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Nonprofiteer
← APPALACHIAN CENTER FOR ECONOMIC NETWORKS INC

Form 990 for tax year 2022

Filed by APPALACHIAN CENTER FOR ECONOMIC NETWORKS INC.

Totals

Total revenue
$1,209,382
Total expenses
$1,455,272
Contributions and grants received
$485,298
Grants paid
$0
Program service revenue
$724,084
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,992,613
Total liabilities, end of year
$492,966
Net assets or fund balances, end of year
$2,499,647
Program services expenses (Part IX)
$1,353,441
Management and general expenses
$101,831
Fundraising expenses
$0
Program service expenses (Part III)
$1,353,441

Program services were 93.0% 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)

    $334,274

  • 1f · All other contributions, gifts and grants

    $151,024

  • 2a · Program service revenue: INCUBATOR SERVICES

    total $385,182 · related or exempt $385,182

  • 2b · Program service revenue: PASS THROUGH

    total $253,442 · related or exempt $253,442

  • 2c · Program service revenue: CONSULTING

    total $85,425 · related or exempt $85,425

  • 2d · Program service revenue: OTHER

    total $35 · related or exempt $35

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $79,600 · program services $70,579 · management and general $9,021

  • 7 · Other salaries and wages

    total $405,260 · program services $367,850 · management and general $37,410

  • 8 · Pension plan contributions

    total $7,512 · program services $6,119 · management and general $1,393

  • 9 · Other employee benefits

    total $122,734 · program services $104,590 · management and general $18,144

  • 10 · Payroll taxes

    total $40,081 · program services $36,233 · management and general $3,848

  • 11c · Fees: accounting

    total $12,262 · management and general $12,262

  • 11g · Fees: other

    total $266,013 · program services $266,013

  • 13 · Office expenses

    total $18,217 · program services $16,142 · management and general $2,075

  • 17 · Travel

    total $11,973 · program services $9,616 · management and general $2,357

  • 20 · Interest

    total $12,891 · program services $12,891

  • 22 · Depreciation, depletion and amortization

    total $176,915 · program services $176,915

  • 24a · Other expenses: OTHERUTILITIESREPAIRS ETC

    total $233,923 · program services $219,982 · management and general $13,941

  • 24b · Other expenses: OTHER PROGRAM EXPENSES

    total $21,099 · program services $21,099

  • 24c · Other expenses: FACILITY

    total $42,597 · program services $42,597

  • 24d · Other expenses: SUPPLIES

    total $3,874 · program services $2,815 · management and general $1,059

  • 24e · All other expenses

    total $321 · management and general $321

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $225,759 · end of year $111,501

  • 3 · Pledges and grants receivable

    beginning of year $195,600 · end of year $98,173

  • 4 · Accounts receivable

    beginning of year $11,657 · end of year $36,521

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,570 · end of year $9,917

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

    $5,534,321

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

    $2,802,427

  • 10c · Land, buildings and equipment, net

    beginning of year $2,870,368 · end of year $2,731,894

  • 15 · Other assets

    beginning of year $5,155 · end of year $4,607

  • 17 · Accounts payable and accrued expenses

    beginning of year $65,713 · end of year $15,718

  • 23 · Secured mortgages and notes payable

    beginning of year $415,503 · end of year $393,715

  • 25 · Other liabilities

    beginning of year $90,357 · end of year $83,533

  • 27 · Net assets without donor restrictions

    beginning of year $1,093,885 · end of year $847,996

  • 28 · Net assets with donor restrictions

    beginning of year $1,651,651 · end of year $1,651,651

Mission and programs · 2022

Mission

THE ORGANIZATION IS A COMMUNITY BASED ECONOMIC DEVELOPMENT ENTITY SERVING THE 32 COUNTIES OF APPALACHIA OHIO. ITS MISSION IS TO BUILD THE CAPACITY OF APPALACHIAN COMMUNITIES TO NETWORK, WORK TOGETHER AND INNOVATE TO CREATE A DYNAMIC SUSTAINABLE REGIONAL ECONOMY.

  • THE ORGANIZATION PROVIDED SPACE FOR OVER 45 SMALL BUSINESSES. IT ALSO PROVIDED TRAINING AND TECHNICAL EXPERTISE TO A BROAD RANGE OF SMALL BUSINESSES AND FARMERS.

    Expenses $1,353,441 · Revenue $1,209,382

As filed on the 2022 return.

Listed in Part VII

  • Larry Fisher

    EXECUTIVE DIRECTOR

    Total calculated
    $81,988
    From this org
    $79,600
    From related orgs
    $0
    Other
    $2,388
    Hours/week
    40

  • Sky Pettey

    BD TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Sarah Milligan

    BD TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Katie Mosher

    BD TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Erin Rennich

    BD TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Carrie Arnold

    BD TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Sean Terrell

    BD TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Mollie Fitzgerald

    BD TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Cale Burke

    BD TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Laurie McKnight

    BD TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Paul Mass

    BD TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303189349302600

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