Overview
What is Advance Financial Foundation?
Advance Financial Foundation is a charitable organization headquartered in Nashville, Tennessee, with a postal address at 100 Oceanside Drive, 37204. Known for its philanthropic endeavors, the foundation offers charitable donations to over a hundred public charities, helping them sustain their charitable activities. Moreover, the foundation provides scholarships to more than twenty deserving, financially needy students. By supporting these organizations and students, Advance Financial Foundation aims to make a positive impact in various communities and contribute to education and societal development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that the Advance Financial Foundation meets some standards of accountability and transparency but falls short in several critical areas. While the overall score suggests room for improvement, it also reflects well on certain practices, such as having a fully independent board.
The foundation has demonstrated strengths in its governance structure, with 100% of board members being independent and a low liabilities to assets ratio of 16.72%. Additionally, the program expense ratio is notably high at 99.99%, indicating that nearly all funds are directed towards program services. However, the organization lacks essential financial documentation and policies, which has significantly impacted its overall transparency score.
On the downside, there are several areas where the foundation has failed to meet best practices, including the absence of financial statements, conflict of interest policy, and a whistleblower policy. Furthermore, the organization's website is not listed on its tax form, and vital documents like the tax form itself are missing from its nonprofit website. These gaps in documentation and policy could raise concerns about accountability for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Advance Financial Foundation legitimate?
Advance Financial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advance Financial Foundation submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Advance Financial Foundation?
The Advance Financial Foundation's mission is centered around providing charitable donations to over one hundred public charities. These donations aim to support the charitable activities of these organizations. Additionally, the foundation offers scholarships to more than twenty needy students. By doing so, the Advance Financial Foundation aims to contribute to the causes these charities advocate for and help deserving students pursue their education.
Who is the CEO of Advance Financial Foundation?
Brittni Walker is the Secretary of Advance Financial Foundation.
What is the revenue of Advance Financial Foundation?
Advance Financial Foundation's revenue in 2022 was $655,939.
Who are the executives of Advance Financial Foundation and what are their salaries?
There 220 volunteers at Advance Financial Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Advance Financial Foundation?
Advance Financial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Advance Financial Foundation
The Advance Financial Foundation is committed to contributing to the charitable activities of over a hundred public charities. Through their charitable donations, they aim to support these organizations in their noble endeavors. Additionally, the foundation extends scholarships to more than twenty deserving and financially struggling students. By doing so, the Advance Financial Foundation plays a significant role in uplifting various communities and empowering young minds.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Advance Financial Foundation's impact includes providing charitable donations to over one hundred public charities to support their charitable activities and offering scholarships to more than twenty needy students. This helps in improving the community and providing valuable support to those in need.
This information is meant to be a general summary of Advance Financial Foundation. 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.
- Gross Receipts: $655,939
Assets and Liabilities:
- Total Assets: $448,547
- Total Liabilities: $75,000
- Net Assets: $373,547
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(615) 829-1433Principal Officer
Brittni Walker
Main Address
100 OCEANSIDE DRIVE, NASHVILLE, TN, 37204
NTEE Category
Code: S30 - Community improvement
If you are a representative of Advance Financial Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.