Appalachian Partnership Inc

Organization Overview

Appalachian Partnership Inc, operating under the name Appalachian Partnership For Economic Growth, is located in Logan, OH. The organization was established in 2012. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Appalachian Partnership For Economic Growth employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Partnership For Economic Growth is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Appalachian Partnership For Economic Growth generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER ENDURING, WIDELY SHARED PROSPERITY ACROSS APPALACHIAN OHIO BY HELPING BUILD THE REGIONS PRIVATE SECTOR BUSINESS ECONOMY AND WORK WITH BANKS AND REVOLVING LOAN FUNDS AS AN ADDITIONAL OR ALTERNATE FUNDING SOURCE FOR SMALL BUISNESS PROJECTS IN OHIO'S APPALACHIAN-DESIGNATED COUNTIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUSINESS DEVELOPMENT - APEG, DBA OHIO SOUTHEAST, SERVES AS THE JOBSOHIO REGIONAL PARTNER IN EASTERN AND SOUTHERN OHIO. SINCE 2011, OHIO SOUTHEAST IS THE SINGLE POINT OF ENTRY INTO 25 OF THE 32 APPALACHIAN OHIO COUNTIES FOR JOBSOHIO. THE PURPOSE IS TO DRIVE JOB CREATION AND NEW CAPITAL INVESTMENT IN OHIO THROUGH BUSINESS ATTRACTION, RETENTION, AND EXPANSION EFFORTS.


ACCESS TO CAPITAL FOR SMALL BUSINESS DEVELOPMENT - IN 2017, APPALACHIAN PARTNERSHIP, INC. ESTABLISHED A SINGLE MEMBER LLC SUBSIDIARY, APPALACHIAN GROWTH CAPITAL, TO ADDRESS GAPS IN ACCESS TO CREDIT FOR SMALL BUSINESSES. AGC WAS FORMED TO BECOME A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION AS DEFINED BY THE US DEPT. OF THE TREASURY.


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Board, Officers & Key Employees

Name (title)Compensation
Alan Stockmeister
Director
$0
Amy Koscielak
Director
$0
Bryan Stepp
Director
$0
Chuck Sulerzyski
Director
$0
Craig Butler
Director
$0
David Willhelm
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,638,366
All other contributions, gifts, grants, and similar amounts not included above$620,829
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,259,195
Total Program Service Revenue$4,286
Investment income $189,951
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,453,432

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