Form 990 for tax year 2023

Totals

Total revenue

$6,500

Total expenses

$10,008

Contributions and grants received

$6,500

Grants paid

$0

Program service revenue

$0

Investment income

$0

Other revenue

$0

Total assets, end of year

$273,759

Total liabilities, end of year

$266,667

Net assets or fund balances, end of year

$7,092

Program services expenses (Part IX)

$8,507

Management and general expenses

$1,501

Fundraising expenses

$0

Program service expenses (Part III)

$8,507

Program services were 85.0% 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.

Mission and programs · 2023

• 2023 WAS A BIG YEAR FOR ACC. FOUNDED IN 2013, THE ORGANIZATION CELEBRATED TEN YEARS OF MAKING SMALL BUSINESSES ITS MISSION, WITH MEMBERSHIP GROWING TO 34 MEMBERS. SINCE 2015, WHEN IT FIRST BEGAN LENDING, ACC HAS LEVERAGED $41.5 MILLION AND DEPLOYED $36 MILLION IN LOANS TO ACC MEMBERS. IN 2023, ACC LENT $8M TO MEMBERS WHO FINANCED 40 LOANS; 55% OF THE LOANS WERE MADE TO SMALL BUSINESSES OWNED BY WOMEN OR PERSONS OF COLOR.ACC RECEIVED A $1.5 MILLION GRANT FROM THE APPALACHIAN REGIONAL COMMISSION TO CONTINUE THE SUCCESSFUL OPPORTUNITY APPALACHIA TECHNICAL ASSISTANCE PROGRAM. SINCE 2020, ACC HAS SUPPORTED 58 PROJECTS THAT SEEK TO RAISE $471MM IN FINANCING AND CREATE 2,700 QUALITY JOBS. INVESTMENT PRIORITIES INCLUDE DOWNTOWN DEVELOPMENT, HOUSING, MANUFACTURING, IT, HEALTHCARE, EDUCATION, FOOD SYSTEMS, RENEWABLE ENERGY, AND HERITAGE TOURISM AND RECREATION PRIMARILY IN RURAL COMMUNITIES.ALSO, ACC LAUNCHED A DATA ANALYTICS PILOT PROJECT TO INCREASE REGIONAL CDFIS' SUPPORT SMALL BUSINESS OWNERS OF COLOR AND RURAL BUSINESSES IN WESTERN NORTH CAROLINA.ACC DISTRIBUTED $1 MILLION THROUGH THE VETERAN LOAN FUND, AND IT JOINED FORCES WITH A NATIONAL NON-PROFIT TO BEGIN RAISING $25 MILLION TO BRIDGE THE DIGITAL DIVIDE THROUGHOUT APPALACHIA. AS THE YEAR ENDED, ACC JOINED FORCES WITH REGIONAL AND NATIONAL PARTNERS TO APPLY FOR THE CLEAN COMMUNITIES INVESTMENT ACCELERATOR, PART OF THE U.S. ENVIRONMENTAL PROTECTION AGENCY'S HISTORIC $27 BILLION GREENHOUSE GAS REDUCTION FUND. THIS ACTION MARKED THE EXPANSION OF ACC'S MISSION TO INCREASE ACCESS TO CAPITAL FOR THE RAPID DEPLOYMENT OF LOW- AND ZERO- EMISSION PRODUCTS, TECHNOLOGIES, AND SERVICES AND TO CREATE MEANINGFUL ECONOMIC OPPORTUNITY IN ENERGY COMMUNITIES.

  Expenses $8,507

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

No itemized grants to organizations on this return.

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.

• APPALACHIAN COMMUNITY CAPITAL CORPORATION

  501(C)(4) · AID COMMUNITY/ECONOMIC DEVELOPMENT IN APPALACHIA · VA

Provenance

Return type

form_990

Tax year

2023

Filed

2 August 2024

IRS schema version

2023v5.1

Source object

202432609349300948

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