Appalachian Independence Center Inc
- Assets
- $418.2k
- Revenue
- $461.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Abingdon, VA
- Founding
- 11/1988
- Data as of
- 06/2022
- EIN
- 52-1573451
Organization Overview
Appalachian Independence Center Inc is located in Abingdon, VA. The organization was established in 1988. 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 Independence Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Independence Center 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 Independence Center Inc generated $461.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $457.2k during the year ending 06/2022. While expenses have increased by 1.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVOCATE FOR AND WITH PEOPLE WITH DISABILITIES TO PROMOTE FULL PARTICIPATION IN SOCIETY.
Describe the Organization's Program Activity:
INDEPENDENT LIVING SERVICES FOR INDIVIDUALS WITH DISABILITIES; SERVING SIX COUNTIES AND TWO CITIES IN S.W. VIRGINIA. COUNTIES SERVED ARE BLAND, CARROLL, GRAYSON, WYTHE, SMYTH, WASHINGTON, AND THE CITIES OF BRISTOL AND GALAX VIRGINIA. PROGRAMS PROMOTE INDEPENDENT LIVING FOR PERSONS WITH DISABILITIES, FAMILIES AND THE COMMUNITY. APPROXIMATELY 117 INDIVIDUALS WERE SERVED DURING THE YEAR.
RENT RECEIVED FROM DEAF AND HARD OF HEARING SERVICES CENTER AND DISTRICT THREE GOVERNMENT COOP FOR OFFICE SPACE LEASED FROM AIC. THE OFFICE SPACE IS LOCATED IN AIC'S MAIN OFFICE IN ABINGDON VIRGINIA. RENTING SPACE TO THESE NONPROFIT ORGANIZATIONS HELPS TO FURTHER AIC'S EXEMPT MISSION BY PROVIDING SERVICES AND ASSISTANCE TO PERSONS WITH DISABILTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Halley Executive Di | OfficerTrustee | 40 | $48,951 |
Sandra Bowman Vice Preside | OfficerTrustee | 2 | $0 |
Shanna Bailey Secretary | OfficerTrustee | 6 | $0 |
Mike Guy Treasurer | OfficerTrustee | 2 | $0 |
Ed Morgan President | OfficerTrustee | 3 | $0 |
Shirley Blake Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $441,635 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,390 |
| Total Program Service Revenue | $16,950 |
| Investment income | $253 |
| 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 | $461,593 |
| 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. | $57,432 |
| Compensation of current officers, directors, key employees. | $14,358 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,042 |
| Pension plan accruals and contributions | $18,730 |
| Other employee benefits | $45,720 |
| Payroll taxes | $20,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,545 |
| Advertising and promotion | $2,198 |
| Office expenses | $4,664 |
| Information technology | $6,336 |
| Royalties | $0 |
| Occupancy | $39,565 |
| Travel | $0 |
| 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 | $5,085 |
| Insurance | $6,089 |
| All other expenses | $607 |
| Total functional expenses | $457,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,729 |
| Savings and temporary cash investments | $68,552 |
| Pledges and grants receivable | $7,213 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $12,755 |
| Net Land, buildings, and equipment | $19,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $418,208 |
| Accounts payable and accrued expenses | $9,200 |
| 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 | $27,673 |
| Total liabilities | $36,873 |
| Net assets without donor restrictions | $376,810 |
| Net assets with donor restrictions | $4,525 |
| 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 | $418,208 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Appalachian Independence Center Inc has recieved totaling $22.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Kentucky Area Developement District Florence, KY | $12,601,851 | $23,919,138 |
Mid-Atlantic Broadband Communities Corporation South Boston, VA | $87,739,365 | $16,699,414 |
Rural Economic Development Center Inc Raleigh, NC | $223,566,149 | $11,378,133 |
Pride Community Services Inc Logan, WV | $3,436,459 | $7,199,401 |
Kentucky River Area Development District Inc Hazard, KY | $5,857,667 | $4,838,342 |
Mountain Association For Community Economic Development Inc Berea, KY | $33,227,736 | $8,576,709 |
West Virginia Community Action Partnerships Inc Charleston, WV | $514,969 | $3,682,058 |
Southeast Kentucky Economic Development Corporation Inc Somerset, KY | $28,123,081 | $3,726,346 |
Kurdistan Regional Government -Liaison Office - Usa Washington, DC | $3,506,355 | $1,816,720 |
Virginia Coalfield Coalition Inc Lebanon, VA | $15,855,826 | $1,388,700 |
Appalachian Community Action & Development Agency Inc Gate City, VA | $1,460,417 | $1,629,556 |
W A M Y Community Action Inc Boone, NC | $1,852,412 | $1,596,975 |