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Nonprofiteer
← APPALACHIAN PARTNERSHIP INC

Form 990 for tax year 2024

Filed by APPALACHIAN PARTNERSHIP INC.

Totals

Total revenue
$2,379,217
Total expenses
$3,616,860
Contributions and grants received
$1,555,107
Grants paid
$1,440,507
Program service revenue
$71,167
Investment income
$255,963
Other revenue
$496,980
Total assets, end of year
$13,537,782
Total liabilities, end of year
$10,157,554
Net assets or fund balances, end of year
$3,380,228
Program services expenses (Part IX)
$3,254,139
Management and general expenses
$347,590
Fundraising expenses
$15,131
Program service expenses (Part III)
$3,254,139

Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,229,876

  • 1f · All other contributions, gifts and grants

    $325,231

  • 2a · Program service revenue: FEE INCOME

    total $71,167 · related or exempt $71,167

  • 3 · Investment income

    total $255,963 · excluded $255,963

  • 11a · Other revenue: MANAGEMENT FEE

    total $496,980 · related or exempt $496,980

  • 11e · Other revenue, total

    $496,980

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,440,507 · program services $1,440,507

  • 5 · Compensation of officers, directors and key employees

    total $298,012 · program services $268,211 · management and general $29,801

  • 7 · Other salaries and wages

    total $404,517 · program services $331,947 · management and general $61,668 · fundraising $10,902

  • 8 · Pension plan contributions

    total $37,728 · program services $32,231 · management and general $4,912 · fundraising $585

  • 9 · Other employee benefits

    total $123,616 · program services $105,603 · management and general $16,095 · fundraising $1,918

  • 10 · Payroll taxes

    total $111,206 · program services $95,001 · management and general $14,479 · fundraising $1,726

  • 11a · Fees: management

    total $39,804 · program services $39,804

  • 11b · Fees: legal

    total $18,195 · program services $12,967 · management and general $5,228

  • 11c · Fees: accounting

    total $28,300 · program services $17,378 · management and general $10,922

  • 11g · Fees: other

    total $86,239 · program services $16,130 · management and general $70,109

  • 12 · Advertising and promotion

    total $91,184 · program services $83,895 · management and general $7,289

  • 13 · Office expenses

    total $25,264 · program services $13,078 · management and general $12,186

  • 14 · Information technology

    total $14,795 · program services $4,419 · management and general $10,376

  • 16 · Occupancy

    total $72,492 · program services $56,672 · management and general $15,820

  • 17 · Travel

    total $40,824 · program services $38,056 · management and general $2,768

  • 19 · Conferences, conventions and meetings

    total $43,043 · program services $38,869 · management and general $4,174

  • 20 · Interest

    total $199,990 · program services $199,990

  • 22 · Depreciation, depletion and amortization

    total $7,646 · program services $3,823 · management and general $3,823

  • 23 · Insurance

    total $42,876 · management and general $42,876

  • 24a · Other expenses: SHARED SERVICES

    total $333,789 · program services $333,789

  • 24b · Other expenses: BAD DEBT

    total $49,339 · program services $29,107 · management and general $20,232

  • 24c · Other expenses: MISCELLANEOUS

    total $36,170 · program services $21,338 · management and general $14,832

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $34,192 · program services $34,192

  • 24e · All other expenses

    total $37,132 · program services $37,132

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,910,256 · end of year $4,293,927

  • 2 · Savings and temporary cash investments

    beginning of year $324,785 · end of year $343,392

  • 3 · Pledges and grants receivable

    beginning of year $1,190,946 · end of year $5,045

  • 4 · Accounts receivable

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $8,563,262 · end of year $8,776,076

