Andre Agassi Foundation For Education
- Assets
- $0.0
- Revenue
- $4.6m
- Investments
- $101.2m
- Employees
- 1
- Location
- Las Vegas, NV
- Founding
- 03/1994
- Data as of
- 12/2020
- 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 12/2020, Andre Agassi Foundation For Education generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $5.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Andre Agassi Foundation For Education has awarded 128 individual grants totaling $28,930,425. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ORGANIZATION PROVIDING SUPPORT FOR UNDERSERVED YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 | $159,280 | |
Shawn Cable CFO | 30 | $105,000 | |
Steve Miller CEO | 20 | $97,500 | |
Andre Agassi Chairman & Founder | 1 | $0 | |
Stephanie Hightower Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emcor Services Nevada | 12/30/21 | $93,881 |
Bank Of America Na | 12/30/21 | $590,000 |
Cfc | 12/30/21 | $100,080 |
Accurate Building Maintenance | 12/30/21 | $271,195 |
Os Construction Services Inc | 12/30/21 | $202,193 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,898 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,017,996 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,007 |
| Total Revenue | $4,556,669 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $253,139 |
| Pension plans, employee benefits | $94,553 |
| Depreciation | $1,854,966 |
| Occupancy | $31,292 |
| Travel, conferences, and meetings | $1,163 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $3,481,339 |
| Contributions, gifts, grants paid | $2,415,750 |
| Total expenses and disbursements | $5,897,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,863,558 |
| Investments—mortgage loans | $0 |
| Investments—other | $42,660,323 |
| Other assets | $0 |
| Mortgages and other notes payable | $13,072,645 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Andre Agassi Foundation For Education has awarded $7,708,925 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
CLARK COUNTY SCHOOL DISTRICT PURPOSE: DONATION OF 10,500 CHROMEBOOKS FOR REMOTE LEARNING. | $3,490,125 |
Las Vegas, NV PURPOSE: DONATION TO SUPPORT LOCAL CHARITY THAT SUPPORTS CLEVELAND CLINIC. | $1,500,000 |
CURE 4 THE KIDS PURPOSE: DONATION TO EQUIP VIRTUAL EDUCATION CLASSROOM FOR CHILDREN WITH CANCER. | $326,400 |
OPPORUNITY 180 PURPOSE: DONATION TO SUPPORT OPERATIONS FOR K-12 ADVOCACY PROGRAM IN SOUTHERN NEVADA. | $300,000 |
Las Vegas, NV PURPOSE: DONATION TO LOCAL CHARITY TO BRING STEM COURSES ONLINE IN SOUTHERN NEVADA. | $250,000 |
BOYS & GIRLS CLUBS OF LAS VEGAS PURPOSE: DONATION TO BUILD CAPITAL RESERVE FOR AGASSI CLUB IN SOUTHERN NEVADA. | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Andre Agassi Foundation For Education has recieved totaling $5,200.
| Awarding Organization | Amount |
|---|---|
Mgm Resorts Foundation Las Vegas, NV | | $5,200 |
Endowment Analysis
| Beg. Balance | $217,629 |
| Earnings | $4,027 |
| Ending Balance | $221,656 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connections For Children Los Angeles, CA | $5,706,672 | $17,856,000 |
Andre Agassi Foundation For Education Las Vegas, NV | $0 | $4,556,669 |
Give Foundation Inc San Ramon, CA | $1,969,969 | $6,365,331 |
Humangood Foundation West Duarte, CA | $80,965,021 | $8,515,405 |
Southeastern Arizona Community Action Program Inc Safford, AZ | $455,386 | $2,811,093 |
Leoa Foundation Loomis, CA | $6,988 | $2,417,315 |
Stater Bros Charities San Bernardino, CA | $4,078,783 | $4,166,835 |
Another Round Another Rally Phoenix, AZ | $1,059,733 | $1,710,638 |
Foster Family Charitable Foundation Stockton, CA | $29,209,891 | $2,797,877 |
Southern Oregon Friends Of Hospice Medford, OR | $5,540,085 | $3,156,686 |
Phoenix Suns Charities Inc Phoenix, AZ | $1,755,436 | $2,395,370 |
Vivint Gives Back Provo, UT | $1,105,796 | $2,149,372 |