Overview
What is Central Appalachian Rural Investment Corporation?
The Central Appalachian Rural Investment Corporation is a supporting organization, primarily working in partnership with Technology 2020, Inc., now known as Three Roots Capital, Inc., and Kentucky Highlands Investment Corporation. Based in London, Kentucky, its primary mission is to combat poverty in the Appalachian Corridor through economic development. The organization serves as the general partner for an entity managing investments in low-income communities and providing management services to ensure program-related, cohesive investments. It is also the sole member of Eclipse Management, LLC, which acts as the general partner for Meritus Ventures, LP, a certified Rural Business Investment Company (RBIC) by the Rural Business Investment Program (RBIP). This role allows Eclipse Management, LLC to offer investment advisory services to Meritus Ventures, LP, ensuring prudent and cohesive investments in the Appalachian Corridor.
Is Central Appalachian Rural Investment Corporation legitimate?
Central Appalachian Rural Investment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Appalachian Rural Investment Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Central Appalachian Rural Investment Corporation?
The Central Appalachian Rural Investment Corporation acts as the sole member of Eclipse Management, LLC, which serves as the general partner for Meritus Ventures, LP, a certified Rural Business Investment Company (RBIC) by the Rural Business Investment Program (RBIP). In this role, Eclipse Management, LLC provides investment advisory services to Meritus Ventures, LP, ensuring cohesive and prudent investments in the Appalachian Corridor. The organization's primary mission is to facilitate and guide investment decisions in this region, aiming to foster economic development and growth within rural Appalachia.
Who is the CEO of Central Appalachian Rural Investment Corporation?
Brenda Mcdaniel is the Treasurer of Central Appalachian Rural Investment Corporation.
What is the revenue of Central Appalachian Rural Investment Corporation?
Central Appalachian Rural Investment Corporation's revenue in 2022 was $303,826.
Who are the executives of Central Appalachian Rural Investment Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $433,269
- Other: $70,413
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $348,945
- Other: $42,154
- Compensation: $0
- Related: $90,000
- Other: $0
Where can I find the form 990 for Central Appalachian Rural Investment Corporation?
Central Appalachian Rural Investment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Appalachian Rural Investment Corporation
The Central Appalachian Rural Investment Corporation serves as the sole member of Eclipse Management, LLC, which acts as the general partner of Meritus Ventures, LP. This organization is certified as a Rural Business Investment Company (RBIC) by the Rural Business Investment Program (RBIP). In its role as general partner, Eclipse Management, LLC provides investment advisory services to Meritus Ventures, LP, ensuring program-related cohesive and prudent investments in the Appalachian Corridor. The mission of the Central Appalachian Rural Investment Corporation is to contribute to the economic development and growth of rural communities in the Appalachian region by providing investment advisory services that facilitate prudent and cohesive investments in the area.
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Impact
October, 2024
Central Appalachian Rural Investment Corporation plays a pivotal role in addressing economic challenges and poverty in the Appalachian Corridor. By partnering with Eclipse Management, LLC, it serves as the general partner for Meritus Ventures, LP—a certified Rural Business Investment Company (RBIC) under the Rural Business Investment Program (RBIP). This strategic position enables the organization to deliver coherent and prudent investment advisory services, ensuring that investments are targeted towards low-income communities where they can create meaningful change.
The corporation focuses on fostering economic development through well-managed funds that support businesses in the region. Through its efforts, it strengthens local economies, promotes job creation, and enhances community resources, ultimately leading to improved living standards. Its collaborative approach with other organizations, like Three Roots Capital and Kentucky Highlands Investment Corporation, amplifies its impact by aligning resources and expertise to foster sustainable growth and development throughout the Appalachian Corridor.
This information is meant to be a general summary of Central Appalachian Rural Investment Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $303,826
- Gross Receipts: $303,826
Assets and Liabilities:
- Total Assets: $173,134
- Total Liabilities: $15
- Net Assets: $173,119
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME COMMUNITY I
Revenue
$303,826
Organization Details
Founding Year
2004
Phone
(606) 864-5175Principal Officer
Brenda Mcdaniel
Main Address
PO BOX 1738, LONDON, KY, 40743
NTEE Category
Code: S193 - Community improvement
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