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Nonprofiteer
← INVEST APPALACHIA INC

Form 990 for tax year 2024

Filed by INVEST APPALACHIA INC.

Totals

Total revenue
$4,550,890
Total expenses
$2,279,313
Contributions and grants received
$2,953,788
Grants paid
$0
Program service revenue
$1,485,819
Investment income
$111,283
Other revenue
$0
Total assets, end of year
$5,396,750
Total liabilities, end of year
$726,713
Net assets or fund balances, end of year
$4,670,037
Program services expenses (Part IX)
$2,200,175
Management and general expenses
$79,138
Fundraising expenses
$0
Program service expenses (Part III)
$2,200,175

Program services were 96.5% 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.

  • 1f · All other contributions, gifts and grants

    $2,953,788

  • 2a · Program service revenue: INVESTMENT PROGRAMS

    total $1,485,819 · related or exempt $1,485,819

  • 3 · Investment income

    total $111,283 · related or exempt $111,283

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $424,660 · program services $403,427 · management and general $21,233

  • 11f · Fees: investment management

    total $711,075 · program services $711,075

  • 13 · Office expenses

    total $19,855 · management and general $19,855

  • 19 · Conferences, conventions and meetings

    total $57,987 · program services $34,792 · management and general $23,195

  • 24a · Other expenses: GRANT AWARDS

    total $1,045,929 · program services $1,045,929

  • 24b · Other expenses: ADMINISTRATIVE EXPENSE

    total $19,807 · program services $4,952 · management and general $14,855

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,017,301 · end of year $4,776,917

  • 4 · Accounts receivable

    beginning of year $2,562 · end of year $619,408

  • 15 · Other assets

    beginning of year $425 · end of year $425

  • 17 · Accounts payable and accrued expenses

    beginning of year $621,828 · end of year $726,713

  • 27 · Net assets without donor restrictions

    beginning of year -$233,360 · end of year $113,857

  • 28 · Net assets with donor restrictions

    beginning of year $2,631,820 · end of year $4,556,180

Mission and programs · 2024

Mission

INVEST APPALACHIA (IA) IS A REGIONAL IMPACT INVESTMENT PLATFORM DESIGNED BY AND FOR THE PEOPLE OF CENTRAL APPALACHIA. IA PROVIDES BLENDED INVESTMENT CAPITAL TO STRENGTHEN BUSINESS OPPORTUNITIES, BUILD EQUITABLE LOCAL WEALTH, ADVANCE CRITICAL SECTORS, AND INCREASE QUALITY OF LIFE FOR EVERYONE IN CENTRAL APPALACHIA. IA WAS INITIATED THROUGH THE APPALACHIA FUNDERS NETWORK AND DEVELOPED BY A COLLABORATIVE GROUP OF REGIONAL LEADERS REPRESENTING CDFIS, PUBLIC AND PRIVATE PHILANTHROPIC ENTITIES, LOCAL INSTITUTIONS, AND COMMUNITY ORGANIZATIONS.

  • INVEST APPALACHIA AIMS TO CHANGE THE RELATIONSHIP BETWEEN COMMUNITIES AND CAPITAL. WE ARE COMMITTED TO A STRATEGY THAT TAKES THE BEST OF IMPACT INVESTING AND MAKES IT WORK FOR APPALACHIA - PUTTING IMPACT FIRST. INVEST APPALACHIA SUPPORTS ECONOMIC DIVERSIFICATION AND MARKET GROWTH THAT IS LOCALLY-ROOTED, INCLUSIVE, AND SUSTAINABLE, WHILE INCREASING THE REGIONS OVERALL CAPACITY AND INVESTABILITY. AND WE ARE COMMITTED TO A PROCESS AND STRUCTURE THAT IS ROOTED IN OUR FOUNDING VALUES: PARTICIPATORY, DEMOCRATIC, AND TRANSPARENT, WITH A FOCUS ON INCREASING RACIAL, GENDER, & SOCIOECONOMIC EQUITY, ECONOMIC SELF- SUFFICIENCY, AND LOCAL WEALTH-BUILDING.

    Expenses $2,200,175

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

Listed in Part VII

  • Zurilma Anuel

    BOARD MEMBER

    Total calculated
    $0

  • Andrew Crosson

    EXECUTIVE DI

    Total calculated
    $0

  • Michelle Foster

    BOARD MEMBER

    Total calculated
    $0

  • Earl Gohl

    BOARD MEMBER

    Total calculated
    $0

  • Karen Jacobson

    BOARD MEMBER

    Total calculated
    $0

  • Sara Morgan

    BOARD TREASU

    Total calculated
    $0

  • Scott McReynolds

    BOARD MEMBER

    Total calculated
    $0

  • Debbie Phillips

    BOARD MEMBER

    Total calculated
    $0

  • Kerry Pigman

    BOARD MEMBER

    Total calculated
    $0

  • Bill Pollard

    BOARD MEMBER

    Total calculated
    $0

  • Stephanie Randolph

    BOARD PRESID

    Total calculated
    $0

  • Bill Shelton

    BOARD MEMBER

    Total calculated
    $0

  • Stephanie Tyree

    BOARD SECRET

    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
15 July 2025
IRS schema version
2024v5.0
Source object
202611279349300936

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