American Advancement
- Assets
- $1.9m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Hyattsville, MD
- Founding
- Data as of
- 12/2022
- EIN
- 82-4871132
Organization Overview
American Advancement is located in Hyattsville, MD. American Advancement is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, American Advancement generated $17.0m in total revenue. All expenses for the organization totaled $15.5m during the year ending 12/2022. While expenses have increased by 106.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, American Advancement has awarded 32 individual grants totaling $18,013,272. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE PUBLIC POLICIES AIMED AT REMOVING BARRIERS TO ECONOMIC GROWTH AND ADVANCING ECONOMIC OPPORTUNITY FOR THE AMERICAN PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTED PUBLIC ENGAGEMENT, DIRECTLY AND THROUGH GRANTMAKING ACTIVITIES, TO ADVANCE POLICIES THAT INCREASE ECONOMIC PROSPERITY, KEEP AMERICA SAFE, AND RECOGNIZE AMERICAN INNOVATION'S POSITIVE IMPACT ON SOCIETY
EDUCATE THE PUBLIC ABOUT THE SOCIETAL IMPLICATIONS OF POLICY DECISIONS FROM PUBLIC ENTITIES.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clayton Henson Consulting Consulting | 12/30/22 | $110,000 |
Majority Strategies Issue Advocacy Comm. | 12/30/22 | $180,000 |
Strategic Partners & Media Media Consulting | 12/30/22 | $216,250 |
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 | $16,952,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,952,657 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,952,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,556,222 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,048 |
| Fees for services: Accounting | $8,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $151,882 |
| Total functional expenses | $15,542,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,863,499 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,863,499 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,863,499 |
| 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 | $1,863,499 |
Grants Awarded
Over the last fiscal year, American Advancement has awarded $14,547,222 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
A PUBLIC VOICE PURPOSE: General Support | $166,740 |
AMERICAN POLICY COALITION PURPOSE: General Support | $2,100,000 |
AMERICAN EXCEPTIONLISM INST PURPOSE: General Support | $3,800,000 |
AMERICANS FOR SECURE ELECT PURPOSE: General Support | $1,417,500 |
AMERICAN ACTION NETWORK INC PURPOSE: General Support | $100,000 |
CAROLINA SENATE FUND PURPOSE: General Support | $415,000 |