philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Advance Financial Foundation

Tax-deductible

Nashville, TN501(c)(3)Since 2013Community DevelopmentEIN 46-3809740Revenue $625K in FY2025

On file with the IRS100 Oceanside Dr, 37204-2351 · Nashville, TNTax-exempt since Sep 2014Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

The Advance Financial Foundation provides charitable donations to over one hundred public charities to support them in their charitable activities and scholarships to more than twenty needy students.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 222 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $36K a year · 6% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$625K
-2% vs prior year
Spent
$562K
To programs
100%
Net assets
$323K
By yearFY2020–FY2025
Revenue
$625K
FY2025▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$377K
FY2021$657K
FY2022$656K
FY2023$659K
FY2024$639K
FY2025$625K
Expenses
$562K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$370K
FY2021$373K
FY2022$678K
FY2023$821K
FY2024$591K
FY2025$562K
Net assets
$323K
FY2025▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$184K
FY2021$396K
FY2022$374K
FY2023$212K
FY2024$260K
FY2025$323K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2014.

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% · $562K Management & general 0% · $185

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Pat Conroy
Treasurer
$0Pt VII · Sec A
Cullen Earnest
Vice Chairma
$0Pt VII · Sec A
Brent Gay
Secretary
$0Pt VII · Sec A
Tina Hodges
Chairman
$0Pt VII · Sec A
See Advance Financial Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Gives money to charities and scholarships for students.

Questions for Advance Financial Foundation

Tap to ask. Advance Financial Foundation sees how many people are interested.

Your first name shows with your question. Advance Financial Foundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $562K · in their own filed words · FY2025
01

The advance financial foundation provides charitable donations to over one hundred public charities to support them in their charitable activities and scholarships to more than twenty needy students.

$562Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $3.4M · 2020–2025
Individual RecipientFY2025$561,808
Individual RecipientFY2024$590,881
Individual RecipientFY2023$821,126
Individual RecipientFY2022$677,760
Individual RecipientFY2021$371,046
Individual RecipientFY2020$369,320

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$625K
Ln 12
Gifts and grantsLn 1h$624K
Investment incomeLn 3$1K
Money outPt IX
$562K
Ln 25
Programscol B$562K
Managementcol C$185
Owns and owesPt X
$323K
net assets · Ln 32
Cash and savingsLn 1–2$348K
Total assetsLn 16$348K
LiabilitiesLn 26$25K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$624K
Investment incomeLn 3$1K
Total revenueLn 12$625K
Assets in detailPt X, end of year
CashLn 1$348K
Cash and savings togetherLn 1–2$348K
Total assetsLn 16$348K
LiabilitiesLn 26$25K
Net assetsLn 32$323K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6222
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$368K$348K
Total assetsLn 16$368K$348K
LiabilitiesLn 26$108K$25K
Net assetsLn 32$260K$323K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$562K$562K
Office expensesLn 13$185$185
Total functional expensesLn 25$562K$562K$185$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $625K$562K$63K$323K 990 PDF
FY2024 $639K$591K$48K$260K 990 PDF
FY2023 $659K$821K−$162K$212K 990 PDF
FY2022 $656K$678K−$22K$374K 990 PDF
FY2021 $657K$373K$284K$396K 990 PDF
FY2020 $377K$370K$7K$184K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $624,847 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $638,785$623,724
I-9 Program service revenue$0
I-10 Investment income$1,123
I-11 Other revenue$0
I-12 Total revenuePrior year $638,785$624,847
I-13 Grants and similar amounts paidPrior year $590,881$561,808
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $74$185
I-18 Total expensesPrior year $590,955$561,993
I-19 Revenue less expensesPrior year $47,830$62,854
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $624,847 across 4 lines filed
VIII-1f All other contributions, gifts and grants$623,724
VIII-1h Total contributions, gifts and grants$623,724
VIII-3 Investment incomeExcluded from tax $1,123$1,123
VIII-12 Total revenueExcluded from tax $1,123$624,847
Part IX · Statement of functional expenses $561,993 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $561,808$561,808
IX-13 Office expensesManagement $185$185
IX-25 Total functional expensesPrograms $561,808 · Management $185 · Fundraising $0$561,993
Part X · Balance sheet $347,501 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $367,647$347,501
X-16 Total assetsStart of year $367,647$347,501
X-17 Accounts payable and accrued expensesStart of year $108,000$25,000
X-26 Total liabilitiesStart of year $108,000$25,000
X-27 Net assets without donor restrictionsStart of year −$66,258$25,790
X-28 Net assets with donor restrictionsStart of year $325,905$296,711
X-32 Total net assets or fund balancesStart of year $259,647$322,501
X-33 Total liabilities and net assetsStart of year $367,647$347,501
Part XI · Reconciliation of net assets $322,501 net assets at year end
XI-1 Total revenue$624,847
XI-2 Total expenses$561,993
XI-3 Revenue less expenses$62,854
XI-4 Net assets at start of year$259,647
XI-10 Net assets at end of year$322,501

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.