Pasadena Angels Inc
- Assets
- $185.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- La Canada Flintridge, CA
- Founding
- 03/2004
- Data as of
- 12/2023
- EIN
- 90-0037989
Organization Overview
Pasadena Angels Inc is located in La Canada Flintridge, CA. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pasadena Angels Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Pasadena Angels Inc generated $177.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $161.1k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 8 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION ACCOMPLISHES ITS EXEMPT PURPOSE BY WORKING WITH START-UP AND EARLY STAGE COMPANIES, LOCATED PRINCIPALLY IN THE SAN GABRIEL VALLEY, ASSISTING THEM IN DEVELOPING AND EXECUTING GOOD STRATEGIC AND FINANCIAL PLANS, UNDERSTANDING AND ACCESSING EARLY STAGE CAPITAL MARKETS AND AVOIDING BUSINESS FAILURES.ANGEL MEMBERS PARTICIPATE IN PANEL PRESENTATIONS OF VARIOUS OUTSIDE ORGANIZATIONS AND EVENTS FOR EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Krebs Chairman, Secretary | 8 | $0 | |
Kevin Herzberg Vice Chairman | 5 | $0 | |
David Mandel Vice Chairman | 5 | $0 | |
Susan Marki Treasurer | 5 | $0 | |
James Bennett Director | 3 | $0 | |
Sally Dewitt Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $173,390 |
| Investment income | $4,456 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $177,846 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $96,687 |
| Occupancy, rent, utilities, and maintenance | $294 |
| Printing, publications, postage, and shipping | $4,442 |
| Other expenses | $59,725 |
| Total expenses | $161,148 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $185,019 |
| Other assets | $0 |
| Total assets | $185,498 |
| Total liabilities | $0 |
| Net assets or fund balances | $185,498 |