Fallen Angels Foundation Inc
- Assets
- $822.5k
- Revenue
- $91.0k
- Investments
- $794.2k
- Employees
- 0
- Location
- New Hope, PA
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 22-3830268
Organization Overview
Fallen Angels Foundation Inc is located in New Hope, PA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fallen Angels Foundation 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 12/2023, Fallen Angels Foundation Inc generated $91.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $91.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fallen Angels Foundation Inc has awarded 170 individual grants totaling $370,258. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry S Gluck President | 0 | $0 | |
Joan D'autremont Gluck Vice President | 0 | $0 | |
Kenneth W Van Leeuwen Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $1,172 |
| Dividends & Interest | $16,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,267 |
| Capital Gain Net Income | $23,267 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $213 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $225 |
| Total operating and administrative expenses | $49,845 |
| Contributions, gifts, grants paid | $41,540 |
| Total expenses and disbursements | $91,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,251 |
| Savings and temporary cash investments | $7,093 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $259,472 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $822,536 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fallen Angels Foundation Inc has awarded $41,540 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
A WOMAN'S PLACE PURPOSE: SHELTER FOR ABUSED WOMEN | $2,500 |
ACHILLES INTERNATIONAL PURPOSE: SUPPORT FOR BLIND RUNNERS | $1,500 |
AWOW (A WALK ON WATER) PURPOSE: PROVIDING WATER EXPERIENCES FOR DEBILITATED AND LEARNING DIFFERENCED CHILDREN | $1,500 |
BUCKS COUNTY FAMILY SERVICES PURPOSE: SUPPORT FOR UNDERPRIVILEGED FAMILIES,COUNSELING, FOOD, TUTORING AND SCHOOL SUPPLIES | $3,500 |
CANINE PARTNERS PURPOSE: TRAINING FOR SERVICE DOGS | $2,500 |
COVENANT HOUSE PURPOSE: FOOD, SHELTER & COUNSELING FOR RUNAWAY CHILDREN | $2,500 |