Totals
- Total revenue
- $3,949,703
- Total expenses
- $1,332,606
- Contributions and grants received
- $3,943,835
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $5,868
- Other revenue
- $0
- Total assets, end of year
- $3,205,567
- Total liabilities, end of year
- $384,021
- Net assets or fund balances, end of year
- $2,821,546
- Program services expenses (Part IX)
- $1,246,760
- Management and general expenses
- $85,846
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,246,760
Program services were 93.6% 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
$3,943,835
-
3 · Investment income
total $5,868 · related or exempt $5,868
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $111,941 · program services $100,747 · management and general $11,194
-
7 · Other salaries and wages
total $96,865 · program services $96,865
-
11b · Fees: legal
total $18,678 · program services $18,678
-
11c · Fees: accounting
total $12,083 · management and general $12,083
-
11f · Fees: investment management
total $229,420 · program services $229,420
-
13 · Office expenses
total $11,743 · management and general $11,743
-
16 · Occupancy
total $5,100 · management and general $5,100
-
19 · Conferences, conventions and meetings
total $25,961 · management and general $25,961
-
23 · Insurance
total $19,765 · management and general $19,765
-
24a · Other expenses: GRANT AWARDS
total $801,050 · program services $801,050
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $219,983 · end of year $3,205,142
-
15 · Other assets
beginning of year $425 · end of year $425
-
17 · Accounts payable and accrued expenses
beginning of year $15,959 · end of year $384,021
-
27 · Net assets without donor restrictions
beginning of year $204,449 · end of year $77,420
-
28 · Net assets with donor restrictions
end of year $2,744,126
Mission and programs · 2022
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 $1,246,760
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
ANDREW CROSSON
EXECUTIVE DI
- Total calculated
- $111,941
- From this org
- $111,941
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
KEVIN DICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MICHELLE FOSTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ALEX GIBSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
EARL GOHL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
KAREN JACOBSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
SARA MORGAN
BOARD TREASU
- Total calculated
- $0
- Hours/week
- 2
-
SCOTT MCREYNOLDS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
DEBBIE PHILLIPS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
KERRY PIGMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
BILL POLLARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
STEPHANIE RANDOLPH
BOARD SECRET
- Total calculated
- $0
- Hours/week
- 2
-
BILL SHELTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
STEPHANIE TYREE
BOARD PRESID
- Total calculated
- $0
- Hours/week
- 2
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
- 2022
- Filed
- 3 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303099349300255
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