Aarons Presents INC FY2023 filing

Tax-deductible

Andover, MA501(c)(3)UnclassifiedEIN 46-4010444

Aaron's Presents Givers and Visionaries program empowers young children to plan and carry out projects that benefit others by providing materials, mentoring and logistical support. Our Agents of Change Program broadens their experience and .helps them prepare for college

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$29K 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

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $35K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$29K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$452K
+61% vs prior year
Spent
$388K
To programs
88%
Net assets
$357K
By yearFY2021–FY2025
Revenue
$452K
FY2023▲ +61%
Revenue by fiscal year
FY2021$380K
FY2022$281K
FY2023$452K
FY2024$473K
FY2025$623K
Expenses
$388K
FY2023▲ +37%
Expenses by fiscal year
FY2021$278K
FY2022$283K
FY2023$388K
FY2024$494K
FY2025$592K
Net assets
$357K
FY2023▲ +22%
Net assets by fiscal year
FY2021$295K
FY2022$293K
FY2023$357K
FY2024$336K
FY2025$367K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $341K Management & general 10% · $38K Fundraising 2% · $9K

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

Who runs it and what they're paid

13 people listed on the 990; $29K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Direrctor
$15,577Pt VII · Sec A
Treasurer and Director
$13,305Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Leah Okimoto$29,615$22,593———
C Tegner Rood——$13,305$15,630$9,815
Leah Okimoto——$15,577$15,000$10,000
C Tegner Rood—$120———

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 15aNo

Programs and updates

Empowers young children to plan and execute community benefit projects with materials and mentoring.

Provided by the organization

This section is blank until Aarons Presents INC claims this page.

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3 program services account for $341K of program spending, described in the organization's own filed words · FY2022.
01

Givers and Visionaries Program in FY2023 Aaron's Presents served 510 children primarily from 4th-8th grade (as well as existing participants in 9th-12th grade) who completed 388 projects, benefitting over 5,000 people and animals in the larger community and beyond.

$177Kprogram expense
02

Agents of Change Program

Our objective is to continue supporting former Givers & Visionaries participants, especially those who are economically challenged, to broaden their view of the opportunities ahead after high school, and to help them prepare for college.

$158Kprogram expense
03

Many projects in our Givers and Visionaries program were postponed to protect our participants and our employees during Covid-19 pandemic. At the same time, we learned that many of our donors trusted Aaron's Presents to be a conduit for funds to help the hardest hit members of our community get through the pandemic.

$5Kprogram expense

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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 1 funder$18K
Grants paid · 6 grants · $133K · 2020–2024
Unitemized GrantFY2024$28,542
Unitemized GrantFY2022$12,423
Unitemized GrantFY2021$26,045
Unitemized GrantFY2021$8,429
Unitemized GrantFY2020$33,614
Unitemized GrantFY2020$23,814

