Aegis Foundation

Nonprofit profile at a glance

EIN
300460765
IRS 990-EZ coverage
2013–2016
Forms available
Form 990-EZ 2016, Form 990-N 2010
Location
Minneapolis, MN, USA
Phone
6122804256
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$72,987
Expenses
$40,011
Assets
$32,993
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Rebecca Nguyen (Board President)
  • William Panzarella (Executive Director)

People named in this filing

  • Rebecca Nguyen (Board President)
  • Joannie Panzarella-Petrungaro (Board Treasurer)
  • Anahita Ahrar (Board Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of Aegis Foundation, Inc. is to enhance the lives of young people by financially supporting organizations that provide safe, supportive environments and specialize in youth services, alternative education, life skills, vocational training, homelessness, pregnancy, STD and HIV/AIDS prevention, and other youth related concerns.

What it reported doing in 2016

In 2016, Aegis Foundation followed it mission by financially supporting non-profits that have programs that work directly with youth. We held the official 23rd annual Oscar Experience.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 47% for direct work, and 53% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 82
  • Sustainability: 70
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 47.8%; rating input score 48
  • Program expense ratio: 87.3%; rating input score 87

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 45.2%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 0.82; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -2% per year; rating input score 0; 45th percentile among comparable filings
  • Revenue growth: -13.7% per year; rating input score 0; 23rd percentile among comparable filings
  • Asset growth: 34.1% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 47.8% of revenue deployed · 87.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $35K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2013 to 2016
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.