Angel Capital Association
- Assets
- $637.3k
- Revenue
- $902.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Overland Park, KS
- Founding
- 10/2006
- Data as of
- 06/2022
- EIN
- 20-3398404
Organization Overview
Angel Capital Association is located in Overland Park, KS. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Angel Capital Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angel Capital Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Angel Capital Association generated $902.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $964.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACA IS THE PROFESSIONAL ASSOCIATION OF ANGEL INVESTORS ACROSS NORTH AMERICA. MISSION IS TO FUEL MEMBER SUCCESS THROUGH ADVOCACY, EDUCATION AND CONNECTION BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLDING ANNUAL SUMMITS AND REGULAR REGIONAL MEETINGS OF ANGEL GROUPS, DEVELOPING BEST PRACTICE PAPERS, AND INCREASING ACCESS TO DATA AND INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Gouhin Chief Executive Officer | Officer | 52 | $168,534 |
Tony Shipley Chair | Trustee | 2 | $0 |
Marcia Dawood Director | Trustee | 2 | $0 |
Peter Adams Treasurer/secretary | Trustee | 2 | $0 |
Ron Weissman Director | Trustee | 2 | $0 |
Clay Rankin Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Villette Nolon Consulting | 6/29/15 | $111,627 |
Isen & Company Llc Marketing | 6/29/15 | $111,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $872,356 |
| Investment income | $130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $300 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $901,959 |
| 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. | $172,064 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,330 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,096 |
| Payroll taxes | $35,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,464 |
| Fees for services: Accounting | $22,912 |
| Fees for services: Lobbying | $75,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,163 |
| Advertising and promotion | $40,522 |
| Office expenses | $19,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,370 |
| Travel | $26,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $198,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,322 |
| Insurance | $2,192 |
| All other expenses | $0 |
| Total functional expenses | $964,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,797 |
| Savings and temporary cash investments | $157,867 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,500 |
| 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 | $10,351 |
| Net Land, buildings, and equipment | $3,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $637,312 |
| Accounts payable and accrued expenses | $237,936 |
| Grants payable | $0 |
| Deferred revenue | $214,350 |
| 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 | $452,286 |
| Net assets without donor restrictions | $185,026 |
| 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 | $637,312 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Angel Capital Association has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Collegiate Inventors & Innovators Alliance Hadley, MA PURPOSE: Funding for new initiatives that will develop into useful resources for the VentureWell community and beyond. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dairy Promotion Inc Kansas City, KS | $585,537 | $75,669,129 |
National Cattlemens Beef Association Inc Centennial, CO | $34,892,254 | $54,202,215 |
United States Meat Export Federation Inc Denver, CO | $20,783,822 | $49,870,327 |
Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |
Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |
Investment Management Consultants Assn Inc Greenwood Village, CO | $30,192,603 | $13,414,601 |
International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |
International Association For The Study Of Lung Cancer Denver, CO | $23,299,078 | $13,685,313 |