Angel Concept INC

Morrison, COUnknown exempt organizationEIN 45-5513977

Angel concept, INC. Provides struggling, disadvantaged women with work-skills training in a retail environment- preparing them to become successful employees in the retail world.

86¢ of each $1 spent went to programs.
Run by 25 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $26K a year · 14% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$194K
84% of total assets
Concern: liabilities are 84% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$271K
+31% vs prior year
Spent
$232K
To programs
86%
Net assets
$36K
By yearFY2020–FY2024
Revenue
$271K
FY2024▲ +31%
Revenue by fiscal year
FY2020$173K
FY2021$146K
FY2022$138K
FY2023$207K
FY2024$271K
Expenses
$232K
FY2024+0.07%
Expenses by fiscal year
FY2020$110K
FY2021$116K
FY2022$117K
FY2023$232K
FY2024$232K
Net assets
$36K
FY2024▲ ×16
Net assets by fiscal year
FY2020−$29K
FY2021$2K
FY2022$23K
FY2023−$3K
FY2024$36K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $200K Management & general 14% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Angel Concept INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Trains disadvantaged women in retail skills for successful employment.

Provided by the organization

This section is blank until Angel Concept INC claims this page.

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2 program services account for $262K of program spending, described in the organization's own filed words · FY2024.
01

Angel concept works with various half-way houses, counseling organizations, parole officers, etc. To identify participants who are ready to participate in the angel concept training program.

$200Kprogram expense
02

Angel concept works with various half-way houses, counseling organizations, parole officers, etc. To identify participants who are ready to participate in the angel concept training program.

$62Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$271K
Ln 12
Other incomeLn 4–11$190K
Gifts and grantsLn 1h$78K
Investment incomeLn 3$2K
Money outPt IX
$232K
Ln 25
Programscol B$200K
Managementcol C$33K
Owns and owesPt X
$36K
net assets · Ln 32
Cash and savingsLn 1–2$151K
Total assetsLn 16$230K
LiabilitiesLn 26$194K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Government grantsLn 1e$11K
Investment incomeLn 3$2K
Other incomeLn 4–11$190K
Total revenueLn 12$271K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$151K
Total assetsLn 16$230K
LiabilitiesLn 26$194K
Net assetsLn 32$36K
OperationsPt I, VI
EmployeesI 513
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $271K$232K$38K$36K 990 PDF
FY2023 $207K$232K−$25K−$3K 990 PDF
FY2022 $138K$117K$21K$23K 990 PDF
FY2021 $146K$116K$31K$2K 990 PDF
FY2020 $173K$110K$63K−$29K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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