Civic Intelligence

Advancement Foundation

990 • Fiscal year 2018 • EIN 20-5922663

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 21, 2019

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

(540) 283-0762

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.89x

Higher debt load relative to assets than 93% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

1.05x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

29th percentile

-5.9%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

91st percentile

$45,354

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

48th percentile

0.6%

Faster asset growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

11th percentile

-47%

Faster revenue growth than 11% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$330,388

Up $1,957 (+0.6%) from 2017

Net Assets

Down

$37,602

Down $16,563 (-31%) from 2017

Liabilities

Up

$292,786

Up $18,520 (+6.8%) from 2017

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin29th percentile

Revenue

Down

$278,848

Down $244,485 (-47%) from 2017

Expenses

Down

$295,411

Down $197,668 (-40%) from 2017

Net Income

Down

-$16,563

Down $46,817 (-155%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2018

Assets$330,388
Liabilities$292,786
Net Assets$37,602
Open 2018 Filing

Operations Trend

Revenue Growth11th 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

2018

Revenue$278,848
Expenses$295,411
Net Income-$16,563
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 21, 2019
Return Version
2018v3.1
Gross Receipts
$287,920
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$252,553$244,289▼ $8,264
Other Notes and Loans Receivable, Net$26,166$36,214▲ $10,048
Cash and Non-Interest-Bearing Accounts$37,743$25,286▼ $12,457
Accounts Receivable$6,969$24,599▲ $17,630
Total Assets$328,431$330,388▲ $1,957
Other Assets Total$5,000--
Liabilities
Mortgage Notes Payable Secured by Investment Property$217,972$213,030▼ $4,942
Grants Payable$42,369$71,508▲ $29,139
Other Liabilities$14,055$6,729▼ $7,326
Accounts Payable and Accrued Expenses$-130$1,519▲ $1,649
Total Liabilities$274,266$292,786▲ $18,520
Net Assets / Fund Balance
Unrestricted Net Assets$38,177$21,614▼ $16,563
Temporarily Rstr Net Assets$15,988$15,988→ $0
Total Net Assets Fund Balance$54,165$37,602▼ $16,563
Total Liabilities and Net Assets / Fund Balance$328,431$330,388▲ $1,957

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$222,310$52,571-
Land$4,300--
Equipment$290$12,087-
Leasehold Improvements$17,389$1,797-
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Annette PattersonPresidentFT$45,354$45,354
Judy WoodSecretaryFT$40,500$40,500

Board Members and Trustees

NameTitle
Becky FreemalChair
Ann HanesDirector
Johnny MillerDirector
Marcia MajorDirector
Patrick PattersonDirector
Elaine MilkoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$93,159
Program Service Revenue
$130,387
Investment Income
$0
Other Revenue
$55,302
All Other Contributions
$52,485
Change in Net Assets
$-16,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$166,767
Other Expenses$128,644
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$85,854--$85,854
Other Salaries and Wages$68,986--$68,986
Other Expenses$4,528$35,542-$40,070
Occupancy$9,335$25,255-$34,590
Fees for Services Other$6,340$13,002-$19,342
Payroll Taxes$11,927--$11,927
Office Expenses$4,880$3,431-$8,311
Depreciation Depletion-$8,264-$8,264
Travel$6,429--$6,429
Fees for Services Accounting-$5,975-$5,975
Insurance-$4,138-$4,138
Advertising$1,131$394-$1,525
Total Functional Expenses$199,410$96,001$0$295,411
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
Security deposits$3,682
Payroll liabilities$2,842
Sales tax payable$205
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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

Officer directors etc family relationship Part VI line 2

“Presidents husband also sits on the board of directors for The Advancement Foundation.”

Form 990 governing body review Part VI line 11

“Governing body has opportunity to review Form 990 prior to submitting return.”

Conflict of interest policy compliance Part VI line 12C

“Conflict of interest policy is on hand and is provided to all potential and existing board members every year.”

CEO executive director top management comp Part VI line 15A

“Compensation for top management officials are voted on by board of directors every year.”

Other officer or key employee compensation Part VI line 15B

“Compensation of employees other than top management officials are determined by management.”

Governing documents etc available to public Part VI line 19

“Governing documents are available to general public upon request.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Annette Patterson
Title
President
Phone
5402837062
Signed
2019-10-21
Discuss with paid preparer
No

Organization Details

Formed
2007
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
5
Employees
0
Volunteers
50

Preparer

Firm
T Creasy & Company PLLC
Address
506 Marquise Dr, Fincastle, VA 24090
Preparer
Todd C Creasy CPA
Phone
5408152665
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0184310
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0180250
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0588106
IRS990ScheduleA/TotalSupportAmt0652480
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0222310
IRS990ScheduleD/BuildingsGrp/DepreciationAmt052571
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0274881
IRS990ScheduleD/EquipmentGrp/BookValueAmt0290
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012087
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04300
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23682
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Sales tax payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Security deposits
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Presidents husband also sits on the board of directors for The Advancement Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing body has opportunity to review Form 990 prior to submitting return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conflict of interest policy is on hand and is provided to all potential and existing board members every year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for top management officials are voted on by board of directors every year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation of employees other than top management officials are determined by management.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents are available to general public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Annette Patterson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05402837062
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Advancement Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0ADVA
ReturnHeader/Filer/EIN0205922663
ReturnHeader/Filer/USAddress/AddressLine1Txt0227 S Pollard Street
ReturnHeader/Filer/USAddress/CityNm0Vinton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$330,388
Liabilities
$292,786
Net assets
$37,602
Revenue
$278,848
Expenses
$295,411
Net income
-$16,563
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
2018Detailed filing. Detailed filing data is available for this year.$0.33$0.29$0.04$0.28$0.30$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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