NonprofitsAdvancement Foundation

Advancement Foundation

VINTON, VA

Total revenue

$1.1M

Total expenses

$642K

Net assets

$1.1M

Grants received

$632K

20 grants

EIN

205922663

Tax year

2024

Mission

To create opportunities that support economic prosperity and growth for citizens and communities accomplished through diverse educational options; leveraging local, federal and state resources; access to housing and business incubation/acceleration spaces; and investment in business and community development.

Programs

1 program

Finalizing renovations for a new business acceleration and incubation spaces, commercial kitchen, marketplace for small scale businesses

Expenses: $176K

Financials

FY 2024

Revenue

Contributions & grants$1.0M
Program service revenue$85K
Investment income$35K
Other revenue
Total revenue$1.1M

Expenses

Grants paid$149K
Salaries & benefits$195K
Fundraising$25K
Other expenses$298K
Total expenses$642K
Total assets$2.2M
Net assets$1.1M

People

9 listed

NameRoleCompensation

Annette Patterson

President

Board

$68K

60 hrs/wk

Judy Wood

SECRETARY/TREAS

Board

2 hrs/wk

Jon McCoy

Director

Board

2 hrs/wk

Becky Freemal

Chairman

Board

2 hrs/wk

Patrick Patterson

Director

Board

2 hrs/wk

Marcia Major

Treasurer

Board

2 hrs/wk

LINDA BAILEY

Director

Board

2 hrs/wk

KATIE CONNER

Director

Board

2 hrs/wk

JENNIFER EDDY

Director

Board

2 hrs/wk

Grants received

Showing 20 of 20

FromAmountPurposeYear
$10K
CHARITABLE CONTRIBUTION
2024
$60K
CHARITABLE DONATION
2023
$50K
support mission
2023
$46K
PRODUCT DISCOVERY, DEVELOPMENT & SCALE INITIATIVE
2023
$20K
SACRED HEART CATHOLIC SCHOOL CAPITAL FUND
2023
$10K
CHARITABLE CONTRIBUTION
2023
$83K
WORKFORCE DEVELOPMEN
2022
$50K
support mission
2022
$14K
PRODUCT DISCOVERY, DEVELOPMENT & SCALE INITIATIVE
2022
$14K
PRODUCT DISCOVERY, DEVELOPMENT & SCALE INITIATIVE
2022
$10K
CHARITABLE CONTRIBUTION
2022
$3K
THE ALLEGHANY HIGHLANDS GAUNTLET 2021
2022
$3K
THE ALLEGHANY HIGHLANDS GAUNTLET 2021
2022
$35K
CHARITABLE DONATION
2021
$60K
THE ALLEGHANY HIGHLANDS GAUNTLET - 2020
2020
$35K
CHARITABLE DONATION
2020
$5K
CHARITABLE CONTRIBUTION
2020
$35K
Charitable Donation
2019
$14K
For the benefit of the "Together in Christ Campaign" for St. Philip Apostle Parish.
2018

Funded by

$632K from 8 funders · 20 grants · 2018–2024

Charities Aid Foundation America

$165K · 4 grants · 2019–2023

Alleghany Foundation

$140K · 6 grants · 2020–2023

Bayer Family Foundation

$100K · 2 grants · 2022–2023

Mountain Gateway Community

$83K · 1 grant · 2022

Virginia Innovation Partnership

$75K · 1 grant · 2023

Mcleod Family Foundation Inc

$35K · 4 grants · 2020–2024

The Nowak Family Foundation Inc

$14K · 1 grant · 2018

Details

EIN205922663
Subsection03
Ruling date2007-11
Formed2007
Employees8
Volunteers100
ADVANCEMENT FOUNDATION — Mission, Financials & Grants Received | Grantivo