Andre Agassi Foundation in Las Vegas, Nevada (NV)

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Andre Agassi Foundation
Employer Identification Number (EIN)341759295
Name of OrganizationAndre Agassi Foundation
In Care of NameBoulevard Management
Address8th Floor, Las Vegas, NV 89169
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date03/1994
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2008
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$100,640,651
Amount of Income$8,070,591
Form 990 Revenue Amount$-6,723,656
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Fund Raising and/or Fund Distribution



Amount of income in 2008: $8,070,591
This organization:  $8,070,591
Other organizations performing similar types of work:  $1,227,880

Assets in 2008: $100,640,651
Andre Agassi Foundation:  $100,640,651
Other organizations performing similar types of work:  $1,361,995

Expenses in 2006: $8,796,926
Andre Agassi Foundation:  $8,796,926
Other organizations performing similar types of work:  $2,030,490

Income to expenses ratio in 2006: 1.6
This organization:  1.6
Other organizations performing similar types of work:  1.4

Expenses allocated to program services in 2006: 87.6%
This organization:  87.6%
Other organizations performing similar types of work:  76.6%

Grants share in income in 2006: 91.4%
This organization:  91.4%
Other organizations performing similar types of work:  57.5%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20052006
Total revenue$8,022,237$14,395,603
Contributions, gifts, grants, and similar amounts received$2,503,864$13,161,532
Contributions to donor advised funds$0
Direct public support$2,503,864$13,161,532
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$140,168$695,014
Dividends and interest from securities$234,390$516,068
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$0$0
Gross amount from sales of assets other than inventory$0$0
Less: cost or other basis and sales expenses$0$0
Net income or (loss) from special events and activities$5,143,815$22,989
Gross revenue$6,184,230$3,523,236
Less: direct expenses other than fundraising expenses$1,040,415$3,500,247
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$0$0
Total expenses$6,485,157$8,796,926
Program services$5,725,644$7,706,559
Management and general$412,800$748,502
Fundraising$346,713$341,865
Payments to affiliates$0$0
Net assets or fund balances at end of year$23,394,985$35,212,960
Excess or (deficit) for the year$1,537,080$5,598,677
Net assets or fund balances at beginning of year$27,557,986$23,394,985
Other changes in net assets or fund balances$-5,700,081$6,219,298
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$8,796,926$7,706,559$748,502$341,865
Grants paid from donor advised funds$0
Other grants and allocations$6,174,831
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$92,131$0$92,131$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$227,305$86,248$3,700$137,357
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$97,735$25,295$32,155$40,285
Payroll taxes$27,310$6,415$10,679$10,216
Professional fundraising fees$0$0$0$0
Accounting fees$42,824$8,565$34,259$0
Legal fees$11,441$0$11,441$0
Supplies$22,750$1,935$18,359$2,456
Telephone$14,807$1,472$13,237$98
Postage and shipping$11,790$702$10,971$117
Occupancy$40,980$4,098$36,882$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$12,974$0$2,947$10,027
Travel$58,407$0$54,933$3,474
Conferences, conventions, and meetings$0$0$0$0
Interest$1,230,424$1,230,424$0$0
Depreciation, depletion, etc.$40,325$19,651$20,674$0
Other expenses not covered above$690,892$146,923$406,134$137,835
Balance Sheets
20052006
Total assets$80,736,859$78,920,526
Cash - non-interest-bearing$2,279,020$1,555,991
Savings and temporary cash investments$23,112,504$6,364,086
Accounts receivable less allowance for doubtful accounts$0$0
Pledges receivable less allowance for doubtful accounts$8,126,312$6,297,500
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$21,101$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$0$0
Investments - publicly-traded securities$55,444,847
Investments - other securities$46,138,123$7,624,732
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$444,546$508,944
Land, buildings, and equipment less accumulated depreciation$24,942$554,242
Other assets, including program-related investments$590,311$570,184
Total liabilities$57,341,874$43,707,566
Accounts payable and accrued expenses$643,887$719,321
Grants payable$20,939,799$7,225,203
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$53,188$58,042
Tax-exempt bond liabilities$35,705,000$35,705,000
Mortgages and other notes payable$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$80,736,859$78,920,526
Total net assets or fund balances$23,394,985$35,212,960
