Appalachian Community Capital Development Foundation
- Assets
- $1.9m
- Revenue
- $915.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Christiansburg, VA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-2827486
Organization Overview
Appalachian Community Capital Development Foundation is located in Christiansburg, VA. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Community Capital Development Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE SMALL BUSINESS LENDING BY PROVIDING APPALACHIAN MEMBER INSTITUTIONS THAT SERVE UNDERSERVED PEOPLE AND COMMUNITIES WITH NEW SOURCES OF CAPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACC'S WEBSITE WAS REDESIGNED IN 2021. THE SITE NOW HIGHLIGHTS BOTH ACC'S FINANCIAL PERFORMANCE (E.G., ANNUAL AUDIT REPORTS) AND IMPACT (SMALL BUSINESS PROFILES, PRESS RELEASES, IMPACT STUDIES). ACC ALSO INCREASED ITS SOCIAL MEDIA PRESENCE ONLINE VIA TWITTER, LINKEDIN AND INSTAGRAM. ACC HAS RECEIVED NUMEROUS COMPLIMENTS FROM STAKEHOLDERS ABOUT THE REDESIGN.
ACC CONTRACTED WITH TWO GRANT WRITERS AND A BUSINESS DEVELOPMENT OFFICER (BDO) IN 2021. THE APPLICATIONS WRITTEN BY THE GRANT WRITERS GENERATED ABOUT $3 MILLION IN GRANTS. THROUGH HIS OUTREACH THE BDO SIGNED ON 6 NEW MEMBERS AND WAS INSTRUMENTAL IN INCREASING ACC'S LOANS TO EXISTING AND NEW MEMBERS BY $6.4 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Gambrell President & CEO | OfficerTrustee | 0 | $0 |
Marten Jenkins Treasurer | OfficerTrustee | 1.5 | $0 |
Clinton B Gwin Chair | OfficerTrustee | 1.5 | $0 |
Lori Chatman Secretary | OfficerTrustee | 1.5 | $0 |
Grace Fricks Director | Trustee | 1.5 | $0 |
Clyde Cornett Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $910,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $910,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $915,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $600,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,080 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $759,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,851,862 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,851,862 |
| Accounts payable and accrued expenses | $7,900 |
| Grants payable | $0 |
| Deferred revenue | $1,530,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,537,900 |
| Net assets without donor restrictions | $313,962 |
| Net assets with donor restrictions | $0 |
| 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 | $1,851,862 |
Grants Awarded
Over the last fiscal year, Appalachian Community Capital Development Foundation has awarded $600,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Birmingham, AL PURPOSE: EMERGENCY BUSINESS RELIEF | $200,000 |
Albany, GA PURPOSE: EMERGENCY BUSINESS RELIEF | $200,000 |
Jackson, MS PURPOSE: EMERGENCY BUSINESS RELIEF | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Appalachian Community Capital Development Foundation has recieved totaling $400,000.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $250,000 |
Opportunity Finance Network Philadelphia, PA PURPOSE: OFNS SMALL BUSINESS GRANT PROGRAM FUNDED BY GOOGLE.ORG | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |