Urban Advancement Corporation
Urban Advancement Corporation is a private foundation focused on Community Improvement & Capacity Building, based in NEWPORT NEWS, VA. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $89K in total assets. In 2021, it awarded 1 grants totaling $5K.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
$89K
+4.0% YoY
Annual Giving
$5K
-41.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$5K
-41.1% YoY
Under IRS private-foundation payout rules, Urban Advancement Corporation reported a distributable amount of $54 for 2021 — the minimum it must pay out in qualifying distributions.
About Urban Advancement Corporation
Based on IRS filings
Urban Advancement Corporation is a private foundation focused on Community Improvement & Capacity Building, based in NEWPORT NEWS, VA. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $89K in total assets. In 2021, it awarded 1 grants totaling $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2021 | 2020 |
|---|---|---|
| Total Assets | $89,304 | $85,899 |
| Revenue | $47,168 | $50,154 |
| Expenses | $63,994 | $41,923 |
| Qualifying Distributions | $4,500 | — |
| Net Investment Income | — | — |
| Distributable Amount | $54 | $69 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2021
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2021 grants, the largest include Restoration Kingdom Church ($4,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Restoration Kingdom Church Portsmouth, VA | Donation to Qualified Organization | $4,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2021 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Felton Hawkins | President | 20 | — |
| Frances Tillman | Treasurer | 15 | — |
| Janelle Minns | Secretary | 15 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Urban Advancement Corporation?
Urban Advancement Corporation is a private foundation focused on Community Improvement & Capacity Building, based in NEWPORT NEWS, VA. It holds $89K in total assets as of 2021.
How large is Urban Advancement Corporation?
As of 2021, Urban Advancement Corporation holds $89K in total assets with $47K in annual revenue. It awarded 1 grants totaling $5K in 2021.
Where does Urban Advancement Corporation operate?
Urban Advancement Corporation has awarded grants in Virginia.
What size grants does Urban Advancement Corporation award?
In 2021, Urban Advancement Corporation awarded 1 grants totaling $5K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Urban Advancement Corporation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Urban Advancement Corporation reported a distributable amount of $54 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Urban Advancement Corporation's EIN?
Urban Advancement Corporation's EIN (Employer Identification Number) is 74-3044117. IRS Form 990 filing data is available on this page for 2020–2021.
Explore Open Grants
Browse active grant opportunities in Urban Advancement Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.