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San Diego Angels Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 912172015 ✦ San diego, CA ✦ Designated as a 501(c)(6)

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Overview

What is San Diego Angels Inc?

San Diego Angels Inc is a nonprofit organization situated in San Diego, California, specifically at 3525 Del Mar Heights Road 1979. Their primary mission is to foster capital formation, investor education, and provide access to capital for small businesses in Southern California. They achieve this by hosting quarterly meetings where they review and judge business plans, offering coaching to small companies in an attempt to secure investment. Additionally, they conduct ad hoc meetings for due diligence on companies and provide feedback and coaching. The organization also hosts events, such as a Quick Pitch Competition, where small companies seeking investment are trained in presentation skills and then judged by the public. San Diego Angels Inc plays a crucial role in supporting the growth and success of small businesses in the region.


Official website here: www.techcoastangels.com

Is San Diego Angels Inc legitimate?

San Diego Angels Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. San Diego Angels Inc 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: $190,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $177,833

For more financial information, click here


Official website here: www.techcoastangels.com

What is the mission statement of San Diego Angels Inc?

San Diego Angels Inc is committed to promoting capital formation, investor education, and providing access to capital for small businesses. Through their activities, they aim to educate startup founders about potential investment opportunities and their chances of success. They organize events such as Quick Pitch Competitions, where small companies are coached on their presentation skills and judged by investors. Regular meetings are held to review and evaluate business plans, offering coaching and guidance to small companies in an effort to secure investments. Ad hoc meetings are also conducted for due diligence purposes, providing feedback and coaching to potential investments.


Official website here: www.techcoastangels.com

Who is the CEO of San Diego Angels Inc?

Caitlin Wege is the President of San Diego Angels Inc.


Official website here: www.techcoastangels.com

What is the revenue of San Diego Angels Inc?

San Diego Angels Inc's revenue in 2022 was $676,788.


Official website here: www.techcoastangels.com

Who are the executives of San Diego Angels Inc and what are their salaries?


Here are 5 key members and their salaries:


Ashok Kamal (Executive Dir.)
  • Compensation: $255,000
  • Related: $0
  • Other: $0
Mike Fuller (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Friedman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caitlin Wege (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Barnes (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.techcoastangels.com

Where can I find the form 990 for San Diego Angels Inc?

San Diego Angels Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.techcoastangels.com

Learn more at the official website: www.techcoastangels.com

Mission Statement of San Diego Angels Inc

San Diego Angels Inc, a nonprofit organization, is dedicated to fostering three key aspects: capital formation, investor education, and providing access to capital for small businesses within Southern California. Their mission is to support these businesses by offering them the necessary resources and knowledge to secure investments and grow successfully.

Throughout its operations, San Diego Angels Inc focuses on educating startup founders about the types of opportunities that are likely to attract capital and succeed. By doing so, the organization aims to equip these entrepreneurs with the skills and understanding necessary to navigate the investment landscape. In addition to education, San Diego Angels Inc organizes events such as Quick Pitch Competitions, where small companies seeking investment receive coaching on their presentation skills and are judged by a public audience.

Moreover, the organization holds quarterly meetings where they review and judge business plans, offering guidance and coaching to small companies. This ongoing support is aimed at helping these businesses to improve their investment prospects. San Diego Angels Inc also conducts ad hoc meetings, providing due diligence on companies and offering feedback and coaching. Their mission is to empower small businesses in Southern California by providing them with the resources and opportunities necessary to succeed in the competitive investment landscape.

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Impact




October, 2024

San Diego Angels Inc significantly impacts the entrepreneurial landscape in Southern California by facilitating capital formation and enhancing investor education. The organization provides invaluable resources for startup founders, educating them on the types of opportunities that attract investment and increase the chances of success. Through initiatives like the Quick Pitch Competition, San Diego Angels Inc helps small companies refine their presentation skills and connects them directly with potential investors, enriching the startup ecosystem.

The regular quarterly meetings serve as a platform for assessing business plans and offering constructive feedback, which empowers small businesses in their quest for funding. Additionally, the ad hoc meetings focus on performing due diligence for companies seeking investment, ensuring that both founders and investors are well-informed and adequately prepared for potential partnerships.

By promoting access to capital and fostering a supportive community for startups, San Diego Angels Inc plays a crucial role in driving economic development and innovation in the region. Its commitment to coaching and mentoring emerging businesses not only strengthens individual companies but also enhances the overall vitality of the Southern California business landscape.




This information is meant to be a general summary of San Diego Angels Inc. 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.

Revenue
$676,788 (2022)
Expenses
$605,546 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $676,788

Assets and Liabilities:

  • Total Assets: $604,066
  • Total Liabilities: $287,765
  • Net Assets: $316,301

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Organization Details

Founding Year

2001

Principal Officer

Caitlin Wege

Main Address

3525 DEL MAR HEIGHTS ROAD 1979, SAN DIEGO, CA, 92130

NTEE Category

Code: S41 - Community improvement

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