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Organizations The Advancement Foundation Inc.

The Advancement Foundation Inc.

Fiscal year ending 2022. Filed on October 16, 2023.

227 S Pollard Street
Vinton, Virginia 24179

The Advancement Foundation Inc. (EIN: 20-5922663) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, The Advancement Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $39,061. The highest compensated employee at The Advancement Foundation Inc. is Annette Patterson with fiscal year 2022 compensation of $65,000.

Revenue, expenses, and employee compensation

Revenue

$830,577

Expenses

$846,394

Employee compensation

$245,058
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Annette Patterson
President
$65,000
$65,000 No related compNo other comp
Judy Wood
Secretary
$13,121
$13,121 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Becky Freemal
Chair
Jon McCoy
Director
Marcia Major
Treasurer
Patrick Patterson
Director

Mission Statement

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.

Revisions to this organization profile

November 17, 2025:
2024 The Advancement Foundation Inc. 990 filed
November 14, 2024:
2023 The Advancement Foundation Inc. 990 filed
October 16, 2023:
2022 The Advancement Foundation Inc. 990 filed

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