Angel Fund Inc
- Assets
- $2.3m
- Revenue
- $566.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 04-3478977
Organization Overview
Angel Fund Inc is located in Wakefield, MA. The organization was established in 2000. According to its NTEE Classification (H80) the organization is classified as: Specifically Named Diseases Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angel Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Angel Fund Inc generated $566.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $396.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO AID IN THE RESEARCH AND EXCHANGE OF INFORMATION CONCERNING AMYOTROPHIC LATERAL SCLEROSIS ("LOU GEHRIG'S DISEASE OR "ALS") BEWTEEN THE MEDICAL COMMUNITY AND FAMILY AND FRIENDS OF INDIVIDUALS AFFLICTED WITH ALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING PROVIDED TO THE CECIL B. DAY LABORATORY FOR NEUROMUSCULAR RESEARCH ("DAY LABORATORY")AT THE UNIVERSITY OF MASSACHUSETTS MEDICAL CENTER LOCATED IN WORCESTER, MA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard P Kennedy President | OfficerTrustee | 2 | $0 |
Eugene A Nigro ESQ Clerk | OfficerTrustee | 2 | $0 |
Paul A Delvecchio Treasurer | OfficerTrustee | 1 | $0 |
Todd Delvecchio Director | Trustee | 1 | $0 |
Salvatore P Falzone Jr Director | Trustee | 1 | $0 |
Carolyn Nigro Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $432,839 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $641,723 |
| Total Program Service Revenue | $0 |
| Investment income | $34,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,111 |
| Net Income from Fundraising Events | -$107,242 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $566,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $340,668 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,646 |
| Fees for services: Other | $22,005 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,766 |
| Total functional expenses | $396,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,758 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,860,181 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,272,939 |
| Accounts payable and accrued expenses | $84,050 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $84,050 |
| Net assets without donor restrictions | $2,188,889 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,272,939 |
Grants Awarded
Over the last fiscal year, Angel Fund Inc has awarded $1,031,027 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Needham, MA PURPOSE: ALS RESEARCH | $1,008,000 |
Somerville, MA PURPOSE: ALS RESEARCH | $23,027 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Angel Fund Inc has recieved totaling $36,972.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,315 |
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $15,561 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $887 |
Arbella Insurance Foundation Inc Boston, MA PURPOSE: UNRESTRICTED OPERATING FUNDS | $275 |
American Tower Charitable Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $200 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Alliance For Tb Drug Development Inc New York, NY | $187,560,796 | $58,653,379 |
Als Therapy Development Foundation Inc Watertown, MA | $19,047,011 | $12,370,651 |
Jeffrey Modell Foundation Inc New York, NY | $36,072,018 | $6,146,213 |
Rothberg Institute Inc Guilford, CT | $0 | $50,949 |
Silent Spring Institute Inc Newton, MA | $4,846,950 | $4,731,717 |
Lupus Clinical Trials Consortium Katherine M Snider President Garden City, NY | $502,663 | $1,883,684 |
Amyloidosis Research Consortium Inc Newton, MA | $2,350,923 | $1,647,972 |
Northeast Als Consortium Inc Boston, MA | $897,067 | $886,426 |
Angel Fund Inc Wakefield, MA | $2,272,939 | $566,086 |
Aurum Institute Usa New York, NY | $145,199 | $368,316 |
Central New York Lyme And Tick-Borne Disease Alliance Inc Manlius, NY | $284,340 | $280,190 |
Seneca Diabetes Foundation Irving, NY | $3,568,053 | $281,594 |