East High Angel Foundation
- Assets
- $935.7k
- Revenue
- $322.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 08/2003
- Data as of
- 06/2024
- EIN
- 32-0069773
Organization Overview
East High Angel Foundation, operating under the name East Angel Friends and Alumni Foundation and East Angel Foundation, is located in Denver, CO. The organization was established in 2003. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Angel Friends and Alumni Foundation and East Angel 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 06/2024, East Angel Friends and Alumni Foundation and East Angel Foundation generated $322.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $314.0k during the year ending 06/2024. While expenses have increased by 5.2% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE IS TO SUPPORT DENVER EAST HIGH SCHOOL IN ACHIEVING ITS MISSION BY; CLOSING THE FUNDING GAP FOR STUDENTS WORKING IN PARTNERSHIP WITH THE SCHOOL TO FOSTER COMMUNITY PROMOTING STUDENT ACHIEVEMENT SUPPORTING ALUMNI RELATIONS AND PRESERVING THE HISTORY OF THE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAFAF SUPPORTS ALUMNI DEVELOPMENT AND REUNIONS THE HERITAGE HALL MUSEUM EAST HISTORY MAINTENANCE AND UPKEEP OF THE MUSEUM AND DOCUMENTATION AND PLANNING FOR THE SCHOOLS SESQUICENTENNIAL.
FOR THE 2023-2024 SCHOOL YEAR EAFAF FACULTY STAFF GRANTS COMMITTEE RECEIVED 26 GRANT APPLICATIONS TOTALING APPROXIMATELY $96,000. EAFAF FULLY AND OR PARTIALLY FUNDED 21 GRANTS FOR $44,569 AND FUNDED OTHER SCHOOL NEEDS FOR AN ADDITIONAL $5583. THESE FUNDS ENHANCED STUDENT ACHIEVEMENT IN SCIENCE DANCE MUSIC ENGINEERING MATH JOURNALISM SPECIAL EDUCATION AND OTHER DEPARTMENTS.
THE EAST ANGEL FRIENDS AND ALUMNI FOUNDATION PROVIDES SCHOLARSHIPS TO DESERVING GRADUATING STUDENTS WHO HAVE ATTENDED EAST HIGH SCHOOL FOR A MINIMUM OF THREE YEARS AND EXHIBITS EXCELLENCE IN ACADEMICS AS WELL AS STRONG PARTICIPATION IN SCHOOL AND COMMUNITY ACTIVITIES AND THE STUDENT MUST DEMONSTRATE CHARACTER AND COMMITMENT TO THEIR EDUCATION. FAMILY MEMBERS OF THE EAFAF BOARD ARE NOT ELIGIBLE FOR THESE SCHOLARSHIPS. FOR THE 2023-2024 SCHOOL YEAR THERE WERE OVER 100 APPLICANTS AND EAFAF AWARDED 31 INDIVIDUAL SCHOLARSHIPS RANGING FROM $2,000 - $100,000 FOR A TOTAL OF $192,000 AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terita Walker Principal Ex-Officio Non Voting Member | Trustee | 5 | $0 |
Sheila Macdonald President | OfficerTrustee | 10 | $0 |
Pamela Sweeney Morin Treasurer | OfficerTrustee | 10 | $0 |
Michele Brown Secretary | OfficerTrustee | 5 | $0 |
Greg Goldberg Scholarship Co-Chair | Trustee | 5 | $0 |
Cindy Eastman Fund Raising Co-Chair | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,708 |
| Total Program Service Revenue | $0 |
| Investment income | $39,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $185 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $116 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $151,054 |
| Grants and other assistance to domestic individuals. | $74,000 |
| 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 | $1,218 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $904 |
| Fees for services: Other | $9,642 |
| Advertising and promotion | $0 |
| Office expenses | $667 |
| Information technology | $3,807 |
| 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 | $2,819 |
| All other expenses | $7,440 |
| Total functional expenses | $313,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,176 |
| Savings and temporary cash investments | $475,481 |
| 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 | $24,016 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $223,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $935,746 |
| Accounts payable and accrued expenses | $1,030 |
| Grants payable | $250,000 |
| 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 | $251,030 |
| Net assets without donor restrictions | $361,237 |
| Net assets with donor restrictions | $323,479 |
| 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 | $935,746 |
Grants Awarded
Over the last fiscal year, East High Angel Foundation has awarded $151,054 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOWARD UNIVERSITY PURPOSE: Scholarship for East student | $25,000 |
DENVER EAST HIGH SCHOOL PURPOSE: Teacher and faculty grants | $12,721 |
ARTS FOR EAST (DENVER EAST FORENSICS TEAM) PURPOSE: Grants for the music and theater departments | $13,333 |
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA PURPOSE: Scholarship for East student | $100,000 |