TY 2021 Form 990PF

- TIN:

Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022

Name of foundation
ANGEL WINGS FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)2629 N CAUSEWAY BLVD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
METAIRIE, LA70002

A Employer identification number

72-1191792

B Telephone number (see instructions)

(504) 836-9620

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$6,818,836J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	5		5	5
4	Dividends and interest from securities...	94,957		94,957	94,957
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		419,962
b	Gross sales price for all assets on line 6a 561,285
7	Capital gain net income (from Part IV, line 2)...			419,962
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		239,745
12	Total. Add lines 1 through 11........	754,669		514,924	94,962
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		5,000	1,250		3,750
c	Other professional fees (attach schedule)....
17	Interest...............	67,423		16,856		50,567
18	Taxes (attach schedule) (see instructions)...
19	Depreciation (attach schedule) and depletion...		105,943	105,943
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		284,949	42,207		213,711
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	463,315		166,256		268,028
25	Contributions, gifts, grants paid.......	212,694				212,694
26	Total expenses and disbursements. Add lines 24 and 25	676,009		166,256		480,722
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	78,660
b	Net investment income (if negative, enter -0-)			348,668
c	Adjusted net income (if negative, enter -0-)...				94,962

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	49,547	35,448	35,448
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	4,070,431	3,741,592	3,741,592
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 4,073,297
		Less: accumulated depreciation (attach schedule) 2,213,539	1,965,701	1,859,758	3,041,796
	15	Other assets (describe )	1	1
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,085,680	5,636,799	6,818,836
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................	18,550
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	1,538,299	1,495,358
	23	Total liabilities (add lines 17 through 22).........	1,556,849	1,495,358
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	4,528,831	4,141,441
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	4,528,831	4,141,441
	30	Total liabilities and net assets/fund balances (see instructions).	6,085,680	5,636,799

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

4,528,831

Enter amount from Part I, line 27a .....................

78,660

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

4,607,491

Decreases not included in line 2 (itemize) bullet

466,050

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

4,141,441

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	2952 SHARES AT&T	P	2019-01-14	2022-02-28
b	1600 SHARES HOME DEPOT	P	2011-08-18	2022-04-14
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	69,557	89,965	-20,408
b	491,728	51,358	440,370
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-20,408
b			440,370
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	419,962
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	4,846
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	4,846
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	120
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	4,966
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax0	Refunded	11

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation . Click to see attachment

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

CINDY G PAULIN Telephone no. bullet

(504) 836-9620

Located at bullet

2629 N CAUSEWAY BLVDMETAIRIELA ZIP+4 bullet

70002

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2021? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2021.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JOHN A STASSI II	Treasurer 0.00	0
197 E OAKRIDGE PARK METAIRIE,LA700054018	Treasurer 0.00	0
CINDY PAULIN	President 5.00	0
2629 N CAUSEWAY BLVD METAIRIE,LA70002	President 5.00	0
TERRENCE E HALL	Director 0.00	0
257 VINCENT AVE METAIRIE,LA70005	Director 0.00	0
ADRIANE SPENCER	Director 0.00	0
7516 JEANNETTE ST NEW ORLEANS,LA70118	Director 0.00	0
BRISCOE C CAMPBELL	Director 0.00	0
317 DODGE AVENUE JEFFERSON,LA70121	Director 0.00	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

Form 990-PF (2021)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

4,174,090

Average of monthly cash balances.......................

37,916

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

4,212,006

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

4,212,006

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

63,180

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

4,148,826

Minimum investment return. Enter 5% (0.05) of line 5................

207,441

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

207,441

Tax on investment income for 2021 from Part V, line 5.......

4,846

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

4,846

Distributable amount before adjustments. Subtract line 2c from line 1............

202,595

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

202,595

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

202,595

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			202,595
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......	413,164
b From 2017......	292,964
c From 2018......	285,365
d From 2019......	242,276
e From 2020......	223,364
f Total of lines 3a through e ........		1,457,133
4Qualifying distributions for 2021 from Part
XI, line 4: $ 480,722
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....			202,595
e Remaining amount distributed out of corpus		278,127
5 Excess distributions carryover applied to 2021.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		1,735,260
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		413,164
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		1,322,096
10 Analysis of line 9:
a Excess from 2017....	292,964
b Excess from 2018....	285,365
c Excess from 2019....	242,276
d Excess from 2020....	223,364
e Excess from 2021....	278,127

Form 990-PF (2021)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

CO CINDY PAULIN
2629 N CAUSEWAY BLVD
METAIRIE,LA70002
(504) 836-9620
paulinc@eaganins.com

bThe form in which applications should be submitted and information and materials they should include:

APPLICATION FOR GRANTS SHOULD BE SUBMITTED IN THE FORM OF A LETTER ADDRESSED TO THE BOARD OF THE FOUNDATION. THE LETTER MUST INCLUDE: 1. THE AMOUNT OF GRANT REQUESTED, 2. A STATEMENT OF HOW THE GRANT WILL BE USED, 3. A STATEMENT OF THE BENEFITS TO BE DERIVED FROM SUCH A GRANT, 4. A STATEMENT OF NEED, AND 5. A STATEMENT VERIFYING THE APPLICANT'S 501 (C) STATUS. OTHER DOCUMENTS, SUCH AS A BRIEF HISTORY OF THE APPLICANT'S ORGANIZATION, STATISTICAL INFORMATION, ETC. MAY BE SUBMITTED WITH THE REQUEST.

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ST ELIZABETH'S GUILD PO BOX 8394 METAIRIE,LA70011	NONE		PROGRAM SUPPORT	15,000
ST MICHAEL'S SPECIAL SCHOOL 1522 CHIPPEWA STREET NEW ORLEANS,LA70130	NONE		PROGRAM SUPPORT	10,000
RAINTREE CHILDREN AND FAMILY SERVIC 1233 EIGHTH ST NEW ORLEANS,LA70115	NONE		PROGRAM SUPPORT	60,144
THE GOOD SHEPHERD SCHOOL 353 BARONNE ST NEW ORLEANS,LA70112	NONE		PROGAM SUPPORT	11,000
THE MIRACLE LEAGUE OF GNO 200 HENRY CLAY AVE NEW ORLEANS,LA70118	NONE		PROGRAM SUPPORT	1,000
SALVATION ARMY NO 4526 S CLAIBORNE AVE NEW ORLEANS,LA70125	NONE		PROGRAM SUPPORT	5,000
LADIES LEUKEMIA LEAGUE PO BOX 9355 METAIRIE,LA70055	NONE		PROGRAM SUPPORT	5,000
HOGS FR THE CAUSE 2928 JOHNSON ST METAIRIE,LA70001	NONE		PROGRAM SUPPORT	5,000
CANCER CRUSADERS PO BOX 7911 METARIE,LA70010	NONE		PROGRAM SUPPORT	1,400
ALGIERS COMMUNITY FOUNDATION 3300 ETON ST NEW ORLEANS,LA70131	NONE		PROGRAM SUPPORT	500
CHILDREN'S CIRCUS PROJECT PO BOX 19472 SHREVEPORT,LA71149	NONE		PROGRAM SUPPORT	1,000
JCRS PO BOX 7368 METAIRIE,LA70010	NONE		PROGRAM SUPPORT	5,000
BAPTIST COMMUNITY MINISTRIES 400 POYDRAS ST STE 2950 NEW ORLEANS,LA70130	NONE		PROGRAM SUPPORT	1,000
MAGNOLIA COMMUNITY SERVICES INC 100 CENTRAL AVE JEFFERSON,LA70121	NONE		PROGRAM SUPPORT	31,000
NEW ORLEANS MISSION 1134 BARONNE ST NEW ORLEANS,LA70113	NONE		PROGRAM SUPPORT	3,500
BOYS GIRLS CLUBS OF METRO NEW ORLEA 5420 FRANKLIN AVE NEW ORLEANS,LA70122	NONE		PROGRAM SUPPORT	2,500
CHILDREN'S ADVOCACY CENTER-HOPE HOU PO BOX 1852 COVINGTON,LA70434	NONE		PROGRAM SUPPORT	1,000
CHILDREN'S HOSPITAL OF NEW ORLEANS 200 HENRY CLAY AVE NEW ORLEANS,LA70118			PROGRAM SUPPORT	10,000
EVERGREEN PRESBYTERIAN MINISTRIES O 30199 JULIA ST ALBANY,LA70711			PROGRAM SUPPORT	5,000
FRIENDS OF RAINTREE CHILDREN FAMILY 1233 EIGHT ST NEW ORLEANS,LA70115			PROGRAM SUPPORT	1,000
GALATOIRE FOUNDATION 209 BOURBON STREET NEW ORLEANS,LA70130			PROGRAM SUPPORT	10,000
JUSTICE ACCOUNTABILITY CENTER OF NO 4035 WASHINGTONAVE SUITE 203 NEW ORLEANS,LA70125			PROGRAM SUPPORT	7,500
MULTIPLE SCLEROSIS SOCIETY 4613 FAIRFIELD ST METAIRIE,LA70006			PROGRAM SUPPORT	1,000
PADUA COMMUNITY SERVICE 200 BETA ST BELLE CHASSE,LA70037			PROGRAM SUPPORT	7,500
SAFE HARBOR DOMESTIC VIOLENCE PROGR PO BOX 1179 MANDEVILLE,LA70470			PROGRAM SUPPORT	5,000
UNIVERSITY OF HOLY CROSS 4123 WOODLANDR DR NEW ORLEANS,LA70131			PROGRAM SUPPORT	5,000
WE LIFT YOU UP 18122 MONGA DR COVINGTON,LA70433			PROGRAM SUPPORT	1,650
Total ................................. 3a				212,694

bApproved for future payment

Total ................................. 3b

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	5
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............					419,962
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aRENTAL INCOME-INVESTMENT PROPE					239,745
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				94,962	659,707

13Total. Add line 12, columns (b), (d), and (e)..................

754,669

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2021)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:	21013475
Software Version:	2021v4.1

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

ANGEL WINGS FOUNDATION

EIN:

72-1191792

Software ID:

21013475

Software Version:

2021v4.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting	5,000	1,250	0	3,750

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2021 DepreciationSchedule

Name:

ANGEL WINGS FOUNDATION

EIN:

72-1191792

Software ID:

21013475

Software Version:

2021v4.1

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
HARPER HULL CONSTRUCTION	1999-02-25	40,567	32,758	SL	4.00 %	1,623
SECUIRTY SYSTEM - HONEY	1999-02-25	2,000	1,614	SL	4.00 %	80
REFRIGERATOR & DISHWASHER	1999-02-25	1,987	1,596	SL	4.00 %	79
HARPER HULL - REMODELING	1999-03-04	18,565	14,967	SL	4.00 %	743
BUILDING IMPROVEMENTS	1999-04-08	34,373	27,643	SL	4.00 %	1,375
BUILDING IMPROVEMENTS	1999-04-08	29,698	23,884	SL	4.00 %	1,188
AUDUBON GUTTERS CO.	1999-05-06	5,905	4,735	SL	4.00 %	236
APPLIANCES	1999-05-06	3,250	2,608	SL	4.00 %	130
JEFFERSON SPRINKLER	1999-05-06	981	783	SL	4.00 %	39
HARPER CONSTRUCTION	1999-05-17	27,486	22,050	SL	4.00 %	1,099
BUILDING IMPROVEMENTS	1999-05-17	8,426	6,762	SL	4.00 %	337
LANDSCAPING	1999-05-17	2,404	1,926	SL	4.00 %	96
SECURITY SYSTEM - HONEY	1999-06-28	3,315	2,662	SL	4.00 %	133
SECURITY SYSTEM - HONEY	1999-06-28	3,315	2,662	SL	4.00 %	133
SECURITY SYSTEM - HONEY	1999-06-28	3,315	2,662	SL	4.00 %	133
AUDUBON GUTTERS - 100 CEN	2000-01-05	10,650	8,405	SL	4.00 %	426
BLDG 3704-06 S-110 SERVIC	2020-03-02	109,767	86,264	SL	4.00 %	4,391
HONEY SECURITY SYSTEM	2000-03-14	1,326	1,042	SL	4.00 %	53
TIME CLOCK	2000-10-01	1,703	1,316	SL	4.00 %	68
BUILDING IMPROVEMENTS	2000-10-16	159,469	123,460	SL	4.00 %	6,379
SCURITY SYSTEM	2000-10-16	1,063	831	SL	4.00 %	43
SPRINKLER SYSTEM	2000-10-16	6,980		SL	4.00 %	63
APPLIANCES	2000-11-07	2,119	1,641	SL	4.00 %	85
WASHER/DRYER	2000-11-08	800	618	SL	4.00 %	32
FIRE ALARM	2000-11-10	3,188	2,472	SL	4.00 %	128
ARCHITECT FEES I-110 SERVI	2001-03-01	800	613	SL	4.00 %	32
ARCHITECT FEES - ARIS GROU	2001-03-06	3,800	2,910	SL	4.00 %	152
RENOVATIONS I-10 SERVICE	2000-08-29	16,374	12,732	SL	4.00 %	655
