Angelheart Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Mickey Foster
President
$0
Lisa Williamson
Secretary
$0
Shiela Falco
Executive Director
$61,819
Lonnie Wendling
Board Member
$0
Meghan Oldis
Executive Director
$85,822

Financial Statements

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

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