757 ANGELS INC

Address
932 LASKIN ROAD NO 300
VIRGINIA BEACH, VA 23451
Contact
Website: http://757angelsgroup.com
Phone: +1 (757) 287-3338
Nonprofit
EIN: 47-2382748
Year formed: 2014

Mission

757 ANGELS MISSION IS TWOFOLD:-TO HELP GROW AND DIVERSIFY THE HAMPTON ROADS ECONOMY BY SUPPORTING EXCITING AND PROMISING NEW & EARLY STAGE COMPANIES.-TO PROVIDE 757 ANGEL MEMBERS A RISK-ADJUSTED FINANCIAL RETURN ON THEIR INVESTMENT CAPITAL AND TIME COMMITMENT.
 2016
Basic features of the organization
Year of formation2014
Subsection code04
PF filing required0
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$102,121.00
Sum of reportable (W2/1099) compensation$102,121.00
Number of employees0
Number of people compensated >$100k1
Number of volunteers2
Number of highly compensated contractors0
Personnel
Adams, Monique
TitleEXECUTIVE DIRECTOR
Name of key/compensated personMONIQUE ADAMS
Position of compensated person
Current officerTrue
Average hours per week working for org40.00
Reportable compensation from org$102,121.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Brady, Matt
TitleBOARD MEMBER
Name of key/compensated personMATT BRADY
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Connor, Anne
TitleBOARD MEMBER
Name of key/compensated personANNE CONNOR
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Dinardo, Paul
TitleVICE CHAIRMAN
Name of key/compensated personPAUL DINARDO
Position of compensated person
Current officerTrue
Average hours per week working for org4.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Grant, Taylor
TitleBOARD MEMBER
Name of key/compensated personTAYLOR GRANT
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Griffin, Owen
TitleBOARD MEMBER
Name of key/compensated personOWEN GRIFFIN
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Gruden, Nancy
TitleBOARD MEMBER
Name of key/compensated personNANCY GRUDEN
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Hirschbiel, Paul
TitleTREASURER
Name of key/compensated personPAUL HIRSCHBIEL
Position of compensated person
Current officerTrue
Average hours per week working for org6.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Levin, Dave
TitleBOARD MEMBER
Name of key/compensated personDAVE LEVIN
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Locke, Andrew
TitleBOARD MEMBER
Name of key/compensated personANDREW LOCKE
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
McClellan, Andria
TitleBOARD MEMBER
Name of key/compensated personANDRIA MCCLELLAN
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
McPhillips, Chuck
TitleBOARD MEMBER
Name of key/compensated personCHUCK MCPHILLIPS
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Paris, John
TitleCHAIRMAN
Name of key/compensated personJOHN PARIS
Position of compensated person
Current officerTrue
Average hours per week working for org4.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Reed, John
TitleBOARD MEMBER
Name of key/compensated personJOHN REED
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Wall, Hampton
TitleBOARD MEMBER
Name of key/compensated personHAMPTON WALL
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Warren, Gary
TitleBOARD MEMBER
Name of key/compensated personGARY WARREN
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Webb, G
TitleBOARD MEMBER
Name of key/compensated personG RANDOLPH WEBB
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Wolfe, David
TitleBOARD MEMBER
Name of key/compensated personDAVID WOLFE
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Wynne, John
TitleBOARD MEMBER
Name of key/compensated personJOHN WYNNE JR
Position of compensated person
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activities757 ANGELS IS A CATALYST TO HELP BUILD THE HAMPTON ROADS ECONOMY. 757 ANGELS IS A SELECT NETWORK OF BUSINESS LEADERS IN THE HAMPTON ROADS REGION, WHO PROVIDE INVESTMENT CAPITAL, STRATEGIC ADVICE AND MENTORING TO SELECTED STARTUP AND EARLY STAGE COMPANIES TO HELP THEM ACHIEVE MARKET LEADERSHIP. 757 ANGELS SEEKS DEALFLOW FROM THE HAMPTON ROADS REGION.
Program service expenses, total$144,625.00
Programs, including revenue & expenses
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.
Program expenses$144,625.00
Program revenue$199,837.00
Program descriptionMEMBERSHIP 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.
Financial data
Revenue
Total revenue$199,854.00
Investment income, current yr$17.00
Total revenue from grants, etc., current yr$0.00
Total unrelated business revenue$0.00
Other revenue, current yr$0.00
Net unrelated business taxable revenue$0.00
Program service revenue (total)$199,837.00
Gross receipts$199,854.00
Other types of revenue
Income from dividends, interest, and similar investments$17.00
Expense categories (totals)
Total functional expenses: sum of all$155,990.00
Total functional expenses: program service $144,625.00
Total functional expenses: management and general$11,365.00
Total functional expenses: fundraising$0.00
Fees for services
Legal fees (total)$13,178.00
Fundraising service fees (total)$0.00
Assets and liabilities
Total assets$145,765.00
Total assets, beginning of year$101,901.00
Total liabilities$0.00
Total liabilities, beginning of year$0.00
Net assets$145,765.00
Net assets, beginning of year$101,901.00
Cash: non-interest bearing$110,748.00
Cash: non-interest bearing, beginning of year$101,901.00
Other financial variables
Revenue less expenses$43,864.00
Savings & temp cash investment$35,017.00
Total net assets or fund balances$145,765.00
Governance and accountability
Number of voting members18
Number of independent voting members18
Cash accountingTrue
Tax year start date2016-01-01
Tax year end date2016-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990
Date e-filing submitted2017-10-17
IRS schema version2016v3.0
Filing identifier201732499349300543
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