Bagly INC FY2024 filing

Tax-deductible

Boston, MA501(c)(3)Since 1984EIN 04-2785336Revenue $3.2M in FY2024

On file with the IRSbagly.org28 Court Sq, 02108-2504 · Boston, MATax-exempt since Jan 1984Publicly supported charity — 170(b)(1)(A)(vi)

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The organization is a youth led, adult-supported organization committed to social justice, by creating, sustaining and advocating for programs, policies and services for the lesbian, gay, bisexual and transgender (lgbtq+) youth community.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$168K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $193K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$168K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $26K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
+5% vs prior year
Spent
$3.0M
To programs
79%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$3.2M
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$2.6M
FY2023$3.0M
FY2024$3.2M
FY2024$3.7M
Expenses
$3.0M
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022$2.2M
FY2023$3.1M
FY2024$3.0M
FY2024$3.3M
Net assets
$1.5M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$708K
FY2021$1.0M
FY2022$1.4M
FY2023$1.3M
FY2024$1.5M
FY2024$1.9M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $2.4M Management & general 14% · $409K Fundraising 7% · $201K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $168K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$162,968Pt VII · Sec A
Director (outgoing)
$5,440Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (outgoing)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Grace Sterling Stowell$157,399$162,968$158,773$146,447$118,640$110,245
Chris Valdez———$35,191——
Hazel Campbell———$5,895$300—
L Austin-Spooner—$5,440————
Kayla Shanks————$4,703—
Leo Austin-Spooner———$4,140$4,395—
Thomas Morningstar——$2,850———
Grace Wang——$2,490———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports LGBTQ+ youth through programs, policies, and services.

Provided by the organization

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1 program · $2.4M · in their own filed words · FY2023
01

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.