  • 9 · Prepaid expenses and deferred charges

    beginning of year $107,064 · end of year $588

  • 10a · Land, buildings and equipment: cost or other basis

    $84,800

  • 10b · Land, buildings and equipment: accumulated depreciation

    $79,588

  • 10c · Land, buildings and equipment, net

    beginning of year $42,846 · end of year $5,212

  • 15 · Other assets

    beginning of year $159,880 · end of year $113,542

  • 17 · Accounts payable and accrued expenses

    beginning of year $567,626 · end of year $91,725

  • 23 · Secured mortgages and notes payable

    beginning of year $10,113,542 · end of year $10,065,829

  • 27 · Net assets without donor restrictions

    beginning of year $2,878,519 · end of year $2,398,177

  • 28 · Net assets with donor restrictions

    beginning of year $1,739,352 · end of year $982,051

Mission and programs · 2024

Mission

TO FOSTER ENDURING, WIDELY SPREAD PROSPERITY ACROSS APPALACHIAN OHIO BY HELPING BUILD THE REGION'S PRIVATE SECTOR BUSINESS ECONOMY AND WORK WITH BANKS AND REVOLVING LOAN FUNDS AS AN ADDITIONAL OR ALTERNATE FUNDING SOURCE FOR SMALL BUSINESS PROJECTS IN OHIO'S APPALACHIAN-DESIGNATED COUNTIES.

Activities or mission (Part I)

TO FOSTER ENDURING, WIDELY SHARED PROSPERITY ACROSS APPALACHIAN OHIO BY HELPING BUILD THE REGIONS PRIVATE SECTOR BUSINESS ECONOMY AND WORK WITH BANKS AND REVOLVING LOAN FUNDS AS AN ADDITIONAL OR ALTERNATE FUNDING SOURCE FOR SMALL BUSINESS PROJECTS IN OHIO'S APPALACHIAN-DESIGNATED COUNTIES.

  • BUSINESS DEVELOPMENT - THE APPALACHIAN PARTNERSHIP SERVES THE 32-OHIO FEDERALLY DESIGNATED COUNTIES, AND OUR PURPOSE IS TO DRIVE JOB CREATION, JOB RETENTION, AND NEW CAPITAL INVESTMENTS INTO THE REGION.

    Expenses $2,751,274 · Revenue $568,147

  • ACCESS TO CAPITAL FOR SMALL BUSINESS DEVELOPMENT - IN 2017, APPALACHIAN PARTNERSHIP, INC. ESTABLISHED A SINGLE MEMBER LLC SUBSIDIARY, APPALACHIAN GROWTH CAPITAL, TO ADDRESS GAPS IN ACCESS TO CREDIT FOR SMALL BUSINESSES. AGC WAS FORMED TO BECOME A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION AS DEFINED BY THE US DEPT. OF THE TREASURY.

    Expenses $502,865 · Grants $1,440,507

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Glenda Bumgarner

    CEO - API

    Total calculated
    $298,012
    From this org
    $298,012
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $268,211
    Bonus
    $29,801
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $298,012

  • Alan Stockmeister

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bryan Stepp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack McCoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry Kidd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tyler Wilcox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Cover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Archer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marjean Kennedy

    CHAIRPERSON - API & APEG

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • E CAPITAL PARTNERS LLC

    $437,592

    TRANSFER OF LOANS TO ENTREPRENEURS.

  • OHIOSE INC

    $353,395

    TO CONTRIBUTE NET ASSETS AND OPERATIONS OF A DISCONTINUED SEGMENT TO THIS NEWLY FORMED ENTITY.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • APPALACHIAN PARTNERSHIP FOR ECONOMIC GROWTH

    GROWTH OF ECONOMIC DEVELOPMENT AND EDUCATIONAL SERVICES OF APPALACHIAN OHIO · OH · income $0 · assets $0

    Directly controlled by APPALACHIAN PARTNERSHIP INC

  • APPALACHIAN GROWTH CAPITAL

    FUNDING SOURCES FOR SMALL BUSINESS PROJECTS IN OHIO'S APPALACHIAN COUNTIES · OH · income -$877,540 · assets $13,051,807

    Directly controlled by APPALACHIAN PARTNERSHIP INC

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523189349310197

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