Corporate Angel Network Inc
- Assets
- $5.0m
- Revenue
- $1.5m
- Investments
- $3.8m
- Employees
- 7
- Location
- White Plains, NY
- Founding
- 02/1964
- Data as of
- 12/2021
- EIN
- 13-6143014
Organization Overview
Corporate Angel Network Inc is located in White Plains, NY. The organization was established in 1964. According to its NTEE Classification (G19) the organization is classified as: Support N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Corporate Angel Network Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporate Angel Network 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, Corporate Angel Network Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 8.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
COORDINATES AND ARRANGES FREE FLIGHTS FOR CANCER PATIENTS TO TREATMENT CENTERS USING EMPTY SEATS ON BUSINESS AIRCRAFT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS FOUNDING, CORPORATE ANGEL NETWORK HAS GROWN TO INCLUDE OVER 500 PARTICIPATING CORPORATIONS, A PAID STAFF AND A TEAM OF VOLUNTEERS WHO WORK WITH PATIENTS, PHYSICIANS, CORPORATE MEMBERS AND LEADING CANCER CENTERS. IN 2021 CORPORATE ANGEL NETWORK RECEIVED 2,150 REQUESTS FOR FLIGHTS FROM CANCER PATIENTS AND WERE ABLE TO ARRANGE FLIGHTS FOR 911 PATIENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Monaghan Exec Dir / Secretary | Officer | 40 | $219,390 |
Wilson S Leach Secretary | OfficerTrustee | 2 | $0 |
John G Rosenvallon Chairman | OfficerTrustee | 2 | $0 |
Paul H Vier Treasurer | OfficerTrustee | 2 | $0 |
Adam Johnson Director | Trustee | 2 | $0 |
David C Hurly Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $314,500 |
| Related organizations | $0 |
| Government grants | $201,809 |
| All other contributions, gifts, grants, and similar amounts not included above | $719,997 |
| Noncash contributions included in lines 1a–1f | $237,103 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,236,306 |
| Total Program Service Revenue | $0 |
| Investment income | $88 |
| Tax Exempt Bond Proceeds | $91,828 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,570 |
| Net Income from Fundraising Events | $111,064 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,458,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $219,390 |
| Compensation of current officers, directors, key employees. | $21,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,413 |
| Payroll taxes | $35,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,696 |
| Advertising and promotion | $1,271 |
| Office expenses | $65,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,624 |
| Travel | $6,453 |
| 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 | $11,265 |
| Insurance | $12,304 |
| All other expenses | $658 |
| Total functional expenses | $1,072,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,314 |
| Savings and temporary cash investments | $500,993 |
| Pledges and grants receivable | $84,858 |
| Accounts receivable, net | $75,950 |
| 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 | $8,413 |
| Net Land, buildings, and equipment | $18,441 |
| Investments—publicly traded securities | $415,705 |
| Investments—other securities | $3,821,897 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,017,571 |
| Accounts payable and accrued expenses | $38,102 |
| 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 | $38,102 |
| Net assets without donor restrictions | $3,769,059 |
| Net assets with donor restrictions | $1,210,410 |
| 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 | $5,017,571 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Corporate Angel Network Inc has recieved totaling $183,865.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: CHARITY | | $80,000 |
Cody Foundation Delray Beach, FL PURPOSE: TO PROVIDE CANCER PATIENTS AIRPLANE TRAVEL IN ORDER TO RECEIVE TREATMENT | $25,000 |
Debartolo Family Foundation Tampa, FL PURPOSE: PROGRAM SERVICES | $25,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Entertainment Industry Foundation Los Angeles, CA PURPOSE: GENERAL PROGRAM | $15,000 |
L Brands Foundation Columbus, OH PURPOSE: HEALTH | $10,000 |
Endowment Analysis
| Beg. Balance | $1,117,702 |
| Earnings | $140,759 |
| Admin Expense | $59,051 |
| Net Contributions | $11,000 |
| Ending Balance | $1,210,410 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upper Room Aids Ministry Inc Adult Day Health Care Center New York, NY | $12,030,689 | $18,432,738 |
American Board Of Surgery Philadelphia, PA | $21,861,493 | $12,534,091 |
Hemophilia Alliance Group Purchasing Organization Inc Lansdale, PA | $7,827,935 | $7,535,975 |
Unite For Her West Chester, PA | $2,837,331 | $3,562,552 |
Primary Care Services Meadville, PA | $221,457 | $2,059,942 |
Fibrolamellar Cancer Foundation Greenwich, CT | $7,664,472 | $4,041,093 |
Relapsing Polychondritis Awareness And Support Foundation New York, NY | $1,026,239 | $1,006,610 |
Corporate Angel Network Inc White Plains, NY | $5,017,571 | $1,458,856 |
Cancer Bridges Pittsburgh, PA | $5,131,335 | $886,281 |
Frances Foundation For Kids Fighting Cancer Inc Holmdel, NJ | $128,224 | $468,429 |
New York City Hemophilia Chapter New York, NY | $477,605 | $590,348 |
Cedars Inc Havertown, PA | $339,532 | $424,269 |