$2.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$26K
See all 3 funders →
Grants paid · 2 grants · $250K · 2022–2023
Breaktime United INCMA · FY2023$125,000
Breaktime United INCMA · FY2022$125,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$3.1M
Fees for servicesLn 2g$26K
Investment incomeLn 3$23K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.4M
Managementcol C$409K
Fundraisingcol D$201K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$4.3M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.1M
Government grantsLn 1e$1.3M
Fundraising eventsLn 1c$102K
Fees for servicesLn 2g$26K
Investment incomeLn 3$23K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$649K
SavingsLn 2$756K
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$4.3M
LiabilitiesLn 26$2.8M
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 541
VolunteersI 6115
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$1.4M
Land, buildings, equipmentLn 10c$7K$0
Total assetsLn 16$4.6M$4.3M
LiabilitiesLn 26$3.3M$2.8M
Net assetsLn 32$1.3M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$125K$125K
Pay of current officers, directors and key staffLn 5$180K$94K$70K$16K
Other salaries and wagesLn 7$1.2M$947K$139K$100K
Pension plan contributionsLn 8$31K$25K$4K$2K
Other employee benefitsLn 9$167K$139K$19K$10K
Payroll taxesLn 10$96K$79K$11K$6K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$474K$361K$70K$43K
Office expensesLn 13$32K$15K$17K$113
OccupancyLn 16$372K$327K$28K$17K
TravelLn 17$5K$3K$196$2K
Depreciation, depletion and amortizationLn 22$7K$3K$4K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$249K$244K$92$5K
All other expensesLn 24e$902$902
Total functional expensesLn 25$3.0M$2.4M$409K$201K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $3.2M$3.0M$195K$1.5M 990 PDF
FY2023 $3.0M$3.1M−$58K$1.3M 990 PDF
FY2022 $2.6M$2.2M$345K$1.4M 990 PDF
FY2021 $2.0M$1.7M$305K$1.0M 990 PDF
FY2020 $1.8M$1.7M$175K$708K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,165,275 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,980,370$3,131,136
I-9 Program service revenuePrior year $30,500$26,068
I-10 Investment incomePrior year $7,863$22,603
I-11 Other revenuePrior year $0−$14,532
I-12 Total revenuePrior year $3,018,733$3,165,275
I-13 Grants and similar amounts paidPrior year $125,000$125,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,580,876$1,660,303
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,370,769$1,184,880
I-18 Total expensesPrior year $3,076,645$2,970,183
I-19 Revenue less expensesPrior year −$57,912$195,092
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,165,275 across 8 lines filed
VIII-1c Fundraising events$101,548
VIII-1e Government grants$1,277,150
VIII-1f All other contributions, gifts and grants$1,752,438
VIII-1h Total contributions, gifts and grants$3,131,136
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,068$26,068
VIII-3 Investment incomeExcluded from tax $22,603$22,603
VIII-8 Net income from fundraising eventsExcluded from tax −$14,532−$14,532
VIII-12 Total revenueRelated to mission $26,068 · Unrelated business $0 · Excluded from tax $8,071$3,165,275
Part IX · Statement of functional expenses $2,970,183 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $125,000$125,000
IX-5 Pay of current officers, directors and key staffPrograms $93,572 · Management $70,178 · Fundraising $16,195$179,945
IX-7 Other salaries and wagesPrograms $947,269 · Management $139,235 · Fundraising $99,600$1,186,104
IX-8 Pension plan contributionsPrograms $24,993 · Management $4,405 · Fundraising $1,929$31,327
IX-9 Other employee benefitsPrograms $138,779 · Management $18,784 · Fundraising $9,762$167,325
IX-10 Payroll taxesPrograms $78,713 · Management $10,604 · Fundraising $6,285$95,602
IX-11b Legal feesManagement $2,485$2,485
IX-11c Accounting feesManagement $26,680$26,680
IX-11g Other fees for servicesPrograms $360,626 · Management $69,670 · Fundraising $43,472$473,768
IX-13 Office expensesPrograms $14,890 · Management $16,606 · Fundraising $113$31,609
IX-16 OccupancyPrograms $327,124 · Management $28,098 · Fundraising $16,660$371,882
IX-17 TravelPrograms $3,210 · Management $196 · Fundraising $1,883$5,289
IX-22 Depreciation, depletion and amortizationPrograms $2,808 · Management $4,094$6,902
IX-23 InsuranceManagement $16,684$16,684
IX-24 Other expenses (24a–d)Programs $243,551 · Management $92 · Fundraising $5,036$248,679
IX-24e All other expensesManagement $902$902
IX-25 Total functional expensesPrograms $2,360,535 · Management $408,713 · Fundraising $200,935$2,970,183
Part X · Balance sheet $4,333,768 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $483,363$648,770
X-2 Savings and temporary cash investmentsStart of year $752,524$755,877
X-3 Pledges and grants receivableStart of year $25,455$161,791
X-4 Accounts receivableStart of year $531,396$275,030
X-9 Prepaid expenses and deferred chargesStart of year $38,768$41,978
X-10c Land, buildings and equipment, netStart of year $6,902$0
X-14 Intangible assetsStart of year $2,783,970$2,450,322
X-16 Total assetsStart of year $4,622,378$4,333,768
X-17 Accounts payable and accrued expensesStart of year $184,181$152,969
X-25 Other liabilitiesStart of year $3,013,139$2,685,649
X-26 Total liabilitiesStart of year $3,322,320$2,838,618
X-27 Net assets without donor restrictionsStart of year $961,716$921,077
X-28 Net assets with donor restrictionsStart of year $338,342$574,073
X-32 Total net assets or fund balancesStart of year $1,300,058$1,495,150
X-33 Total liabilities and net assetsStart of year $4,622,378$4,333,768
Part XI · Reconciliation of net assets $1,495,150 net assets at year end
XI-1 Total revenue$3,165,275
XI-2 Total expenses$2,970,183
XI-3 Revenue less expenses$195,092
XI-4 Net assets at start of year$1,300,058
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,495,150

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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