Angel Fund Inc
- Assets
- $414.5k
- Revenue
- $164.8k
- Investments
- $57.6k
- Employees
- 0
- Location
- Hibbing, MN
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-3348012
Organization Overview
Angel Fund Inc is located in Hibbing, MN. The organization was established in 2016. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angel Fund 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 12/2021, Angel Fund Inc generated $164.8k 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 (3.5%) each year. All expenses for the organization totaled $66.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER FINANCIAL ASSISTANCE TO NORTHERN MINNESOTA RESIDENTS FACING CANCER FOR EXPENSES NOT COVERED BY MEDICAL INSURANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL ASSISTANCE PROVIDED THROUGH 161 GRANTS TO HELP DEFRAY COSTS RELATED TO CANCER NOT COVERED BY INSURANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Grinsteinner President | OfficerTrustee | 1 | $0 |
Nicole Freeman Treasurer | OfficerTrustee | 1 | $0 |
Shannon Petroske Vice President | OfficerTrustee | 1 | $0 |
Kari Kilen Secretary | Trustee | 1 | $0 |
Katie Finch Board Member | Trustee | 1 | $0 |
Katie Gustafson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,750 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,668 |
| Total Program Service Revenue | $0 |
| Investment income | $3,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,622 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $61,611 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $440 |
| Office expenses | $593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,318 |
| All other expenses | $0 |
| Total functional expenses | $66,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,974 |
| Savings and temporary cash investments | $257,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $57,607 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $414,493 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $324,493 |
| Net assets with donor restrictions | $90,000 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $414,493 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Angel Fund Inc has recieved totaling $12,029.
| Awarding Organization | Amount |
|---|---|
United Way Of Northeastern Minnesota Inc Chisholm, MN PURPOSE: SUPPORT FOR CANCER VICTIMS. | $10,000 |
Owens Family Charitable Foundation Wilmington, DE PURPOSE: IN SUPPORT OF ROCK FOR AN ANGEL | $1,000 |
Security State Bank Foundation Hibbing, MN PURPOSE: GENERAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Make-A-Wish Foundation Of Wisconsin Inc Wauwatosa, WI | $20,875,834 | $8,322,945 |
Make-A-Wish Foundation Of Minnesota Saint Paul, MN | $4,851,224 | $4,131,969 |
Ronald Mcdonald House Charities Of Eastern Wisconsin Inc Wauwatosa, WI | $44,058,995 | $8,974,077 |
Ronald Mcdonald House Of Rochester Mn Inc Rochester, MN | $26,737,423 | $3,630,445 |
Make-A-Wish Foundation Of Iowa Inc Urbandale, IA | $5,808,945 | $4,694,696 |
Make A Wish Foundation Of South Dakota Sioux Falls, SD | $13,418,496 | $2,186,251 |
Ronald Mcdonald House Of Charities Of Madison Inc Madison, WI | $15,608,124 | $1,515,316 |
Gift Of Life Inc Rochester, MN | $13,376,304 | $2,566,131 |
Kathys House Inc Milwaukee, WI | $11,783,596 | $2,623,692 |
Ronald Mcdonald House Charities Of Eastern Iowa And Western Illinois Iowa City, IA | $7,817,603 | $3,605,915 |
Autism Society Of Minnesota St Paul, MN | $1,264,323 | $2,100,028 |
Ronald Mcdonald House Charities Of Central Iowa Inc Des Moines, IA | $16,943,525 | $2,080,280 |