Angelwish Inc
- Assets
- $161.0k
- Revenue
- $207.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Hoboken, NJ
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 22-3658778
Organization Overview
Angelwish Inc is located in Hoboken, NJ. The organization was established in 1999. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angelwish 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 12/2022, Angelwish Inc generated $207.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $200.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 8 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
ANGELWISH HELPS BUSY PEOPLE GRANT THE WISHES AND SUPPORT THE BASIC NEEDS OF CHILDREN LIVING WITH CHRONIC ILLNESSES ALL OVER THE WORLD WHILE RAISING AWARENESS FOR THESE POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANGELWISH HELPED TO ENCOURAGE AND ORGANIZE PHYSICAL AND ONLINE TOY DRIVES FOR CHILDREN LIVING WITH CHRONIC ILLNESSES UNDER THE CARE OF OVER 50 CARE CENTERS IN THE UNITED STATES. THE EFFORT HAS HELPED TO RAISE AWARENESS OF THE NEEDS OF CHILDREN LIVING WITH CHRONIC ILLNESSES AS WELL AS EMPOWERED YOUNG PEOPLE ACROSS THE COUNTRY TO COLLECT AND DONATE GIFTS THAT THEY WOULD APPRECIATE IF THEY WERE SICK. COVID IMPACTED OUR WORK SIGNIFICANTLY AND WE WERE ABLE TO RAISE AWARENESS OF THE NEEDS OF FAMILIES DURING THIS TIME.
ANGELWISH HAD TO ADJUST TO THE REALITIES OF COVID-19 AND ASSIST ORGANIZATIONS WITH KEEPING THEIR NEEDS RELEVANT. WE ULTIMATELY RAN AN INFORMATION CAMPAIGN TO RAISE AWARENESS OF THE NEEDS OF FAMILIES WITH CHRONIC ILLNESSES IN THE COVID-19 ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shimul Mehta CEO | Officer | 40 | $120,000 |
Jim Brinksma Director | Trustee | 1 | $0 |
James Feger Director | Trustee | 1 | $0 |
Ed Wallace Director | Trustee | 1 | $0 |
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 | $207,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,827 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $207,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,204 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,000 |
| Office expenses | $4,000 |
| Information technology | $2,346 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $1,545 |
| 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 | $1,500 |
| All other expenses | $0 |
| Total functional expenses | $200,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,834 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,215 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $161,049 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $161,049 |
| 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 | $161,049 |
Grants Awarded
Over the last fiscal year, Angelwish Inc has awarded $80,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NORTH BERGEN PURPOSE: VARIOUS GIFTS FOR CHILDREN | $10,000 |
AIDS RES FDN FOR CHILDREN PURPOSE: various gifts for children | $70,000 |