The Advance Project is located in Gaithersburg, MD. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advance Project is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Advance Project generated $183.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $135.3k during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDING HIGHER EDUCATION OPPORTUNITIES TO UNDERPRIVILEGED STUDENTS IN PANAMA WHILE BUILDING DEEP RELATIONSHIPS, PROVIDING MENTORSHIP, AND EQUIPPING THEM WITH LEADERSHIP TRAINING SO THAT STUDENTS CAN EXCEED IN ALL AREAS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Graham Davis President | 40 | $27,840 | |
Nicole Davis Vice President | 40 | $27,840 | |
Carly Nelson Director | 0.5 | $0 | |
Chris Joyner Director | 0.5 | $0 | |
Daniel Taylor Treasurer | 0.5 | $0 | |
Chad Nelson Secretary | 0.5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $183,293 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $183,293 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $55,680 |
Professional fees and other payments to independent contractors | $3,835 |
Occupancy, rent, utilities, and maintenance | $17,342 |
Printing, publications, postage, and shipping | $237 |
Other expenses | $58,171 |
Total expenses | $135,265 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $73,094 |
Other assets | $0 |
Total assets | $114,982 |
Total liabilities | $4,247 |
Net assets or fund balances | $110,735 |
Over the last fiscal year, we have identified 1 grants that The Advance Project has recieved totaling $7,565.
Awarding Organization | Amount |
---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $7,565 |
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