Queen City Angels
- Assets
- $35.6k
- Revenue
- $382.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Norwood, OH
- Founding
- 08/2016
- Data as of
- 09/2023
- 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 09/2023, Queen City Angels generated $382.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $378.3k during the year ending 09/2023. While expenses have increased by 8.9% per year over the past 8 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
2023
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/NATIONAL 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 ENTREPRENEUERS COACHED AND MENTORED ON THEIR SPECIFIC BUSINESS MODEL, MARKET FEASIBILITY, AND SUCCESS FACTORS.
EKICKSTART - MONTHY SPEAKER SERIES EDUCATING ENTREPENEUERS ON NUMEROUS TOPICS AND SUBJECT MATTER OF INTEREST.
ENTREPRENEUR BOOT CAMP - SUPPORT PROVIDED TO QCA EDUCATION FOUNDATION (QUEEN CITY ANGELS' NON-PROFIT) ENTREPRENEUR BOOT CAMP. THIS IS AN INTENSIVE TWO-DAY WORKSHOP CREATED IN 2001 FOR EARLY-STAGE GROWTH COMPANIES AND FUTURE ENTREPRENEURS. THE EVENT LEVERAGES 13 SESSIONS WITH TOPIC AREAS INCLUDING INTELLECTUAL PROPERTY, STRATEGIC MARKETING, CONTRACTS, BUILDING YOUR TEAMS, SOCIAL MEDIA, FINANCIALS, AND HOW TO PITCH ANGEL INVESTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Baggott Director | Trustee | 2 | $0 |
Ted Capossela Director | Trustee | 2 | $0 |
Tony Shipley President | OfficerTrustee | 2 | $0 |
John Habbert Treasurer | OfficerTrustee | 2 | $0 |
Dan Geeding Secretary | OfficerTrustee | 2 | $0 |
Scott Jacobs Executive Director | Officer | 40 | $110,038 |
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 | $50,922 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,922 |
| Total Program Service Revenue | $331,336 |
| 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 | $382,258 |
| 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. | $110,038 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,071 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,811 |
| Advertising and promotion | $16,643 |
| Office expenses | $1,636 |
| Information technology | $9,891 |
| Royalties | $0 |
| Occupancy | $25,923 |
| Travel | $5,002 |
| 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 | $0 |
| All other expenses | $2,719 |
| Total functional expenses | $378,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,439 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,167 |
| 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 | $35,606 |
| Accounts payable and accrued expenses | $11,376 |
| 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 | $11,376 |
| 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 | $24,230 |
| Total liabilities and net assets/fund balances | $35,606 |