Industry Advancement Fund Inc
Research and scholarships in the drilled shaft industry.
Industry Advancement Fund Inc at a glance
In short: Industry Advancement Fund Inc gave $102K across 1 grant in 2025 (avg $102K), mostly in Texas. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $102,000
- Grants made (2025)
- 1
- Average grant
- $102,000
- Median grant
- $102,000
- Total assets
- $1,772,410
- +6.5% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Industry Advancement Fund Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Adsc Inc ($102K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 1 grant totaling $102K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Adsc Inc Southlake, TX | Provide scholarships to outstanding graduate students at various engineering colleges and universities. The scholarships are awarded on an equal opportunity basis to the most qualified persons. | $102,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,772,410 | $100,943 | $186,626 | $102,000 | 1 | $61,433 |
| 2024 | $1,664,229 | $109,291 | $159,990 | — | — | $55,641 |
| 2023 | $1,461,079 | $64,380 | $101,585 | — | — | $54,380 |
| 2022 | $1,401,154 | $64,490 | $72,176 | — | — | $57,965 |
| 2021 | $1,770,682 | $151,590 | $92,561 | — | — | $71,678 |
| 2020 | $1,535,392 | $125,221 | $134,624 | — | — | $66,041 |
| 2019 | $1,514,003 | $174,336 | $244,221 | — | — | $63,466 |
About Industry Advancement Fund Inc
Based on IRS filings
Industry Advancement Fund Inc is a public charity, based in Southlake, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.8M in total assets. In 2025, it awarded 1 grant totaling $102K. Net investment income was $61K.
Leadership & Key People
Officers and directors from IRS filings
Industry Advancement Fund Inc's 2025 filing lists 5 officers; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
A. Roy Kern Jr.
Trustee
On filings since 2019
8 hrs/week
No compensation reported
Mike Hayes
Trustee
On filings since 2019
8 hrs/week
No compensation reported
Tom Armour
Trustee
On filings since 2019
8 hrs/week
No compensation reported
Lance Kitchens
Trustee
On filings since 2020
8 hrs/week
No compensation reported
Bo Walker
Trustee
New on the 2025 filing
8 hrs/week
No compensation reported
Former officers (3)
- Former: Bruce Long (2019–2024) — Trustee
- Former: Jim Maxwell (2019) — Trustee
- Former: Ty Savage (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Industry Advancement Fund Inc
How much does Industry Advancement Fund Inc give each year?
Industry Advancement Fund Inc gave $102K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is Industry Advancement Fund Inc?
Industry Advancement Fund Inc reported $1.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $101K.
Where does Industry Advancement Fund Inc operate?
Industry Advancement Fund Inc has awarded grants in Texas.
What is Industry Advancement Fund Inc's EIN?
Industry Advancement Fund Inc's EIN (Employer Identification Number) is 75-2086648. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS August 13, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS February 3, 2020)
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Industry Advancement Fund Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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