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20052006
Total revenue$8,022,237$14,395,603
Total revenue, gains, and other support per audited financial statements$20,083,201$20,845,108
Other expenses$12,060,964$6,449,505
Net unrealized gains on investments$4,094,632$6,449,505
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$7,966,332$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20052006
Total expenses$6,485,157$8,796,926
Total expenses and losses per audited financial statements$28,048,200$8,566,718
Other revenue$21,723,024$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$21,723,024$0
Other expenses$159,981$230,208
Investment expenses$159,981$230,208
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$92,131$10,000$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings25
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,234,071$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$695,014$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$516,068$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$22,989$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$77,917$12,500$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
20042005
Total$13,469,124$9,062,652
Gifts, grants, and contributions received$5,948,794$2,503,864
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$7,198,876$6,184,230
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$412,719$374,558
Net income from unrelated business activities not included above$-91,265$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1National Center For Disability Services201 I U Willets Rd, Alberton, NY 11507-1516NY1957-03$41,258,789
2Ohio Presbyterian Retirement Services Foundation1001 Kingsmill Pkwy, Columbus, OH 43229-1129OH1986-06$34,092,214
3Fund For The Aged Inc120 W 106th St, New York, NY 10025-3923NY1991-12$29,463,841
4Scanlan Foundation2401 Fountain View Dr Ste 1007, Houston, TX 77057-4852TX1948-09$27,358,522
5Yellowstone Boys And Girls Ranch Foundation IncPO BOX 80807, Billings, MT 59108MT1984-05$26,381,168
6Alice Hutchins 1998 Crat 10115061000PO BOX 185, Pittsburgh, PA 15230-0185PA1969-10$20,611,343
7Ucap Services IncPO BOX 606, Escanaba, MI 49829-0606MI1972-05$15,164,190
8Ecumenical Enterprises Inc, Meadows Nursing & Rehabilitation Ce55 W Center Hill Rd, Dallas, PA 18612-1069PA1970-12$15,123,048
9Mcquade Foundation623 Route 94, New Windsor, NY 12553NY1950-04$13,316,140
10New York Womens Foundation434 W 33rd Street 8thfl, New York, NY 10001-2601NY1992-06$10,828,653
11Toys R Us Childrens Fund IncOne Geoffrey Way, Wayne, NJ 07470NJ2004-11$10,167,071
12Connections For Children2701 Ocean Park Blvd Ste 253, Santa Monica, CA 90405-5239CA1983-06$9,710,323
13Andre Agassi Foundation8th Floor, Las Vegas, NV 89169NV1994-03$8,070,591
14Mary Blaine Barker Trust Uw620 Liberty Ave 10th Flr, Pittsburgh, PA 15222-2722PA1979-05$7,378,485
15Community Facilities Inc1931 Buffalo Rd, Rochester, NY 14624-1535NY1971-02$7,141,922
16Presbyterian Homes Foundation2845 Hamline Avneue North, Roseville, MN 55113MN1988-10$6,612,000
17Childserve Foundation IncPO BOX 707, Johnston, IA 50131-0707IA1981-03$5,620,917
18Chime Foundation Incorporated4815 Seton Dr, Baltimore, MD 21215-3211MD1994-07$5,325,458
19Florida Lions Foundation For The Blind Inc, Exec Sec-Treasurer H4111 Se 10th Pl, Ocala, FL 34471-4811FL1964-10$2,732,752
20Presbyterian Villages Of Michigan Foundation26200 Lasher Rd Ste 300, Southfield, MI 48034MI1993-12$2,450,519
21Diakon Lutheran Fund798 Hausman Rd, Allentown, PA 18104PA1988-10$1,950,772
22Aids Cycle Inc315 W Barry Ave, Chicago, IL 60657-5638IL1996-02$1,911,751
23Evergreen Foundation2101 Highway 80, Haughton, LA 71037-9488LA1970-11$1,456,750
24Minnesota Odd Fellows Home Foundation815 Forest Ave, Northfield, MN 55057-1643MN1982-11$1,338,942
25Gold Rush Classic Inc1 Sports Pkwy, Sacramento, CA 95834-2300CA1995-05$1,109,815
26Junior Seau Foundation8787 Complex Dr Ste 200, San Diego, CA 92123-1451CA1993-09$778,466
27Fund For The Poor Inc270 S Service Rd Ste 45, Melville, NY 11747-2399NY1999-02$446,686
28Cherish The Children Foundation Inc377 Hubbard St, Glastonbury, CT 06033-3078CT2000-10$414,874
29Pasadena Lions Club Memorial TrustPO BOX 364, Pasadena, CA 91102-0364CA1973-05$222,172
30Ezras Yisroel Inc1001 Brickell Bay Dr Ste 9th Fl, Miami, FL 33131-4900FL1999-10$22,500
Number of organizations performing similar types of work
Arizona6
California15
Colorado1
Connecticut1
District of Columbia1
Delaware1
Florida8
Georgia1
Iowa1
Illinois9
Kansas2
Kentucky2
Louisiana1
Massachusetts3
Maryland3
Michigan4
Minnesota3
Missouri1
Montana1
North Carolina1
Nebraska1
New Hampshire1
New Jersey4
New Mexico1
Nevada1
New York18
Ohio5
Pennsylvania8
Tennessee2
Texas4
Virginia1
Vermont2
Washington3
Wisconsin3
Total119

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