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Nonprofiteer
← APPALACHIAN COMMUNITY CAPITAL CORPORATION

Form 990 for tax year 2024

Filed by APPALACHIAN COMMUNITY CAPITAL CORPORATION.

Totals

Total revenue
$6,174,804
Total expenses
$6,000,499
Contributions and grants received
$5,050,135
Grants paid
$0
Program service revenue
$0
Investment income
$1,098,450
Other revenue
$26,219
Total assets, end of year
$543,339,761
Total liabilities, end of year
$538,189,262
Net assets or fund balances, end of year
$5,150,499
Program services expenses (Part IX)
$4,848,027
Management and general expenses
$1,152,472
Fundraising expenses
$0
Program service expenses (Part III)
$4,848,027

Program services were 80.8% 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)

    $2,921,709

  • 1f · All other contributions, gifts and grants

    $2,128,426

  • 3 · Investment income

    total $1,098,450 · excluded $1,098,450

  • 11a · Other revenue: OTHER INCOME

    total $26,219 · related or exempt $26,219

  • 11e · Other revenue, total

    $26,219

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $550,166 · program services $467,641 · management and general $82,525

  • 7 · Other salaries and wages

    total $59,469 · program services $54,406 · management and general $5,063

  • 9 · Other employee benefits

    total $13,674 · program services $11,623 · management and general $2,051

  • 10 · Payroll taxes

    total $13,712 · program services $11,655 · management and general $2,057

  • 11b · Fees: legal

    total $46,572 · program services $41,478 · management and general $5,094

  • 11c · Fees: accounting

    total $41,811 · program services $27,875 · management and general $13,936

  • 11g · Fees: other

    total $3,065,005 · program services $2,127,786 · management and general $937,219

  • 12 · Advertising and promotion

    total $264 · program services $264

  • 13 · Office expenses

    total $5,012 · program services $4,260 · management and general $752

  • 14 · Information technology

    total $11,346 · program services $9,644 · management and general $1,702

  • 17 · Travel

    total $66,597 · program services $56,955 · management and general $9,642

  • 20 · Interest

    total $707,246 · program services $707,246

  • 22 · Depreciation, depletion and amortization

    total $1,195 · program services $1,016 · management and general $179

  • 23 · Insurance

    total $4,321 · program services $3,673 · management and general $648

  • 24a · Other expenses: PASSTHROUGH GRANT EXPEN

    total $1,097,000 · program services $1,097,000

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $87,103 · program services $74,373 · management and general $12,730

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total $81,000 · program services $81,000

  • 24d · Other expenses: DATA PROCESSING

    total $65,051 · program services $55,293 · management and general $9,758

  • 24e · All other expenses

    total $83,955 · program services $14,839 · management and general $69,116

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,203,628 · end of year $506,356,282

  • 3 · Pledges and grants receivable

    beginning of year $801,649 · end of year $1,092,713

  • 4 · Accounts receivable

    end of year $1,483,098

  • 7 · Other notes and loans receivable

    beginning of year $25,032,306 · end of year $32,151,415

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,848 · end of year $21,920

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

    $8,534

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

    $3,818

  • 10c · Land, buildings and equipment, net

    beginning of year $2,296 · end of year $4,716

  • 15 · Other assets

    beginning of year $61,432 · end of year $2,229,617

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,559 · end of year $2,054,852

  • 19 · Deferred revenue

    beginning of year $1,398,327 · end of year $503,265,045

  • 23 · Secured mortgages and notes payable

    beginning of year $22,603,112 · end of year $31,718,352

  • 25 · Other liabilities

    beginning of year $63,967 · end of year $1,151,013

  • 27 · Net assets without donor restrictions

    beginning of year $1,989,194 · end of year $2,163,499

  • 28 · Net assets with donor restrictions

    beginning of year $2,987,000 · end of year $2,987,000

Mission and programs · 2024

Mission

APPALACHIAN COMMUNITY CAPITAL'S (ACC) MISSION IS TO INCREASE SMALL BUSINESS LENDING BY PROVIDING APPALACHIAN MEMBER INSTITUTIONS THAT SERVE UNDERSERVED PEOPLE AND COMMUNITIES WITH NEW SOURCES OF CAPITAL. OUR WORK ENABLES RELIABLE AND SUFFICIENT CAPITAL FOR ALL OF ITS MEMBERS, LEADING TO A GROWING ECONOMY, INCREASED ENTREPRENEURSHIP, HIGHER QUALITY JOBS, AND INCREASED LOCAL WEALTH IN THE APPALACHIAN REGION.

Activities or mission (Part I)

AID COMMUNITY AND ECONOMIC DEVELOPMENT IN APPALACHIA.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $4,848,027 · Revenue $26,219

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Donna Gambrell

    PRESIDENT & CEO

    Total calculated
    $382,965
    From this org
    $382,965
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $382,965
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $382,965

  • Clinton B Gwin

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1.5 related

  • Marten Jenkins

    TREASURER

    Total calculated
    $0
    Hours/week
    3 + 1.5 related

  • Neill S Wright

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 1.5 related

  • Raymond Christman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 1.5 related

  • Clyde Cornett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 1.5 related

  • Grace Fricks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 1.5 related

  • Matt Raker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 1.5 related

  • Julia J Parker

    CHIEF LENDING OFFICER

    Total calculated
    $177,937
    From this org
    $167,200
    From related orgs
    $0
    Other
    $10,737
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,200
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,737
    Filer's total
    $177,937

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 · 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

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.

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.

  • GREEN BANK FOR APPALACHIA COAL AND ENERGY COMMUNITIES AND UNDERSERVED

    PROVIDE FUNDING FOR LOW- AND ZERO-EMISSION PRODUCTS · VA · income $346,983 · assets $1,239,914

    Directly controlled by APPALACHIAN COMMUNITY CAPITAL CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
29 September 2025
IRS schema version
2024v5.2
Source object
202522879349300122

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