1009 ARIS STREET	2002-08-01	88,000	60,405	SL	3.64 %	3,201
IMPROVEMENTS 1009 ARIS	2003-04-03	96,597	63,952	SL	3.64 %	3,512
GROUP HOME	2005-02-28	8,064	5,276	SL	4.00 %	323
GROUP HOME	2005-06-08	23,163	14,909	SL	4.00 %	927
GROUP HOME-326 CENTRAL AV	2014-01-01	460,800	138,240	SL	4.00 %	18,432
IMPROV - 326 CENTRAL AV	2014-01-01	22,401	6,720	SL	4.00 %	896
FURNITURE-326 CENTRAL AVE	2014-01-01	21,406	6,420	SL	4.00 %	856
APPLIANCES-307 SHREWSBURY	2015-03-12	4,517	1,086	SL	4.00 %	181
FURNITURE - 307 SHREWSBURY	2015-03-12	5,856	1,404	SL	4.00 %	234
IMPROVEMENTS - 1009 ARIS	2015-07-01	80,212	19,248	SL	4.00 %	3,208
IMPROVEMENTS - 119 MAINE	2015-06-24	2,886	690	SL	4.00 %	115
IMPROVEMENTS - 1233 8TH ST	2015-07-01	18,236	4,374	SL	4.00 %	729
IMPROV - 307 SHREWSBURY	2015-07-01	66,024	15,846	SL	4.00 %	2,641
IMPROVEMENTS - 333 DODGE	2016-02-10	41,503	9,960	SL	4.00 %	1,660
IMPROV - 400 SHREWSBURY	2015-07-01	35,528	8,526	SL	4.00 %	1,421
IMPROV-645 ST. GEORGE	2015-07-01	32,986	7,914	SL	4.00 %	1,319
IMPROVEMENTS - 764 HICKORY	2015-06-24	59,983		SL	4.00 %	1,824
FURNITURE - 764 HICKORY	2015-07-25	8,290	1,964	SL	4.00 %	332
APPLIANCES - 645 ST. GEORGE	2015-09-14	2,501	583	SL	4.00 %	100
FURNITURE - 333 DODGE	2016-02-01	6,263	1,359	SL	4.00 %	251
IMPROVEMENTS - 1233 8TH ST	2016-04-28	3,062	630	SL	4.00 %	122
IMPROV - 213 ST. GEORGE	2015-11-03	7,165	1,626	SL	4.00 %	287
IMPRO - 307 SHREWSBURY	2015-10-02	4,188	966	SL	4.00 %	168
IMPROVEMENTS - 333 DODGE	2015-07-01	94,061	20,691	SL	4.00 %	3,762
IMPROV - 3704 I-10 SVC RD	2016-01-01	26,286	5,781	SL	4.00 %	1,051
IMPROV - 400 SHREWSBURY	2015-07-01	49,923	11,316	SL	4.00 %	1,997
IMPROVEMENTS - 520 DECKBAR	2016-02-10	25,689	5,397	SL	4.00 %	1,028
IMPROV - 645 ST. GEORGE	2016-01-01	104,844	24,465	SL	4.00 %	4,194
IMPROVEMENTS - 764 HICKORY	2015-07-25	28,369	6,715	SL	4.00 %	1,135
GROUP HOME - 680 JEFF HTS	2015-06-30	335,089	80,424	SL	4.00 %	13,404
FURNITURE - 645 ST. GEORGE	2016-07-11	4,207	840	SL	4.00 %	168
FURNITURE - 6980 JEFF HGTS	2015-04-30	29,141	5,635	SL	4.00 %	1,166
IMPROV - 680 JEFF HGTS	2015-04-30	233,457	45,134	SL	4.00 %	9,338
IMPROVEMENTS - 520 DECKBAR	2019-02-26	58,085	5,420	SL	4.00 %	2,323
BUILDING IMPROVEMENTS REMAI	1999-02-25	24,318	19,640	SL	4.00 %	973
IMPROV - 1009 ARIS	2019-01-01	12,964	821	SL	4.00 %	519
IMPROV - 213 ST, GEORGE	2019-01-01	9,502	728	SL	4.00 %	380
IMPROV - 307 SHREWSBURY	2019-11-11	4,000	267	SL	4.00 %	160
IMPROV - 326 CENTRAL	2019-12-01	19,239	1,155	SL	4.00 %	770
IMPROV - 400 SHREWSBURY	2019-12-01	5,502	422	SL	4.00 %	220
IMPROV - 520 DECKBAR	2019-12-13	4,000	253	SL	4.00 %	160
IMPROV - 645 ST GEORGE	2020-07-01	13,114	1,006	SL	4.00 %	525

