Aadvance Foundation Inc
- Assets
- $17.8k
- Revenue
- $111.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Catonsville, MD
- Founding
- Data as of
- 12/2022
- EIN
- 85-3355342
Organization Overview
Aadvance Foundation Inc is located in Catonsville, MD. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aadvance 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 12/2022, Aadvance Foundation Inc generated $111.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 30.8% each year .
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO CHARITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elken Bansah President | 40 | $0 | |
Bene Fynn Bansah Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $111,799 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,799 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,753 |
| Total operating and administrative expenses | $5,753 |
| Contributions, gifts, grants paid | $124,568 |
| Total expenses and disbursements | $130,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,754 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,754 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Aadvance Foundation Inc has awarded $124,568 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NKWA FOUNDATION PURPOSE: CHARITY | $35,350 |
FAIR RIVER INT ASSOCIATION FOR DEVT PURPOSE: CHARITY | $48,653 |
CHILDREN AT HEART FOUNDATION PURPOSE: CHARITY | $40,565 |