Ross Angel Foundation
- Assets
- $4.1m
- Revenue
- $150.6k
- Investments
- $2.8m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 56-2013753
Organization Overview
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Forman Secretary/treasurer | 1 | $0 | |
Russellene Angel President | 1 | $0 | |
William R Johnson Vice President | 1 | $0 |
Financial Statements
| 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 |
Grants Awarded
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 |