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Nonprofiteer
← CV APPALACHIAN CDE INC

Form 990 for tax year 2022

Filed by CV APPALACHIAN CDE INC.

Totals

Total revenue
$364,479
Total expenses
$136,160
Contributions and grants received
$90,382
Grants paid
$44,416
Program service revenue
$274,083
Investment income
$14
Other revenue
$0
Total assets, end of year
$3,038,636
Total liabilities, end of year
$1,027
Net assets or fund balances, end of year
$3,037,609
Program services expenses (Part IX)
$124,435
Management and general expenses
$11,725
Fundraising expenses
$0
Program service expenses (Part III)
$124,435

Program services were 91.4% 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)

    $90,382

  • 2a · Program service revenue: MANAGEMENT FEES

    total $274,083 · related or exempt $274,083

  • 3 · Investment income

    total $14 · excluded $14

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,416 · program services $44,416

  • 11b · Fees: legal

    total $4,960 · program services $4,960

  • 11c · Fees: accounting

    total $11,725 · management and general $11,725

  • 13 · Office expenses

    total $151 · program services $151

  • 17 · Travel

    total $8,761 · program services $8,761

  • 19 · Conferences, conventions and meetings

    total $2,538 · program services $2,538

  • 24a · Other expenses: CONTRACT LABOR

    total $38,896 · program services $38,896

  • 24b · Other expenses: CONSULTING FEES

    total $20,000 · program services $20,000

  • 24c · Other expenses: BANK FEES

    total $2,683 · program services $2,683

  • 24d · Other expenses: TRAINING

    total $2,030 · program services $2,030

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,805,804 · end of year $3,028,668

  • 4 · Accounts receivable

    beginning of year $4,613 · end of year $2,171

  • 9 · Prepaid expenses and deferred charges

    end of year $1,969

  • 12 · Investments: other securities

    beginning of year $5,822 · end of year $5,828

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,950 · end of year $1,027

  • 27 · Net assets without donor restrictions

    beginning of year $2,809,289 · end of year $3,037,609

Mission and programs · 2022

Mission

TO ASSIST COMMUNITY VENTURES CORPORATION IN ENGAGING ECONOMIC DEVELOPMENT BY REVITALIZING COMMUNITIES THAT ARE CHARACTERIZED AS SEVERELY ECONOMICALLY DISTRISSED.

  • ENGAGING ECONOMIC DEVELOPMENT IN SEVERELY ECONOMICALLY DISTRESSED AREAS THROUGH STRATEGIC INVESTMENTS OF NEW MARKETS TAX CREDITS ALLOCATED FROM THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND.

    Expenses $124,435 · Grants $44,416 · Revenue $274,083

As filed on the 2022 return.

Listed in Part VII

  • KEVIN SMITH

    PRESIDENT

    Total calculated
    $307,722
    From this org
    $0
    From related orgs
    $239,533
    Other
    $68,189
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,533 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $68,189 related
    Filer's total
    $0 + $307,722 related

  • REVEREND FRED MITCHELL

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RAYMOND DANIELS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARILYNN PAYSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LARRY JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

None.

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

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202343199349302304

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