Institute For Advanced Learning And Research Foundation
- Assets
- $8.3m
- Revenue
- $774.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Danville, VA
- Founding
- 08/2007
- Data as of
- 06/2022
- EIN
- 20-5584089
Organization Overview
Institute For Advanced Learning And Research Foundation is located in Danville, VA. The organization was established in 2007. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, 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. Institute For Advanced Learning And Research Foundation 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 06/2022, Institute For Advanced Learning And Research Foundation generated $774.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $875.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE VOLUNTARY PRIVATE SUPPORT FROM FRIENDS, CORPORATIONS, FOUNDATIONS, AND OTHERS FOR THE BENEFIT OF THE INSTITUTE FOR ADVANCED LEARNING AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT, PROMOTE THE ADVANCEMENT OF, AND FURTHER THE AIMS AND PURPOSES OF THE INSTITUTE FOR ADVANCED LEARNING AND RESEARCH, A VIRGINIA GOVERNMENTAL ENTITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lott Rogers President | OfficerTrustee | 1 | $0 |
Kathyryn Roberts Vice President | OfficerTrustee | 1 | $0 |
Angie Anderson Treasurer | Officer | $0 | |
Pam Patterson Secretary | Officer | $0 | |
Roy Ford Director | Trustee | 1 | $0 |
Jessie Barksdale Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,090 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,090 |
| Total Program Service Revenue | $217,597 |
| Investment income | $50,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $108,024 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $774,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,560 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,800 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,248 |
| Travel | $1,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,252 |
| Insurance | $0 |
| All other expenses | $431,973 |
| Total functional expenses | $875,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $828,125 |
| Savings and temporary cash investments | $2,814,411 |
| Pledges and grants receivable | $216,852 |
| Accounts receivable, net | $93,992 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,738 |
| Net Land, buildings, and equipment | $4,336,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,291,517 |
| Accounts payable and accrued expenses | $7,450 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $199,434 |
| Total liabilities | $206,884 |
| Net assets without donor restrictions | $8,084,633 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,291,517 |
Grants Awarded
Over the last fiscal year, Institute For Advanced Learning And Research Foundation has awarded $260,622 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Martinsville, VA PURPOSE: EQUIPMENT DONATION | $249,646 |
IALR PURPOSE: CAREER EXPO AND 3-D PRINTER CAMP | $10,976 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Institute For Advanced Learning And Research Foundation has recieved totaling $10,390,530.
| Awarding Organization | Amount |
|---|---|
Danville Regional Foundation Danville, VA PURPOSE: REACH PARTNERSHIP | $5,750,620 |
Danville Regional Foundation Danville, VA PURPOSE: INDUSTRY 4.0 INTEGRATION INITIATIVE | $1,748,992 |
Danville Regional Foundation Danville, VA PURPOSE: CMA FACILITY | $1,000,000 |
Danville Regional Foundation Danville, VA PURPOSE: REACH PARTNERSHIP | $631,299 |
Danville Regional Foundation Danville, VA PURPOSE: AMERICORPS 2022-2025 | $462,230 |
Danville Regional Foundation Danville, VA PURPOSE: DAN RIVER REGION COLLABORATIVE | $298,265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rappahannock Goodwill Stores And Services Inc Fredericksburg, VA | $8,437,533 | $30,240,862 |
American Medical Group Association Inc Alexandria, VA | $19,689,445 | $10,462,815 |
National Association Of Counties Research Foundation Washington, DC | $4,701,784 | $7,841,848 |
Disability In Alexandria, VA | $11,237,053 | $8,690,736 |
American Exploration & Production Council Inc Washington, DC | $3,854,447 | $3,454,624 |
Wake Forest Innovation Quarter Management Co Winstonsalem, NC | $76,176 | $0 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
Umb Health Sciences Research Park Corporation Baltimore, MD | $16,268,947 | $1,917,755 |
Appalachian Community Capital Corporation Christiansburg, VA | $27,470,921 | $2,186,125 |
Business Council Washington, DC | $16,313,197 | $5,445,513 |
Responsible Business Alliance Foundation Alexandria, VA | $1,775,206 | $1,733,955 |
Massanetta Springs Inc Harrisonburg, VA | $9,619,068 | $2,786,663 |