Virginia · Nonprofit
THE ADVANCEMENT FOUNDATION INC
THE ADVANCEMENT FOUNDATION INC (Virginia) receives grants from 6 organizations whose IRS filings report $641,206 to it, the largest being ALLEGHANY FOUNDATION ($178,375). 6 of them have funded it in more than one year.
- Revenue FY2024
- $1.1M
- Funders on record
- 6
- Grants received
- $641k
- Net assets
- $1.1M
What The Advancement Foundation Inc does
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.
As stated on its FY2024 Form 990.
Programs
Served 100 entrepereneurs connecting them with education, mentorship, resources and connection. Created and hosted trainings that served 30 communities and over 150 entrepreneurs and innovators.
$332,110 spentof which $148,722 as grants$20,877 earned by the program65% of program spendingFinalizing renovations for a new business acceleration and incubation spaces, commercial kitchen, marketplace for small scale businesses
$176,022 spent$64,067 earned by the program35% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $508,132.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $425k to $1.1M (+149%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 24% · 2018 15% · 2019 42% · 2020 73% · 2021 76% · 2022 76% · 2023 7% · 2024 72%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2020 → 2023: the base narrowed from 4 funders to 3 funders, grant income fell $100k → $56k.
2 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 26% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE ADVANCEMENT FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE ADVANCEMENT FOUNDATION INC leans on a few funders — its largest provides 28% of grant income and the top three 77%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
49% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE ADVANCEMENT FOUNDATION INC.
Largest funder’s share by year: 2020 60% · 2021 40% · 2022 57% · 2023 82% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of THE ADVANCEMENT FOUNDATION INC's grant income comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $165k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding THE ADVANCEMENT FOUNDATION INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $930k on record.
- Appalachian Regional Commission$700k
- Department of Agriculture$230k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE ADVANCEMENT FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
79% of spending goes to programs.
Governance
Public support
86%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for THE ADVANCEMENT FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE ADVANCEMENT FOUNDATION INC?
- THE ADVANCEMENT FOUNDATION INC (Virginia) receives grants from 6 organizations whose IRS filings report $641,206 to it, the largest being ALLEGHANY FOUNDATION ($178,375). 6 of them have funded it in more than one year.
- How many funders does THE ADVANCEMENT FOUNDATION INC have?
- IRS filings report 6 organizations giving $641,206 in grants to THE ADVANCEMENT FOUNDATION INC, 6 of which have funded it in more than one year.
- Who is the largest funder of THE ADVANCEMENT FOUNDATION INC?
- ALLEGHANY FOUNDATION is the largest funder on record, with $178,375 in grants. The full list of funders is on this page.
- How can an organization like THE ADVANCEMENT FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing