Advance INC FY2023 filing

Tax-deductible

Denver, CO501(c)(3)Human ServicesEIN 92-0913190Revenue $1.6M in FY2023

On file with the IRS15500 E 40th Ave, 80239-5701 · Denver, COTax-exempt since Dec 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Advance, INC. (the organization") is a non-profit, 501(c)(3) tax exempt organization, located in denver, co, whose mission is to offer services to aurora, colorado adults experiencing homelessness by creating a community that provides all the help required to those willing to work toward self-sufficiency; anyone who wants help gets help. Advance will be a community of inspiring individuals who believe in the innate capacity for change, accepting both potential and brokenness as part of humanity. The individuals served will be referred to as community members. They will provide emergency transitional housing for about 50-75 people at any given time with the goal of serving over 250 per year.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
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 2
filings with a surplus
Average surplus $1.1M a year · 53% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
36 mo
of spending, in cash
Looks good: 36.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$84K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$403K
To programs
92%
Net assets
$1.2M
By yearFY2023–FY2024
Revenue
$1.6M
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$1.6M
FY2024$2.7M
Expenses
$403K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$403K
FY2024$1.6M
Net assets
$1.2M
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$1.2M
FY2024$2.3M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2022.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $369K Management & general 8% · $33K Fundraising 0% · $872

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

6 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$83,923Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jim Goebelbecker’s $173K as Executive Dir. is at the 82nd percentile of top reported officer pay among 3869 $1–10M human services 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

NameFY2024FY2023
Jim Goebelbecker$172,931$83,923

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.

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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 15aYes

Programs and updates

Provides housing and support services to homeless adults in Aurora, Colorado, helping them achieve self-sufficiency.

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Provided by the organization

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1 program · $369K · in their own filed words · FY2023
01

Advance, inc. Works with homeless adults living in aurora, co who are committed to self-sufficiency by providing emergency temporary housing and wrap around services. Those wrap around services include guiding participants, we call them community members, to resources that ensure they have the documentation, access to physical and mental…

$369Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$9K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$9K
Money outPt IX
$403K
Ln 25
Programscol B$369K
Managementcol C$33K
Fundraisingcol D$872
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$84K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$9K
Gains on assetsLn 7$0
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$81K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$58K
Total assetsLn 16$1.3M
LiabilitiesLn 26$84K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 58
VolunteersI 630
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 FY23End FY23
Cash and savingsLn 1–2$50K$1.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$50K$1.3M
LiabilitiesLn 26$0$84K
Net assetsLn 32$50K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$90K$83K$7K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$68K$62K$6K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$32K$29K$3K
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$42K$39K$3K
Advertising and promotionLn 12$2K$872$872
Office expensesLn 13$21K$19K$2K
Information technologyLn 14$6K$6K$523
RoyaltiesLn 15$0
OccupancyLn 16$36K$35K$783
TravelLn 17$3K$3K$221
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$836$769$67
Other expenses (24a–d)Ln 24$96K$92K$4K
All other expensesLn 24e$0
Total functional expensesLn 25$403K$369K$33K$872

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.7M$1.6M$1.1M$2.3M 990 PDF
FY2023 Viewing $1.6M$403K$1.2M$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 FY2023 990 (6 parts)
Part I · Summary $1,568,098 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,000$1,559,321
I-9 Program service revenue$0
I-10 Investment income$8,777
I-11 Other revenue$0
I-12 Total revenuePrior year $50,000$1,568,098
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$190,067
I-16a Professional fundraising fees$0
I-17 Other expenses$212,869
I-18 Total expenses$402,936
I-19 Revenue less expensesPrior year $50,000$1,165,162
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,568,098 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,559,321
VIII-1h Total contributions, gifts and grants$1,559,321
VIII-3 Investment incomeExcluded from tax $8,777$8,777
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 revenueExcluded from tax $8,777$1,568,098
Part IX · Statement of functional expenses $402,936 across 31 lines filed
IX-1 Grants to domestic organizations$0
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 staffPrograms $83,248 · Management $7,239$90,487
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $62,211 · Management $5,523$67,734
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $29,277 · Management $2,569$31,846
IX-11a Management fees$0
IX-11b Legal feesManagement $2,250$2,250
IX-11c Accounting feesManagement $4,409$4,409
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $38,612 · Management $3,388$42,000
IX-12 Advertising and promotionPrograms $872 · Fundraising $872$1,744
IX-13 Office expensesPrograms $19,179 · Management $1,683$20,862
IX-14 Information technologyPrograms $5,965 · Management $523$6,488
IX-15 Royalties$0
IX-16 OccupancyPrograms $34,903 · Management $783$35,686
IX-17 TravelPrograms $2,514 · Management $221$2,735
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 InsurancePrograms $769 · Management $67$836
IX-24 Other expenses (24a–d)Programs $91,937 · Management $3,922$95,859
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $369,487 · Management $32,577 · Fundraising $872$402,936
Part X · Balance sheet $1,298,982 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $50,000$1,138,152
X-2 Savings and temporary cash investments$81,070
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$22,040
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$57,720
X-16 Total assetsStart of year $50,000$1,298,982
X-17 Accounts payable and accrued expenses$24,619
X-25 Other liabilities$59,201
X-26 Total liabilitiesStart of year $0$83,820
X-27 Net assets without donor restrictionsStart of year $50,000$1,027,803
X-28 Net assets with donor restrictions$187,359
X-32 Total net assets or fund balancesStart of year $50,000$1,215,162
X-33 Total liabilities and net assetsStart of year $50,000$1,298,982
Part XI · Reconciliation of net assets $1,215,162 net assets at year end
XI-1 Total revenue$1,568,098
XI-2 Total expenses$402,936
XI-3 Revenue less expenses$1,165,162
XI-4 Net assets at start of year$50,000
XI-10 Net assets at end of year$1,215,162

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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