Andre Agassi Foundation For Education
- Assets
- $116.4m
- Revenue
- $6.3m
- Investments
- $86.8m
- Employees
- 1
- Location
- Las Vegas, NV
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 34-1759295
Organization Overview
Andre Agassi Foundation For Education is located in Las Vegas, NV. The organization was established in 1994. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Andre Agassi Foundation For Education 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, Andre Agassi Foundation For Education generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $7.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Andre Agassi Foundation For Education has awarded 173 individual grants totaling $32,911,425. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ORGANIZATION PROVIDING SUPPORT FOR UNDERSERVED YOUTH.
Describe the Organization's Program Activity:
THE ANDRE AGASSI FOUNDATION FOR EDUCATION PROVIDES FUNDS TO AGASSI PREP TO HELP CLOSE THE GAP BETWEEN THE LOW LEVEL OF FUNDING THE STATE OF NEVADA PROVIDES AND THE APPROPRIATE LEVEL OF FUNDING THAT IS REQUIRED TO DELIVER A QUALITY EDUCATION. BY APPLYING PASSION AND DISCIPLINE TO OUR WORK, WE CREATE AN ENVIRONMENT IN WHICH CHILDREN CAN EXCEL. THROUGH OUR SIGNATURE PROJECT, THE DEMOCRACY PREP AT THE AGASSI CAMPUS, AN INDEPENDENT PUBLIC CHARTER SCHOOL, WE ARE PROVIDING A QUALITY EDUCATION TO STUDENTS IN GRADES K TO 12. THE FOUNDATION PROVIDES THE INSTRUCTIONAL FACILITY FOR AGASSI PREP TO OPERATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Pippenger COO | 40 | $194,966 | |
Shawn Cable CFO | 30 | $158,840 | |
Stephanie Hightower Trustee | 1 | $0 | |
Andre Agassi Chairman & Founder | 1 | $0 | |
Steve Miller CEO | 20 | $0 | |
Kevin Mason Maintenance | 40 | $100,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accurate Building Maintenance | 12/30/22 | $313,459 |
Emcor Services Nevada | 12/30/22 | $136,087 |
Cliftonlarsonallen Llp | 12/30/22 | $65,210 |
Cft Nv Developments Llc | 12/30/22 | $108,825 |
Gatski Commercial Building | 12/30/22 | $51,175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,949 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,739,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,155,075 |
| Capital Gain Net Income | $2,007,998 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $375,822 |
| Total Revenue | $6,271,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $371,624 |
| Other employee salaries and wages | $346,347 |
| Pension plans, employee benefits | $119,671 |
| Interest | $265,647 |
| Taxes | $162,803 |
| Depreciation | $1,957,720 |
| Occupancy | $356,363 |
| Travel, conferences, and meetings | $2,438 |
| Printing and publications | $0 |
| Other expenses | $94,401 |
| Total operating and administrative expenses | $4,488,001 |
| Contributions, gifts, grants paid | $3,220,988 |
| Total expenses and disbursements | $7,708,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,270,589 |
| Savings and temporary cash investments | $7,773,757 |
| Net Accounts receivable | $83,225 |
| 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 | $8,611 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,737,500 |
| Net Land, buildings, and equipment | $18,211,598 |
| Other assets | $250,405 |
| Total assets | $116,426,471 |
| Accounts payable and accrued expenses | $235,818 |
| Grants payable | $809,749 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $11,460,159 |
| Other liabilities | $564,391 |
| Total liabilities | $13,070,117 |
Grants Awarded
Over the last fiscal year, Andre Agassi Foundation For Education has awarded $3,981,000 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
318 FOUNDATION INC PURPOSE: DONATION TO DEVELOP ACECS CURRICULM. | $62,500 |
ATHLETES FOR HOPE PURPOSE: DONATION FOR 2022 FUNDRAISER. | $5,000 |
BOYS & GIRLS CLUBS OF LAS VEGAS PURPOSE: SUPPORT FOR ANNUAL FUNDRAISING EVENT FOR SOUTHERN NEVADA CHAPTER. | $5,000 |
BOYS & GIRLS CLUBS OF LAS VEGAS PURPOSE: DONATION TO BUILD CAPITAL RESERVE FOR AGASSI CLUB IN SOUTHERN NEVADA. | $250,000 |
CALIFORNIA POLYTECHNIC STATE UNIVERSITY FOUNDATION PURPOSE: ANNUAL DONATION FOR SCHOLARSHIP PROGRAM FOR UNDERSERVED COLLEGE FRESHAMN. | $100,000 |
CENTRAL CHRISTIAN CHURCH PURPOSE: DONATION TO PROVIDE FUNDING FOR 2022 SUMMER CAMP. | $25,000 |