Shaping Our Appalachian Region Inc
- Assets
- $2.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Pikeville, KY
- Founding
- 02/2015
- Data as of
- 06/2022
- EIN
- 37-1760428
Organization Overview
Shaping Our Appalachian Region Inc is located in Pikeville, KY. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Shaping Our Appalachian Region Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shaping Our Appalachian Region 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, Shaping Our Appalachian Region Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 12.1% 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
SHAPING OUR APPALACHIAN REGION, INC. ("SOAR"), A NONPROFIT ORGANIZATION, WAS CREATED WITH THE PRIMARY PURPOSE TO ADVANCE AND PROMOTE A RESILIENT AND DIVERSE EASTERN KENTUCKY ECONOMY BY PROVIDING LEADERSHIP, VISION, AND COLLABORATIVE PARTNERSHIPS TO SUPPORT INNOVATIVE REGIONAL PRACTICES AND ENHANCE PUBLIC AND PRIVATE INVESTMENTS IN AREAS SUCH AS JOB CREATION, ENTREPRENEURSHIP, TOURISM, EDUCATIONAL AND LIFELONG LEARNING, HEALTH AND WELLNESS, ARTS AND HERITAGE, AND SUSTAINABLE AGRICULTURAL PRACTICES AND FOOD SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHAPING OUR APPALACHIAN REGION, INC. ("SOAR"), A NONPROFIT ORGANIZATION, WAS CREATED WITH THE PRIMARY PURPOSE TO ADVANCE AND PROMOTE A RESILIENT AND DIVERSE EASTERN KENTUCKY ECONOMY BY PROVIDING LEADERSHIP, VISION, AND COLLABORATIVE PARTNERSHIPS TO SUPPORT INNOVATIVE REGIONAL PRACTICES AND ENHANCE PUBLIC AND PRIVATE INVESTMENTS IN AREAS SUCH AS JOB CREATION, ENTREPRENEURSHIP, TOURISM, EDUCATIONAL AND LIFELONG LEARNING, HEALTH AND WELLNESS, ARTS AND HERITAGE, AND SUSTAINABLE AGRICULTURAL PRACTICES AND FOOD SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hal Rogers Co-Chair | OfficerTrustee | $0 | |
Kim Mccann Exec. Chair | OfficerTrustee | $0 | |
Andy Beshear Co-Chair | OfficerTrustee | $0 | |
Judge Albey Brock Ex Officio | Trustee | $0 | |
Andrew Scott Board Member | Trustee | $0 | |
Lynn Tipton Board Member | Trustee | $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 | $1,543,510 |
| Noncash contributions included in lines 1a–1f | $145,484 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,543,510 |
| Total Program Service Revenue | $409,956 |
| 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 | $1,958,462 |
| 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 | $495,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $145,466 |
| 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 | $27,656 |
| Office expenses | $84,237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $44,770 |
| 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 | $12,326 |
| Insurance | $0 |
| All other expenses | $19,526 |
| Total functional expenses | $1,574,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,849,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $528,280 |
| 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 | $1,226 |
| Prepaid expenses and deferred charges | $9,978 |
| Net Land, buildings, and equipment | $28,973 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,417,987 |
| Accounts payable and accrued expenses | $110,645 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $110,645 |
| Net assets without donor restrictions | $2,307,342 |
| 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 | $2,417,987 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Shaping Our Appalachian Region Inc has recieved totaling $6,020.
| Awarding Organization | Amount |
|---|---|
Foundation For Appalachian Kentucky Inc Hazard, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |