The Advancement Foundation Inc

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

EIN: 205922663 ✦ Vinton, VA ✦ Designated as a 501(c)(3)

Overview

What is The Advancement Foundation Inc?

The Advancement Foundation Inc, situated in Vinton, Virginia, serves as a nonprofit organization with a mission to empower its community. By focusing on capacity building and investment, they particularly support the growth of small businesses. The foundation's work extends beyond economic development, as they are committed to enhancing the personal and community assets of their citizens. Their aim is to foster a sense of empowerment among individuals, contributing positively to their overall well-being.


Is The Advancement Foundation Inc legitimate?

The Advancement Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Advancement Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $78,123
Professional Fundraising Fees: $0
Other Salaries and Wages: $149,623

For more financial information, click here


What is the mission statement of The Advancement Foundation Inc?
Who is the CEO of The Advancement Foundation Inc?
What is the revenue of The Advancement Foundation Inc?
Who are the executives of The Advancement Foundation Inc and what are their salaries?
Where can I find the form 990 for The Advancement Foundation Inc?

Mission Statement of The Advancement Foundation Inc

The Advancement Foundation, as an organization, is dedicated to empowering citizens on a personal, communal, and financial level. Their mission revolves around fostering the growth and development of individuals, communities, and small businesses through asset acquisition and investment. By focusing on these areas, The Advancement Foundation aims to enhance the overall well-being and capabilities of the citizens it serves.

Impact

This information is meant to be a general summary of The Advancement Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Advancement Foundation Inc empowers citizens through personal, community, and financial asset development. Their capacity programs encourage the growth and investment of small businesses, leading to tangible improvements in community well-being and economic prosperity. Operating in Vinton, VA, their work is focused on empowering individuals and businesses to reach their full potential, ultimately contributing to the overall improvement of the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $0
  • Program Service Revenue: $25,629
  • Gross Receipts: $950,211

    • Assets and Liabilities:
  • Total Assets: $1,106,815
  • Total Liabilities: $874,414
  • Net Assets: $232,401
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Gauntlet

    Revenue

    $22,872

    Other Services

    Revenue

    $2,757

    Organization Details

    Founding Year

    2007

    Principal Officer

    Annette Patterson

    Main Address

    227 S Pollard Street, Vinton, VA, 24179

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of The Advancement Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.