Civic Intelligence

Foundation for Advanced Philanthropy Inc

990 • Fiscal year 2021 • EIN 27-3308754

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileWWW.ADVANCEDPHILANTHROPY.COM
9763 Westpoint DriveIndianapolis, IN 46256

(317) 991-3322

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

99th percentile

96%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

33rd percentile

$250,000

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

83rd percentile

30%

Faster asset growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

78%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$95,466,152

Up $22,127,365 (+30%) from 2020

Net Assets

Up

$95,466,152

Up $22,127,365 (+30%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin99th percentile

Revenue

Up

$23,104,166

Up $10,104,172 (+78%) from 2020

Expenses

Up

$976,801

Up $325,485 (+50%) from 2020

Net Income

Up

$22,127,365

Up $9,778,687 (+79%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$150M$100M$50M$0Assets 2013: $702,573Liabilities 2013: $0Net Assets 2013: $702,5732013Assets 2014: $3,102,454Liabilities 2014: $0Net Assets 2014: $3,102,4542014Assets 2015: $17,362,428Liabilities 2015: $0Net Assets 2015: $17,362,4282015Assets 2017: $31,624,639Liabilities 2017: $0Net Assets 2017: $31,624,6392017Assets 2018: $42,590,851Liabilities 2018: $0Net Assets 2018: $42,590,8512018Assets 2019: $60,997,720Liabilities 2019: $0Net Assets 2019: $60,997,7202019Assets 2020: $73,338,787Liabilities 2020: $0Net Assets 2020: $73,338,7872020Assets 2021: $95,466,152Liabilities 2021: $0Net Assets 2021: $95,466,1522021Assets 2022: $117,993,330Liabilities 2022: $131,052Net Assets 2022: $117,862,2782022

Highlighted filing

2021

Assets$95,466,152
Liabilities$0
Net Assets$95,466,152
Open 2021 Filing

Operations Trend

Revenue Growth86th percentile

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

$40M$30M$20M$10M$0Revenue 2013: $450,005Expenses 2013: $43,939Net Income 2013: $406,0662013Revenue 2014: $2,401,008Expenses 2014: $1,127Net Income 2014: $2,399,8812014Revenue 2015: $14,800,866Expenses 2015: $540,892Net Income 2015: $14,259,9742015Revenue 2017: $9,218,668Expenses 2017: $203,008Net Income 2017: $9,015,6602017Revenue 2018: $11,446,065Expenses 2018: $479,853Net Income 2018: $10,966,2122018Revenue 2019: $19,314,038Expenses 2019: $907,169Net Income 2019: $18,406,8692019Revenue 2020: $12,999,994Expenses 2020: $651,316Net Income 2020: $12,348,6782020Revenue 2021: $23,104,166Expenses 2021: $976,801Net Income 2021: $22,127,3652021Revenue 2022: $30,434,971Expenses 2022: $10,211,032Net Income 2022: $20,223,9392022

Highlighted filing

2021

Revenue$23,104,166
Expenses$976,801
Net Income$22,127,365
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$23,104,166
Mission and Program Overview

Mission

The foundation for advanced philanthropy is dedicated to restoring and advancing donor involvement by the foundation networking with other foundations in need of funding aid and by increasing access, education and research opportunity nationally in order to better effect the lives of those in need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$70,253,321$93,853,913▲ $23,600,592
Savings and Temporary Cash Investments$2,301,278$849,571▼ $1,451,707
Investments in Publicly Traded Securities$700,321$700,592▲ $271
Cash and Non-Interest-Bearing Accounts$83,867$62,076▼ $21,791
Total Assets$73,338,787$95,466,152▲ $22,127,365
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$73,338,787$95,466,152▲ $22,127,365
Total Net Assets Fund Balance$73,338,787$95,466,152▲ $22,127,365
Total Liabilities and Net Assets / Fund Balance$73,338,787$95,466,152▲ $22,127,365

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$5,875,897--
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jason L CraceCEO/directorPT$250,000$250,000

