Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 07-01-2024 , and ending 06-30-2025
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$3,325,955
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I 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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 6,457 6,457 6,457
4 Dividends and interest from securities... 78,129 78,129 78,129
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 62
b Gross sales price for all assets on line 6a 250,000
7 Capital gain net income (from Part IV, line 2)... 62
8 Net short-term capital gain......... 62
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)....... 235,200    
12 Total. Add lines 1 through 11........ 319,848 84,648 84,648
Operating and Administrative Expenses 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)....... 5,950 4,200   1,750
c Other professional fees (attach schedule)....        
17 Interest............... 49,820 49,820    
18 Taxes (attach schedule) (see instructions)... 9,698      
19 Depreciation (attach schedule) and depletion... 81,665 81,665  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 181,040 30,565   150,475
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 328,173 166,250   152,225
25 Contributions, gifts, grants paid....... 233,900 233,900
26 Total expenses and disbursements. Add lines 24 and 25 562,073 166,250   386,125
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -242,225
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 84,648
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 31,175 21,029 21,029
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 3,217,357 Click to see attachment
List of Attached Documents:
// Content
3,304,926
3,304,926
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow3,582,823
Less: accumulated depreciation (attach schedule) right arrow2,180,381 1,483,310 Click to see attachment
List of Attached Documents:
// Content
1,402,442
 
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,731,842 4,728,397 3,325,955
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
665,741
Click to see attachment
List of Attached Documents:
// Content
571,637
23 Total liabilities (add lines 17 through 22)......... 665,741 571,637
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 4,066,101 4,156,760
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 4,066,101 4,156,760
30 Total liabilities and net assets/fund balances (see instructions). 4,731,842 4,728,397
Part III
Analysis of Changes in Net Assets or Fund Balances
1
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) ...............
1
4,066,101
2
Enter amount from Part I, line 27a .....................
2
-242,225
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
332,884
4
Add lines 1, 2, and 3 ..........................
4
4,156,760
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,156,760
Form 990-PF (2024)
Form 990-PF (2024)
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 250000 BANK OF AMERICA N 5150 240C25 P 2024-04-18 2024-10-25
b
c
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 250,000   249,938 62
b
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       62
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 62
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 ...................
Bracket 3 62
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 right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 0
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 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  
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 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  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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? ................
6
Yes
 
7
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..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
b
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 .
8b
Yes
 
9
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
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 .............
11
 
No
12
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.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowCINDY G PAULIN Telephone no.right arrow (504) 836-9620

Located atright arrow2629 N CAUSEWAY BLVDMETAIRIELA ZIP+4right arrow70002
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
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
No
1a
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)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)
 
No
(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)
 
No
b
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 ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2024? .............
1d
 
No
2
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)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
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.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 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 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(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)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(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)
 
No
b
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 ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
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? .........................
8
 
No
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
CINDY PAULIN President
5.00
0    
2629 N CAUSEWAY BLVD
METAIRIE,LA70002
TERRENCE E HALL Director
0.00
0    
257 VINCENT AVE
METAIRIE,LA70005
ADRIANE SPENCER Director
0.00
0    
7516 JEANNETTE ST
NEW ORLEANS,LA70118
BRISCOE C CAMPBELL Director
0.00
0    
317 DODGE AVENUE
JEFFERSON,LA70121
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...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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.............right arrow  
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.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
0
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
0
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
0
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
0
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
0
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.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
0
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
386,125
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
386,125
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2023
(c)
2023
(d)
2024
1 Distributable amount for 2024 from Part X, line 7 0
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 242,276
b From 2020...... 223,364
c From 2021...... 278,127
d From 2022...... 403,882
e From 2023...... 345,622
f Total of lines 3a through e ........ 1,493,271
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 386,125
a Applied to 2023, 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 2024 distributable amount.....  
e Remaining amount distributed out of corpus 386,125
5 Excess distributions carryover applied to 2024.    
(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 1,879,396
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 ..........
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 2019 not
applied on line 5 or line 7 (see instructions) ...
242,276
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ......
1,637,120
10 Analysis of line 9:
a Excess from 2020.... 223,364
b Excess from 2021.... 278,127
c Excess from 2022.... 403,882
d Excess from 2023.... 345,622
e Excess from 2024.... 386,125
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed ..........
Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 right arrow 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
CPaulin@higginbotham.net
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 (2024)
Form 990-PF (2024)
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)
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 7,000
RAINTREE CHILDREN AND FAMILY SERVIC