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$452K
Ln 12
Gifts and grantsLn 1h$447K
Other incomeLn 4–11$4K
Investment incomeLn 3$948
Money outPt IX
$388K
Ln 25
Programscol B$341K
Managementcol C$38K
Fundraisingcol D$9K
Owns and owesPt X
$357K
net assets · Ln 32
Cash and savingsLn 1–2$295K
Total assetsLn 16$374K
LiabilitiesLn 26$17K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$447K
Government grantsLn 1e$0
Noncash giftsLn 1g$12K
Fundraising eventsLn 1c$0
Investment incomeLn 3$948
Other incomeLn 4–11$4K
Gains on assetsLn 7$107
Total revenueLn 12$452K
Assets in detailPt X, end of year
CashLn 1$295K
Cash and savings togetherLn 1–2$295K
InvestmentsLn 11–13$28K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$374K
LiabilitiesLn 26$17K
Net assetsLn 32$357K
OperationsPt I, VI
EmployeesI 515
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$228K$295K
InvestmentsLn 11–13$28K
Land, buildings, equipmentLn 10c$6K$4K
Total assetsLn 16$309K$374K
LiabilitiesLn 26$16K$17K
Net assetsLn 32$293K$357K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$15K$15K
Pay of current officers, directors and key staffLn 5$31K$25K$2K$4K
Other salaries and wagesLn 7$107K$87K$20K$127
Other employee benefitsLn 9$2K$2K$45$145
Payroll taxesLn 10$14K$11K$2K$464
Legal feesLn 11b$194$194
Accounting feesLn 11c$8K$1K$7K
Other fees for servicesLn 11g$9K$8K$390
Advertising and promotionLn 12$6K$6K$300$214
Office expensesLn 13$4K$3K$203$1K
Information technologyLn 14$37K$32K$2K$2K
OccupancyLn 16$5K$5K
TravelLn 17$13K$13K$0
Conferences, conventions and meetingsLn 19$19K$18K$1K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$9K$8K$2K
Other expenses (24a–d)Ln 24$104K$104K$219$0
All other expensesLn 24e$2K$29$2K
Total functional expensesLn 25$388K$341K$38K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $623K$592K$31K$367K 990 PDF
FY2024 $473K$494K−$20K$336K 990 PDF
FY2023 Viewing $452K$388K$64K$357K 990 PDF
FY2022 $281K$283K−$2K$293K 990 PDF
FY2021 $380K$278K$101K$295K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $451,855 across 14 lines filed
Lines not itemized here account for $1,157 of total revenue; see the IRS return.
VIII-1a Federated campaigns$127,502
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$319,898
VIII-1g Noncash contributions (included above)$11,640
VIII-1h Total contributions, gifts and grants$447,400
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $841$841
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $107$107
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $2,350$2,350
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,455$451,855
Part IX · Statement of functional expenses $387,901 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $14,636$14,636
IX-5 Pay of current officers, directors and key staffPrograms $25,045 · Management $1,715 · Fundraising $4,053$30,813
IX-7 Other salaries and wagesPrograms $87,173 · Management $20,025 · Fundraising $127$107,325
IX-9 Other employee benefitsPrograms $2,167 · Management $45 · Fundraising $145$2,357
IX-10 Payroll taxesPrograms $11,144 · Management $2,454 · Fundraising $464$14,062
IX-11b Legal feesPrograms $194$194
IX-11c Accounting feesPrograms $1,000 · Management $6,846$7,846
IX-11g Other fees for servicesPrograms $8,119 · Management $390$8,509
IX-12 Advertising and promotionPrograms $5,625 · Management $300 · Fundraising $214$6,139
IX-13 Office expensesPrograms $3,056 · Management $203 · Fundraising $1,225$4,484
IX-14 Information technologyPrograms $32,424 · Management $2,439 · Fundraising $1,655$36,518
IX-16 OccupancyPrograms $4,845$4,845
IX-17 TravelPrograms $13,443 · Management $0$13,443
IX-19 Conferences, conventions and meetingsPrograms $18,064 · Fundraising $1,170$19,234
IX-22 Depreciation, depletion and amortizationPrograms $1,956$1,956
IX-23 InsurancePrograms $7,842 · Management $1,633$9,475
IX-24 Other expenses (24a–d)Programs $104,152 · Management $219 · Fundraising $0$104,371
IX-24e All other expensesPrograms $29 · Management $1,665$1,694
IX-25 Total functional expensesPrograms $340,914 · Management $37,934 · Fundraising $9,053$387,901
Part X · Balance sheet $373,893 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $228,134$294,627
X-3 Pledges and grants receivableStart of year $66,667$41,312
X-9 Prepaid expenses and deferred chargesStart of year $3,252$5,324
X-10c Land, buildings and equipment, netStart of year $6,355$4,400
X-11 Publicly traded securities$28,230
X-12 Other securities$0
X-16 Total assetsStart of year $308,523$373,893
X-17 Accounts payable and accrued expensesStart of year $15,587$17,003
X-25 Other liabilities$0
X-26 Total liabilitiesStart of year $15,587$17,003
X-27 Net assets without donor restrictionsStart of year $142,984$322,322
X-28 Net assets with donor restrictionsStart of year $149,952$34,568
X-32 Total net assets or fund balancesStart of year $292,936$356,890
X-33 Total liabilities and net assetsStart of year $308,523$373,893
Part XI · Reconciliation of net assets $356,890 net assets at year end
XI-1 Total revenue$451,855
XI-2 Total expenses$387,901
XI-3 Revenue less expenses$63,954
XI-4 Net assets at start of year$292,936
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$356,890

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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