PLATINUM2024

Three Angels Fund

With every cancer patient, always.

Middletown, RI   |  www.threeangelsfund.org

Learn how to support this organization
GuideStar Charity Check

Three Angels Fund

EIN: 27-1984384


Mission

Honoring the taken by helping those in our community with cancer.

Notes from the nonprofit

We strive to continue to make our finances transparent and open to those viewing our profile on Guidestar. We are a 100% volunteer-based organization and do not pay salaries.

Ruling year info

2014

President

Mr Andrew Bulk

Executive Director

Mary Regan

Main address

PO Box 4003

Middletown, RI 02842 USA

Show more contact info

EIN

27-1984384

Subject area info

Cancers

Population served info

Children and youth

Adults

Ethnic and racial groups

NTEE code info

Cancer (G30)

Cancer (G30)

Cancer (G30)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

There are many people in our community who are facing a financial burden due to a cancer diagnosis. Medical bills pile up but so do the expenses of daily living. We work to help these individuals with the expenses of daily living and give them peace of mind during their illnes.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Three Angels Fund Community Giving Program

The Three Angels Fund Community Giving Program was established in 2016. This program aims to help those who are facing a financial hardship after a cancer diagnosis. Need based grants are given throughout the year.

Population(s) Served
Ethnic and racial groups
Adults
Adults
Children and youth

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Children and youth

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Community Giving Program

Number of attendees present at rallies/events

This metric is no longer tracked.
Totals By Year
Related Program

Three Angels Fund Community Giving Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

2020 was a virtual event due to the COVID-19 pandemic.

Number of volunteers

This metric is no longer tracked.
Totals By Year
Related Program

Three Angels Fund Community Giving Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our goal is donate a 15 year total of $1,000,000.00 in 2024 . We hope to expand our Community Giving Program and never turn down a request from someone in need.

-Expand our fundraising efforts to more than one event a year
-Solicit larger donations from local and national corporations
-Garner more donations from social media platforms
-Grow our scope to scale

Our volunteer base will expand in the next 2 years to include a core group of over 30 individuals. We are also working with local businesses to come up with additional opportunities for fundraising.

Haven't
-Large corporate donations or sponsorship
-Expanding the community's awareness of our fund

Have
-Giving over $8000,000 since being founded in 2010
-Expanding our reach in the community
-Growing our event to a yearly attendance of 800+

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We aim to collect feedback from as many people we serve as possible

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback

Financials

Three Angels Fund
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.00

Average of 0.00 over 7 years

Months of cash in 2022 info

SOURCE: IRS Form 990

20.6

Average of 7.6 over 7 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 7 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Three Angels Fund

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Three Angels Fund

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Three Angels Fund

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Three Angels Fund’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2021 2022
Unrestricted surplus (deficit) before depreciation $124,764 $53,136
As % of expenses 157.6% 34.2%
Unrestricted surplus (deficit) after depreciation $124,764 $53,136
As % of expenses 157.6% 34.2%
Revenue composition info
Total revenue (unrestricted & restricted) $203,932 $208,387
Total revenue, % change over prior year 0.0% 2.2%
Program services revenue 0.0% 0.0%
Membership dues 0.0% 0.0%
Investment income 0.0% 0.0%
Government grants 0.0% 0.0%
All other grants and contributions 100.0% 100.0%
Other revenue 0.0% 0.0%
Expense composition info
Total expenses before depreciation $79,168 $155,251
Total expenses, % change over prior year 0.0% 96.1%
Personnel 0.0% 0.0%
Professional fees 1.6% 0.8%
Occupancy 0.0% 0.0%
Interest 0.0% 0.0%
Pass-through 47.2% 66.8%
All other expenses 51.1% 32.3%
Full cost components (estimated) info 2021 2022
Total expenses (after depreciation) $79,168 $155,251
One month of savings $6,597 $12,938
Debt principal payment $0 $0
Fixed asset additions $0 $0
Total full costs (estimated) $85,765 $168,189

Capital structure indicators

Liquidity info 2021 2022
Months of cash 32.4 20.6
Months of cash and investments 32.4 20.6
Months of estimated liquid unrestricted net assets 32.4 20.6
Balance sheet composition info 2021 2022
Cash $213,672 $266,808
Investments $0 $0
Receivables $0 $0
Gross land, buildings, equipment (LBE) $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 0.0%
Unrestricted net assets $213,672 $266,808
Temporarily restricted net assets N/A N/A
Permanently restricted net assets N/A N/A
Total restricted net assets $0 $0
Total net assets $213,672 $266,808

Key data checks

Key data checks info 2021 2022
Material data errors No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President

Mr Andrew Bulk

Andrew is a founding member of the Three Angels Fund. He is a small business owner and has been a very active member of his community. Andrew has been a youth sports coach for decades and currently coaches both his son and daughter in hockey.

Executive Director

Mary Regan

Mary is a founding member of Three Angels Fund. She has a masters degree in Healthcare Administration from Salve Regina University. Along with her duties at Three Angels Fund she has spent her career in the healthcare technology sector.

Number of employees

Source: IRS Form 990

Three Angels Fund

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Three Angels Fund

Board of directors
as of 05/02/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr Andrew Bulk

Mary Regan

Jennifer Lopes

Brian Bulk

Lara Eckler

John Bulk

Kevin Bulk

Timothy Bulk

Lauren Babbitt

Allan Pine

CJ Pine

Bruce Sherman

Andrea Gasperini

Michael Klassner

Laura Thurston

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 5/2/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Decline to state
Gender identity
Male, Not transgender

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data