Yancey Advancement Foundation Inc
- Assets
- $14.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Burnsville, NC
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 82-3438865
Organization Overview
Yancey Advancement Foundation Inc is located in Burnsville, NC. The organization was established in 2019. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yancey Advancement Foundation Inc 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 12/2023, Yancey Advancement Foundation Inc generated $30.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.6%) each year. All expenses for the organization totaled $34.8k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
THE YANCEY ADVANCEMENT FOUNDATION ADMINISTERED THE YANCEY COUNTY, NC COVID-19 RELIEF GRANT PROGRAM SUCCESSFULLY AWARDING GRANTS TO QUALIFYING NONPROFITS IN THE COMMUNITY PROVIDING HEALTH, SHELTER, FODD ASSISTANCE, AND BUSINESS RELIEF ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Ray Chair | 0 | $0 | |
Erica Deaton Treasurer | 0 | $0 | |
Schell Mccall Secretary | 0 | $0 | |
Heather Hockaday Member | 0 | $0 | |
Jill Austin Member | 0 | $0 | |
Jim Mcqueen Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,000 |
| 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 | $30,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,560 |
| Occupancy, rent, utilities, and maintenance | $30,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,271 |
| Total expenses | $34,831 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,798 |
| Other assets | $0 |
| Total assets | $14,823 |
| Total liabilities | $0 |
| Net assets or fund balances | $14,823 |