Public Charity

THE ADVANCEMENT FOUNDATION INC

Based in VINTON, VA, THE ADVANCEMENT FOUNDATION INC operates as a Public Charity. The organization reported $1.1M in revenue, $642K in expenses, $2.2M in total assets for fiscal year 2024. Imperigo tracks 6 reported grant relationships connected to this organization totaling approximately $323K.

EIN: 205922663 VINTON, VA Latest filing: 2024
Total Revenue$1.1M
Total Expenses$642K
Total Assets$2.2M
Grant Records6
Funding Total$323K
Filing Years2019–2024

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.

Officers & Directors

President Annette Patterson
Chairman Becky Freemal
Director Jennifer Eddy
Director Jon Mccoy
SECRETARY/TREAS Judy Wood
Director Katie Conner

Officer compensation and complete director data available with membership.

Top Grant Purposes

CHARITABLE DONATION
$130,000 3 grants
WORKFORCE DEVELOPMEN
$83,000 1 grant
RESEARCH
$75,000 1 grant
Charitable Donation
$34,750 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.1M $642K $2.2M
2023 $1.0M $655K $1.6M
2022 $831K $846K $1.1M
2020 $471K $466K $425K
2019 $416K $422K $329K

Between 2019 and 2024, reported annual revenue grew from $416K to $1.1M (+173%), with total assets most recently reported at $2.2M.

Interactive year-over-year charts and full filing details available with membership.

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