Angel Street Inc
- Assets
- $429.8k
- Revenue
- $609.9k
- Investments
- $6.7k
- Employees
- 8
- Location
- Cordova, TN
- Founding
- 06/2016
- Data as of
- 06/2022
- EIN
- 81-2072853
Organization Overview
Angel Street Inc is located in Cordova, TN. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Angel Street Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angel Street 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 06/2022, Angel Street Inc generated $609.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $442.4k during the year ending 06/2022. While expenses have increased by 9.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ANGEL STREET SEEKS TO EMPOWER YOUNG WOMEN THROUGH MUSIC TO UNDERSTAND THEIR VALUE, DISCOVER THEIR PURPOSE, AND BECOME CREATIVELY EQUIPPED TO SERVE THE MEMPHIS COMMUNITY AS LEADERS.
Describe the Organization's Program Activity:
MUSIC IS THE LARGEST POINT OF OUTREACH FOR ANGELSTREET. GIRLS FROM AREA SCHOOLS AUDITION FOR PLACES WITHIN THE CHOIR. PARTICIPANTS ATTEND WEEKLY REHEARSALS AND ARE INVOLVED IN PERFORMANCES, SONGWRITING, AND RECORDING THROUGHOUT THE YEAR. IT IS A CREATIVE OUTLET TO KEEP KIDS OFF THE STREETS. 40 KIDS PARTICIPATED.
BUILDING AND SUSTAINING RELATIONSHIPS IS A CORE VALUE OF ANGELSTREET. THE OUTREACH PROGRAMS INCLUDE OPPORTUNITIES FOR GIRLS TO PARTICIPATE IN CHARACTER BUILDING ACTIVITIES AND DISCUSSIONS, MENTORSHIP, AND COMMUNITY SERVICE TO THE GREATER MEMPHIS AREA. 40 KIDS PARTICIPATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth A Smith Executive Director | Officer | 40 | $54,165 |
Charlotte Henderson Chairwoman | OfficerTrustee | 1 | $0 |
Lauren Rower Treasurer | OfficerTrustee | 1 | $0 |
Jasmine Martin Secretary | OfficerTrustee | 1 | $0 |
Maria Hardaway Vice Chairwoman | OfficerTrustee | 1 | $0 |
Traci Strickland Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,310 |
| Related organizations | $0 |
| Government grants | $99,668 |
| All other contributions, gifts, grants, and similar amounts not included above | $425,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $600,053 |
| Total Program Service Revenue | $7,831 |
| Investment income | $279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$763 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,477 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $609,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,030 |
| Compensation of current officers, directors, key employees. | $29,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,376 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,179 |
| Payroll taxes | $20,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,790 |
| Advertising and promotion | $8,986 |
| Office expenses | $2,653 |
| Information technology | $8,051 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,420 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,200 |
| Insurance | $6,845 |
| All other expenses | $13,260 |
| Total functional expenses | $442,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,391 |
| Savings and temporary cash investments | $50,062 |
| 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 | $2,126 |
| Net Land, buildings, and equipment | $4,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,720 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $429,849 |
| Accounts payable and accrued expenses | $1,804 |
| 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 | $17,133 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,937 |
| Net assets without donor restrictions | $0 |
| 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 | $429,849 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Angel Street Inc has recieved totaling $150,200.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $51,650 |
Arts Memphis Memphis, TN PURPOSE: OPERATING SUPPORT & RECOVERY | $33,300 |
Day Foundation Memphis, TN PURPOSE: OPERATING SUPPORT | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $20,000 |
Gilliland Family Fund Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $10,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $5,167 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Americas Foundation Reston, VA | $108,030,545 | $39,445,693 |
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
Camp War Eagle Inc Rogers, AR | $15,866,509 | $9,318,920 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Kingdom House St Louis, MO | $3,626,338 | $5,069,438 |
Youth Bridge Properties Inc Fayetteville, AR | $0 | $256,554 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
People-Providing Equal Opportunities Promoting Learning Little Rock, AR | $39,869,871 | $7,557,371 |