Overview
What is Shaping Our Appalachian Region Inc?
Shaping Our Appalachian Region Inc., or SOAR, is a nonprofit organization situated in Pikeville, Kentucky. Its primary objective is to strengthen and diversify the Eastern Kentucky economy by offering leadership, vision, and collaborative partnerships. This is achieved by promoting innovative regional practices and boosting public and private investments in various sectors such as job creation, entrepreneurship, tourism, education, health and wellness, arts and heritage, and sustainable agricultural practices and food systems. With a team of 13 dedicated individuals, SOAR aims to foster a resilient and diverse economic landscape in the region.
Official website here: www.soar-ky.org
What are the reviews and ratings of this charity?
95% rating from Charity Navigator.
Shaping Our Appalachian Region Inc has achieved a Four-Star out of Four Star rating, reflecting its strong performance in accountability and finance. The organization scored exceptionally well in various aspects, including an independent board, effective financial oversight, and no material diversion of assets. With a program expense ratio of 71.23%, it demonstrates a significant commitment to its mission, effectively utilizing the majority of its funds for programming.
The organization also showcases a robust fundraising efficiency, with a cost of only $0.03 to raise each dollar, indicating effective management of resources. Additionally, it maintains a solid working capital ratio of 1.98 years, ensuring sustainability and operational stability. Overall, these metrics highlight the nonprofit's financial health and commitment to transparency.
However, it is worth noting that the organization lacks a conflict of interest policy, which may be a concern for some stakeholders. Despite this limitation, the overall accountability and financial score underscores a strong foundation for trust and efficacy in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Shaping Our Appalachian Region Inc legitimate?
Shaping Our Appalachian Region Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shaping Our Appalachian Region Inc 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: $603,023
For more financial information, click here
Official website here: www.soar-ky.org
What is the mission statement of Shaping Our Appalachian Region Inc?
Shaping Our Appalachian Region Inc, a nonprofit organization, was established with the primary purpose of advancing and promoting a resilient and diverse economy in Eastern Kentucky. They provide leadership, vision, and collaborative partnerships to support innovative regional practices in areas such as job creation, entrepreneurship, tourism, education, health and wellness, arts and heritage, and sustainable agricultural practices and food systems. The goal is to enhance public and private investments in these sectors to foster economic growth and development in the region.
Official website here: www.soar-ky.org
Who is the CEO of Shaping Our Appalachian Region Inc?
Donovan Blackburn is the Co-Chair of Shaping Our Appalachian Region Inc.
Official website here: www.soar-ky.org
What is the revenue of Shaping Our Appalachian Region Inc?
Shaping Our Appalachian Region Inc's revenue in 2023 was $2,898,840.
Official website here: www.soar-ky.org
Who are the executives of Shaping Our Appalachian Region Inc and what are their salaries?
The average compensation at Shaping Our Appalachian Region Inc during 2023 was $46,386. There are 13 employees and 23 volunteers at Shaping Our Appalachian Region Inc.
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Official website here: www.soar-ky.org
Where can I find the form 990 for Shaping Our Appalachian Region Inc?
Shaping Our Appalachian Region Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.soar-ky.org
Learn more at the official website: www.soar-ky.org
Mission Statement of Shaping Our Appalachian Region Inc
Shaping Our Appalachian Region Inc, a nonprofit organization, was established with the primary objective of fostering a resilient and diverse economy in Eastern Kentucky. The organization seeks to achieve this goal by providing leadership, vision, and collaborative partnerships to support innovative regional practices. By doing so, they aim to enhance public and private investments in various sectors such as job creation, entrepreneurship, tourism, educational and lifelong learning, health and wellness, arts and heritage, and sustainable agricultural practices and food systems. In essence, Shaping Our Appalachian Region Inc strives to drive economic growth and development in Eastern Kentucky by fostering collaboration and investment in diverse sectors.
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Impact
July, 2024
Shaping Our Appalachian Region Inc's impact can be seen in the advancement and promotion of a resilient and diverse Eastern Kentucky economy. By providing leadership, vision, and collaborative partnerships, SOAR works towards supporting innovative regional practices and enhancing 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. This organization plays a crucial role in driving positive change and fostering community improvement within the region.
This information is meant to be a general summary of Shaping Our Appalachian Region Inc. 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 2023.
- Program Service Revenue: $244,336
- Gross Receipts: $2,898,840
Assets and Liabilities:
- Total Assets: $3,347,754
- Total Liabilities: $155,349
- Net Assets: $3,192,405
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUMMIT SPONSORSHIPS
Revenue
$146,342
SUMMIT OTHER
Revenue
$63,265
REGISTRATION FEES
Revenue
$34,729
Organization Details
Founding Year
2014
Phone
(606) 766-1160Principal Officer
Donovan Blackburn
Main Address
137 MAIN STREET SUITE 300, PIKEVILLE, KY, 41501
Website
www.soar-ky.orgNTEE Category
Code: S30 - Community improvement
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