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BAGS FOUNDATION CT INC

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Public IRS 990 nonprofit record

BAGS FOUNDATION CT INC

EIN 47-2267166 · Youth Development Programs (O50)

What they do

THE ORGANIZATION OPERATES AFTER SCHOOL PROGRAMS and SUMMER PROGRAMS for LOW INCOME INNER CITY YOUTH IN WATERBURY CT.

Before you give

Are they doing good?

Easy charity check
Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$124.56spent for every $100 of revenueSpending was higher than revenue this year.
$28.10of every $100 spent went to management and office costsThis number alone does not tell us how much good they did.
$0.50in assets for every $1 spent this yearSome assets cannot be spent right away.
96.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $449,850 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $157,193 for NAKIA REDDICK (EXECUTIVE DI). Compare pay with organizations of similar size and complexity.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$1,831,491
Expenses$2,281,341
Annual shortfall $449,850 Expenses were higher than revenue for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$641,278 · 28.1% of expenses
Reported executive compensation (total)$11,620 · 0.5% of expenses
See all reported dollar amounts
Revenue$1,831,491
Expenses$2,281,341
Assets$1,130,800
Income$1,831,491
Contributions$1,773,504
Management and general$641,278
Executive compensation (total)$11,620
Accounting fees$112,574
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
NAKIA REDDICKEXECUTIVE DI · 25 hrs/week $157,193

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (6)

NAKIA REDDICKEXECUTIVE DI

BRITTANY WILKESBOARD SECRET

JANET SEARLESSBOARD CHAIR

JESSICA DIBATTISTABOARD MEMBER

JOSEPH BANNONBOARD MEMBER

VICTOR LOPEZBOARD MEMBER

About this charity

Recognized since
January 2018
Location
541 WOLCOTT STREET, WATERBURY, CT 06705
County
New Haven
In care of
NAKIA REDDICK
Primary officer
NAKIA REDDICK, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
FIONDELLA MILONE & LASARACINA LLP
NTEE classification
Youth Development Programs (O50)
IRS tax category
Youth Development Programs

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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