Civic Intelligence

Advancement Foundation

990 • Fiscal year 2019 • EIN 20-5922663

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

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

94th percentile

0.90x

Higher debt load relative to assets than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

0.71x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

37th percentile

-1.3%

Higher net margin than 37% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

90th percentile

$42,313

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

43rd percentile

-0.4%

Faster asset growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

49%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$329,020

Down $1,368 (-0.4%) from 2018

Net Assets

Down

$32,109

Down $5,493 (-15%) from 2018

Liabilities

Up

$296,911

Up $4,125 (+1.4%) from 2018

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin37th percentile

Revenue

Up

$416,459

Up $137,611 (+49%) from 2018

Expenses

Up

$421,952

Up $126,541 (+43%) from 2018

Net Income

Up

-$5,493

Up $11,070 (+67%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2019

Assets$329,020
Liabilities$296,911
Net Assets$32,109
Open 2019 Filing

Operations Trend

Revenue Growth85th 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

2019

Revenue$416,459
Expenses$421,952
Net Income-$5,493
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$428,865
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$244,289$234,559▼ $9,730
Accounts Receivable$24,599$40,060▲ $15,461
Cash and Non-Interest-Bearing Accounts$25,286$32,755▲ $7,469
Other Notes and Loans Receivable, Net$36,214$21,646▼ $14,568
Total Assets$330,388$329,020▼ $1,368
Liabilities
Mortgage Notes Payable Secured by Investment Property$213,030$208,103▼ $4,927
Grants Payable$71,508$71,678▲ $170
Accounts Payable and Accrued Expenses$1,519$12,778▲ $11,259
Other Liabilities$6,729$4,352▼ $2,377
Total Liabilities$292,786$296,911▲ $4,125
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,614$16,121▼ $5,493
Net Assets With Donor Restrictions$15,988$15,988→ $0
Total Net Assets Fund Balance$37,602$32,109▼ $5,493
Total Liabilities and Net Assets / Fund Balance$330,388$329,020▼ $1,368

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$230,259$60,103-
Land$4,300--
Equipment-$12,377-
Leasehold Improvements-$3,705-
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Annette PattersonPresidentFT$42,313$42,313
Judy WoodSecretaryFT$35,500$35,500

Board Members and Trustees

NameTitle
Becky FreemalChair
Ann HanesDirector
Jon McCoyDirector
Marcia MajorDirector
Patrick PattersonDirector
Elaine MilkoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$227,270
Program Service Revenue
$151,272
Investment Income
$0
Other Revenue
$37,917
All Other Contributions
$53,039
Change in Net Assets
$-5,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$223,861
Other Expenses$198,091
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,180$92,960-$130,140
Other Expenses-$81,391-$81,391
Current Officers, Directors, Trustees, and Key Employees-$77,813-$77,813
Fees for Services Other$34,074$16,268-$50,342
Payroll Taxes$2,845$13,063-$15,908
Office Expenses$11,233$3,732-$14,965
Interest$10,856$19-$10,875
Occupancy$4,388$5,489-$9,877
Fees for Services Accounting$476$8,503-$8,979
Depreciation Depletion-$7,822-$7,822
Travel$4,088$2,218-$6,306
Advertising$3,826$210-$4,036
Insurance-$3,498-$3,498
Total Functional Expenses$108,966$312,986$0$421,952
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$465
Sales tax payable$205
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
2020-11-16
Discuss with paid preparer
No

Organization Details

Formed
2007
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
5
Employees
0
Volunteers
300

Preparer

Firm
T Creasy & Company Pllc
Address
506 MARQUISE DRIVE, FINCASTLE, VA 24090
Preparer
Todd C Creasy CPA
Phone
5406275956
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Outside contractor services used for various aspects of organization from accounting, grant writing and AmeriCorps workers.”

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Sales tax payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Security deposits
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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/ExplanationTxt6Outside contractor services used for various aspects of organization from accounting, grant writing and AmeriCorps workers.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Annette Patterson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05402837062
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
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
ReturnHeader/Filer/USAddress/ZIPCd024179
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-11-16
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.210.101.125
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTm014:48:41
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0T CREASY & COMPANY PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0506 MARQUISE DRIVE

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$329,020
Liabilities
$296,911
Net assets
$32,109
Revenue
$416,459
Expenses
$421,952
Net income
-$5,493
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
2019Detailed filing. Detailed filing data is available for this year.$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
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
Peer Organizations

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