Transformations by Austin Angels EIN 85-2051575 Form 990 (PDF) Claim this org

Transformations by Austin Angels FY2023 filing

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Supports foster children, youth, and families through consistent giving, relationships, and mentorship. For fiscal year 2023 it reported $1.0M in revenue, $744K in expenses, and $646K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Alpharetta, GA
Website
www.atlantaangels.org
Filings
4 on file (2021–2023)
Revenue
$1.0MFY2023
Expenses
$744K
Net assets
$646K
People
11
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-2051575 Public charity (501(c)(3)) Alpharetta, GA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Supports foster children, youth, and families through consistent giving, relationships, and mentorship.
Leadership
Christie Simons · Executive Director · $72K
Money in and out
$1.0M revenue, $744K expenses
Bottom line
86% program efficiency
Where the money goes · FY2023
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$744K
Pt IX · Ln 25
Net assets
$646K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $304K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.10 Fundraising $0.04
Program efficiency
86%
of spending reaches programs
Operating runway
10.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$1.0M
FY2023▲ +69%
Expenses
$744K
FY2023▲ +80%
Total assets
$666K
FY2023▲ +86%
Total liabilities
$20K
FY2023▲ +35%
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$744K
Pt IX · Ln 25
Net assets
$646K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$304K
Total assetsPt X · Ln 16$666K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

2 program services account for $640K of program spending, described in the organization's own filed words · FY2023.
01

The love box program provides fostering families (caregivers, children in foster care, and biological/adopted children) with community and holistic support. This wraparound support enables caregivers to continue to do the important and meaningful work of being foster parents.

$384Kprogram expense
02

The heart of the dare to dream program is to walk alongside youth as they navigate through life's challenges. The youth in our dare to dream programs need the wisdom, advice, encouragement, and community that mentors can provide. Mentors meet practical and emotional needs as well as provide guidance through developmental milestones.

$256Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTransformations by Austin Angels
EINHdr · item D85-2051575
Principal addressHdr · item CAlpharetta, GA
WebsiteHdr · item Jwww.atlantaangels.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$72,426Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director of Social Media
$0Pt VII · Sec A
$0Pt VII · Sec A
Director of Grants
$0Pt VII · Sec A
Director of Marketing
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021
Christie Simons$107,288$72,426
Christie Simons$61,000$45,192

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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Statement of Revenue

Part VIII
Contributions & grants$974K · 93%
Program service revenue$57K · 5%
Other revenue$15K · 1%
Contributions & grants93%$974K
Program service revenue5%$57K
Other revenue1%$15K
Investment income$2K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.10 Fundraising $0.04
Program services86%$640K
Management & general10%$77K
Fundraising4%$26K
Total functional expensesLn 25$744K

Balance Sheet

Part X · end of year
CashLn 1$567K
Total assetsLn 16$666K
Total liabilitiesLn 26$20K
Total net assetsLn 32$646K
Months of cash on handcomputed9.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $567K · Operating expenses (Pt IX) $744K · Less non-cash grants $113K · Cash operating expenses/yr $631K
10.8 months
Where the money goes
Program services
Program services $640K · Total expenses $744K
86%
Management & General
Management & general $77K · Total expenses $744K
10%
Fundraising
Fundraising $26K · Total expenses $744K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $28K · Solicited contributions (3-yr avg) $598K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $974K · Total revenue $1.0M
93%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $57K · Total revenue $1.0M
5%
Investment reliance
Investment income $2K · Total revenue $1.0M
+0.2%
Program self-sufficiency
Program service revenue $57K · Total expenses $744K
8%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $618K
+69%
Net-asset trend (YoY)
End of year $646K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $744K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $666K
Net-asset ratio
Net assets $646K · Total assets $666K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $666K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christie Simons · Reported title Executive Director · Highest reported compensation $72K · Total expenses $744K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $481K · Total expenses $744K
65%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 10%
Fundraising cost ratio 3%
Revenue growth 69%
Accounting fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 2 grants · $52K · 2024–2024
Unitemized GrantFY2024$27,750
Unitemized GrantFY2024$24,402

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2023$1.0M revenue · viewing · ⤓ 990 PDF
FY2022$618K revenue · ⤓ 990 PDF
FY2021$349K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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