Angelheart Inc is located in Round Rock, TX. The organization was established in 2001. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 08/2023, Angelheart Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angelheart 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 08/2023, Angelheart Inc generated $4.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $4.1m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 4 years. 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
TO CARE FOR CHILDREN - A TEXAS STATE APPROVED FOSTER CARE AND ADOPTION PLACEMENT SERVICE FOR CHILDREN UNDER THE AGE OF 18 THAT ARE IN FAMILY OR SELF CRISIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVENUES ARE SPENT ENTIRELY ON ADOPTIVE AND FOSTER CHILDREN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mickey Foster President | Officer | 0 | $0 |
Lisa Williamson Secretary | Officer | 0 | $0 |
Shiela Falco Executive Director | Trustee | 45 | $61,819 |
Lonnie Wendling Board Member | Officer | 0 | $0 |
Meghan Oldis Executive Director | OfficerTrustee | 45 | $85,822 |
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 | $3,011 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,011 |
Total Program Service Revenue | $4,311,163 |
Investment income | $5,421 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $395,960 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,716,605 |
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. | $259,510 |
Compensation of current officers, directors, key employees. | $94,926 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,182,170 |
Pension plan accruals and contributions | $19,452 |
Other employee benefits | $121,682 |
Payroll taxes | $120,848 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $20,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $63,958 |
Advertising and promotion | $914 |
Office expenses | $17,353 |
Information technology | $42,032 |
Royalties | $0 |
Occupancy | $63,394 |
Travel | $59,032 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $45,992 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $72,538 |
Insurance | $85,388 |
All other expenses | $1,925,683 |
Total functional expenses | $4,130,647 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,379,363 |
Savings and temporary cash investments | $4,647,140 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $317,481 |
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 | $1,759,131 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,103,115 |
Accounts payable and accrued expenses | $113,190 |
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 | $1,220,391 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,333,581 |
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 | $6,769,534 |
Total liabilities and net assets/fund balances | $8,103,115 |