Nonprofit · EIN 47-2267166
BAGS FOUNDATION CT INC
Also known as BEULAH AG SMITH SCHOLARSHP FDN
Tax-exempt (reinstated) · WATERBURY, CT 06705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,831,491 | $2,281,341 | -$449,850 | $1,130,800 | $1,590,015 | -$459,215 |
| June 30, 2024 | 990 | $2,614,048 | $2,218,430 | $395,618 | $1,531,179 | $1,062,367 | $468,812 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,773,504
- of which government grants
- $1,762,183
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $57,987
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $157,193
- Other salaries and wages
- $1,184,767
- Salaries, compensation and benefits (total)
- $1,524,069
- Professional fundraising fees
- $0
- Legal fees
- $22,005
- Accounting fees
- $112,574
- Occupancy
- $151,820
- Travel
- $31,793
- Depreciation
- $4,966
- Program services (functional)
- $1,640,063
- Management and general (functional)
- $641,278
Balance sheet and other
- Total assets, start of year
- $1,531,179
- Total assets, end of year
- $1,130,800
- Total liabilities, end of year
- $1,590,015
- Net assets, end of year
- -$459,215
- Land, buildings and equipment
- $26,554
- Net assets without donor restrictions
- -$459,215
- Gross receipts
- $1,831,491
- Employees
- 104
- Year formed
- 2014
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NAKIA REDDICK | EXECUTIVE DI Officer | 25 | $157,193 |
| JOSEPH BANNON | BOARD MEMBER Trustee or director | 10 | $0 |
| JESSICA DIBATTISTA | BOARD MEMBER Trustee or director | 10 | $0 |
| VICTOR LOPEZ | BOARD MEMBER Trustee or director | 10 | $0 |
| JANET SEARLESS | BOARD CHAIR Trustee or director | 10 | $0 |
| BRITTANY WILKES | BOARD SECRET Trustee or director | 10 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NAKIA REDDICK | EXECUTIVE DI Officer | 25 | $318,692 |
| JOSEPH BANNON | BOARD MEMBER Trustee or director | 10 | $0 |
| JESSICA DIBATTISTA | BOARD MEMBER Trustee or director | 10 | $0 |
| VICTOR LOPEZ | BOARD MEMBER Trustee or director | 10 | $0 |
| JANET SEARLESS | BOARD CHAIR Trustee or director | 10 | $0 |
| BRITTANY WILKES | BOARD SECRET Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 541 WOLCOTT ST, WATERBURY, CT 06705-1334
- Principal officer (990 for 2024)
- NAKIA REDDICK
- Signed the 990
- NAKIA REDDICK, EXECUTIVE DIRECTOR
- Phone
- (203) 593-1182
- Website
- WWW.BAGSFOUNDATIONCT.COM
- Return prepared by
- FIONDELLA MILONE & LASARACINA LLP
Mission
TO PROVIDE SUPPORT FOR AFTER SCHOOL PROGRAMS AND SUMMER PROGRAMS FOR INNERCITY YOUTH IN WATERBURY CT.
Program accomplishments
- TO ASSIST UNDERPRIVILEDGED CHILDRENExpenses $1,640,063
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2267166
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $1,130,800
- Income (IRS master file)
- $1,831,491
Revocation and reinstatement
- Exemption revoked
- November 15, 2017
- Posted by the IRS
- March 12, 2018
- Reinstated
- Effective November 15, 2017
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,831,491 | $2,281,341 | $1,130,800 | IRS |
| 990 | June 2024 | $2,614,048 | $2,218,430 | $1,531,179 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2267166).
Questions about BAGS FOUNDATION CT INC
- What is the EIN of BAGS FOUNDATION CT INC?
- The employer identification number (EIN) of BAGS FOUNDATION CT INC is 47-2267166.
- Is BAGS FOUNDATION CT INC tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2017 and reinstated it effective November 15, 2017.
- Are donations to BAGS FOUNDATION CT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BAGS FOUNDATION CT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BAGS FOUNDATION CT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BAGS FOUNDATION CT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BAGS FOUNDATION CT INC?
- The 990 for the year ended June 30, 2025 names NAKIA REDDICK.
- Who are the officers and directors of BAGS FOUNDATION CT INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $157,193 (NAKIA REDDICK, EXECUTIVE DI).
- How much revenue does BAGS FOUNDATION CT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,831,491, expenses of $2,281,341 and total assets of $1,130,800 at year end.
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