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← APPALACHIAN OPPORTUNITY FUND

Form 990 for tax year 2024

Filed by APPALACHIAN OPPORTUNITY FUND.

What the amendment changed

Compared with the return it replaced , filed 13 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Program services expenses
$150,135 changed to $332,337
Management and general expenses
$253,299 changed to $60,745
Fundraising expenses
$9,546 changed to $19,898
Program service expenses (Part III)
$150,135 changed to $332,337

Listed only on the later return

  • Beth McConkey

Totals

Total revenue
$374,597
Total expenses
$412,980
Contributions and grants received
$318,195
Grants paid
$0
Program service revenue
$55,829
Investment income
$573
Other revenue
$0
Total assets, end of year
$103,214
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$103,214
Program services expenses (Part IX)
$332,337
Management and general expenses
$60,745
Fundraising expenses
$19,898
Program service expenses (Part III)
$332,337

Program services were 80.5% 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.

  • 1e · Government grants (contributions)

    $224,450

  • 1f · All other contributions, gifts and grants

    $93,745

  • 2a · Program service revenue: FEE REVENUE

    total $55,829 · related or exempt $55,829

  • 3 · Investment income

    total $573 · related or exempt $573

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $328,773 · program services $277,851 · management and general $39,894 · fundraising $11,028

  • 9 · Other employee benefits

    total $95 · management and general $95

  • 10 · Payroll taxes

    total $25,151 · program services $21,255 · management and general $3,052 · fundraising $844

  • 11b · Fees: legal

    total $2,105 · management and general $2,105

  • 12 · Advertising and promotion

    total $3,842 · management and general $3,185 · fundraising $657

  • 13 · Office expenses

    total $4,871 · program services $3,690 · management and general $594 · fundraising $587

  • 16 · Occupancy

    total $100 · fundraising $100

  • 17 · Travel

    total $8,255 · program services $8,255

  • 22 · Depreciation, depletion and amortization

    total $2,685 · management and general $2,685

  • 23 · Insurance

    total $4,044 · management and general $4,044

  • 24a · Other expenses: CLIENT LOAN PAYOFF EXPENS

    total $10,424 · program services $10,424

  • 24b · Other expenses: MEALS

    total $5,894 · management and general $182 · fundraising $5,712

  • 24c · Other expenses: PROFESSIONAL DEVELOPMENT

    total $3,031 · program services $2,513 · management and general $518

  • 24d · Other expenses: MEMBERSHIP FEES

    total $2,520 · program services $350 · management and general $1,200 · fundraising $970

  • 24e · All other expenses

    total $11,190 · program services $7,999 · management and general $3,191

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,624 · end of year $97,646

  • 4 · Accounts receivable

    end of year $1,117

  • 7 · Other notes and loans receivable

    beginning of year $423 · end of year $100

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

    $21,036

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

    $16,685

  • 10c · Land, buildings and equipment, net

    beginning of year $3,355 · end of year $4,351

  • 25 · Other liabilities

    beginning of year $692

  • 31 · Retained earnings, endowment or other funds

    beginning of year $127,710 · end of year $103,214

Mission and programs · 2024

Mission

TO IMPROVE FINANCIAL HEALTH OF ASSET-LIMITED, INCOME-CONSTRAINED PEOPLE IN NORTHEAST TENNESSEE, SOUTHEAST KENTUCKY, AND SOUTHWEST VIRGINIA; TO ENSURE AVAILABILITY AND DEVELOPMENT OF AFFORDABLE HOUSING TO LOW-TO-MODERATE INCOME HOUSEHOLDS IN NORTHEAST TENNESSEE, SOUTHEAST KENTUCKY, AND SOUTHWEST VIRGINIA; AND TO ALLEVIATE POVERTY AND COMBAT COMMUNITY DETERIORATION IN NORTHEAST TENNESSEE, SOUTHEAST KENTUCKY, AND SOUTHWEST VIRGINIA.

  • TO IMPROVE FINANCIAL HEALTH OF ASSET-LIMITED, INCOME-CONSTRAINED PEOPLE IN NORTHEAST TENNESSEE, SOUTHEAST KENTUCKY, AND SOUTHWEST VIRGINIA; TO ENSURE AVAILABILITY AND DEVELOPMENT OF AFFORDABLE HOUSING TO LOW-TO-MODERATE INCOME HOUSEHOLDS IN NORTHEAST TENNESSEE, SOUTHEAST KENTUCKY, AND SOUTHWEST VIRGINIA; AND TO ALLEVIATE POVERTY AND COMBAT COMMUNITY DETERIORATION IN NORTHEAST TENNESSEE, SOUTHEAST KENTUCKY, AND SOUTHWEST VIRGINIA.

    Expenses $332,337 · Revenue $55,829

  • TO IMPROVE FINANCIAL HEALTH OF ASSET-LIMITED, INCOME-CONSTRAINED PEOPLE IN NORTHEAST TENNESSEE, SOUTHEAST KENTUCKY, AND SOUTHWEST VIRGINIA; TO ENSURE AVAILABILITY AND DEVELOPMENT OF AFFORDABLE HOUSING TO LOW-TO-MODERATE INCOME HOUSEHOLDS IN NORTHEAST TENNESSEE, SOUTHEAST KENTUCKY, AND SOUTHWEST VIRGINIA; AND TO ALLEVIATE POVERTY AND COMBAT COMMUNITY DETERIORATION IN NORTHEAST TENNESSEE, SOUTHEAST KENTUCKY, AND SOUTHWEST VIRGINIA.

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

Listed in Part VII

  • Victoria Hewlett

    EXECUTIVE DI

    Total calculated
    $68,100
    From this org
    $68,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $68,100
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $68,100

  • Chad Covert

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Andy Didyk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aaron Duffy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Edmisten

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jesse Green

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rachel Irwin

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Eric Kao

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leya Martinez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Beth McConkey

    EXECUTIVE DI

    Total calculated
    $0

  • Abraham McIntyre

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202533249349300528

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