Civic Intelligence

Advancement Foundation

990 • Fiscal year 2020 • EIN 20-5922663

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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

92nd percentile

0.91x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.82x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

40th percentile

1.0%

Higher net margin than 40% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

75th percentile

29%

Faster asset growth than 75% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$425,478

Up $96,458 (+29%) from 2019

Net Assets

Up

$36,968

Up $4,859 (+15%) from 2019

Liabilities

Up

$388,510

Up $91,599 (+31%) from 2019

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin40th percentile

Revenue

Up

$471,089

Up $54,630 (+13%) from 2019

Expenses

Up

$466,230

Up $44,278 (+10%) from 2019

Net Income

Up

$4,859

Up $10,352 (+188%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth75th 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

2020

Assets$425,478
Liabilities$388,510
Net Assets$36,968
Open 2020 Filing

Operations Trend

Revenue Growth69th 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

2020

Revenue$471,089
Expenses$466,230
Net Income$4,859
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$502,043
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$234,559$259,668▲ $25,109
Cash and Non-Interest-Bearing Accounts$32,755$81,187▲ $48,432
Accounts Receivable$40,060$48,086▲ $8,026
Other Notes and Loans Receivable, Net$21,646$36,537▲ $14,891
Total Assets$329,020$425,478▲ $96,458
Liabilities
Mortgage Notes Payable Secured by Investment Property$208,103$248,824▲ $40,721
Grants Payable$71,678$71,678→ $0
Other Liabilities$4,352$51,484▲ $47,132
Accounts Payable and Accrued Expenses$12,778$16,524▲ $3,746
Total Liabilities$296,911$388,510▲ $91,599
Net Assets / Fund Balance
Net Assets With Donor Restrictions$15,988$57,550▲ $41,562
Net Assets Without Donor Restrictions$16,121$-20,582▼ $36,703
Total Net Assets Fund Balance$32,109$36,968▲ $4,859
Total Liabilities and Net Assets / Fund Balance$329,020$425,478▲ $96,458

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$223,211$67,151$232,290
Equipment$-69$12,446$12,377
Land$4,300-$3,440
Leasehold Improvements$32,226$4,364-
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Becky FreemalChair
Annette PattersonPresident
Jon McCoyDirector
Patrick PattersonDirector
Judy WoodSecretary
Marcia MajorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$414,985
Program Service Revenue
$33,028
Investment Income
$0
Other Revenue
$23,076
All Other Contributions
$70,513
Change in Net Assets
$4,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$218,682
Other Expenses$147,711
Grants and Similar Amounts Paid$99,837
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$72,094$70,907-$143,001
Grants to Domestic Individuals$99,837--$99,837
Fees for Services Other$56,982$20,496-$77,478
Other Salaries and Wages$53,743$6,032-$59,775
Office Expenses$15,074$9,472-$24,546
Payroll Taxes$9,578$5,904-$15,482
Other Expenses$10,610$1,817-$12,427
Depreciation Depletion$2,069$5,707-$7,776
Occupancy$420$5,545-$5,965
Advertising$4,401$1,345-$5,746
Insurance-$4,759-$4,759
Fees for Services Accounting-$4,579-$4,579
Travel$1,473$1,097-$2,570
Information Technology$1,865--$1,865
Other Employee Benefits-$424-$424
Total Functional Expenses$328,146$138,084$0$466,230
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
PPP loan$44,973
Security deposits$3,682
Payroll liabilities$2,624
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
2021-11-15
Discuss with paid preparer
No

Organization Details

Formed
2007
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
4
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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt058072
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0232290
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-69
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012446
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012377
IRS990ScheduleD/LandGrp/BookValueAmt04300
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0860
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Sales tax payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Security deposits
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IRS990/ScheduleJRequiredInd0false
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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/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Annette Patterson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05402837062
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
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
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0833119019
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0T CREASY & COMPANY PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0506 MARQUISE DRIVE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$425,478
Liabilities
$388,510
Net assets
$36,968
Revenue
$471,089
Expenses
$466,230
Net income
$4,859
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
2020Detailed filing. Detailed filing data is available for this year.$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
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