Civic Intelligence

Foundation for Advanced Philanthropy Inc

990 • Fiscal year 2020 • EIN 27-3308754

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

3rd percentile

0.00x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

99th percentile

95%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

78th percentile

20%

Faster asset growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-33%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$73,338,787

Up $12,341,067 (+20%) from 2019

Net Assets

Up

$73,338,787

Up $12,341,067 (+20%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin99th percentile

Revenue

Down

$12,999,994

Down $6,314,044 (-33%) from 2019

Expenses

Down

$651,316

Down $255,853 (-28%) from 2019

Net Income

Down

$12,348,678

Down $6,058,191 (-33%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2020

Assets$73,338,787
Liabilities$0
Net Assets$73,338,787
Open 2020 Filing

Operations Trend

Revenue Growth10th 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

2020

Revenue$12,999,994
Expenses$651,316
Net Income$12,348,678
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$12,999,994
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$57,853,380$70,253,321▲ $12,399,941
Savings and Temporary Cash Investments$1,102,205$2,301,278▲ $1,199,073
Investments in Publicly Traded Securities$700,321$700,321→ $0
Cash and Non-Interest-Bearing Accounts$1,341,814$83,867▼ $1,257,947
Total Assets$60,997,720$73,338,787▲ $12,341,067
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$60,997,720$73,338,787▲ $12,341,067
Total Net Assets Fund Balance$60,997,720$73,338,787▲ $12,341,067
Total Liabilities and Net Assets / Fund Balance$60,997,720$73,338,787▲ $12,341,067

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$5,778,878--
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Barry D SilbermannBoard Member
Jason L CraceCEO/director
Revenue and Support

Revenue Composition

Contributions and Grants
$11,752,725
Program Service Revenue
$1,059,000
Investment Income
$188,269
Other Revenue
$0
All Other Contributions
$11,752,725
Change in Net Assets
$12,348,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$465,924
Grants and Similar Amounts Paid$185,392
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$350,452--$350,452
Grants to Domestic Orgs$185,392--$185,392
Fees for Services Accounting$112,051--$112,051
Office Expenses$2,254--$2,254
Travel$1,167--$1,167
Total Functional Expenses$651,316$0$0$651,316
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Various 501(c)(3) Orgs-(c)(3)-$185,392
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
2021-11-12

Organization Details

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

Preparer

Firm
Crace Beam Cpas LLC
Address
9763 WESTPOINT DRIVE, INDIANAPOLIS, IN 46256
Preparer
Savilla K Smith CPA
Phone
3179913322
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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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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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/PreparerFirmGrp/PreparerFirmEIN0262182951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CRACE BEAM CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09763 WESTPOINT DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046256
ReturnHeader/PreparerPersonGrp/PhoneNum03179913322
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAVILLA K SMITH CPA
ReturnHeader/ReturnTs02022-06-28T12:56:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JASON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CRACE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

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

Open filing
Assets
$73,338,787
Liabilities
$0
Net assets
$73,338,787
Revenue
$12,999,994
Expenses
$651,316
Net income
$12,348,678
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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$95.5$0.00$95.5$23.1$0.98$22.1
2020Detailed filing. Detailed filing data is available for this year.$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