Appalachian College Association
- Assets
- $34.4m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Lexington, KY
- Founding
- 01/1997
- Data as of
- 06/2022
- 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 06/2022, Appalachian College Association employed 8 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 06/2022, Appalachian College Association generated $5.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. 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
INCORPORATED ON AUGUST 6, 1993, ACA PRIMARILY SERVES THE PEOPLE OF THE CENTRAL APPALACHIAN 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 APPALACHIA PARTNERS WITH EACH MEMBER INSTITUTION TO MAKE IT ECONOMICALLY POSSIBLE TO PROVIDE ALL ACA MEMBER STUDENTS, FACULTY, AND STAFF WITH THE BEST ELECTRONIC LIBRARY INFORMATION RESOURCES AVAILABLE. THE RESOURCES ARE USED TO HELP STUDENTS, FACULTY, AND STAFF ATTAIN THE BEST POSSIBLE LEARNING OUTCOMES.
PROFESSIONAL DEVELOPMENT - ACADEMIC PROGRAMS, ACADEMIC WORKSHOPS, AND ACADEMIC FELLOWSHIPS ARE THE MAINSTAY OF ACA PROFESSIONAL DEVELOPMENT PROGRAMMING. PROFESSIONAL DEVELOPMENT TOPICS REFLECT CURRENT NEEDS OF MEMBER INSTITUTION FACULTY AND STAFF. AFTER A STRICT APPLICATION PROCESS, FACULTY FELLOWSHIPS AND LIBRARY STAFF DEVELOPMENT GRANTS ARE AWARDED TO MEMBER INSTITUTIONS ON BEHALF OF INDIVIDUALS IN THE FORM OF FELLOWSHIPS AND DEVELOPMENT GRANTS.
SCHOLARSHIPS - THE ACA SUPPORTS A VARIETY OF OPPORTUNITIES FOR STUDENTS STUDYING IN ANY ACADEMIC MAJOR IN THE FORM OF SUMMER STIPENDS AND ACADEMIC SCHOLARSHIPS. AFTER A STRICT APPLICATION PROCESS, SCHOLARSHIPS ARE AWARDED TO MEMBER INSTITUTIONS ON BEHALF OF INDIVIDUALS IN THE FORM OF SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy E Rushing President | Officer | 40 | $158,500 |
Larry Hall Vice President | Officer | 40 | $129,095 |
Burton Webb Chair | OfficerTrustee | 1 | $0 |
Lee King Treasurer | OfficerTrustee | 1 | $0 |
Tim Barry Director | Trustee | 1 | $0 |
Jim Stepp Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Innovative Library Technology | 6/29/22 | $342,451 |
Oclc Inc Library Technology | 6/29/22 | $113,728 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $524,997 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $594,997 |
| Total Program Service Revenue | $3,068,943 |
| Investment income | $1,255,689 |
| 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 | $4,966,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $423,227 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $545,587 |
| Compensation of current officers, directors, key employees. | $357,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $45,886 |
| Other employee benefits | $51,476 |
| Payroll taxes | $39,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $101,051 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,956 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,217 |
| Information technology | $463,694 |
| Royalties | $0 |
| Occupancy | $32,192 |
| Travel | $61,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,487 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,031 |
| Insurance | $15,486 |
| All other expenses | $0 |
| Total functional expenses | $4,650,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $920,507 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,909 |
| 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 | $1,559,049 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,721,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,357,226 |
| Accounts payable and accrued expenses | $782,080 |
| Grants payable | $0 |
| Deferred revenue | $342,208 |
| 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 | $1,124,288 |
| Net assets without donor restrictions | $3,479,581 |
| Net assets with donor restrictions | $29,753,357 |
| 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 | $34,357,226 |