Appalachian Partnership Inc
- Assets
- $13.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Logan, OH
- Founding
- 05/2012
- Data as of
- 12/2021
- EIN
- 45-3478053
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 12/2021, 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 12/2021, Appalachian Partnership For Economic Growth generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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.
INDUSTRY CLUSTER IMPROVEMENT - IN 2019, APPALACHIAN PARTNERSHIP INC. COMPLETED YEAR 4 OF A 5 YEAR RENEWABLE SBA REGIONAL INNOCATION CLUSTER (RIC) CONTRACT AND BEGAN YEAR 5. IMPLEMENTATIONS AND PROGRAM METRICS FOR YEAR 4 ENDED 9/17/2019 INCLUDE, IMPLEMENTATION OF DATABASE FOR SUPPLY CHAIN AND TECHNICAL ASSISTANCE TO COMPANIES IN THE WOOD INDUSTRY CLUSTERS.
3.) 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 AND WILL APPLY FOR CERTIFICATION WHEN IT MEETS ORGANIZATIONAL AND LENDING PREREQUISITES ESTABLISHED BY TREASURY'S CDFI FUND (CERTIFICATION ANTICIPATED IN 2020). DURING 2019, AGC'S EFFORTS FOCUSED IN LENDING AND CLIENT TECHNICAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Jacoby CEO - Apeg | Officer | 45 | $164,761 |
Glenda Bumgarner CEO - Api | Officer | 45 | $142,800 |
Katy Farber VP - Business Services | 45 | $108,512 | |
Harold E Looman Director | 45 | $103,677 | |
Marjean Kennedy Chairperson | OfficerTrustee | 1 | $0 |
Alan Stockmeister Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,539,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $528,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,067,637 |
| Total Program Service Revenue | $84,116 |
| Investment income | $204,286 |
| 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 | $3,356,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,893 |
| Compensation of current officers, directors, key employees. | $21,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,405,741 |
| Pension plan accruals and contributions | $82,357 |
| Other employee benefits | $116,875 |
| Payroll taxes | $127,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,919 |
| Fees for services: Accounting | $50,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $299,010 |
| Advertising and promotion | $155,894 |
| Office expenses | $49,366 |
| Information technology | $18,791 |
| Royalties | $0 |
| Occupancy | $54,216 |
| Travel | $57,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,753 |
| Interest | $217,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,384 |
| Insurance | $34,710 |
| All other expenses | $53,011 |
| Total functional expenses | $3,104,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,644,774 |
| Savings and temporary cash investments | $331,432 |
| Pledges and grants receivable | $255,974 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,800,053 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $88,137 |
| Net Land, buildings, and equipment | $45,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,165,694 |
| Accounts payable and accrued expenses | $267,557 |
| Grants payable | $0 |
| Deferred revenue | $122,400 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,030,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,419,957 |
| Net assets without donor restrictions | $1,112,789 |
| Net assets with donor restrictions | $1,632,948 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,165,694 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Appalachian Partnership Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Nisource Charitable Foundation Columbus, OH PURPOSE: CORPORATE DONATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Metropolitan Detroit Convention & Vistors Bureau Detroit, MI | $36,765,048 | $14,015,809 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Detroit Economic Growth Corp Detroit, MI | $7,209,211 | $10,420,774 |
Lawrence Economic Development Corporation South Point, OH | $62,339,240 | $9,945,474 |