Project Angel Heart FY2021 filing

Tax-deductible

Denver, CO501(c)(3)Since 1991Community DevelopmentEIN 84-1199481Revenue $6.5M in FY2021

On file with the IRSprojectangelheart.org4950 Washington St, 80216-2026 · Denver, COTax-exempt since Apr 1993Publicly supported charity — 170(b)(1)(A)(vi)

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Project Angel Heart improves health and well-being for people with life- threatening illnesses by preparing and delivering medically tailored meals and promoting the power of food as medicine.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$281K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $673K a year · 9% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$281K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $160K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$537K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.5M
+18% vs prior year
Spent
$5.4M
To programs
89%
Net assets
$8.0M
By yearFY2020–FY2025
Revenue
$6.5M
FY2021▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.5M
FY2021$6.5M
FY2022$7.5M
FY2023$8.8M
FY2024$7.4M
FY2025$7.9M
Expenses
$5.4M
FY2021▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.1M
FY2021$5.4M
FY2022$6.5M
FY2023$6.9M
FY2024$7.5M
FY2025$8.1M
Net assets
$8.0M
FY2021▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.8M
FY2021$8.0M
FY2022$8.7M
FY2023$10.6M
FY2024$10.9M
FY2025$10.9M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1993.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $4.8M Management & general 2% · $135K Fundraising 9% · $468K

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

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Who runs it and what they're paid

19 people listed on the 990; $281K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/CEO
$159,533Pt VII · Sec A
Finance Director
$121,367Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director,at-Large
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Owen Ryan Resigned November 2024’s $209K as President/Cf is at the 69th percentile of top reported officer pay among 2832 $1–10M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Owen Ryan Resigned November 2024$209,292—————
Owen Ryan—$203,676$190,526$177,302$159,533$53,259
Richard Martinez$149,038—————
Andrea Pacheco$145,987—————
Tera Prim——$121,946$116,080——
Amy Fleming————$121,367—
Rachael Robinson———$112,649——
Katherine Johnston$111,019$102,329————

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares and delivers medically tailored meals to improve health for those with life-threatening illness.

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Provided by the organization

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1 program · $4.8M · in their own filed words · FY2020
01

Nutritious meals are delivered or shipped weekly to people living with life-threatening illnesses throughout colorado, excepting a small percentage of clients who receive hot meals daily. The agency is known for ongoing food as medicine advocacy.

