Advance Foundation EIN 36-3552600

Advance Foundation

EIN  36-3552600 Public foundation / grantmaker Brookings, SD
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Manages property and money for charitable and educational purposes to support people with disabilities.
Leadership
Les Howard · Director
Money in and out
$303K revenue, $225K expenses
Bottom line
98% program efficiency

Manages property and money for charitable and educational purposes to support people with disabilities. For fiscal year 2025 it reported $303K in revenue, $225K in expenses, and $910K in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$303K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$910K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $78K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
27.4mo
months of highly liquid reserves at operating expense rate▲ +34% vs prior filing year
Surplus margin
+26%
revenue over expenses, this year▲ +331% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$303K
FY2025▲ +2%
Expenses
$225K
FY2025▼ -19%
Total assets
$963K
FY20250%
Total liabilities
$53K
FY2025▼ -59%
Total revenue
$303K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$910K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$78K
Total assetsPt X · Ln 16$963K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $222K of program spending, described in the organization's own filed words · FY2024.
01

To provide facilities for the educational and charitable services of providers for the understanding of mental health.

$222Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAdvance Foundation
EINHdr · item D36-3552600
Principal addressHdr · item CBrookings, SD
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22Z)
Ruling yearIRS BMFMar 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Advance Foundation executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$272K · 89%
Investment income$16K · 5%
Other revenue$10K · 3%
Contributions & grants$6K · 2%
Program service revenue89%$272K
Investment income5%$16K
Other revenue3%$10K
Contributions & grants2%$6K
Total revenueLn 12$303K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$222K
Management & general2%$4K
Total functional expensesLn 25$225K

Balance Sheet

Part X · end of year
CashLn 1$515K
Total assetsLn 16$963K
Total liabilitiesLn 26$53K
Total net assetsLn 32$910K
Months of cash on handcomputed27.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $515K · Operating expenses/yr $225K
27.4 months
Where the money goes
Program services
Program services $222K · Total expenses $225K
98%
Management & General
Management & general $4K · Total expenses $225K
2%
Fundraising
Fundraising $0 · Total expenses $225K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $6K · Total revenue $303K
2%
Government reliance
Government grants — · Total revenue $303K
Earned-income share
Program service revenue $272K · Total revenue $303K
89%
Investment reliance
Investment income $16K · Total revenue $303K
+5%
Program self-sufficiency
Program service revenue $272K · Total expenses $225K
120%
Growth & trend
Revenue growth (YoY)
This year $303K · Prior year $297K
+2%
Revenue CAGR
FY2020 $214K · FY2024 $303K
+9%
Net-asset trend (YoY)
End of year $910K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $303K · Expenses $225K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $963K
Net-asset ratio
Net assets $910K · Total assets $963K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $963K
0%
People & payroll
Highest Reported Total Compensation
Individual Les Howard · Reported title Director · Highest reported compensation $0 · Total expenses $225K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $225K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 2%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $92K · 2022–2024
Unitemized GrantFY2024$9,900
AdvanceSD · FY2023$75,000
Unitemized GrantFY2022$7,115

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$303K revenue · viewing · ⤓ 990 PDF
FY2024$297K revenue · ⤓ 990 PDF
FY2023$286K revenue · ⤓ 990 PDF
FY2022$237K revenue · ⤓ 990 PDF
FY2021$214K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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