- TIN:

TY 2021 ExplnOfNonFilingWithAGStmt

Name:

ANGEL WINGS FOUNDATION

EIN:

72-1191792

Software ID:

21013475

Software Version:

2021v4.1

Statement:

THE FOUNDATION IS NOT REQUIRED TO FILE WITH THE STATE ATTORNEY GENERAL OF LOUISIANA

- TIN:

TY 2021 LandEtcSchedule2

Name:

ANGEL WINGS FOUNDATION

EIN:

72-1191792

Software ID:

21013475

Software Version:

2021v4.1

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Furniture and Fixtures	71,808	19,674	52,134
Buildings	2,112,861	1,514,174	598,687	2,741,524
Improvements	1,588,356	679,691	908,665
Land	300,272		300,272	300,272

- TIN:

TY 2021 OtherAssetsSchedule

Name:

ANGEL WINGS FOUNDATION

EIN:

72-1191792

Software ID:

21013475

Software Version:

2021v4.1

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
Rounding		1

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

ANGEL WINGS FOUNDATION

EIN:

72-1191792

Software ID:

21013475

Software Version:

2021v4.1

Description	Amount
NET UNREALIZED LOSSES ON INVESTMENTS	466,050

- TIN:

TY 2021 OtherExpensesSchedule

Name:

ANGEL WINGS FOUNDATION

EIN:

72-1191792

Software ID:

21013475

Software Version:

2021v4.1

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Advertising	4,600		3,450
Contract labor	17,520		13,140
Portfolio management fees	42,207	42,207	31,655
Property Insurance	46,591		34,943
Real Estate COmmissions	1,185		889
Repairs	169,756		127,317
Utilities	3,090		2,317

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

ANGEL WINGS FOUNDATION

EIN:

72-1191792

Software ID:

21013475

Software Version:

2021v4.1

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
RENTAL INCOME-INVESTMENT PROPE	239,745

- TIN:

TY 2021 OtherLiabilitiesSchedule

Name:

ANGEL WINGS FOUNDATION

EIN:

72-1191792

Software ID:

21013475

Software Version:

2021v4.1

Description	Beginning of Year - Book Value	End of Year - Book Value
LINE OF CREDIT	1,538,299	1,495,358

- TIN:

TY 2021 ReasonableCauseExplanation

Name:

ANGEL WINGS FOUNDATION

EIN:

72-1191792

Software ID:

21013475

Software Version:

2021v4.1

Explanation:

FOUNDATION VOLUNTEER TREASURER SUSTAINED SIGNIFICANT ILLNESS DURING THE LAST THREE YEARS.