Advancement Corporation
- Assets
- $318.7k
- Revenue
- $402.7k
- Investments
- $0.0
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- Data as of
- 12/2022
- EIN
- 85-1824182
Organization Overview
Advancement Corporation is located in East Lansing, MI. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advancement Corporation 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 12/2022, Advancement Corporation generated $402.7k in total revenue. All expenses for the organization totaled $95.6k during the year ending 12/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING ASSISTANCE
HOUSING ASSISTANCE
EDUCATIONAL SERVICES
CONSTRUCTION IT AND AVIATION MECHANICS TRAINING
FOOD ASSISTANCE
WORKFORCE DEVELOPMENT TRAINING EQUIPMENT AND SUPPLIES
UTILITY ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Knox Jr President | 40 | $16,172 | |
Lashawn Erby Director | 0 | $5,000 | |
Patricia Mock Director | 0 | $0 | |
Terence Gipson Director | 0 | $0 | |
Melissa Patrick Director | 0 | $0 | |
Tanta Miles Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Agape Building And Restoration | 12/30/22 | $42,000 |
Floor Care Concepts | 12/30/22 | $30,000 |
Timothy Allen | 12/30/22 | $27,500 |
Making It Happen Construction | 12/30/22 | $18,575 |
A1 Mechanical | 12/30/22 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $379,475 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $402,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,176 |
| Other employee salaries and wages | $50,381 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,582 |
| Printing and publications | $20,458 |
| Other expenses | $0 |
| Total operating and administrative expenses | $95,597 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $95,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,771 |
| Savings and temporary cash investments | $12,884 |
| Net Accounts receivable | $19,604 |
| Net Pledges Receivable | $37,694 |
| Grants receivable | $187,500 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $39,282 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $318,735 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |