Ross Angel Foundation is located in Greensboro, NC. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ross 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 12/2022, Ross Angel Foundation generated $150.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $542.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ross Angel Foundation has awarded 230 individual grants totaling $1,327,900. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Forman Secretary/treasurer | 1 | $0 | |
Russellene Angel President | 1 | $0 | |
William R Johnson Vice President | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $79,780 |
Interest on Savings | $15,943 |
Dividends & Interest | $68,120 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$470 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | -$12,815 |
Total Revenue | $150,558 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $4,900 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $17,742 |
Contributions, gifts, grants paid | $525,000 |
Total expenses and disbursements | $542,742 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $10,051 |
Savings and temporary cash investments | $1,313,185 |
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 | $706,713 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $4,145,677 |
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 |
Over the last fiscal year, Ross Angel Foundation has awarded $525,000 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
TUNNEL TO TOWERS FOUNDATION PURPOSE: TO SUPPORT FOUNDATION | $250,000 |
GREENSBORO COLLEGE PURPOSE: TO SUPPORT SCHOLARSHIP FUND | $50,000 |
HILLSDALE COLLEGE PURPOSE: TO SUPPORT SCHOLARSHIP FUND | $75,000 |
CAMPBELL UNIVERSITY PURPOSE: TO SUPPORT SCHOLARSHIP FUND | $75,000 |
UNIVERSITY OF THE CUMBERLANDS PURPOSE: TO SUPPORT SCHOLARSHIP FUND | $75,000 |