Bagan Foundation
- Assets
- $492.1k
- Revenue
- $7.5k
- Investments
- $462.6k
- Employees
- 0
- Location
- Concord, NH
- Founding
- 08/1999
- Data as of
- 12/2023
- 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 12/2023, Bagan Foundation generated $7.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $39.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bagan Foundation has awarded 82 individual grants totaling $184,850. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT FINANCIALLY, CHARITABLE ORGANIZATIONS PRIMARILY LOCAL TO CONCORD, NH AND SURROUNDING COMMUNITIES. IN 2023, THE BAGAN FOUNDATION SUPPORTED 13 ORGANIZATIONS WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merwyn Bagan President/treasurer/trustee | 1 | $0 | |
Karin A Bagan Vice President/trustee | 1 | $0 | |
Carol J Bagan Secretary/trustee | 2 | $0 | |
Seth C Bagan Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $219 |
| Dividends & Interest | $7,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $49,334 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,531 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,483 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $39,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,510 |
| 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 | $492,133 |
| 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 $33,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF CENTRAL NH PURPOSE: SUPPORT OF THE ART DEPARTMENT AND GENERAL OPERATIONS | $4,000 |
COMMUNITY PLAYERS OF CONCORD NH PURPOSE: SUPPORT CAPITAL CAMPAIGN AND ANNUAL FUND | $9,600 |
CONCORD COMMUNITY CONCERT ASSOCIATION PURPOSE: SUPPORT OF MISSION | $3,000 |
CONCORD PUBLIC LIBRARY FOUNDATION PURPOSE: SUPPORT OF THE CHILDREN'S ROOM MULTI-CULTURAL COLLECTION | $1,000 |
CONCORD TV PURPOSE: GENERAL SUPPORT | $4,000 |
FRIENDS OF THE AUDI PURPOSE: SUPPORT OF MISSION | $400 |