Nonprofit · EIN 81-0942834
THE ADVANCE PROJECT
Tax-exempt · GAITHERSBURG, MD 20882
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $244,362 | $241,005 | $3,357 | $83,772 | $2,608 | $81,164 |
| December 31, 2023 | 990-EZ | $196,166 | $204,059 | -$7,893 | $83,045 | $10,303 | $72,742 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $244,337
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $25
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $102,336
- Salaries, compensation and benefits (total)
- $102,336
- Professional fundraising fees
- $0
- Accounting fees
- $2,200
- Occupancy
- $29,288
- Depreciation
- $9,937
- Program services (functional)
- $206,286
- Management and general (functional)
- $30,864
- Fundraising (functional)
- $3,855
Balance sheet and other
- Total assets, start of year
- $83,045
- Total assets, end of year
- $83,772
- Total liabilities, end of year
- $2,608
- Net assets, end of year
- $81,164
- Land, buildings and equipment
- $42,155
- Net assets without donor restrictions
- $81,164
- Gross receipts
- $244,362
- Employees
- 0
- Volunteers
- 80
- Year formed
- 2016
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GRAHAM DAVIS | PRESIDENT Trustee or director, Officer | 40 | $102,336 |
| CARLY NELSON | DIRECTOR Trustee or director | 0.5 | $0 |
| CHRIS JOYNER | DIRECTOR Trustee or director | 0.5 | $0 |
| NICOLE DAVIS | VICE PRESIDENT Trustee or director, Officer | 40 | $0 |
| DANIEL TAYLOR | TREASURER Trustee or director, Officer | 0.5 | $0 |
| CHAD NELSON | SECRETARY Trustee or director, Officer | 0.5 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GRAHAM DAVIS | PRESIDENT | 40 | $87,372 |
| CARLY NELSON | DIRECTOR | 0.5 | $0 |
| CHRIS JOYNER | DIRECTOR | 0.5 | $0 |
| NICOLE DAVIS | VICE PRESIDENT | 40 | $0 |
| DANIEL TAYLOR | TREASURER | 0.5 | $0 |
| CHAD NELSON | SECRETARY | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 20721 SABBATH CT, GAITHERSBURG, MD 20882-4435
- Mailing address (990-N for 2018)
- 20721 Sabbath Ct, Gaithersburg MD 20882
- Principal officer (990 for 2024)
- GRAHAM DAVIS, 20721 SABBATH CT, GAITHERSBURG, MD 20882
- Principal officer (990-N for 2018)
- Graham Davis, 20721 Sabbath Ct, Gaithersburg MD 20882
- Signed the 990
- GRAHAM DAVIS, PRESIDENT
- Phone
- (301) 437-9224
- Website
- www.advancepanama.org
- Return prepared by
- Accounting Beyond Borders
Mission
TO ADVANCE PANAMA, ITS PEOPLE AND COMMUNITIES THROUGH EDUCATION AND STRATEGIC RELATIONSHIPS AND BY BREAKING THE CYCLE OF POVERTY.
Program accomplishments
- PROVIDING HIGHER EDUCATION OPPORTUNITIES TO UNDERPRIVILEGED STUDENTS IN PANAMA WHILE BUILDING DEEP RELATIONSHIPS, PROVIDING MENTORSHIP, AND EQUIPPING THEM WITH LEADERSHIP TRAINING SO THAT STUDENTS CAN EXCEED IN ALL AREAS. ABOUT 2,000 INDIVIDUALS WERE IMPACTED BY THIS PROGRAM IN 2024.Expenses $206,286
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-0942834
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $83,772
- Income (IRS master file)
- $244,362
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $244,362 | $241,005 | $83,772 | XML |
| 990-EZ | December 2023 | $196,166 | $204,059 | $83,045 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Graham Davis | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-0942834).
Questions about THE ADVANCE PROJECT
- What is the EIN of THE ADVANCE PROJECT?
- The employer identification number (EIN) of THE ADVANCE PROJECT is 81-0942834.
- Is THE ADVANCE PROJECT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to THE ADVANCE PROJECT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE ADVANCE PROJECT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE ADVANCE PROJECT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE ADVANCE PROJECT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE ADVANCE PROJECT?
- The 990 for the year ended December 31, 2024 names GRAHAM DAVIS.
- Who are the officers and directors of THE ADVANCE PROJECT?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $102,336 (GRAHAM DAVIS, PRESIDENT).
- How much revenue does THE ADVANCE PROJECT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $244,362, expenses of $241,005 and total assets of $83,772 at year end.
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