$4.8Mprogram expense

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 · FY2025
See all 9 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.5M
Ln 12
Gifts and grantsLn 1h$6.2M
Other incomeLn 4–11$324K
Investment incomeLn 3$34K
Money outPt IX
$5.4M
Ln 25
Programscol B$4.8M
Managementcol C$135K
Fundraisingcol D$468K
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$8.5M
LiabilitiesLn 26$537K
PeoplePt VI, VII
19
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.2M
Government grantsLn 1e$1.4M
Noncash giftsLn 1g$287K
Fundraising eventsLn 1c$151K
Investment incomeLn 3$34K
Other incomeLn 4–11$324K
Gains on assetsLn 7$14K
Total revenueLn 12$6.5M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$1.4M
Land, buildings, equipmentLn 10c$4.7M
Other assetsLn 15$38K
Total assetsLn 16$8.5M
LiabilitiesLn 26$537K
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 559
VolunteersI 63,529
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.2M$2.3M
InvestmentsLn 11–13$1.2M$1.4M
Land, buildings, equipmentLn 10c$5.0M$4.7M
Total assetsLn 16$7.6M$8.5M
LiabilitiesLn 26$848K$537K
Net assetsLn 32$6.8M$8.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$1.4M$1.4M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$192K$115K$38K$38K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.0M$1.9M$10K$101K
Pension plan contributionsLn 8$55K$33K$11K$11K
Other employee benefitsLn 9$214K$128K$10K$76K
Payroll taxesLn 10$178K$107K$9K$62K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$93K$69K$2K$21K
Lobbying feesLn 11d$600$600
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$13K$13K
Other fees for servicesLn 11g$319K$238K$8K$72K
Advertising and promotionLn 12$0
Office expensesLn 13$177K$130K$4K$43K
Information technologyLn 14$10K$6K$4K
RoyaltiesLn 15$0
OccupancyLn 16$207K$182K$15K$10K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$29K$24K$1K$4K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$282K$261K$6K$15K
InsuranceLn 23$28K$26K$581$1K
Other expenses (24a–d)Ln 24$193K$180K$909$12K
Total functional expensesLn 25$5.4M$4.8M$135K$468K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.9M$8.1M−$212K$10.9M 990 PDF
FY2024 $7.4M$7.5M−$152K$10.9M 990 PDF
FY2023 $8.8M$6.9M$1.9M$10.6M 990 PDF
FY2022 $7.5M$6.5M$959K$8.7M 990 PDF
FY2021 Viewing $6.5M$5.4M$1.1M$8.0M 990 PDF
FY2020 $5.5M$5.1M$454K$6.8M 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
See the full FY2021 990 (6 parts)
Part I · Summary $6,509,921 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,113,093$6,151,447
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $20,502$34,241
I-11 Other revenuePrior year $388,806$324,233
I-12 Total revenuePrior year $5,522,401$6,509,921
I-13 Grants and similar amounts paidPrior year $1,390,137$1,429,170
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,672,776$2,635,839
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,005,047$1,350,647
I-18 Total expensesPrior year $5,067,960$5,415,656
I-19 Revenue less expensesPrior year $454,441$1,094,265
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,509,921 across 12 lines filed
VIII-1a Federated campaigns$51,345
VIII-1c Fundraising events$150,918
VIII-1e Government grants$1,411,189
VIII-1f All other contributions, gifts and grants$4,537,995
VIII-1g Noncash contributions (included above)$286,607
VIII-1h Total contributions, gifts and grants$6,151,447
VIII-3 Investment incomeExcluded from tax $20,448$20,448
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax −$14,485−$14,485
VIII-7 Net gain or loss on sales of assetsExcluded from tax $13,793$13,793
VIII-8 Net income from fundraising eventsExcluded from tax $338,718$338,718
VIII-12 Total revenueExcluded from tax $358,474$6,509,921
Part IX · Statement of functional expenses $5,415,656 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $1,429,170$1,429,170
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $115,053 · Management $38,351 · Fundraising $38,351$191,755
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,885,368 · Management $10,125 · Fundraising $101,359$1,996,852
IX-8 Pension plan contributionsPrograms $32,866 · Management $10,956 · Fundraising $10,956$54,778
IX-9 Other employee benefitsPrograms $128,478 · Management $9,823 · Fundraising $75,827$214,128
IX-10 Payroll taxesPrograms $106,996 · Management $8,916 · Fundraising $62,414$178,326
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $69,206 · Management $2,452 · Fundraising $20,952$92,610
IX-11d Lobbying feesManagement $600$600
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $13,304$13,304
IX-11g Other fees for servicesPrograms $238,180 · Management $8,440 · Fundraising $72,108$318,728
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $130,014 · Management $4,171 · Fundraising $42,581$176,766
IX-14 Information technologyPrograms $5,686 · Management $4,160$9,846
IX-15 Royalties$0
IX-16 OccupancyPrograms $181,672 · Management $14,826 · Fundraising $10,335$206,833
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $24,211 · Management $1,061 · Fundraising $3,920$29,192
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $260,959 · Management $5,924 · Fundraising $15,234$282,117
IX-23 InsurancePrograms $25,612 · Management $581 · Fundraising $1,495$27,688
IX-24 Other expenses (24a–d)Programs $179,991 · Management $909 · Fundraising $12,063$192,963
IX-25 Total functional expensesPrograms $4,813,462 · Management $134,599 · Fundraising $467,595$5,415,656
Part X · Balance sheet $8,549,323 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $1,155,266$2,288,134
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $190,211$71,337
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $51,835$50,853
X-10c Land, buildings and equipment, netStart of year $4,969,195$4,719,634
X-11 Publicly traded securitiesStart of year $1,223,052$1,381,712
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $35,868$37,653
X-16 Total assetsStart of year $7,625,427$8,549,323
X-17 Accounts payable and accrued expensesStart of year $232,367$199,780
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $303,711$336,915
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $312,000$0
X-26 Total liabilitiesStart of year $848,078$536,695
X-27 Net assets without donor restrictionsStart of year $6,764,349$8,001,628
X-28 Net assets with donor restrictionsStart of year $13,000$11,000
X-32 Total net assets or fund balancesStart of year $6,777,349$8,012,628
X-33 Total liabilities and net assetsStart of year $7,625,427$8,549,323
Part XI · Reconciliation of net assets $8,012,628 net assets at year end
XI-1 Total revenue$6,509,921
XI-2 Total expenses$5,415,656
XI-3 Revenue less expenses$1,094,265
XI-4 Net assets at start of year$6,777,349
XI-5 Net unrealized gains (losses) on investments$141,014
XI-10 Net assets at end of year$8,012,628

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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