Queen City Angels
- Assets
- $51.6k
- Revenue
- $236.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Norwood, OH
- Founding
- 08/2016
- Data as of
- 09/2021
- EIN
- 46-5363308
Organization Overview
Queen City Angels is located in Norwood, OH. The organization was established in 2016. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Queen City Angels 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 09/2021, Queen City Angels generated $236.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $232.3k during the year ending 09/2021. While expenses have increased by 3.3% per year over the past 6 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
THE CORPORATION IS ORGANIZED FOR THE PURPOSES OF BUILDING AND PROMOTING A VIBRANT ENTREPRENEURIAL SECTOR IN GREATER CINCINNATI, OHIO AND BEYOND THAT SUSTAINS INNOVATIVE START-UPS AND EMERGING BUSINESSES; EDUCATING THE REGIONAL BUSINESS COMMUNITIES ON OPPORTUNITIES TO ASSIST SUCH COMPANIES (THIS IS NOW ACCOMPLISHED THROUGH A SEPARATE, RELATED 501(C)(3) TAX-EXEMPT ENTITY, QCA EDUCATION FOUNDATION); TO FACILITATE INVESTING IN BUSINESSES; AND PROVIDING A FORUM FOR THE DISSEMINATION OF IDEAS, BUSINESS PRACTICES, AND OTHER INFORMATION AMONG REGIONAL EMERGING START-UP AND EMERGING COMPANIES. THE SPECIFIC PURPOSES FOR WHICH THE CORPORATION IS FORMED IS CONDUCTING ANY AND ALL ACTIVITIES CONSISTENT WITH, ANCILLARY TO, SUCH PURPOSES, AND CARRYING-ON ANY ACTIVITIES PERMITTED UNDER THE NON-PROFIT CORPORATION LAWS OF THE STATE OF OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORNING MENTORING - OVER 300 ENTREPRENEURS COACHED AND MENTORED ON THEIR SPECIFIC BUSINESS MODEL, MARKET FEASIBILITY, AND SUCCESS FACTORS.
EKICKSTART - MONTHLY SPEAKER SERIES EDUCATING ENTREPRENEURS ON NUMEROUS TOPICS AND SUBJECT MATTER OF INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Jacobs Executive Director | Officer | 40 | $108,591 |
Dan Geeding Secretary | OfficerTrustee | 2 | $0 |
Tony Shipley President | OfficerTrustee | 2 | $0 |
John Habbert Treasurer | OfficerTrustee | 2 | $0 |
Steve Baggott Director | Trustee | 2 | $0 |
Ted Capossela Director | Trustee | 2 | $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 | $71,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,200 |
| Total Program Service Revenue | $165,359 |
| Investment income | $5 |
| 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 | $236,564 |
| 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. | $108,922 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,981 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,811 |
| Advertising and promotion | $1,297 |
| Office expenses | $11,117 |
| Information technology | $12,319 |
| Royalties | $0 |
| Occupancy | $5,972 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $293 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,945 |
| All other expenses | $0 |
| Total functional expenses | $232,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,667 |
| 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 | $51,552 |
| Accounts payable and accrued expenses | $31,008 |
| 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 | $5,000 |
| Total liabilities | $36,008 |
| Net assets without donor restrictions | $0 |
| 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 | $15,544 |
| Total liabilities and net assets/fund balances | $51,552 |
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