Overview
What is 757 Angels?
757 Angels is a nonprofit organization situated in Norfolk, Virginia, with a focus on fostering business growth and economic diversity in the Hampton Roads region. The organization comprises a network of influential local business leaders who offer financial investment, strategic advice, and mentorship to promising startup and early-stage companies in the area. Their mission is twofold: to support the development of the Hampton Roads economy by backing innovative new businesses and to ensure that 757 Angels members receive a risk-adjusted financial return on their investment and time commitment. Membership in 757 Angels is extended to individuals who share the organization's vision and are willing to contribute actively to this process. The organization generates income by charging a fee for each application from companies seeking investment from the angel investors.
Official website here: www.757angelsgroup.com
Is 757 Angels legitimate?
757 Angels is a legitimate nonprofit organization registered as a 501(c)(4) entity. 757 Angels submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $225,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,100
For more financial information, click here
Official website here: www.757angelsgroup.com
What is the mission statement of 757 Angels?
757 Angels is an organization comprised of business leaders aiming to bolster the economy by offering investment capital, strategic advice, and mentorship to promising startups and early-stage companies in their region. Their mission is twofold: firstly, to foster economic growth and diversity by supporting innovative new businesses; secondly, to provide 757 Angels members with a risk-adjusted financial return on their investment and time commitment. Membership in 757 Angels is extended to individuals who share their vision and actively contribute to the process. The organization also collects a fee for each application from companies seeking to present their ideas to potential investors.
Official website here: www.757angelsgroup.com
Who is the CEO of 757 Angels?
John Paris is the Board Member of 757 Angels.
Official website here: www.757angelsgroup.com
What is the revenue of 757 Angels?
757 Angels's revenue in 2022 was $468,815.
Official website here: www.757angelsgroup.com
Who are the executives of 757 Angels and what are their salaries?
The average compensation at 757 Angels during 2022 was $166,550. There are 2 employees and 18 volunteers at 757 Angels.
Here are 19 key members and their salaries:
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- Compensation: $225,000
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Official website here: www.757angelsgroup.com
Where can I find the form 990 for 757 Angels?
757 Angels's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.757angelsgroup.com
Learn more at the official website: www.757angelsgroup.com
Mission Statement of 757 Angels
757 Angels, a network of business leaders in the Hampton Roads region, has a twofold mission. Their primary objective is to contribute to the growth and diversification of the local economy by supporting promising new and early-stage companies. By investing capital and providing strategic advice and mentoring, these companies are equipped to achieve market leadership.
In addition to boosting the local economy, 757 Angels aims to offer its members a risk-adjusted financial return on their investment capital and time commitment. By being an active member of this organization, individuals share a common vision and contribute to the selection process of companies that present their business ideas to potential investors.
To summarize, 757 Angels is a catalyst for economic growth in the Hampton Roads region. They support new and early-stage companies by offering investment capital, strategic advice, and mentoring, with the ultimate goal of helping these companies reach market leadership. At the same time, they provide their members with a risk-adjusted financial return on their investment and time commitment, making 757 Angels a beneficial asset for both the local economy and its members.
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Impact
October, 2024
757 Angels acts as a crucial driver for economic growth in the Hampton Roads region by fostering the development of startup and early-stage companies. By connecting a select network of business leaders with innovative entrepreneurs, 757 Angels provides essential investment capital, strategic guidance, and mentoring tailored to help these businesses achieve market leadership.
The organization's focus on local deal flow harnesses the unique potential of the Hampton Roads area, encouraging the emergence of diverse industries and invigorating the community's economic base. Members of 757 Angels actively engage, sharing expertise and resources to nurture promising ventures, which in turn cultivates a more robust local economy.
Through this collaborative approach, 757 Angels not only supports the creation of jobs and innovation but also aims to ensure its members receive favorable financial returns on their investments, making the initiative beneficial for both the community and the investors involved. Ultimately, 757 Angels enhances the entrepreneurial landscape, contributing to the overall vitality and diversity of the Hampton Roads economy.
This information is meant to be a general summary of 757 Angels. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $99
- Program Service Revenue: $170,177
- Gross Receipts: $468,815
Assets and Liabilities:
- Total Assets: $382,341
- Total Liabilities: $37,698
- Net Assets: $344,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$139,000
MANAGEMENT FEES
Revenue
$22,565
FEES
Revenue
$8,612
Organization Details
Founding Year
2014
Phone
(757) 287-3338Principal Officer
John Paris
Main Address
400 GRANBY STREET 115, NORFOLK, VA, 23510
Website
www.757angelsgroup.comNTEE Category
Code: S31 - Community improvement
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