Foundation for Advanced Philanthrophy FY2022 filing

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The Foundation for Advanced philanthropy is dedicated to restoring and advancing donor involvement by the Foundation networking with other foundations in need of funding aid and by increasing access, education and research opportunity nationally in order to better effect the lives of those in need.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$130K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $20.3M a year · 77% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$130K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $117.0M in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$131K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$30.4M
+32% vs prior year
Spent
$10.2M
To programs
100%
Net assets
$117.9M
By yearFY2020–FY2023
Revenue
$30.4M
FY2022▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$13.0M
FY2021$23.1M
FY2022$30.4M
FY2023$39.3M
Expenses
$10.2M
FY2022▲ ×10
Tap a bar for its year
Expenses by fiscal year
FY2020$651K
FY2021$977K
FY2022$10.2M
FY2023$12.8M
Net assets
$117.9M
FY2022▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$73.3M
FY2021$95.5M
FY2022$117.9M
FY2023$142.4M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Oct 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $10.2M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990; $130K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Director
$130,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jason L Crace’s $185K as CEO/Director is at the 27th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021
Jason L Crace$185,000$130,000$250,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Foundation for Advanced Philanthrophy executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects foundations to funding needs, increasing access and education to improve lives.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2022
01

The foundation supports or develops programs or foundations including but not limited to: 1. Medical institutions, program support including MEDICAL/HEALTH advances and access. Cancer, heart, diabetes treatment and research, and more 2. Childrens health, development, protection and well being; 3.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $3.7M · 2020–2023
Various 501(c)(3) OrgsFY2023$2,055,137
Various 501(c)(3) OrgsFY2022$895,695
Various 501(c)(3) OrgsFY2021$601,235
Various 501(c)(3) OrgsFY2020$185,392

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$30.4M
Ln 12
Gifts and grantsLn 1h$19.0M
Fees for servicesLn 2g$10.9M
Investment incomeLn 3$550K
Money outPt IX
$10.2M
Ln 25
Programscol B$10.2M
Owns and owesPt X
$117.9M
net assets · Ln 32
Cash and savingsLn 1–2$892K
Total assetsLn 16$118.0M
LiabilitiesLn 26$131K
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19.0M
Fees for servicesLn 2g$10.9M
Investment incomeLn 3$550K
Total revenueLn 12$30.4M
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$809K
Cash and savings togetherLn 1–2$892K
InvestmentsLn 11–13$117.0M
Total assetsLn 16$118.0M
LiabilitiesLn 26$131K
Net assetsLn 32$117.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$912K$892K
InvestmentsLn 11–13$96.7M$117.0M
Total assetsLn 16$97.6M$118.0M
LiabilitiesLn 26$0$131K
Net assetsLn 32$97.6M$117.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$896K$896K
Pay of current officers, directors and key staffLn 5$130K$130K
Other salaries and wagesLn 7$4.1M$4.1M
Other employee benefitsLn 9$397K$397K
Payroll taxesLn 10$428K$428K
Management feesLn 11a$22K$22K
Legal feesLn 11b$299K$299K
Accounting feesLn 11c$39K$39K
Other fees for servicesLn 11g$98K$98K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$239K$239K
Information technologyLn 14$35K$35K
OccupancyLn 16$282K$282K
TravelLn 17$391K$391K
Travel and entertainment for public officialsLn 18$6K$6K
InterestLn 20$26K$26K
Depreciation, depletion and amortizationLn 22$178K$178K
InsuranceLn 23$593K$593K
Other expenses (24a–d)Ln 24$2.0M$2.0M
Total functional expensesLn 25$10.2M$10.2M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $39.3M$12.8M$26.5M$142.4M 990 PDF
FY2022 Viewing $30.4M$10.2M$20.2M$117.9M 990 PDF
FY2021 $23.1M$977K$22.1M$95.5M 990 PDF
FY2020 $13.0M$651K$12.3M$73.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $30,434,971 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,330,496$18,964,450
I-9 Program service revenuePrior year $8,978,606$10,920,848
I-10 Investment incomePrior year $387,670$549,673
I-11 Other revenue$0
I-12 Total revenuePrior year $31,696,772$30,434,971
I-13 Grants and similar amounts paidPrior year $601,235$895,695
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,982,634$5,104,372
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,570,912$4,210,965
I-18 Total expensesPrior year $9,154,781$10,211,032
I-19 Revenue less expensesPrior year $22,541,991$20,223,939
Part VI · Governance 2 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $30,434,971 across 5 lines filed
VIII-1f All other contributions, gifts and grants$18,964,450
VIII-1h Total contributions, gifts and grants$18,964,450
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $10,920,848$10,920,848
VIII-3 Investment incomeExcluded from tax $549,673$549,673
VIII-12 Total revenueExcluded from tax $11,470,521$30,434,971
Part IX · Statement of functional expenses $10,211,032 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $895,695$895,695
IX-5 Pay of current officers, directors and key staffPrograms $130,000$130,000
IX-7 Other salaries and wagesPrograms $4,149,921$4,149,921
IX-9 Other employee benefitsPrograms $396,903$396,903
IX-10 Payroll taxesPrograms $427,548$427,548
IX-11a Management feesPrograms $22,000$22,000
IX-11b Legal feesPrograms $298,506$298,506
IX-11c Accounting feesPrograms $39,364$39,364
IX-11g Other fees for servicesPrograms $98,450$98,450
IX-12 Advertising and promotionPrograms $9,698$9,698
IX-13 Office expensesPrograms $239,125$239,125
IX-14 Information technologyPrograms $34,933$34,933
IX-16 OccupancyPrograms $282,270$282,270
IX-17 TravelPrograms $390,586$390,586
IX-18 Travel and entertainment for public officialsPrograms $5,609$5,609
IX-20 InterestPrograms $26,350$26,350
IX-22 Depreciation, depletion and amortizationPrograms $177,862$177,862
IX-23 InsurancePrograms $593,199$593,199
IX-24 Other expenses (24a–d)Programs $1,993,013$1,993,013
IX-25 Total functional expensesPrograms $10,211,032 · Management $0 · Fundraising $0$10,211,032
Part X · Balance sheet $117,993,330 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $62,076$82,801
X-2 Savings and temporary cash investmentsStart of year $849,571$809,448
X-3 Pledges and grants receivable$116,949
X-11 Publicly traded securitiesStart of year $700,592$561,837
X-13 Program-related investmentsStart of year $96,026,100$116,422,295
X-16 Total assetsStart of year $97,638,339$117,993,330
X-17 Accounts payable and accrued expenses$131,052
X-26 Total liabilitiesStart of year $0$131,052
X-27 Net assets without donor restrictionsStart of year $97,638,339$117,862,278
X-32 Total net assets or fund balancesStart of year $97,638,339$117,862,278
X-33 Total liabilities and net assetsStart of year $97,638,339$117,993,330
Part XI · Reconciliation of net assets $117,862,278 net assets at year end
XI-1 Total revenue$30,434,971
XI-2 Total expenses$10,211,032
XI-3 Revenue less expenses$20,223,939
XI-4 Net assets at start of year$97,638,339
XI-10 Net assets at end of year$117,862,278

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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