Angels Nest Tlp
- Assets
- $1.4m
- Revenue
- $470.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Century City, CA
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 45-3252737
Organization Overview
Angels Nest Tlp is located in Century City, CA. The organization was established in 2012. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2023, Angels Nest Tlp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angels Nest Tlp 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, Angels Nest Tlp generated $470.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $546.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Angels Nest Tlp has awarded 11 individual grants totaling $476,230. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ANGEL'S NEST TRANSITIONAL LIVING PROGRAM'S MISSION IS TO CREATE A SAFE AND HEALTHY ENVIRONMENT FOR FORMER FOSTER YOUTH SO THEY CAN REACH THEIR POTENTIAL AND BECOME CONTRIBUTING MEMBERS OF SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OANGELS NEST TRANSITIONAL LIVING PROGRAM (TLP) IS A PRIVATELY FUNDED 501(C)(3) NON-PROFIT ORGANIZATION DESIGNED TO SUPPORT FORMER FOSTER YOUTH WHO HAVE AGED OUT OF THE FOSTER CARE SYSTEM. ANGELS NEST ASSISTS FORMER YOUTH WHO ARE ATTENDING COLLEGE, PRIMARILY AT CALIFORNIA STATE UNIVERSITY DOMINGUEZ HILLS, WHICH SERVES APPROXIMATELY 120 SUCH STUDENTS. ANGELS NEST PROVIDES FUNDS FOR HOUSING AND OTHER ESSENTIALS WHILE CLIENTS ARE INVOLVED IN THE PROGRAM, WHILE ALSO PROVIDING MENTORING, LIFE SKILLS AND OTHER NECESSARY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Astrid Hager Director | Trustee | 1 | $0 |
Elizabeth Pigg Director | Trustee | 1 | $0 |
John Girardi Director | Trustee | 1 | $0 |
Matine Zoller Director | Trustee | 1 | $0 |
Robert Baker Director | Trustee | 1 | $0 |
Arzo Yusuf Executive Director | Officer | 60 | $156,156 |
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 | $21,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,018 |
| Total Program Service Revenue | $0 |
| Investment income | $448,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $469,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $244,317 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,156 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,664 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $20,474 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,674 |
| Advertising and promotion | $12,575 |
| Office expenses | $13,083 |
| Information technology | $5,351 |
| Royalties | $0 |
| Occupancy | $15,832 |
| Travel | $7,981 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,627 |
| All other expenses | $31,269 |
| Total functional expenses | $546,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,123 |
| Savings and temporary cash investments | $17,412 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $494,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $842,994 |
| Total assets | $1,359,648 |
| Accounts payable and accrued expenses | $14,897 |
| Grants payable | $0 |
| 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 | $90 |
| Total liabilities | $14,987 |
| Net assets without donor restrictions | $1,344,661 |
| Net assets with donor restrictions | $0 |
| 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 | $1,359,648 |
Grants Awarded
Over the last fiscal year, Angels Nest Tlp has awarded $230,530 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LOS ANGELES UNIFED SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $8,581 |
CSULB 49ERS FOUNDATION PURPOSE: GENERAL SUPPORT | $21,000 |
CAL STATE LA FOUNDATION PURPOSE: GENERAL SUPPORT | $70,193 |
CSUDH PHILANTHROPIC FOUNDATION PURPOSE: GENERAL SUPPORT | $92,300 |
CAL STATE UNIVERSITY POLYTECHNIC OF POMONA PURPOSE: EMERGENCY STUDENT HOUSING, EDUCATION SUPPLIES, BASIC NEEDS, COVID PPE, BOOKS | $38,456 |