Attic Angel Association
- Assets
- $17.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 346
- Location
- Madison, WI
- Founding
- 01/1955
- Data as of
- 03/2024
- EIN
- 39-0854841
Organization Overview
Attic Angel Association is located in Madison, WI. The organization was established in 1955. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 03/2024, Attic Angel Association employed 346 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Attic Angel Association 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 03/2024, Attic Angel Association generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $1.5m during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Attic Angel Association has awarded 88 individual grants totaling $2,181,761. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERS MEET HEALTH AND HUMAN SERVICE NEEDS WITH SPECIAL CONCERN FOR THE CHILDREN AND ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTIC ANGEL ASSOCIATION - THE ASSOCIATION HAS BEEN AN INDEPENDENT ORGANIZATION FOR OVER 130 YEARS AND CURRENTLY HAS 486 MEMBERS. MEMBERS IMPROVE THE QUALITY OF LIFE FOR APPROXIMATELY 11,000 DANE COUNTY CHILDREN AND ELDERLY THROUGH CONTRIBUTIONS OF TIME, TALENT, AND FINANCIAL RESOURCES.
ATTIC ANGEL MANAGEMENT SERVICES, LLC PROVIDES MANAGEMENT SERVICES TO NONPROFIT SENIOR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Schultz Chair | OfficerTrustee | 15 | $0 |
Terry Mouchayleh Vice Chair | OfficerTrustee | 15 | $0 |
Michele Joslyn Past Chair | OfficerTrustee | 15 | $0 |
Cindy Zellers Treasurer | OfficerTrustee | 2 | $0 |
Joyce Behrend Asst. Treasurer | OfficerTrustee | 2 | $0 |
Cristina Barley Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,235 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $695,292 |
| Noncash contributions included in lines 1a–1f | $47,749 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $771,527 |
| Total Program Service Revenue | $192,403 |
| Investment income | $276,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $333,238 |
| Net Income from Fundraising Events | $109,519 |
| Net Income from Gaming Activities | $684 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,683,600 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $227,227 |
| 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. | $121,141 |
| Compensation of current officers, directors, key employees. | $23,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $489,213 |
| Pension plan accruals and contributions | $9,487 |
| Other employee benefits | $65,739 |
| Payroll taxes | $46,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $186,792 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,404 |
| Fees for services: Other | $36,929 |
| Advertising and promotion | $51,381 |
| Office expenses | $20,699 |
| Information technology | $48,157 |
| Royalties | $0 |
| Occupancy | $37,662 |
| Travel | $20,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,210 |
| Interest | $2,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,131 |
| Insurance | $19,843 |
| All other expenses | $38,606 |
| Total functional expenses | $1,518,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,506 |
| Savings and temporary cash investments | $36,784 |
| Pledges and grants receivable | $119,962 |
| Accounts receivable, net | $582,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,700 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,196 |
| Net Land, buildings, and equipment | $2,824,561 |
| Investments—publicly traded securities | $12,881,576 |
| Investments—other securities | $0 |
| Investments—program-related | $595,834 |
| Intangible assets | $0 |
| Other assets | $60,798 |
| Total assets | $17,174,760 |
| Accounts payable and accrued expenses | $359,297 |
| Grants payable | $0 |
| Deferred revenue | $9,300 |
| 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 | $367,191 |
| Total liabilities | $735,788 |
| Net assets without donor restrictions | $15,953,585 |
| Net assets with donor restrictions | $485,387 |
| 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 | $17,174,760 |
Grants Awarded
Over the last fiscal year, Attic Angel Association has awarded $215,864 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ATTIC ANGEL PLACE INC PURPOSE: RESIDENT AID FUND | $46,658 |
AGEBETTER PURPOSE: TO AID IN THEIR MISSION TO WORK COLLABORATIVELY WITH OLDER PEOPLE TO ENHANCE THEIR LIVES | $28,125 |
UNITED WAY OF DANE COUNTY INC PURPOSE: TO HELP PEOPLE OUT WHO RESIDE IN DANE COUNTY | $20,000 |
WAYFORWARD RESOURCES PURPOSE: TO HELP WITH FOOD AND HOUSING SECURITY FOR MIDDLETON RESIDENTS | $20,000 |
HABITAT FOR HUMANITY OF DANE COUNTY PURPOSE: TO HELP FAMILIES IN DANE COUNTY STRUGGLING WITH HOUSING | $17,596 |
RISE WISCONSIN PURPOSE: TO HELP CHILDREN AND FAMILIES WITH EARLY CHILDHOOD AND MENTAL HEALTH SERVICES | $25,000 |