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EIN 61-1254830

Appalachian Investment Corporation

IRS 501(c) type
501(c)(4)
Num. employees
0
City
Berea
State
Kentucky
Year formed
1994
Most recent tax filings
2023-04-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Appalachian Investment Corporation provides loans and technical assistance to new and expanding businesses in Appalachian Kentucky with the mission to increase economic activity in the area. By fiscal year end 2023, AIC had invested approximately $2,287,000 (at gross amount) in 25 loans to small enterprises, which impacted existing jobs and helped create new ones.
Related structure
Appalachian Investment Corporation is a subordinate organization under Mountain Association.
Total revenues
$132,651
2023
Total expenses
$18,742
2023
Total assets
$2,753,916
2023
Num. employees
0
2023

Program areas at Appalachian Investment Corporation

At fiscal year end 2023, AIC has 25 loans to small enterprises for a total of approximately $2,287,000 (at gross amount) invested in Appalachian Kentucky. These efforts impacted existing jobs and helped create jobs.

Personnel at Appalachian Investment Corporation

NameTitleCompensation
Jason CoomesChief Operating Officer$0
Peter HilleVice President$0
David WilkersonTreasurer$0
Ada SmithBoard Treasurer$0
Robin GabbardBoard Secretary$0
...and 14 more key personnel

Financials for Appalachian Investment Corporation

RevenuesFYE 04/2023
Total grants, contributions, etc.$0
Program services$131,226
Investment income and dividends$1,425
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$132,651

Form 990s for Appalachian Investment Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-042023-08-25990View PDF
2022-042022-08-04990View PDF
2021-042021-08-12990View PDF
2020-042020-11-10990View PDF
2019-042019-10-30990View PDF
...and 9 more Form 990s
Data update history
May 13, 2023
Updated personnel
Identified 1 new personnel
April 13, 2022
Updated personnel
Identified 3 new personnel
April 6, 2022
Posted financials
Added Form 990 for fiscal year 2021
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2020
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Business and community development organizationsChapter / child organizations
Issues
Business and industry
Characteristics
State / local levelNo full-time employees
General information
Address
431 Chestnut St 7
Berea, KY 40403
Phone
(859) 986-2373
IRS details
EIN
61-1254830
Fiscal year end
April
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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