Appalachian College Association
- Assets
- $39.7m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Lexington, KY
- Founding
- 01/1997
- Data as of
- 06/2021
- EIN
- 56-1758784
Organization Overview
Appalachian College Association is located in Lexington, KY. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Appalachian College Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian College Association 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 06/2021, Appalachian College Association generated $4.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.3m during the year ending 06/2021. 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
INCORPORATED ON AUGUST 6, 1993 ACA PRIMARILY SERVES THE PEOPLE OF THE CENTRAL APPALACHAIN REGION BY PROVIDING/ENHANCING HIGHER EDUCATION AND RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY AND SHARED CATALOG - THE ACA BOWEN CENTRAL LIBRARY OF
PROFESSIONAL DEVELOPMENT - ACADEMIC PROGRAMS, ACADEMIC WORKSHOPS, AND
SCHOLARSHIPS - THE ACA SUPPORTS A VARIETY OF OPPORTUNITIES FOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Rushing President | Officer | 40 | $155,376 |
Larry Hall Vice President | Officer | 40 | $128,152 |
Marcia Hawkins Chair | OfficerTrustee | 1 | $0 |
Burton Webb Treasurer | OfficerTrustee | 1 | $0 |
Michael Ross Director | Trustee | 1 | $0 |
Harley Knowles Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Innovatie Interfaces Library Technology | 6/29/21 | $310,700 |
Fifth Third Bank Invest Managemt Fee | 6/29/21 | $108,647 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $525,011 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,011 |
| Total Program Service Revenue | $2,989,885 |
| Investment income | $529,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $468,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,630,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $378,374 |
| 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 | $440,735 |
| Pension plan accruals and contributions | $44,066 |
| Other employee benefits | $57,859 |
| Payroll taxes | $32,918 |
| Fees for services: Management | $7,738 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $105,944 |
| 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 | $15,190 |
| Information technology | $333,163 |
| Royalties | $0 |
| Occupancy | $31,813 |
| Travel | $36,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,562 |
| Interest | $70 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,138 |
| Insurance | $14,069 |
| All other expenses | $0 |
| Total functional expenses | $4,253,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,029,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,858 |
| 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 | $1,370,996 |
| Net Land, buildings, and equipment | $2,031 |
| Investments—publicly traded securities | $37,252,308 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,696,056 |
| Accounts payable and accrued expenses | $650,490 |
| Grants payable | $0 |
| Deferred revenue | $425,060 |
| 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 | $1,075,550 |
| Net assets without donor restrictions | $3,402,043 |
| Net assets with donor restrictions | $35,218,463 |
| 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 | $39,696,056 |
Endowment Analysis
| Beg. Balance | $30,056,487 |
| Earnings | $8,193,051 |
| Net Contributions | $2,770 |
| Other Expense | $1,000,000 |
| Ending Balance | $37,252,308 |
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|---|---|---|
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Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
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Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
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