Transformations by Austin Angels FY2022 filing

Tax-deductible

Waterloo, IA501(c)(3)EIN 84-4744369

The cedar valley angels mission is to walk alongside children, youth, and families in the foster care community by offering consistent support through intentional giving, relationship building, and mentorship.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$53K 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

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
4 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
80%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$53K
to officers and key staff · 21% of spending
Pt VII · Sec A
Do they have reserves?
7 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
2
named funders · $12K
Funders’ Sch. I, 990-PF
Do they carry debt?
$4K
liabilities
Pt X · Ln 26
Who oversees it?
5
independent of 5 voting board members
Pt VI · Ln 1a–1b
Revenue
$263K
-12% vs prior year
Spent
$252K
To programs
80%
Net assets
$147K
By yearFY2020–FY2024
Revenue
$263K
FY2022▼ -12%
Revenue by fiscal year
FY2020$199K
FY2021$298K
FY2022$263K
FY2023$315K
FY2024$195K
Expenses
$252K
FY2022▼ -4%
Expenses by fiscal year
FY2020$140K
FY2021$261K
FY2022$252K
FY2023$309K
FY2024$322K
Net assets
$147K
FY2022▲ +8%
Net assets by fiscal year
FY2020$58K
FY2021$136K
FY2022$147K
FY2023$153K
FY2024$25K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
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 CTransformations by Austin Angels
EINHdr · item D84-4744369
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2011
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CWaterloo, IA
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.cedarvalleyangels.org

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 $0.80 Management & general $0.12 Fundraising $0.08
Program services80%$200K
Management & general12%$30K
Fundraising8%$21K
Total functional expensesLn 25$252K

Financial health

Is it on solid ground?

Program efficiency
80%
of spending reaches programs
Operating runway
8.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$151K
FY2022▲ +9%
Total assets by fiscal year
FY2020$62K
FY2021$139K
FY2022$151K
FY2023$157K
FY2024$25K
Total liabilities
$4K
FY2022▲ +12%
Total liabilities by fiscal year
FY2020$4K
FY2021$4K
FY2022$4K
FY2023$4K
FY2024$0
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$151K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$151K
Total assetsLn 16$151K
Total liabilitiesLn 26$4K
Total net assetsLn 32$147K
Months of cash on handcomputed7.2

Statement of Revenue

Part VIII
Contributions & grants$238K · 90%
Other revenue$24K · 9%
Contributions & grants90%$238K
Other revenue9%$24K
Program service revenue$858
Investment income$27
Total revenueLn 12$263K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $151K · Operating expenses (Pt IX) $252K · Less non-cash grants $47K · Cash operating expenses/yr $205K
8.9 months
Where the money goes
Program services
Program services $200K · Total expenses $252K
80%
Management & General
Management & general $30K · Total expenses $252K
12%
Fundraising
Fundraising $21K · Total expenses $252K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $18K · Solicited contributions (3-yr avg) $230K
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $238K · Total revenue $263K
90%
Government reliance
Government grants — · Total revenue $263K
—
Earned-income share
Program service revenue $858 · Total revenue $263K
0.3%
Investment reliance
Investment income $27 · Total revenue $263K
+0.01%
Program self-sufficiency
Program service revenue $858 · Total expenses $252K
0.3%
Growth & trend
Revenue growth (YoY)
This year $263K · Prior year $298K
-12%
Net-asset trend (YoY)
End of year $147K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $263K · Expenses $252K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $151K
—
Net-asset ratio
Net assets $147K · Total assets $151K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $151K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Derek Kimball · Reported title EXECUTIVE DI · Highest reported compensation $53K · Total expenses $252K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $211K · Total expenses $252K
84%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 12%——
Fundraising cost ratio 9%——
Revenue growth -12%——
Accounting fee ratio 0.2%——

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
Executive Di
$53,443Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Andrea Dellit$61,530$9,080———
Derek Kimball—$53,544$53,443$57,680$50,093

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.

See Transformations by Austin Angels executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides consistent support to foster children, youth, and families through giving, relationships, and mentorship.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $199K of program spending, described in the organization's own filed words · FY2022.
01

Provide a sense of community and support for fostering families through intentional giving, relationship building, and mentorship.

$103Kprogram expense
02

Provide one-on-one mentorship to youth in care. Our mentors are advocates, guides, role models, valued friends, and available resources who guide youth in their accomplishment of developmental milestones through intentional giving, relationship building, and mentorship.

$96Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$12K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $195K$322K-38% 990 PDF
FY2023 $315K$309K+20% 990 PDF
FY2022 Viewing $263K$252K-12% 990 PDF
FY2021 $298K$261K+50% 990 PDF
FY2020 $199K$140K 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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