Backroads Of Appalachia
- Assets
- $398.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Lynch, KY
- Founding
- Data as of
- 12/2023
- EIN
- 84-4276436
Organization Overview
Backroads Of Appalachia is located in Lynch, KY. 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 12/2023, Backroads Of Appalachia employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Backroads Of Appalachia 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 12/2023, Backroads Of Appalachia generated $1.1m in total revenue. All expenses for the organization totaled $854.3k during the year ending 12/2023. While expenses have increased by 96.0% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BACKROADS OF APPALACHIA IS A NON-PROFIT ORGANIZATION WITH A MISSION TO PROVIDE NEW ECONOMIC OPPORTUNITIES WITHIN THE COMMUNITIES OF EASTERN KENTUCKY AND SOUTHWEST VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BACKROADS OF APPALACHIA IS A NON-PROFIT ORGANIZATION WITH A PASSION AND EMPATHY FOR THE APPALACHIAN REGION, DRIVING ECONOMIC DEVELOPMENT, JOB TRAINING AND OPPORTUNITY TO THE POVERTY-STRICKEN AREAS OF APPALACHIA THROUGH TOURISM AND MOTORSPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmie Erik Hubbard Executive Director | Officer | 40 | $146,602 |
Terry Bingham Board Member/treasurer | OfficerTrustee | 20 | $32,000 |
Jim Wills Board Member | Trustee | 5 | $3,333 |
Chris Sturgill Board Member | Trustee | 5 | $3,333 |
Brad Gates Board Member | Trustee | 5 | $0 |
Jay Fryman Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $901,235 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,733 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $946,968 |
| Total Program Service Revenue | $150,026 |
| 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 | $20,247 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,117,241 |
| 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. | $156,830 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,915 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,985 |
| Payroll taxes | $38,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,290 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40,981 |
| Office expenses | $45,915 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,743 |
| Travel | $55,289 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,638 |
| Insurance | $6,091 |
| All other expenses | $0 |
| Total functional expenses | $854,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,064 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $58,441 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $398,505 |
| Accounts payable and accrued expenses | $398 |
| 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 | $30,445 |
| Total liabilities | $30,843 |
| Net assets without donor restrictions | $367,662 |
| 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 | $398,505 |