Overview
What is The Advancement Network Inc?
The Advancement Network Inc, situated in Fort Worth, Texas, serves as a catalyst for innovation and excellence in community foundation work. Their primary objective is to encourage philanthropy and foster community growth. They accomplish this by promoting best practices, sharing experiences, and offering professional guidance to professionals engaged in fund development, philanthropic advising, and donor services. The network provides a platform for learning, support, and knowledge exchange through various channels such as a mentorship program, webinars, an online community, conferences, and leadership opportunities. The Advancement Network's mission is to inspire and empower their members, ultimately aiming to enhance the well-being of communities.
Official website here: www.adnetcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 63%)
The Advancement Network Inc has received a Two-Star rating from Charity Navigator, indicating that while it demonstrates some positive aspects, there are significant areas needing improvement. The organization has a high program expense ratio of 90.91%, suggesting that a substantial portion of its expenditures is directed towards its programs rather than administrative costs. Additionally, it has shown no material diversion of assets, which reflects a degree of financial integrity.
However, there are critical weaknesses in the governance and accountability metrics. The organization lacks independent board members, which raises concerns about the effectiveness of oversight. Furthermore, it is missing key policies such as a whistleblower policy and a document retention and destruction policy, both of which are important for maintaining trust and transparency within nonprofit operations. Additionally, the absence of tax form documentation on its website limits financial transparency.
Overall, while The Advancement Network Inc has strengths in program spending and financial integrity, its governance structure and certain accountability policies require significant attention to improve its rating and enhance stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Advancement Network Inc legitimate?
The Advancement Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Advancement Network Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Official website here: www.adnetcf.org
What is the mission statement of The Advancement Network Inc?
The Advancement Network Inc's mission is centered around fostering innovation, advocating for best practices, and sharing experiences in the realm of community foundation professionals. Their primary goal is to stimulate philanthropy and contribute to the betterment of communities. They accomplish this mission by offering various professional development opportunities, such as peer learning, mentorship programs, webinars, an online community, conferences, and leadership prospects. These platforms enable community foundation professionals in fund development, philanthropic advising, and donor services roles to grow and share their experiences, ultimately promoting effective philanthropic practices.
Official website here: www.adnetcf.org
Who is the CEO of The Advancement Network Inc?
Janell Kaplan is the President of The Advancement Network Inc.
Official website here: www.adnetcf.org
What is the revenue of The Advancement Network Inc?
The Advancement Network Inc's revenue in 2022 was $42,871.
Official website here: www.adnetcf.org
Who are the executives of The Advancement Network Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.adnetcf.org
Where can I find the form 990EZ for The Advancement Network Inc?
The Advancement Network Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.adnetcf.org
Learn more at the official website: www.adnetcf.org
Mission Statement of The Advancement Network Inc
The Advancement Network, a prominent organization, is dedicated to fostering innovation, advocating for best practices, and disseminating experiences to empower community foundation professionals in their roles pertaining to fund development, philanthropic guidance, and donor services. Their primary mission is to stimulate philanthropy and contribute to the betterment of communities. To accomplish this, The Advancement Network provides various platforms for professional development, such as mentorship programs, online communities, webinars, conferences, and leadership opportunities. These platforms facilitate peer learning, support, and knowledge exchange, enabling professionals to enhance their skills and share insights, ultimately advancing their goals and the communities they serve.
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Impact
August, 2024
The Advancement Network Inc drives innovation, promotes best practices, and shares experiences to support community foundation professionals in fund development, philanthropic advising, and donor services roles. Their mission is to inspire philanthropy and advance communities. By offering professional development opportunities through peer learning, support, and knowledge exchange via various programs and resources, they contribute to the continuous improvement and growth of the philanthropic sector. Through their activities, they play a key role in enhancing the capabilities and impact of individuals and organizations dedicated to driving positive change in communities.
This information is meant to be a general summary of The Advancement Network Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,282
- Gross Receipts: $68,900
Assets and Liabilities:
- Total Assets: $316,864
- Total Liabilities: $1,268
- Net Assets: $315,596
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Organization Details
Phone
(817) 768-6848Principal Officer
Janell Kaplan
Main Address
9500 FEATHER GRASS LN 120 PMB 15, FORT WORTH, TX, 76131
Website
www.adnetcf.orgNTEE Category
Code: B05 - Education
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