ADVANCEMENT FOUNDATION

EIN 20-5922663 VINTON, VA

Browse the largest nonprofits in Virginia

Revenue 2024: $1,135,831
Expenses 2024: $641,595

Program services were 79.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection: 03
Classification: 1000
Street: 301 S POLLARD ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

TO CREATE OPPORTUNITIES THAT SUPPORT ECONOMIC PROSPERITY AND GROWTH FOR CITIZENS AND COMMUNITIES ACCOMPLISHED THROUGH DIVERSE EDUCATIONAL OPTIONS; LEVERAGING LOCAL, FEDERAL AND STATE RESOURCES; ACCESS TO HOUSING AND BUSINESS INCUBATION/ACCELERATION SPACES; AND INVESTMENT IN BUSINESS AND COMMUNITY DEVELOPMENT.

SERVED 100 ENTREPERENEURS CONNECTING THEM WITH EDUCATION, MENTORSHIP, RESOURCES AND CONNECTION. CREATED AND HOSTED TRAININGS THAT SERVED 30 COMMUNITIES AND OVER 150 ENTREPRENEURS AND INNOVATORS.

Expenses $332,110 · Grants $148,722 · Revenue $20,877
Finalizing renovations for a new business acceleration and incubation spaces, commercial kitchen, marketplace for small scale businesses

Expenses $176,022 · Revenue $64,067

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Annette Patterson

President

Total calculated

$67,500

From this org

$67,500

From related orgs

$0

Other

$0

Hours/week

60
Judy Wood

SECRETARY/TREAS

Total calculated

$0

Hours/week

2
Jon McCoy

Director

Total calculated

$0

Hours/week

2
Becky Freemal

Chairman

Total calculated

$0

Hours/week

2
Patrick Patterson

Director

Total calculated

$0

Hours/week

2
Marcia Major

Treasurer

Total calculated

$0

Hours/week

2
Linda BaileyLINDA BAILEY

Director

Total calculated

$0

Hours/week

2
Katie ConnerKATIE CONNER

Director

Total calculated

$0

Hours/week

2
Jennifer EddyJENNIFER EDDY

Director

Total calculated

$0

Hours/week

2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

2024

Revenue

$1,135,831

Expenses

$641,595

Contributions

$1,017,081

Grants paid

$148,722
2023

Revenue

$1,045,792

Expenses

$654,585

Contributions

$958,840

Grants paid

$77,717
2022

Revenue

$830,577

Expenses

$846,394

Contributions

$826,289

Grants paid

$0

Tax year	Revenue	Expenses	Contributions	Grants paid
2024	$1,135,831	$641,595	$1,017,081	$148,722
2023	$1,045,792	$654,585	$958,840	$77,717
2022	$830,577	$846,394	$826,289	$0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

2024 · 990-T

Revenue

not reported

Expenses

not reported

Assets (EOY)

not reported
2023 · 990-T

Revenue

not reported

Expenses

not reported

Assets (EOY)

not reported
2022 · 990-T

Revenue

not reported

Expenses

not reported

Assets (EOY)

not reported
2021 · 990

Revenue

$1,205,935

Expenses

$517,037

Assets (EOY)

$1,057,981
2021 · 990-T

Revenue

not reported

Expenses

not reported

Assets (EOY)

not reported
2020 · 990

Revenue

$471,089

Expenses

$466,230

Assets (EOY)

$425,478
2019 · 990

Revenue

$416,459

Expenses

$421,952

Assets (EOY)

$329,020
2018 · 990

Revenue

$278,848

Expenses

$295,411

Assets (EOY)

$330,388
2017 · 990

Revenue

$523,333

Expenses

$493,079

Assets (EOY)

$328,431
2016 · 990

Revenue

$425,148

Expenses

$411,214

Assets (EOY)

$275,674

Tax year	Form	Revenue	Expenses	Assets (EOY)
2024	990-T	not reported	not reported	not reported
2023	990-T	not reported	not reported	not reported
2022	990-T	not reported	not reported	not reported
2021	990	$1,205,935	$517,037	$1,057,981
2021	990-T	not reported	not reported	not reported
2020	990	$471,089	$466,230	$425,478
2019	990	$416,459	$421,952	$329,020
2018	990	$278,848	$295,411	$330,388
2017	990	$523,333	$493,079	$328,431
2016	990	$425,148	$411,214	$275,674

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Form 990-N e-Postcard, tax year 2007

Tax period: 1 January 2007 to 31 December 2007
Principal officer: Annette Patterson
Mailing address: 1114 Washington AvenueVinton VA 24179
Doing business as: The Advancement Foundation

As filed, from the IRS e-Postcard file of 2 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

GATHER AT 411 E MAIN LLC

$23,000

2024 TO HELP WITH START UP COSTS
410 ON MAIN CORPORATION

$20,000

2024 TO HELP WITH START UP COSTS
THE CHARC BOARD LLC

$18,500

2024 TO HELP WITH START UP COSTS
THE FRIENDLY FORK CATERING

$11,000

2024 TO HELP WITH START UP COSTS
SOLVACY

$8,760

2024 TO HELP WITH START UP COSTS
OFF THE RIVER

$8,000

2024 TO HELP WITH START UP COSTS
BLUE HILLS NATURAL FOOD MARKE

$7,000

2023 TO HELP WITH START UP COSTS
BLUE RIDGE OUTDOOR SCHOOL LL

$7,000

2024 TO HELP WITH START UP COSTS
THE WELLNESS BAR

$6,824

2023 TO HELP WITH START UP COSTS
MOUNTAIN MAMA MATERNITY

$6,000

2023 TO HELP WITH START UP COSTS

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

MOUNTAIN GATEWAY COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

$83,000

2022 WORKFORCE DEVELOPMEN
VIRGINIA INNOVATION PARTNERSHIP CORPORATION

$75,000

2023 RESEARCH
CHARITIES AID FOUNDATION AMERICA

$60,000

2023 CHARITABLE DONATION

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.