Form 990 for tax year 2024

Filed by SHAPING OUR APPALACHIAN REGION INC.

Totals

Total revenue: $6,842,796
Total expenses: $6,345,260
Contributions and grants received: $6,325,655
Grants paid: $0
Program service revenue: $208,372
Investment income: $0
Other revenue: $308,769
Total assets, end of year: $7,314,796
Total liabilities, end of year: $3,271,993
Net assets or fund balances, end of year: $4,042,803
Program services expenses (Part IX): $5,677,564
Management and general expenses: $564,732
Fundraising expenses: $102,964
Program service expenses (Part III): $5,677,564

Program services were 89.5% 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)

$6,104,247
1f · All other contributions, gifts and grants

$221,408
1g · Noncash contributions included above

$221,408
2a · Program service revenue: SUMMIT SPONSORSHIPS

total $124,955 · related or exempt $124,955
2b · Program service revenue: REGISTRATION FEES

total $50,423 · related or exempt $50,423
2c · Program service revenue: OTHER

total $32,994 · related or exempt $32,994
11a · Other revenue: OTHER

total $308,769 · related or exempt $308,769
11e · Other revenue, total

$308,769

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $1,412,315 · program services $1,214,557 · management and general $128,424 · fundraising $69,334
9 · Other employee benefits

total $477,831 · program services $341,271 · management and general $112,134 · fundraising $24,426
12 · Advertising and promotion

total $34,588 · program services $22,482 · management and general $8,647 · fundraising $3,459
13 · Office expenses

total $358,612 · program services $223,980 · management and general $134,632
17 · Travel

total $126,950 · program services $106,843 · management and general $14,362 · fundraising $5,745
22 · Depreciation, depletion and amortization

total $24,272 · program services $11,000 · management and general $13,272
24a · Other expenses: NACCE, ANTHEM, & TECH COU

total $2,790,025 · program services $2,790,025
24b · Other expenses: PROFESSIONAL FEES

total $443,757 · program services $391,799 · management and general $51,958
24c · Other expenses: SUMMIT/FUTURES FORUM

total $302,247 · program services $302,247
24d · Other expenses: IN-KIND EXPENSE

total $221,408 · program services $129,703 · management and general $91,705
24e · All other expenses

total $153,255 · program services $143,657 · management and general $9,598

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $3,695,027 · end of year $4,889,080
3 · Pledges and grants receivable

beginning of year $832,385 · end of year $1,594,517
8 · Inventories for sale or use

beginning of year $3,293 · end of year $6,385
9 · Prepaid expenses and deferred charges

beginning of year $40,114 · end of year $12,572
10a · Land, buildings and equipment: cost or other basis

$511,260
10b · Land, buildings and equipment: accumulated depreciation

$215,931
10c · Land, buildings and equipment, net

beginning of year $41,064 · end of year $295,329
11 · Investments: publicly traded securities

end of year $516,913
17 · Accounts payable and accrued expenses

beginning of year $1,066,616 · end of year $2,867,065
25 · Other liabilities

end of year $404,928
27 · Net assets without donor restrictions

beginning of year $3,545,267 · end of year $4,042,803

Mission and programs · 2024

Mission

SHAPING OUR APPALACHIAN REGION, INC. ("SOAR"), A NONPROFIT ORGANIZATION, WAS CREATED WITH THE PRIMARY PURPOSE TO ADVANCE AND PROMOTE A RESILIENT AND DIVERSE EASTERN KENTUCKY ECONOMY BY PROVIDING LEADERSHIP, VISION, AND COLLABORATIVE PARTNERSHIPS TO SUPPORT INNOVATIVE REGIONAL PRACTICES AND ENHANCE PUBLIC AND PRIVATE INVESTMENTS IN AREAS SUCH AS JOB CREATION, ENTREPRENEURSHIP, TOURISM, EDUCATIONAL AND LIFELONG LEARNING, HEALTH AND WELLNESS, ARTS AND HERITAGE, AND SUSTAINABLE AGRICULTURAL PRACTICES AND FOOD SYSTEMS.

SHAPING OUR APPALACHIAN REGION, INC. ("SOAR"), A NONPROFIT ORGANIZATION, WAS CREATED WITH THE PRIMARY PURPOSE TO ADVANCE AND PROMOTE A RESILIENT AND DIVERSE EASTERN KENTUCKY ECONOMY BY PROVIDING LEADERSHIP, VISION, AND COLLABORATIVE PARTNERSHIPS TO SUPPORT INNOVATIVE REGIONAL PRACTICES AND ENHANCE PUBLIC AND PRIVATE INVESTMENTS IN AREAS SUCH AS JOB CREATION, ENTREPRENEURSHIP, TOURISM, EDUCATIONAL AND LIFELONG LEARNING, HEALTH AND WELLNESS, ARTS AND HERITAGE, AND SUSTAINABLE AGRICULTURAL PRACTICES AND FOOD SYSTEMS.

Expenses $5,677,564

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

Listed in Part VII

ANDY BESHEAR

CO-CHAIR

Total calculated

$0
HAL ROGERS

CO-CHAIR

Total calculated

$0
ELMER WHITAKER

BOARD MEMBER

Total calculated

$0
JUDGE ALBEY BROCK

BOARD MEMBER

Total calculated

$0
JEAN HALE

BOARD MEMBER

Total calculated

$0
MIKE JOHNSON

BOARD MEMBER

Total calculated

$0
BARRY MARTIN

BOARD MEMBER

Total calculated

$0
KIM MCCANN

EXEC. CHAIR

Total calculated

$0
CHRIS DEATON

BOARD MEMBER

Total calculated

$0
STEPHEN FRAZIER

BOARD MEMBER

Total calculated

$0
DONOVAN BLACKBURN

TREASURER

Total calculated

$0
DAVID OSBORNE

EX OFFICIO

Total calculated

$0
SENATE PRESIDENT STIVERS

EX OFFICIO

Total calculated

$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: 2024
Filed: 4 February 2026
IRS schema version: 2024v5.0
Source object: 202640549349301209

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