The Advance Project
- Assets
- $80.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 81-0942834
Organization Overview
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 12/2022, Advance Project generated $168.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $197.2k during the year ending 12/2022. 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carly Nelson Director | 0.5 | $0 | |
Chris Joyner Director | 0.5 | $0 | |
Graham Davis President | 40 | $99,536 | |
Nicole Davis Vice President | 40 | $0 | |
Daniel Taylor Treasurer | 0.5 | $0 | |
Chad Nelson Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,454 |
| 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 | $168,454 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $99,536 |
| Professional fees and other payments to independent contractors | $3,405 |
| Occupancy, rent, utilities, and maintenance | $24,658 |
| Printing, publications, postage, and shipping | $112 |
| Other expenses | $69,513 |
| Total expenses | $197,224 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,144 |
| Other assets | $0 |
| Total assets | $80,222 |
| Total liabilities | $2,496 |
| Net assets or fund balances | $77,726 |