Yancey Advancement Foundation Inc
- Assets
- $26.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Burnsville, NC
- Founding
- 04/2019
- Data as of
- 12/2021
- 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 12/2021, Yancey Advancement Foundation Inc generated $11.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (65.5%) each year. All expenses for the organization totaled $19.8k during the year ending 12/2021. 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
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, FOOD ASSISTANCE, AND BUSINESS RELIEF ASSISTANCE.
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, FOOD ASSISTANCE, AND BUSINESS RELIEF ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie L Mcmahan Executive Director | 3 | $0 | |
Warren Bare Board Vice Chair | 1 | $0 | |
Jon Ray Board Chair | 1 | $0 | |
Erica Deaton Board Treasurer | 1 | $0 | |
Jill Austin Board Member | 1 | $0 | |
Jim Mcqueen Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $283 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $11,400 |
| Total Revenue | $11,683 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $19,763 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,593 |
| Other assets | $0 |
| Total assets | $26,593 |
| Total liabilities | $0 |
| Net assets or fund balances | $26,593 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Yancey Advancement Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
The Hedrick Family Foundation Inc Salisbury, NC PURPOSE: CHARITABLE USE | $1,000 |
The Hedrick Family Foundation Inc Salisbury, NC PURPOSE: CHARITABLE USE | $1,000 |
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Sandhills Community Action Program Inc Southern Pines, NC | $2,226,446 | $4,141,015 |
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Building Owners And Managers Association Of Georgia Inc Atlanta, GA | $6,158,868 | $2,015,601 |
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