1233 EIGHTH ST
NEW ORLEANS,LA70115
NONE   PROGRAM SUPPORT 30,000
THE GOOD SHEPHERD SCHOOL


353 BARONNE ST
NEW ORLEANS,LA70112
NONE   PROGAM SUPPORT 16,000
BOYS HOPE GIRLS HOPE


PO BOX 19307
NEW ORLEANS,LA70179
NONE   PROGRAM SUPPORT 2,500
THE MIRACLE LEAGUE OF GNO


200 HENRY CLAY AVE
NEW ORLEANS,LA70118
NONE   PROGRAM SUPPORT 25,000
LADIES LEUKEMIA LEAGUE


PO BOX 9355
METAIRIE,LA70055
NONE   PROGRAM SUPPORT 5,000
CANCER CRUSADERS


PO BOX 7911
METARIE,LA70010
NONE   PROGRAM SUPPORT 6,850
CHATEAU GOLF COUNTRY CLUB CHARITIES


3600 CHATEAU BLVD
KENNER,LA70065
NONE   PROGRAM SUPPORT 1,500
JCRS


PO BOX 7368
METAIRIE,LA70010
NONE   PROGRAM SUPPORT 3,600
MAGNOLIA COMMUNITY SERVICES INC


100 CENTRAL AVE
JEFFERSON,LA70121
NONE   PROGRAM SUPPORT 41,000
EDEN HOUSE


PO BOX 750386
NEW ORLEANS,LA70175
NONE   PROGRAM SUPPORT 1,500
NEW ORLEANS MISSION


1134 BARONNE ST
NEW ORLEANS,LA70113
NONE   PROGRAM SUPPORT 3,000
CHILDREN'S HOSPITAL OF NEW ORLEANS


200 HENRY CLAY AVE
NEW ORLEANS,LA70118
    PROGRAM SUPPORT 3,000
SAFE HARBOR DOMESTIC VIOLENCE PROGR


PO BOX 1179
MANDEVILLE,LA70470
    PROGRAM SUPPORT 1,000
WE LIFT YOU UP


18122 MONGA DR
COVINGTON,LA70433
    PROGRAM SUPPORT 1,250
EAST JEFFERSON GENERAL AUX


4200 HOUMA BLVD
METAIRIE,LA70006
    PROGRAM SUPPORT 2,500
ALEXANDER MILNE DEVELOPMENTAL SERVI


1065 MILNE CIRCLE
COVINGTON,LA70435
    PROGRAM SUPPORT 1,000
NAMI NEW ORLEANS


4403 CANAL ST
NEW ORLEANS,LA70119
    PROGRAM SUPPORT 2,500
ONE HEART NOLA


2900 ELYSIAN FIELDS AVE
NEW ORLEANS,LA70122
    PROGRAM SUPPORT 4,000
BRAVO - NEW ORLEANS BALLET


935 GRAVIER ST
NEW ORLEANS,LA70112
    PROGRAM SUPPORT 1,000
UIS FUNDS LLC - HOGS FOR THE CAUSE


PO BOX 792300
NEW ORLEANS,LA70179
    PROGRAM SUPPORT 5,000
NOEL NOLA ED LEAGUE - CONST INDUSTR


1511 IBERVILLE UNIT 209
NEW ORLEANS,LA70112
    PROGRAM SUPPORT 5,000
DIVINE MERCY


4337 SAL LENTINI PKWY
KENNER,LA70065
NONE   PROGRAM SUPPORT 1,000
EXCHANGE CLUB OF WEST ST TAMMANY


PO BOX 881
MANDEVILLE,LA70470
NONE   PROGRAM SUPPORT 1,000
LSU HEALTH FOUNDATION


2000 TULANE AVENUE 4TH FLOOR
NEW ORLEANS,LA70112
NONE   PROGRAM GROWTH 1,000
SWINE KREWE TOO INC


4751 LAFAYE ST
NEW ORLEANS,LA70112
NONE   PROGRAM GROWTH 2,500
THE CHILDREN'S CIRCUS


1111 N FLOYD RD STE C
RICHARDSON,TX75080
NONE   PROGRAM GROWTH 1,000
MIRACLE MANCHESTER co RICHARD NEWMA


216 POCOSIN DR
MANDEVILLE,LA70471
NONE   PROGRAM GROWTH 5,000
JEFFERSON CHILDREN'S ADVOCACY CENTE


PO BOX 2243
GRETNA,LA70054
NONE   PROGRAM GROWTH 5,000
CAMP PELICAN-LA PULMONARY DISEASE C


1539 STROELITZ
METAIRIE,LA70001
NONE   PROGRAM GROWTH 5,000
AMERICAN STROKE ASSOCIATION


7272 GREENVILLE AVE
DALLAS,TX75231
    PROGRAM GROWTH 1,000
CBIB


PO BOX 778
LACOMBE,LA70445
    PROJECT GROWTH 1,000
HOSPICE HOUSE


PO BOX 5806
SLIDELL,LA70469
NONE   PROJECT GROWTH 500
DIRECTED FOR YOUTH


1515 INDIANOLA AVE
COLUMBUS,OH43201
    PROJECT GROWTH 2,500
FIRST LINE SCHOOLS INC


300 N BROAD ST STE 207
NEW ORLEANS,LA70119
    PROJECT GROWTH 1,200
HEARTS OF PASSION


448 HIGHLAND PARK TRACE
PINE MOUNTAIN,GA31822
    PROJECT GROWTH 1,000
JPA LANDING LADIES


4811 PRIVATEER BLVD STE 100
BARATARIA,LA70036
    PROJECT GROWTH 5,000
NOBA


935 GRAVIER STREET STE 800
NEW ORLEANS,LA70112
    PROJECT GROWTH 5,000
ST JOSEPH ABBEY


75376 RIVER RD
ST BENEDICT,LA70457
    PROJECT GROWTH 1,000
VISIT KENNER


PO BOX 148
KENNER,LA70062
    PROJECT GROWTH 2,500
WOMENS OF NOLA


335 ORION AVE
METAIRIE,LA70005
    PROJECT GROWTH 5,000
YOUTH EXCITE ALL STARS


4949 BULLARD AVE STE A
NEW ORLEANS,LA70128
    PROJECT GROWTH 2,500
Total .................................right arrow 3a 233,900
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
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
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 6,457  
4 Dividends and interest from securities ....     14 78,129  
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 ............
        62
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRENTAL INCOME-INVESTMENT PROPE
        235,200
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   84,586 235,262
13Total. Add line 12, columns (b), (d), and (e)..................
13
319,848
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow
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 (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
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
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
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
2a
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? ...........
b
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.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow
PTIN
Firm's name Right Arrow
Firm's EIN Right Arrow
Firm's address Right Arrow


Phone no.
Form 990-PF (2024)
Additional Data


Software ID: 24020490
Software Version: 2024v5.2


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
ANGEL WINGS FOUNDATION
EIN:
72-1191792
Software ID:
24020490
Software Version:
2024v5.2
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 5,950 4,200 0 1,750

