Paul M Angell Family Foundation
- Assets
- $91.9m
- Revenue
- $55.0m
- Investments
- $26.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 27-4818015
Organization Overview
Paul M Angell Family Foundation is located in Chicago, IL. The organization was established in 2011. 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. Paul M Angell Family Foundation 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, Paul M Angell Family Foundation generated $55.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $36.1m during the year ending 12/2023. While expenses have increased by 9.6% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONETHE FOUNDATION ONLY CONTRIBUTED CASH TO OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Johnson Direct/treas | 2 | $0 | |
James S Angell Direct/pres | 15 | $0 | |
Michael T Angell Direct/sec | 15 | $0 | |
Sharon Angell Director | 2 | $0 | |
Kimberly R Van Horn Managing Direct | 40 | $258,319 | |
Rupal H Soni Program Officer | 40 | $127,667 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lydon Fetterolf Corydon Pa | 12/30/23 | $93,600 |
Morton Group | 12/30/23 | $85,052 |
Cibc Private Wealth | 12/30/23 | $124,819 |
Torkelson Consulting Inc | 12/30/23 | $70,783 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,000,250 |
| Interest on Savings | $2,980,247 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,980,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $258,319 |
| Other employee salaries and wages | $733,710 |
| Pension plans, employee benefits | $77,794 |
| Interest | $0 |
| Taxes | $108,527 |
| Depreciation | $2,669 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $132,864 |
| Printing and publications | $0 |
| Other expenses | $198,658 |
| Total operating and administrative expenses | $1,988,494 |
| Contributions, gifts, grants paid | $34,078,136 |
| Total expenses and disbursements | $36,066,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,706,529 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $28,568 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,450 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,707 |
| Other assets | $0 |
| Total assets | $91,855,519 |
| Accounts payable and accrued expenses | $35,190 |
| Grants payable | $60,000 |
| 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 | $95,190 |