I Am Angel Foundation
- Assets
- $649.9k
- Revenue
- $699.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Wauwatosa, WI
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 27-3419857
Organization Overview
I Am Angel Foundation is located in Wauwatosa, WI. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I Am Angel Foundation 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, I Am Angel Foundation generated $699.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $340.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES AND FUNDS EDUCATIONAL PROGRAMS THAT FOCUS ON COLLEGE PREPARATION AS WELL AS STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATH) THROUGH SCHOLARSHIPS AND GRANTS TO ORGANIZATIONS THAT WORK TO ASSIST UNDERSERVED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tatiana Litvin Executive Director | 40 | $146,833 | |
William Adams President | 10 | $0 | |
Liborio Molina Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $699,741 |
| Interest on Savings | $131 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $699,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $146,833 |
| Other employee salaries and wages | $64,574 |
| Pension plans, employee benefits | $13,482 |
| Interest | $0 |
| Taxes | $15,916 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,933 |
| Total operating and administrative expenses | $285,466 |
| Contributions, gifts, grants paid | $55,468 |
| Total expenses and disbursements | $340,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,291 |
| Savings and temporary cash investments | $235,573 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $649,864 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, I Am Angel Foundation has awarded $55,468 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Peter, MN PURPOSE: SCHOLARSHIPS | $29,550 |
FUNDACION PIES DESCALZOS PURPOSE: ROBOT CHALLENGE KITS | $10,400 |
APLDEAP FOUNDATION INTERNATIONAL PURPOSE: GENERAL SUPPORT | $10,000 |
FIRST TECH CHALLENGE UK & IRELAND PURPOSE: HARRIS CITY ACADEMY | $5,518 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that I Am Angel Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Hicks Family Foundation Goldendale, WA PURPOSE: TO SUPPORT STEM PROGRAMS AND ROBOTICS COMPETITIONS IN SCHOOLS IN UNDERSERVED COMMUNITIES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |