Civic Intelligence

Advancement Foundation

990 • Fiscal year 2017 • EIN 20-5922663

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization Profilewww.theadvancementfoundation.org
227 S Pollard StVinton, VA 24179

(540) 283-7062

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.84x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

0.52x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

56th percentile

5.8%

Higher net margin than 56% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

77th percentile

19%

Faster asset growth than 77% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

74th percentile

23%

Faster revenue growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$328,431

Up $52,757 (+19%) from 2016

Net Assets

Up

$54,165

Up $30,254 (+127%) from 2016

Liabilities

Up

$274,266

Up $22,503 (+8.9%) from 2016

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin56th percentile

Revenue

Up

$523,333

Up $98,185 (+23%) from 2016

Expenses

Up

$493,079

Up $81,865 (+20%) from 2016

Net Income

Up

$30,254

Up $16,320 (+117%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $24,958Liabilities 2010: $3,486Net Assets 2010: $21,4722010Assets 2011: $304,635Liabilities 2011: $277,584Net Assets 2011: $27,0512011Assets 2012: $299,894Liabilities 2012: $268,298Net Assets 2012: $31,5962012Assets 2013: $283,450Liabilities 2013: $236,039Net Assets 2013: $47,4112013Assets 2014: $283,622Liabilities 2014: $238,328Net Assets 2014: $45,2942014Assets 2015: $277,928Liabilities 2015: $252,479Net Assets 2015: $25,4492015Assets 2016: $275,674Liabilities 2016: $251,763Net Assets 2016: $23,9112016Assets 2017: $328,431Liabilities 2017: $274,266Net Assets 2017: $54,1652017Assets 2018: $330,388Liabilities 2018: $292,786Net Assets 2018: $37,6022018Assets 2019: $329,020Liabilities 2019: $296,911Net Assets 2019: $32,1092019Assets 2020: $425,478Liabilities 2020: $388,510Net Assets 2020: $36,9682020Assets 2021: $1,057,981Liabilities 2021: $326,727Net Assets 2021: $731,2542021Assets 2022: $1,106,815Liabilities 2022: $874,414Net Assets 2022: $232,4012022Assets 2023: $1,595,034Liabilities 2023: $997,000Net Assets 2023: $598,0342023Assets 2024: $2,195,647Liabilities 2024: $1,103,377Net Assets 2024: $1,092,2702024

Highlighted filing

2017

Assets$328,431
Liabilities$274,266
Net Assets$54,165
Open 2017 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $95,364Expenses 2010: $80,953Net Income 2010: $14,4112010Revenue 2011: $162,973Expenses 2011: $154,290Net Income 2011: $8,6832011Expenses 2012: $200,2892012Revenue 2013: $195,185Expenses 2013: $175,541Net Income 2013: $19,6442013Revenue 2014: $182,646Expenses 2014: $126,966Net Income 2014: $55,6802014Revenue 2015: $315,891Expenses 2015: $340,395Net Income 2015: -$24,5042015Revenue 2016: $425,148Expenses 2016: $411,214Net Income 2016: $13,9342016Revenue 2017: $523,333Expenses 2017: $493,079Net Income 2017: $30,2542017Revenue 2018: $278,848Expenses 2018: $295,411Net Income 2018: -$16,5632018Revenue 2019: $416,459Expenses 2019: $421,952Net Income 2019: -$5,4932019Revenue 2020: $471,089Expenses 2020: $466,230Net Income 2020: $4,8592020Revenue 2021: $1,205,935Expenses 2021: $517,037Net Income 2021: $688,8982021Revenue 2022: $830,577Expenses 2022: $846,394Net Income 2022: -$15,8172022Revenue 2023: $1,045,792Expenses 2023: $654,585Net Income 2023: $391,2072023Revenue 2024: $1,135,831Expenses 2024: $641,595Net Income 2024: $494,2362024

Highlighted filing

2017

Revenue$523,333
Expenses$493,079
Net Income$30,254
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$580,281
Mission and Program Overview

Mission

The Advancement Foundation empowers citizens through personal, community and financial assset development

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$251,309$252,553▲ $1,244
Cash and Non-Interest-Bearing Accounts$29,064$37,743▲ $8,679
Other Notes and Loans Receivable, Net-$26,166-
Accounts Receivable$-4,699$6,969▲ $11,668
Total Assets$275,674$328,431▲ $52,757
Other Assets Total-$5,000-
Liabilities
Mortgage Notes Payable Secured by Investment Property$232,690$217,972▼ $14,718
Grants Payable-$42,369-
Other Liabilities$5,867$14,055▲ $8,188
Accounts Payable and Accrued Expenses$13,206$-130▼ $13,336
Total Liabilities$251,763$274,266▲ $22,503
Net Assets / Fund Balance
Unrestricted Net Assets$23,911$38,177▲ $14,266
Temporarily Rstr Net Assets-$15,988-
Total Net Assets Fund Balance$23,911$54,165▲ $30,254
Total Liabilities and Net Assets / Fund Balance$275,674$328,431▲ $52,757

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$229,358$45,523-
Land$4,300--
Equipment$847$11,530-
Leasehold Improvements$18,048$1,138-
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Annette PattersonPresident
Anne HanesDirector
Becky FreemalDirector
Elaine MilkoDirector
Johnny MillerDirector
Tim GreenwayDirector
Judy WoodSecretary
Patrick PattersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$184,310
Program Service Revenue
$335,143
Investment Income
$0
Other Revenue
$3,880
All Other Contributions
$57,766
Change in Net Assets
$30,254
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$322,713
Other Expenses$170,366
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$179,707--$179,707
Current Officers, Directors, Trustees, and Key Employees$116,299--$116,299
Other Expenses$32,068$51,339-$83,407
Occupancy$5,916$37,286-$43,202
Payroll Taxes$25,657--$25,657
Office Expenses$7,757$9,547-$17,304
Depreciation Depletion-$8,533-$8,533
Travel$5,570--$5,570
Fees for Services Accounting-$4,760-$4,760
Insurance-$4,407-$4,407
Advertising$2,546$637-$3,183
Other Employee Benefits$1,050--$1,050
Total Functional Expenses$376,570$116,509$0$493,079
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$8,479
Designated Donations, Payroll Liabilities, Credit Cards, Security Deposits$3,537
Payroll$1,932
Credit Cards$107
Sales Tax Payable-
Security Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section 2, Line 2

“President is daughter of Charity Cottage Manager”

Filing and Contact Details

Filer

Filer Name
The Advancement Foundation Inc
EIN
20-5922663
Phone
5402837062
Address
227 S Pollard St, Vinton, VA 24179

Signing Officer

Name
Annette Patterson President
Title
111517
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annette Patterson
Formed
2007
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
6
Employees
19
Volunteers
50

Preparer

Firm
Academy Tax and Accounting Service LLC
Address
PO Box 786, Hardy, VA 24101
Preparer
Ronald Smith
Phone
5404203007
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IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0364560
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0184310
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0180250
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0364560
IRS990ScheduleA/TotalSupportAmt0364560
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0229358
IRS990ScheduleD/BuildingsGrp/DepreciationAmt045523
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0274881
IRS990ScheduleD/EquipmentGrp/BookValueAmt0847
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011530
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt012377
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt04300
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04300
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt018048
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01138
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt019186
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08479
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2107
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31932
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Designated Donations, Payroll Liabilities, Credit Cards, Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Credit Cards
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Payroll
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Sales Tax Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5Security Deposits
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0252553
IRS990ScheduleD/TotalLiabilityAmt014055
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0President is daughter of Charity Cottage Manager
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section 2, Line 2
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt015988
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0275674
IRS990/TotalAssetsEOYAmt0328431
IRS990/TotalAssetsGrp/BOYAmt0275674
IRS990/TotalAssetsGrp/EOYAmt0328431
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0184310
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0116509
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0376570
IRS990/TotalFunctionalExpensesGrp/TotalAmt0493079
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0251763
IRS990/TotalLiabilitiesEOYAmt0274266
IRS990/TotalLiabilitiesGrp/BOYAmt0251763
IRS990/TotalLiabilitiesGrp/EOYAmt0274266
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt023911
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt054165
IRS990/TotalProgramServiceExpensesAmt0376570
IRS990/TotalProgramServiceRevenueAmt0335143
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0335143
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0523333
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0275674
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0328431
IRS990/TravelGrp/ProgramServicesAmt05570
IRS990/TravelGrp/TotalAmt05570
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt023911
IRS990/UnrestrictedNetAssetsGrp/EOYAmt038177
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04224 Twin Mountain Circle
IRS990/USAddress/CityNm0Vinton
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024179
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Annette Patterson President
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0111517
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Advancement Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0ADVA
ReturnHeader/Filer/EIN0205922663
ReturnHeader/Filer/PhoneNum05402837062
ReturnHeader/Filer/USAddress/AddressLine1Txt0227 S Pollard St
ReturnHeader/Filer/USAddress/CityNm0Vinton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024179
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId013A7D13121665CBC13DD6EBA46209739A368F801
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId013A7D13121665CBC13DD6EBA46209739A368F801
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.6.36.107
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm011:59:50
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Academy Tax and Accounting Service LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 786
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hardy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd024101
ReturnHeader/PreparerPersonGrp/PhoneNum05404203007
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ronald Smith
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-14T10:23:40-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$328,431
Liabilities
$274,266
Net assets
$54,165
Revenue
$523,333
Expenses
$493,079
Net income
$30,254
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$1.10$1.09$1.14$0.64$0.49
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$1.00$0.60$1.05$0.65$0.39
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.87$0.23$0.83$0.85$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.33$0.73$1.21$0.52$0.69
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.39$0.04$0.47$0.47$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.30$0.03$0.42$0.42$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.29$0.04$0.28$0.30$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.27$0.05$0.52$0.49$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.25$0.02$0.43$0.41$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.28$0.25$0.03$0.32$0.34$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.28$0.24$0.05$0.18$0.13$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.28$0.24$0.05$0.20$0.18$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.27$0.03$0.20
2011Summary only. Only limited summary data is available for this year.$0.30$0.28$0.03$0.16$0.15$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.10$0.08$0.01