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EIN 20-5922663

The Advancement Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Vinton
State
Virginia
Year formed
2007
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
The Advancement Foundation empowers citizens by developing their personal, community and financial assets. Over 122 entrepreneurs from four counties and seven cities participate in their annual Guantlet program and competition, which involves over 200 mentors and community leaders. They have awarded more than $250,000 in cash and in-kind prizes. Additionally, they offer other capacity programs that encourage the growth and investment of small businesses.
Total revenues
$830,577
2022
Total expenses
$846,394
2022
Total assets
$1,106,815
2022
Num. employees
0
2022

Program areas at The Advancement Foundation

Other capcity programs encouraging the growth and investment of small business.
Over 122 entrepreneurs from four counties and seven cities participated in the annual Guantlet program and competition. This program has over 200 mentors and community leaders participating with over $250,000 in awarded cash and in-kind prizes.

Who funds The Advancement Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mountain Gateway Community College Educational FoundationWorkforce Developmen$83,000
Alleghany FoundationProduct Discovery, Development & Scale Initiative$13,848
Alleghany FoundationProduct Discovery, Development & Scale Initiative$13,848
...and 2 more grants received

Personnel at The Advancement Foundation

NameTitleCompensation
Kathy deaconVice President of Business and Resource Development
Annette PattersonPresident$65,000
Missy PaxtonDirector of Operations
Patrick PattersonDirector$0
Marcia MajorTreasurer$0
...and 4 more key personnel

Financials for The Advancement Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$826,289
Program services$25,629
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-21,341
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$830,577

Form 990s for The Advancement Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-16990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-02990View PDF
2018-122020-02-14990View PDF
...and 8 more Form 990s
Data update history
December 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 28, 2023
Updated personnel
Identified 2 new personnel
November 25, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from Mcleod Family Foundation
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingTax deductible donationsNo full-time employees
General information
Address
227 S Pollard St
Vinton, VA 24179
Metro area
Roanoke, VA
County
Roanoke County, VA
Website URL
theadvancementfoundation.org/ 
Phone
(540) 283-7062
IRS details
EIN
20-5922663
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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