Appalachian Community Action & Development Agency Inc
- Assets
- $1.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 27
- Location
- Gate City, VA
- Founding
- 04/1965
- Data as of
- 06/2022
- EIN
- 54-0785849
Organization Overview
Appalachian Community Action & Development Agency Inc is located in Gate City, VA. The organization was established in 1965. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Appalachian Community Action & Development Agency Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Community Action & Development Agency Inc 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 06/2022, Appalachian Community Action & Development Agency Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 5.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PLAN, COORDINATE, EVALUATE, AND ADMINISTER PROGRAMS DIRECTED TOWARD THE ELIMINATION OF POVERTY AND THE ENABLING OF LOW INCOME FAMILIES & INDIVIDUALS OF ALL AGES W/IN SERVICE AREA ATTAIN THE SKILLS KNOWLEDGE, MOTIVATION & OPPORTUNITY TO BECOME MORE SELF SUFFICIENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PLAN, COORDINATE, EVALUATE, AND ADMINISTER PROGRAMS DIRECTED TOWARD THE ELIMINATION OF POVERTY & THE ENABLING OF LOW INCOME FAMILIES & INDIVIDUALS OF ALL AGES W/IN SERVICE AREA TO ATTAIN THE SKILLS, KNOWLEDGE, MOTIVATION, & OPPORTUNITY TO BECOME MORE SELF SUFFICIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Absher Vice Preside | OfficerTrustee | $0 | |
Wandaleen Adams President | OfficerTrustee | $0 | |
Marybeth Adkins Board Member | Trustee | $0 | |
Kelly Bledsoe Board Member | Trustee | $0 | |
Zachary Bowen Board Member | Trustee | $0 | |
Jan Brewer Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,230,967 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,243,221 |
| Total Program Service Revenue | $19,830 |
| Investment income | $4,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,198 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,269,116 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $769,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $207,214 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $65,003 |
| 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 | $54,092 |
| Insurance | $60,728 |
| All other expenses | $0 |
| Total functional expenses | $2,171,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,236 |
| Savings and temporary cash investments | $267,688 |
| Pledges and grants receivable | $412,359 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $142,116 |
| Inventories for sale or use | $79,118 |
| Prepaid expenses and deferred charges | $32,945 |
| Net Land, buildings, and equipment | $620,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,633,830 |
| Accounts payable and accrued expenses | $118,647 |
| Grants payable | $0 |
| Deferred revenue | $162,841 |
| 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 | $23,590 |
| Unsecured mortgages and notes payable | $125,000 |
| Other liabilities | $0 |
| Total liabilities | $430,078 |
| Net assets without donor restrictions | $574,716 |
| Net assets with donor restrictions | $629,036 |
| 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 | $1,633,830 |