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Nonprofiteer
← ANGEL INVESTOR FOUNDATION

Form 990 for tax year 2023

Filed by ANGEL INVESTOR FOUNDATION.

Totals

Total revenue
$570,300
Total expenses
$618,649
Contributions and grants received
$273,751
Grants paid
$200,000
Program service revenue
$265,316
Investment income
$29,816
Other revenue
$1,417
Total assets, end of year
$914,673
Total liabilities, end of year
$42,369
Net assets or fund balances, end of year
$872,304
Program services expenses (Part IX)
$351,486
Management and general expenses
$261,163
Fundraising expenses
$6,000
Program service expenses (Part III)
$351,486

Program services were 56.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $273,751

  • 1g · Noncash contributions included above

    $88,806

  • 2a · Program service revenue: REGISTRATIONS

    total $226,316 · related or exempt $226,316

  • 2b · Program service revenue: SPONSORSHIPS

    total $39,000 · related or exempt $39,000

  • 3 · Investment income

    total $29,816 · excluded $29,816

  • 5 · Royalties

    total $1,017 · excluded $1,017

  • 11a · Other revenue: MISCELLANEOUS

    total $400 · excluded $400

  • 11e · Other revenue, total

    $400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200,000 · program services $200,000

  • 7 · Other salaries and wages

    total $297,828 · program services $138,729 · management and general $159,099

  • 11e · Fees: professional fundraising services

    total $6,000 · fundraising $6,000

  • 11g · Fees: other

    total $31,743 · program services $9,048 · management and general $22,695

  • 12 · Advertising and promotion

    total $19,333 · management and general $19,333

  • 13 · Office expenses

    total $1,350 · program services $109 · management and general $1,241

  • 18 · Travel or entertainment for public officials

    total $14,057 · management and general $14,057

  • 24a · Other expenses: MISCELLANEOUS

    total $34,785 · management and general $34,785

  • 24b · Other expenses: BOOKS / SUBSCRIPTIONS

    total $6,702 · management and general $6,702

  • 24c · Other expenses: REGISTRATION EXPENSES

    total $3,600 · program services $3,600

  • 24d · Other expenses: BANK AND CREDIT CARD FE

    total $3,251 · management and general $3,251

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $493,429 · end of year $229,581

  • 2 · Savings and temporary cash investments

    beginning of year $321,476 · end of year $639,553

  • 3 · Pledges and grants receivable

    beginning of year $167,934 · end of year $44,213

  • 9 · Prepaid expenses and deferred charges

    beginning of year $900 · end of year $900

  • 15 · Other assets

    beginning of year $0 · end of year $426

  • 17 · Accounts payable and accrued expenses

    beginning of year $276 · end of year $20,819

  • 19 · Deferred revenue

    beginning of year $4,000 · end of year $21,550

  • 25 · Other liabilities

    beginning of year $59,090 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $652,439 · end of year $825,091

  • 28 · Net assets with donor restrictions

    beginning of year $267,934 · end of year $47,213

Mission and programs · 2023

Mission

THE MISSION OF ANGEL INVESTOR FOUNDATION IS TO ADVANCE THE ARTS AND SCIENCES OF ANGEL INVESTING THROUGH EDUCATION, RESEARCH, AND OTHER CHARITABLE ACTIVITIES IN SUPPORT OF THE MISSION, VISION, STRATEGY, AND GOALS OF ITS AFFILIATED ORGANIZATION, ANGEL CAPITAL ASSOCIATION.

Activities or mission (Part I)

TO SUPPORT THE MISSION OF ANGEL CAPITAL ASSOCIATION.

  • PROGRAM SERVICE ACCOMPLISHMENTS: ADVANCE THE ARTS AND SCIENCES OF ANGEL INVESTING THROUGH EDUCATION, RESEARCH, AND OTHER CHARITABLE ACTIVITIES IN SUPPORT OF THE MISSION, VISION, STRATEGY, AND GOALS OF ITS AFFILIATED ORGANIZATION, ANGEL CAPITAL ASSOCIATION.

    Expenses $351,486 · Grants $200,000 · Revenue $265,316

As filed on the 2023 return.

Listed in Part VII

  • Marcia Dawood

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 30 related

  • Ron Weissman

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 30 related

  • John Harbison

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 30 related

  • Patrick Gouhin

    CEO & PRESIDENT

    Total calculated
    $208,732
    From this org
    $0
    From related orgs
    $194,196
    Other
    $14,536
    Hours/week
    2 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,296 related
    Bonus
    $0 + $37,900 related
    Other
    $0
    Deferred
    $0 + $1,800 related
    Nontaxable benefits
    $0 + $12,736 related
    Filer's total
    $0 + $208,732 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 March 2025
IRS schema version
2023v6.0
Source object
202510749349300006

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