American Advancement

Hyattsville, MDUnknown exempt organizationSince 2018EIN 82-4871132Revenue $7.6M in FY2024

On file with the IRS5557 Baltimore Ave Ste 500-1028 · Hyattsville, MD

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Promote public policies aimed at removing barriers to economic growth and advancing economic opportunity for the American people.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $126K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 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
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $320K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
+511% vs prior year
Spent
$7.7M
To programs
100%
Net assets
$66K
By yearFY2020–FY2024
Revenue
$7.6M
FY2024▲ +511%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.3M
FY2021$797K
FY2022$17.0M
FY2023$1.2M
FY2024$7.6M
Expenses
$7.7M
FY2024▲ +159%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.7M
FY2021$1.6M
FY2022$15.5M
FY2023$3.0M
FY2024$7.7M
Net assets
$66K
FY2024▼ -54%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$348K
FY2022$1.9M
FY2023$143K
FY2024$66K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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% · $7.7M Management & general 0% · $6K

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

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
See American Advancement 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

Advocates for public policies that foster economic growth and opportunity while educating the public on the societal impacts of government decisions.

Questions for American Advancement

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Provided by the organization

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2 programs · $7.7M · in their own filed words · FY2024
01

The organization conducted public engagement, directly and through grantmaking activities, to advance policies that increase economic prosperity, keep America safe, and recognize American innovation's positive impact on society

$7.3Mprogram expense
02

Educate the public about the societal implications of policy decisions from public entities.

$369Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$320K
Grants paid · 47 grants · $23.9M · 2020–2024
Keystone Renewal PacFY2024$1,000,000
Win IT Back PacFY2024$950,000
Affordable Energy Fund PacFY2024$750,000
American Jobs and Growth FundVA · FY2024$300,000
Safe Streets Safe CommunitiesVA · FY2024$150,000
Conservative Family AllianceFY2024$140,000
Teachers First LLCFY2024$100,000
Families for a Strong St JoeFY2024$70,500
Defend US PacFY2024$50,000
A Public Voice INCVA · FY2024$25,000
Reboot LouisianaFY2023$1,250,000
La Leadership FundFY2023$320,000
Conservative Policy ProjectFY2023$104,500
Americans United for ValuesFY2023$75,000
Prosperity Alliance INCVA · FY2022$2,150,000
American Policy CoalitionVA · FY2022$2,100,000
See all 47 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$7.6M
Ln 12
Gifts and grantsLn 1h$7.6M
Money outPt IX
$7.7M
Ln 25
Programscol B$7.7M
Managementcol C$6K
Owns and owesPt X
$66K
net assets · Ln 32
Cash and savingsLn 1–2$66K
Total assetsLn 16$66K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.6M
Gains on assetsLn 7$0
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$66K
SavingsLn 2$0
Cash and savings togetherLn 1–2$66K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$66K
LiabilitiesLn 26$0
Net assetsLn 32$66K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$177K$66K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$177K$66K
LiabilitiesLn 26$0$0
Net assetsLn 32$177K$66K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.6M$3.6M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$120K$120K
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$5K$5K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$4.0M$4.0M
All other expensesLn 24e$44K$44K
Total functional expensesLn 25$7.7M$7.7M$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $7.6M$7.7M−$112K$66K 990 PDF
FY2023 $1.2M$3.0M−$1.7M$143K 990 PDF
FY2022 $17.0M$15.5M$1.4M$1.9M 990 PDF
FY2021 $797K$1.6M−$843K$348K 990 PDF
FY2020 $7.3M$6.7M$636K$1.2M 990 PDF

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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 FY2024 990 (6 parts)
Part I · Summary $7,570,071 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,239,559$7,570,071
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,239,559$7,570,071
I-13 Grants and similar amounts paidPrior year $2,358,000$3,554,750
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $12,000$0
I-17 Other expensesPrior year $590,535$4,126,997
I-18 Total expensesPrior year $2,960,535$7,681,747
I-19 Revenue less expensesPrior year −$1,720,976−$111,676
Part VI · Governance 0 of 1 board members independent, 2 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $7,570,071 across 8 lines filed
VIII-1f All other contributions, gifts and grants$7,570,071
VIII-1h Total contributions, gifts and grants$7,570,071
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$7,570,071
Part IX · Statement of functional expenses $7,681,747 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $3,554,750$3,554,750
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $119,745$119,745
IX-11c Accounting feesManagement $5,543$5,543
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $4,531$4,531
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $3,953,380$3,953,380
IX-24e All other expensesPrograms $43,798$43,798
IX-25 Total functional expensesPrograms $7,676,204 · Management $5,543 · Fundraising $0$7,681,747
Part X · Balance sheet $65,597 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $177,273$65,597
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $177,273$65,597
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $177,273$65,597
X-32 Total net assets or fund balancesStart of year $177,273$65,597
X-33 Total liabilities and net assetsStart of year $177,273$65,597
Part XI · Reconciliation of net assets $65,597 net assets at year end
XI-1 Total revenue$7,570,071
XI-2 Total expenses$7,681,747
XI-3 Revenue less expenses−$111,676
XI-4 Net assets at start of year$177,273
XI-10 Net assets at end of year$65,597

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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