Advancement Corporation
- Assets
- $47.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- Data as of
- 12/2021
- 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
200INDIVIDUALPARTICIPANTSYEARLY.60%EMPLOYED.70%ACTIVEPARTICIPANTS,10%MINIMALLYINVOLVED.96%JOBPLACEMENTRATE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lashawn Erby Vice President | 10 | $3,000 | |
Derrick Knox Jr President | 80 | $0 | |
Dr Terence Gipson Seretary | 5 | $0 | |
Attorney Patricia Mock Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,175 |
| Total Program Service Revenue | $49,120 |
| Membership dues | $0 |
| Investment income | $3,060 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,118 |
| Other Revenue | $0 |
| Total Revenue | $55,237 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $950 |
| Salaries, other compensation, and employee benefits | $1,450 |
| Professional fees and other payments to independent contractors | $240 |
| Occupancy, rent, utilities, and maintenance | $8,340 |
| Printing, publications, postage, and shipping | $240 |
| Other expenses | $0 |
| Total expenses | $11,220 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,169 |
| Other assets | $0 |
| Total assets | $47,042 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,042 |
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