Board Members and Trustees

NameTitle
Barry D SilbermannBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$22,330,496
Program Service Revenue
$386,000
Investment Income
$387,670
Other Revenue
$0
All Other Contributions
$22,330,496
Change in Net Assets
$22,127,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$601,235
Salaries, Compensation, and Employee Benefits$250,000
Other Expenses$125,566
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$601,235--$601,235
Current Officers, Directors, Trustees, and Key Employees$250,000--$250,000
Fees for Services Legal$110,600--$110,600
Office Expenses$7,939--$7,939
Travel$5,730--$5,730
Fees for Services Accounting$1,297--$1,297
Total Functional Expenses$976,801$0$0$976,801
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Various 501(c)(3) Orgs-(c)(3)-$601,235
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 was thoroughly reviewed by each board member, having ample time to make inquiries as to their questions or concerns with regard to the form. A unanimous vote was taken to approve and file the form 990 in question.”

Form 990, Page 6, Part VI, Line 19

“All ogverning documents, exempt application and annual tax forms are avaialble for copy or inspection upon receipt of a resonable request.”

Filing and Contact Details

Filer

Filer Name
Foundation for Advanced
EIN
27-3308754
Phone
3179913322
Address
9763 WESTPOINT DRIVE, INDIANAPOLIS, IN 46256

Signing Officer

Name
Jason L Crace
Title
CEO/director
Phone
3179913322
Signed
2022-11-14

Organization Details

Principal Officer
Jason L Crace
Formed
2010
Legal Domicile
In
Voting Board Members
2
Independent Board Members
2
Employees
0
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The foundation for advanced philanthropy is dedicated to restoring and advancing donor involvement by the foundation networking with other foundations in need of funding aid and by increasing access, education and research opportunity nationally in order to better effect the lives of those in need.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOR ADVANCED PHILANTHROPY IS DEDICATED TO RESTORING AND ADVANCING DONOR INVOLVEMENT BY THE FOUNDATION NETWORKING WITH OTHER FOUNDATIONS IN NEED OF FUNDING AID AND BY INCREASING ACCESS, EDUCATION AND RESEARCH OPPORTUNITY NATIONALLY IN ORDER TO BETTER EFFECT THE LIVES OF THOSE IN NEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS THOROUGHLY REVIEWED BY EACH BOARD MEMBER, HAVING AMPLE TIME TO MAKE INQUIRIES AS TO THEIR QUESTIONS OR CONCERNS WITH REGARD TO THE FORM. A UNANIMOUS VOTE WAS TAKEN TO APPROVE AND FILE THE FORM 990 IN QUESTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OGVERNING DOCUMENTS, EXEMPT APPLICATION AND ANNUAL TAX FORMS ARE AVAIALBLE FOR COPY OR INSPECTION UPON RECEIPT OF A RESONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalProgramServiceExpensesAmt0976801
IRS990/TotalProgramServiceRevenueAmt0386000
IRS990/TotalReportableCompFromOrgAmt0250000
IRS990/TotalRevenueGrp/ExclusionAmt0773670
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt023104166
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt073338787
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt095466152
IRS990/TravelGrp/ProgramServicesAmt05730
IRS990/TravelGrp/TotalAmt05730
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09763 WESTPOINT DRIVE
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046256
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.ADVANCEDPHILANTHROPY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON L CRACE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03179913322
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR ADVANCED
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PHILANTHROPY INC
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0273308754
ReturnHeader/Filer/PhoneNum03179913322
ReturnHeader/Filer/USAddress/AddressLine1Txt09763 WESTPOINT DRIVE
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046256
ReturnHeader/ReturnTs02022-11-14T09:57:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JASON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CRACE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$95,466,152
Liabilities
$0
Net assets
$95,466,152
Revenue
$23,104,166
Expenses
$976,801
Net income
$22,127,365
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$0.13$118$30.4$10.2$20.2
2021Detailed filing. Detailed filing data is available for this year.$95.5$0.00$95.5$23.1$0.98$22.1
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.3$0.00$73.3$13.0$0.65$12.3
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$61.0$0.00$61.0$19.3$0.91$18.4
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.6$0.00$42.6$11.4$0.48$11.0
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.6$0.00$31.6$9.22$0.20$9.02
2015Detailed filing. Detailed filing data is available for this year.$17.4$0.00$17.4$14.8$0.54$14.3
2014Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$2.40$0.00$2.40
2013Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.45$0.04$0.41