES FOR THE LGBTQ+ COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIORITY POPULATIONS INCLUDE LGBTQ+ YOUTH OF COLOR, TRANSGENDER YOUTH AND HOMELESS/LOW-INCOME YOUTH. THE ORGANIZATION'S BOSTON-BASED PROGRAMS INCLUDE SOCIAL SUPPORT, YOUTH LEADERSHIP DEVELOPMENT AND HEALTH PROMOTION PROGRAMMING, AS WELL AS ITS NEW COMPREHENSIVE HEALTH SERVICES CLINIC. THE ORGANIZATION ALSO MANAGES AND FUNDS THE LGBTQ+ YOUTH GROUP NETWORK OF MASSACHUSETTS, A NETWORK OF OVER 15 COMMUNITY-BASED LGBTQ+ YOUTH GROUPS THROUGHOUT THE COMMONWEALTH OF MASSACHUSETTS.THE ORGANIZATION OFFERS CULTURALLY COMPETENT RESOURCES AND REFERRALS FOR YOUTH IN NEED OF SERVICES NOT PROVIDED BY THE ORGANIZATION, AS WELL AS TRAINING AND TECHNICAL ASSISTANCE FOR PARENTS AND YOUTH-SERVING PROFESSIONALS AND ORGANIZATIONS. THE ORGANIZATION CONDUCTS LOCAL AND NATIONAL COMMUNITY EDUCATION, PUBLIC POLICY WORK AND ADVOCACY ON THE ISSUES FACING LGBTQ+ YOUTH, AND ALSO ENGAGES IN ONGOING EVALUATION AND RESEARCH ACTIVITIES IN ORDER TO ENSURE THAT IT IS BEST ADDRESSING THE CURRENT AND EMERGING NEEDS OF THE LGBTQ+ YOUTH COMMUNITY.THE ORGANIZATION IS NOW THE OLDEST AND LARGEST LGBTQ+ YOUTH ORGANIZATION IN NEW ENGLAND, AND ONE OF THE LONGEST STANDING IN THE NATION. THE ORGANIZATION IS A NATIONALLY KNOWN MODEL FOR LGBTQ+ YOUTH LEADERSHIP, PROGRAMS, SERVICES AND ADVOCACY, AND THE ORGANIZATION AND ITS STAFF, BOARD MEMBERS AND YOUTH LEADERS HAVE BEEN THE RECIPIENTS OF NUMEROUS LOCAL AND NATIONAL AWARDS FOR OUTSTANDING ACHIEVEMENT AND EXCELLENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Minahan President | OfficerTrustee | 0.5 | $0 |
Bradley J Ursillo Treasurer | OfficerTrustee | 0.5 | $0 |
Karen Young Clerk | OfficerTrustee | 0.5 | $0 |
Christopher Gayton Director | Trustee | 0.5 | $0 |
Matthew Martin Director | Trustee | 0.5 | $0 |
Kevin Powers Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,275 |
| Related organizations | $0 |
| Government grants | $1,132,692 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,434,722 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,584,689 |
| Total Program Service Revenue | $17,849 |
| Investment income | $315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,689 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,593,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $249,342 |
| Compensation of current officers, directors, key employees. | $91,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,168 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,275 |
| Payroll taxes | $76,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,646 |
| Fees for services: Accounting | $26,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $440,519 |
| Advertising and promotion | $37,846 |
| Office expenses | $43,527 |
| Information technology | $21,776 |
| Royalties | $0 |
| Occupancy | $261,958 |
| Travel | $9,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,187 |
| Insurance | $13,466 |
| All other expenses | $709 |
| Total functional expenses | $2,247,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $744,386 |
| Savings and temporary cash investments | $603,246 |
| Pledges and grants receivable | $6,625 |
| Accounts receivable, net | $335,303 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,303 |
| Net Land, buildings, and equipment | $15,090 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,727,953 |
| Accounts payable and accrued expenses | $211,211 |
| Grants payable | $0 |
| Deferred revenue | $158,772 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $369,983 |
| Net assets without donor restrictions | $861,767 |
| Net assets with donor restrictions | $496,203 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,727,953 |