Audreys Angels EIN 86-1044280 Form 990 (PDF) Claim this org

Audreys Angels FY2023 filing

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Brings live music to elderly residents in small group homes, enriching their lives. For fiscal year 2023 it reported $261K in revenue, $290K in expenses, and $179K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Phoenix, AZ
Website
www.audreysangels.org
Filings
5 on file (2020–2023)
Revenue
$261KFY2023
Expenses
$290K
Net assets
$179K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  86-1044280 Public charity (501(c)(3)) Phoenix, AZ
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Brings live music to elderly residents in small group homes, enriching their lives.
Leadership
Linda Alderson · Executive Director · $60K
Money in and out
$261K revenue, $290K expenses
Bottom line
69% program efficiency
Where the money goes · FY2023
Total revenue
$261K
Pt VIII · Ln 12
Total expenses
$290K
Pt IX · Ln 25
Net assets
$179K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$28K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.14 Fundraising $0.16
Program efficiency
69%
of spending reaches programs
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$261K
FY2023▼ -0.6%
Expenses
$290K
FY2023▲ +15%
Total assets
$194K
FY2023▼ -3%
Total liabilities
$16K
FY2023▲ +44%
Total revenue
$261K
Pt VIII · Ln 12
Total expenses
$290K
Pt IX · Ln 25
Net assets
$179K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$28K
Total assetsPt X · Ln 16$194K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $200K of program spending, described in the organization's own filed words · FY2023.
01

In 2023, audrey's angels provided a total of 4,908 hours of interactive music programming (an increase of 14% over 2022), of which 483 hours (10%) were provided free of charge. By december 2023, audrey's angels was sending 37 performers each month to 112 elderly care facilities throughout the greater phoenix, arizona area.

$200Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAudreys Angels
EINHdr · item D86-1044280
Principal addressHdr · item CPhoenix, AZ
WebsiteHdr · item Jwww.audreysangels.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P81)
Ruling yearIRS BMFJun 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
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
$59,712Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (begin 5/2023)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Linda Alderson’s $63K as Executive Director is at the 53rd percentile of top reported officer pay among 2165 $100K–1M human services 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

NameFY2024FY2023FY2022FY2021FY2020
Linda Alderson$63,073$59,712$56,987$53,900$53,500

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
Program service revenue$163K · 62%
Contributions & grants$111K · 43%
Program service revenue62%$163K
Contributions & grants43%$111K
Investment income$816
— government grantsLn 1e$21K
Total revenueLn 12$261K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.14 Fundraising $0.16
Program services69%$200K
Management & general14%$42K
Fundraising16%$47K
Total functional expensesLn 25$290K

Balance Sheet

Part X · end of year
CashLn 1$135K
Total assetsLn 16$194K
Total liabilitiesLn 26$16K
Total net assetsLn 32$179K
Months of cash on handcomputed5.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $135K · Operating expenses (Pt IX) $290K · Less non-cash grants $8K · Cash operating expenses/yr $282K
5.8 months
Where the money goes
Program services
Program services $200K · Total expenses $290K
69%
Management & General
Management & general $42K · Total expenses $290K
14%
Fundraising
Fundraising $47K · Total expenses $290K
16%
Cost to raise $1
Fundraising expense (3-yr avg) $38K · Solicited contributions (3-yr avg) $88K
$0.44 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $111K · Total revenue $261K
43%
Government reliance
Government grants $21K · Total revenue $261K
8%
Earned-income share
Program service revenue $163K · Total revenue $261K
62%
Investment reliance
Investment income $816 · Total revenue $261K
+0.3%
Program self-sufficiency
Program service revenue $163K · Total expenses $290K
56%
Growth & trend
Revenue growth (YoY)
This year $261K · Prior year $263K
-0.6%
Net-asset trend (YoY)
End of year $179K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $261K · Expenses $290K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $194K
Net-asset ratio
Net assets $179K · Total assets $194K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $194K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Linda Alderson · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $60K · Total expenses $290K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $109K · Total expenses $290K
38%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 14%
Fundraising cost ratio 43%
Revenue growth -0.6%
Accounting fee ratio 9%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$17K

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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)$301K revenue · ⤓ 990 PDF
FY2023$261K revenue · viewing · ⤓ 990 PDF
FY2022$263K revenue · ⤓ 990 PDF
FY2021$209K revenue · ⤓ 990 PDF
FY2020$176K 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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