Angell Fund Inc
- Assets
- $507.9k
- Revenue
- $8.6k
- Investments
- $492.5k
- Employees
- 0
- Location
- Gregory, TX
- Founding
- 03/1981
- Data as of
- 12/2022
- EIN
- 74-2160687
Organization Overview
Angell Fund Inc is located in Gregory, TX. The organization was established in 1981. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Angell Fund 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 12/2022, Angell Fund Inc generated $8.6k 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 (10.5%) each year. All expenses for the organization totaled $45.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Angell Fund Inc has awarded 94 individual grants totaling $329,290. 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 |
|---|---|---|---|
Yvonne V Ayers President | 0 | $0 | |
James Christian Ayers Sec/treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69 |
| Dividends & Interest | $17,399 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,854 |
| Capital Gain Net Income | $5,692 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7 |
| Total operating and administrative expenses | $7,570 |
| Contributions, gifts, grants paid | $38,000 |
| Total expenses and disbursements | $45,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,393 |
| Savings and temporary cash investments | $0 |
| 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 | $492,458 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $507,851 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $5,000 |
Grants Awarded
Over the last fiscal year, Angell Fund Inc has awarded $38,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD SAMARITAN RESCUE MISSION PURPOSE: FOR CHARITABLE WORK FOR CHARITABLE | $1,000 |
QUIET TIME MINISTRIES PURPOSE: FOR CHARTIABLE WORK | $1,000 |
ST JUDE'S CHILDREN'S HOSPITAL PURPOSE: CHARITABLE | $10,000 |
THE BARNABAS CONNECTION PURPOSE: CHARITABLE | $2,000 |
TX EQUU SEARCH PURPOSE: CHARITABLE | $8,000 |
MINI EQUINE 2U PURPOSE: CHARITABLE | $1,000 |