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

TY 2024 DepreciationSchedule
Name:
ANGEL WINGS FOUNDATION
EIN:
72-1191792
Software ID:
24020490
Software Version:
2024v5.2
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)
Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
AUDUBON GUTTERS - 100 CEN 2000-01-05 10,650 9,683 SL 2.00 % 213      
HONEY SECURITY SYSTEM 2000-03-14 1,326 1,201 SL 2.00 % 27      
TIME CLOCK 2000-10-01 1,703 1,520 SL 4.00 % 68      
BUILDING IMPROVEMENTS 2000-10-16 159,469 142,597 SL 4.00 % 6,379      
SCURITY SYSTEM 2000-10-16 1,063 960 SL 4.00 % 43      
SPRINKLER SYSTEM 2000-10-16 6,980 189 SL 4.00 % 63      
APPLIANCES 2000-11-07 2,119 1,896 SL 4.00 % 85      
WASHER/DRYER 2000-11-08 800 714 SL 4.00 % 32      
FIRE ALARM 2000-11-10 3,188 2,856 SL 4.00 % 128      
GROUP HOME-326 CENTRAL AV 2014-01-01 460,800 193,536 SL 4.00 % 18,432      
IMPROV - 326 CENTRAL AV 2014-01-01 22,401 9,408 SL 4.00 % 896      
FURNITURE-326 CENTRAL AVE 2014-01-01 21,406 8,988 SL 4.00 % 856      
APPLIANCES-307 SHREWSBURY 2015-03-12 4,517 1,629 SL 4.00 % 181      
FURNITURE - 307 SHREWSBURY 2015-03-12 5,856 2,106 SL 4.00 % 234      
IMPROVEMENTS - 119 MAINE 2015-06-24 2,886 1,035 SL 4.00 % 115      
IMPROVEMENTS - 1233 8TH ST 2015-07-01 18,236 6,561 SL 4.00 % 729      
IMPROV - 307 SHREWSBURY 2015-07-01 66,024 23,769 SL 4.00 % 2,641      
IMPROVEMENTS - 333 DODGE 2016-02-10 41,503 14,940 SL 4.00 % 1,660      
IMPROV - 400 SHREWSBURY 2015-07-01 35,528 12,789 SL 4.00 % 1,421      
IMPROV-645 ST. GEORGE 2015-07-01 32,986 11,871 SL 4.00 % 1,319      
IMPROVEMENTS - 764 HICKORY 2015-06-24 59,983 5,472 SL 4.00 % 1,824      
FURNITURE - 764 HICKORY 2015-07-25 8,290 2,960 SL 4.00 % 332      
APPLIANCES - 645 ST. GEORGE 2015-09-14 2,501 883 SL 4.00 % 100      
FURNITURE - 333 DODGE 2016-02-01 6,263 2,112 SL 4.00 % 251      
IMPROVEMENTS - 1233 8TH ST 2016-04-28 3,062 996 SL 4.00 % 122      
IMPROV - 213 ST. GEORGE 2015-11-03 7,165 2,487 SL 4.00 % 287      
IMPRO - 307 SHREWSBURY 2015-10-02 4,188 1,470 SL 4.00 % 168      
IMPROVEMENTS - 333 DODGE 2015-07-01 94,061 31,977 SL 4.00 % 3,762      
IMPROV - 400 SHREWSBURY 2015-07-01 49,923 17,307 SL 4.00 % 1,997      
IMPROVEMENTS - 520 DECKBAR 2016-02-10 25,689 8,481 SL 4.00 % 1,028      
IMPROV - 645 ST. GEORGE 2016-01-01 104,844 37,047 SL 4.00 % 4,194      
IMPROVEMENTS - 764 HICKORY 2015-07-25 28,369 10,120 SL 4.00 % 1,135      
GROUP HOME - 680 JEFF HTS 2015-06-30 335,089 120,636 SL 4.00 % 13,404      
FURNITURE - 645 ST. GEORGE 2016-07-11 4,207 1,344 SL 4.00 % 168      
FURNITURE - 680 JEFF HGTS 2015-04-30 29,141 9,133 SL 4.00 % 1,166      
IMPROV - 680 JEFF HGTS 2015-04-30 233,457 73,148 SL 4.00 % 9,338      
IMPROVEMENTS - 520 DECKBAR 2019-02-26 58,085 12,389 SL 4.00 % 2,323      
IMPROV - 213 ST, GEORGE 2019-01-01 9,502 1,868 SL 4.00 % 380      
IMPROV - 307 SHREWSBURY 2019-11-11 4,000 747 SL 4.00 % 160      
IMPROV - 326 CENTRAL 2019-12-01 19,239 3,465 SL 4.00 % 770      
IMPROV - 400 SHREWSBURY 2019-12-01 5,502 1,082 SL 4.00 % 220      
IMPROV - 520 DECKBAR 2019-12-13 4,000 733 SL 4.00 % 160      
IMPROV - 645 ST GEORGE 2020-07-01 13,114 2,581 SL 4.00 % 525      
IMPROV-680 JEFF HEIGHTS 2022-10-19 11,749 655 SL 4.00 % 470      
2022 LARGE ITEM APPLIANCES 2022-07-28 13,246 3,627 SL 7.0000 1,892      

TY 2024 InvestmentsCorpStockSchedule
Name:
ANGEL WINGS FOUNDATION
EIN:
72-1191792
Software ID:
24020490
Software Version:
2024v5.2
Name of Stock End of Year Book Value End of Year Fair Market Value
STOCKS 3,304,926 3,304,926

TY 2024 LandEtcSchedule2
Name:
ANGEL WINGS FOUNDATION
EIN:
72-1191792
Software ID:
24020490
Software Version:
2024v5.2
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 85,054 33,812 51,242  
Buildings 1,883,867 1,312,196 571,671  
Improvements 1,363,072 834,373 528,699  
Land 250,830   250,830  


TY 2024 OtherExpensesSchedule
Name:
ANGEL WINGS FOUNDATION
EIN:
72-1191792
Software ID:
24020490
Software Version:
2024v5.2
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Flood Policy 1,154     1,154
Portfolio management fees 30,565 30,565    
Property Insurance 82,441     82,441
Repairs 66,880     66,880


TY 2024 OtherIncomeSchedule2
Name:
ANGEL WINGS FOUNDATION
EIN:
72-1191792
Software ID:
24020490
Software Version:
2024v5.2
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
RENTAL INCOME-INVESTMENT PROPE 235,200    


TY 2024 OtherIncreasesSchedule
Name:
ANGEL WINGS FOUNDATION
EIN:
72-1191792
Software ID:
24020490
Software Version:
2024v5.2
Description Amount
UNREALIZED GAINS 332,884


TY 2024 OtherLiabilitiesSchedule
Name:
ANGEL WINGS FOUNDATION
EIN:
72-1191792
Software ID:
24020490
Software Version:
2024v5.2
Description Beginning of Year - Book Value End of Year - Book Value
LINE OF CREDIT 665,741 571,637


TY 2024 TaxesSchedule
Name:
ANGEL WINGS FOUNDATION
EIN:
72-1191792
Software ID:
24020490
Software Version:
2024v5.2
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES 9,698