757 Angels INC

Norfolk, VA · Membership association · Community Development

! Not tax-deductible
Revenue
$12K
-97% vs prior year
Spent
$262K
To programs
63%
Net assets
$293K
By yearFY2020–FY2024
Revenue
$12K
FY2024▼ -97%
Revenue by fiscal year
FY2020$280K
FY2021$425K
FY2022$469K
FY2023$385K
FY2024$12K
Expenses
$262K
FY2024▲ +40%
Expenses by fiscal year
FY2020$287K
FY2021$388K
FY2022$412K
FY2023$187K
FY2024$262K
Net assets
$293K
FY2024▼ -46%
Net assets by fiscal year
FY2020$252K
FY2021$288K
FY2022$345K
FY2023$542K
FY2024$293K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item C757 Angels INC
EINHdr · item D47-2382748
Exempt statusHdr · item I501(c)(4) · active
Ruling yearIRS BMFNov 2016
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNorfolk, VA
NTEE classificationIRS BMFCommunity Development (S31)
WebsiteHdr · item J757angelsgroup.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.37
Program services63%$164K
Management & general37%$98K
Total functional expensesLn 25$262K

Financial health

Is it on solid ground?

Operating surplus
-2081%
revenue over expenses▼ -4151% vs prior filing year
Earned revenue
17%
of revenue from program services & dues▼ -44% vs prior filing year
Program spending
63%
of expenses reach member services▼ -16% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$293K
FY2024▼ -46%
Total assets by fiscal year
FY2020$253K
FY2021$292K
FY2022$382K
FY2023$542K
FY2024$293K
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2020$1K
FY2021$5K
FY2022$38K
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19−$250K
Total assetsPt X · Ln 16$293K
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Balance Sheet

Part X · end of year
CashLn 1$293K
Total assetsLn 16$293K
Total liabilitiesLn 26$0
Total net assetsLn 32$293K
Months of cash on handcomputed13.4

Statement of Revenue

Part VIII
Investment income$10K · 83%
Program service revenue$2K · 17%
Investment income83%$10K
Program service revenue17%$2K
Total revenueLn 12$12K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $293K · Operating expenses/yr $262K
13.4 months
Where the money goes
Program services
Program services $164K · Total expenses $262K
63%
Management & General
Management & general $98K · Total expenses $262K
37%
Fundraising
Fundraising $0 · Total expenses $262K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $23K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $12K
0%
Government reliance
Government grants — · Total revenue $12K
—
Earned-income share
Program service revenue $2K · Total revenue $12K
17%
Investment reliance
Investment income $10K · Total revenue $12K
+83%
Program self-sufficiency
Program service revenue $2K · Total expenses $262K
0.8%
Growth & trend
Revenue growth (YoY)
This year $12K · Prior year $385K
-97%
Revenue CAGR
FY2020 $280K · FY2024 $12K
-55%
Net-asset trend (YoY)
End of year $293K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $12K · Expenses $262K
-2081%
Liabilities-to-Assets
Total liabilities — · Total assets $293K
—
Net-asset ratio
Net assets $293K · Total assets $293K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $293K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Paris · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $262K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $262K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%——
Overhead ratio 37%——
Revenue growth -97%——
Legal fee ratio 7%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Monique Adams’s $225K as Executive Director is at the 98th percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Monique Adams$225,000$213,637$212,592

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 15Voting board membersPt VI · Ln 1a
  • 15Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Invests in and advises local startups to grow the regional economy.

Provided by the organization

This section is blank until 757 Angels INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $164K of program spending, described in the organization's own filed words · FY2024.
01

Membership in 757 angels is extended to individuals who share the angel's vision and will actively contribute to the process. 757 angels also receives a fee for each application from companies interested in presenting to angel investors.

$164Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $12K$262K-97% 990 PDF
FY2023 $385K$187K-18% 990 PDF
FY2022 $469K$412K+10% 990 PDF
FY2021 $425K$388K+51% 990 PDF
FY2020 $280K$287K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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