Angels for Angels Company Profile

Background

Angels for Angels is a Seattle-based nonprofit organization established in 2011, dedicated to empowering social entrepreneurs to create and scale locally-led, sustainable social projects. The organization's mission is to assist social entrepreneurs in making a lasting difference by providing fiscal sponsorship, mentorship, and resources necessary for success. Angels for Angels operates both nationally and globally, supporting a diverse range of initiatives aimed at community improvement and capacity building.

Key Strategic Focus

The strategic focus of Angels for Angels encompasses:

Fiscal Sponsorship: Offering financial and administrative support to emerging nonprofits, enabling them to focus on their mission-driven activities without the burden of managing complex operational logistics.

Mentorship and Resources: Providing guidance and resources to social entrepreneurs, facilitating the development and scaling of impactful projects.

University Partnerships: Collaborating with academic institutions to teach social entrepreneurship and sponsor social enterprise design competitions.

Impact Investing: Assisting community leaders in creating their own social enterprises, thereby fostering economic development and sustainability.

Financials and Funding

Angels for Angels has demonstrated significant financial growth over recent years:

2023: Reported revenue of $8.33 million and expenses of $6.22 million, resulting in net assets of $2.83 million.

2022: Revenue of $2.03 million and expenses of $4.10 million, with net assets totaling $456,649.

2021: Revenue of $5.45 million and expenses of $3.23 million, leading to net assets of $2.49 million.

The organization's primary revenue source is contributions, accounting for approximately 97.6% in 2023.

Pipeline Development

Angels for Angels supports a diverse array of projects, including:

Eco-Shelter: Aiming to increase access to affordable and sustainable building materials for low-income consumers in emerging markets.

Inclusive STEM: Empowering students and professionals with disabilities by enabling equal access to information, resources, and opportunities in STEM fields.

Pad Heaven: Producing low-cost sanitary pads to decrease absenteeism among girls due to menstrual issues.

MovingWorlds: Supporting the UN Sustainable Development Goals by connecting talent to parts of the world that need it most, ensuring transformative experiences for those who share their skills.

Technological Platform and Innovation

While Angels for Angels primarily focuses on providing fiscal sponsorship and mentorship, it also leverages technological platforms to enhance its operations:

Online Application System: Streamlining the process for social entrepreneurs to apply for fiscal sponsorship and support.

Resource Sharing Platforms: Facilitating the exchange of best practices, tools, and resources among sponsored projects to promote efficiency and innovation.

Leadership Team

The leadership team of Angels for Angels comprises dedicated professionals committed to the organization's mission:

Mikel Samaniego: Serving as the Chief Executive Officer, Mikel brings extensive experience in nonprofit management and social entrepreneurship.

Anton Bird: As President, Anton provides strategic direction and oversight, ensuring alignment with the organization's mission and goals.

Emanuel Nistrian: In his role as Vice President, Emanuel focuses on program development and partnerships to expand the organization's impact.

Nelson Kim: Serving as a Board Member, Nelson contributes to governance and strategic planning.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within the leadership team of Angels for Angels.

Competitor Profile

Market Insights and Dynamics

The nonprofit sector dedicated to supporting social entrepreneurs is characterized by a growing emphasis on locally-led, sustainable initiatives. Organizations in this space focus on providing fiscal sponsorship, mentorship, and resources to empower community leaders in creating impactful social projects.

Competitor Analysis

Key competitors in this sector include:

Social Impact Fund: Provides fiscal sponsorship and funding to social entrepreneurs, focusing on innovative solutions to social challenges.

New Profit: Offers strategic support and investment to social entrepreneurs, aiming to scale high-impact solutions.

Echoing Green: Identifies and supports emerging social entrepreneurs through funding and leadership development programs.

Strategic Collaborations and Partnerships

Angels for Angels has established significant collaborations to enhance its impact:

University Partnerships: Collaborates with academic institutions to teach social entrepreneurship and sponsor design competitions, fostering innovation and leadership among students.

Community Organizations: Partners with local organizations to support and scale community-led initiatives, ensuring sustainability and local relevance.

Operational Insights

Angels for Angels differentiates itself through:

Comprehensive Support: Offering a combination of fiscal sponsorship, mentorship, and resources, providing holistic support to social entrepreneurs.

Global Reach: Supporting projects both nationally and internationally, demonstrating adaptability and responsiveness to diverse community needs.

Focus on Sustainability: Emphasizing the creation of sustainable social projects that are locally-led, ensuring long-term impact and community ownership.

Strategic Opportunities and Future Directions

Looking ahead, Angels for Angels aims to:

Expand Fiscal Sponsorship Programs: Increase the number of social entrepreneurs supported, thereby amplifying the organization's impact.

Enhance Technological Platforms: Develop and implement advanced technological solutions to streamline operations and resource sharing among sponsored projects.

Strengthen Partnerships: Forge new collaborations with academic institutions, community organizations, and other stakeholders to broaden the support network for social entrepreneurs.

Contact Information

For more information about Angels for Angels and its initiatives, please visit their official website.

Note: Specific contact details such as address, phone number, or email are not provided in this profile.