Holy Angels Inc
- Assets
- $9.1m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 457
- Location
- Belmont, NC
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 51-0230406
Organization Overview
Holy Angels Inc is located in Belmont, NC. The organization was established in 1946. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 06/2023, Holy Angels Inc employed 457 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Angels 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 06/2023, Holy Angels Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $9.6m during the year ending 06/2023. While expenses have increased by 4.0% 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
HOLY ANGELS, INC. PROVIDES SUPPORT TO ITS RELATED EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLY ANGELS INC. OFFERS PROGRAMS AND SERVICES FOR CHILDREN AND ADULTS WITH VARYING DEGREES OF INTELLECTUAL DEVELOPMENTAL DISABILITIES AND DELICATE MEDICAL CONDITIONS. HOLY ANGELS' RESIDENTIAL PROGRAM SERVICE ACCOMPLISHMENTS HAVE HAD INCREASED GROWTH SPECIFICALLY IN MEDICAL AND DENTAL SERVICES DUE TO THE COMPLEXITY OF THE DISABILITIES OF THE INDIVIDUALS SERVED. WE CONTINUE TO EXPAND OTHER DAY PROGRAMS AND SERVICES IN EFFORT TO SERVE MORE CLIENTS WITHIN THE COMMUNITY WHILE OFFERING A LARGER ARRAY OF MORE DIVERSE SERVICES.
IN FURTHERANCE OF ITS CHARITABLE MISSION AND THE CHARITABLE MISSION OF ITS RELATED ENTITIES, HOLY ANGELS, INC. PROVIDES ADMINISTRATIVE SERVICES FOR HOLY ANGELS SERVICES, INC. AND HOLY ANGELS FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kaye Mcgarry Chair | OfficerTrustee | 1 | $0 |
Jason Shoemaker Vice Chair | OfficerTrustee | 1 | $0 |
Hans L Lengers Past Chair | OfficerTrustee | 1 | $0 |
Greg Adams Director | Trustee | 1 | $0 |
Maggie Baucom Director | Trustee | 1 | $0 |
Shelton Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $465,132 |
| Government grants | $381,115 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $846,247 |
| Total Program Service Revenue | $9,722,606 |
| Investment income | $1,257 |
| 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 | $10,570,110 |
| 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. | $1,054,489 |
| Compensation of current officers, directors, key employees. | $884,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,621,247 |
| Pension plan accruals and contributions | $128,277 |
| Other employee benefits | $448,022 |
| Payroll taxes | $424,081 |
| 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 | $716,152 |
| Advertising and promotion | $46,796 |
| Office expenses | $188,142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $530,451 |
| Travel | $1,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,854 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $338,702 |
| Insurance | $218,618 |
| All other expenses | $112,694 |
| Total functional expenses | $9,587,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,210,890 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,833,771 |
| Accounts receivable, net | $782,715 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $173,050 |
| Prepaid expenses and deferred charges | $132,866 |
| Net Land, buildings, and equipment | $1,661,955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $309,495 |
| Total assets | $9,104,742 |
| Accounts payable and accrued expenses | $890,575 |
| 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 | $309,635 |
| Total liabilities | $1,200,210 |
| Net assets without donor restrictions | $6,070,761 |
| Net assets with donor restrictions | $1,833,771 |
| 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 | $9,104,742 |