Overview
What is Appalachian Community Capital Corporation?
Appalachian Community Capital Corporation, a nonprofit organization based in Christiansburg, Virginia, strives to support the credit needs of small businesses in the Appalachia region. Since 2015, their members have utilized their funds to provide loans to 121 small businesses, with 78 of these loans going to minority- or women-owned enterprises. These loans have contributed to the creation or retention of 2,736 jobs, with 43% of these positions being occupied by low-income individuals. The organization's mission is to boost small business lending in underserved communities by offering new sources of capital to Appalachian member institutions. This, in turn, fosters a growing economy, increased entrepreneurship, higher-quality jobs, and increased local wealth in the Appalachian region. The nonprofit's impact is not limited to lending; it also plays a crucial role in promoting community and economic development in the Appalachia region.
Official website here: www.appalachiancommunitycapitalcdfi.org
Is Appalachian Community Capital Corporation legitimate?
Appalachian Community Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Appalachian Community Capital 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: $264,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.appalachiancommunitycapitalcdfi.org
What is the mission statement of Appalachian Community Capital Corporation?
Appalachian Community Capital Corporation's mission is centered around promoting community and economic development in the Appalachian region. The organization, Appalachian Community Capital (ACC), aims to increase lending opportunities for small businesses by providing underserved institutions with new sources of capital. This initiative leads to a reliable and sufficient supply of capital for all members, fostering a growing economy, enhanced entrepreneurship, better job opportunities, and increased local wealth in the Appalachian region.
Official website here: www.appalachiancommunitycapitalcdfi.org
Who is the CEO of Appalachian Community Capital Corporation?
Donna Gambrell is the Chair of Appalachian Community Capital Corporation. The CEO's salary of Appalachian Community Capital Corporation is $264,100 and their total compensation is $264,100.
Official website here: www.appalachiancommunitycapitalcdfi.org
What is the revenue of Appalachian Community Capital Corporation?
Appalachian Community Capital Corporation's revenue in 2022 was $2,051,370.
Official website here: www.appalachiancommunitycapitalcdfi.org
Who are the executives of Appalachian Community Capital Corporation and what are their salaries?
The average compensation at Appalachian Community Capital Corporation during 2022 was $264,100. There is 1 employee at Appalachian Community Capital Corporation.
Here are 9 key members and their salaries (Appalachian Community Capital Corporation's CEO's salary is $264,100 and their total compensation is $264,100):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $264,100
- Related: $0
- Other: $0
Official website here: www.appalachiancommunitycapitalcdfi.org
Where can I find the form 990 for Appalachian Community Capital Corporation?
Appalachian Community Capital Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.appalachiancommunitycapitalcdfi.org
Learn more at the official website: www.appalachiancommunitycapitalcdfi.org
Mission Statement of Appalachian Community Capital Corporation
Appalachian Community Capital Corporation, abbreviated as ACC, is committed to aiding community and economic development in the Appalachian region. Their mission is twofold: firstly, they aim to boost small business lending by supplying Appalachian member institutions serving underprivileged individuals and communities with new sources of capital. This initiative enables these institutions to provide reliable and sufficient capital for all their members, thus fueling a growing economy, promoting entrepreneurship, creating higher-quality jobs, and increasing local wealth in the Appalachian region. By doing so, ACC plays a significant role in fostering sustainable growth and development in the Appalachian community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Appalachian Community Capital Corporation (ACC) has made a significant impact on community and economic development in Appalachia by supporting the credit needs of small businesses in the region. From 2015 to the end of 2022, ACC has facilitated the creation of 121 small business loans ranging from $10,000 to $3 million, with a notable 64% of these loans directed towards minority- or women-owned businesses.
This financing has been instrumental in creating or retaining 2,736 jobs, of which 43% are filled by individuals from low-income backgrounds. By providing Appalachian member institutions with new sources of capital, ACC ensures that underserved communities receive the financial resources necessary for growth and entrepreneurship. This initiative fosters an environment of economic stability, enhances job quality, and contributes to the overall wealth of local communities in the Appalachian region.
This information is meant to be a general summary of Appalachian Community Capital 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.
- Investment Income: $505,311
- Gross Receipts: $2,051,370
Assets and Liabilities:
- Total Assets: $28,945,608
- Total Liabilities: $24,157,185
- Net Assets: $4,788,423
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(202) 779-3083Principal Officer
Donna Gambrell
Main Address
110 PEPPERS FERRY ROAD NW, CHRISTIANSBURG, VA, 24073
NTEE Category
Code: S11 - Community improvement
If you are a representative of Appalachian Community Capital Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.