Angel Wings Foundation
- Assets
- $5.6m
- Revenue
- $754.7k
- Investments
- $3.7m
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 72-1191792
Organization Overview
Angel Wings Foundation is located in Metairie, LA. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Angel Wings 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 06/2022, Angel Wings Foundation generated $754.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $676.0k during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 4 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.
Since 2020, Angel Wings Foundation has awarded 124 individual grants totaling $867,614. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Stassi II Treasurer | 0 | $0 | |
Cindy Paulin President | 5 | $0 | |
Adriane Spencer Director | 0 | $0 | |
Terrence E Hall Director | 0 | $0 | |
Briscoe C Campbell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $94,957 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $419,962 |
| Capital Gain Net Income | $419,962 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $239,745 |
| Total Revenue | $754,669 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $67,423 |
| Taxes | $0 |
| Depreciation | $105,943 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $284,949 |
| Total operating and administrative expenses | $463,315 |
| Contributions, gifts, grants paid | $212,694 |
| Total expenses and disbursements | $676,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,448 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,859,758 |
| Other assets | $1 |
| Total assets | $5,636,799 |
| 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 | $1,495,358 |
| Total liabilities | $1,495,358 |
Grants Awarded
Over the last fiscal year, Angel Wings Foundation has awarded $212,694 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
RAINTREE CHILDREN AND FAMILY SERVIC PURPOSE: PROGRAM SUPPORT | $60,144 |
Jefferson, LA PURPOSE: PROGRAM SUPPORT | $31,000 |
ST ELIZABETH'S GUILD PURPOSE: PROGRAM SUPPORT | $15,000 |
THE GOOD SHEPHERD SCHOOL PURPOSE: PROGAM SUPPORT | $11,000 |
CHILDREN'S HOSPITAL OF NEW ORLEANS PURPOSE: PROGRAM SUPPORT | $10,000 |
ST MICHAEL'S SPECIAL SCHOOL PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Houston Houston, TX | $90,238,589 | $64,032,577 |
United Way Of Metropolitan Dallas Inc Dallas, TX | $52,867,984 | $61,265,319 |
United Way Of San Antonio & Bexar County San Antonio, TX | $74,846,616 | $63,219,295 |
United Way Of Tarrant County Fort Worth, TX | $18,831,781 | $22,745,265 |
United Way For Greater Austin Austin, TX | $12,924,459 | $23,251,775 |
United Way Of Denton County Inc Denton, TX | $7,662,302 | $25,065,055 |
Circle Of Life Springdale, AR | $23,639,439 | $20,357,791 |
Valero Energy Foundation San Antonio, TX | $27,234,889 | $9,027,256 |
Jewish Federation Of Greater Houston Houston, TX | $13,164,896 | $16,157,692 |
United Way Of Southeast Louisiana New Orleans, LA | $29,969,457 | $17,838,416 |
Jewish Federation Of Greater Dallas Dallas, TX | $18,027,508 | $11,762,815 |
Shalom Austin Austin, TX | $8,435,174 | $13,067,909 |