Overview
What is Appalachian Community Capital Development Foundation?
The Appalachian Community Capital Development Foundation is a nonprofit organization situated in Christiansburg, Virginia. With a strong focus on diversity, equity, and inclusion, they aim to boost small business lending by offering new sources of capital to Appalachian member institutions that serve underserved communities. To achieve this, they have developed or enhanced programs that are more inclusive, recognizing the significance of small businesses. In response to COVID-19 challenges, they contracted two consultants to revise their 5-year strategic plan and prepare financial projections aligned with their new goals. Their strategic plan encompasses four primary pillars: Pillar I, a Blended Finance Facility, which includes DEI, green enterprise, and small business refinancing initiatives; Pillar II, a Knowledge and Learning Platform; Pillar III, a Technology Transformation; and Pillar IV, Structured Finance. These pillars aim to identify opportunities in new markets, leverage tax credits, and create an Appalachian Community Capital Credit Facility.
Official website here: www.appalachiancommunitycapitalcdfi.org
Is Appalachian Community Capital Development Foundation legitimate?
Appalachian Community Capital Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Appalachian Community Capital Development Foundation 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
Official website here: www.appalachiancommunitycapitalcdfi.org
What is the mission statement of Appalachian Community Capital Development Foundation?
The Appalachian Community Capital Development Foundation's mission is centered around enhancing small business lending. It accomplishes this by providing new sources of capital to Appalachian member institutions that serve underserved communities and individuals. In response to the challenges posed by COVID-19, the foundation has expanded or introduced inclusive programs to emphasize the importance of small businesses. Diversity, equity, and inclusion are a significant focus in their strategic plan, which includes four main pillars: a blended finance facility, a knowledge and learning platform, technology transformation, and structured finance.
Official website here: www.appalachiancommunitycapitalcdfi.org
Who is the CEO of Appalachian Community Capital Development Foundation?
Donna Gambrell is the President & Ceo of Appalachian Community Capital Development Foundation. The CEO's salary of Appalachian Community Capital Development Foundation is $0 and their total compensation is $264,100.
Official website here: www.appalachiancommunitycapitalcdfi.org
What is the revenue of Appalachian Community Capital Development Foundation?
Appalachian Community Capital Development Foundation's revenue in 2022 was $957,200.
Official website here: www.appalachiancommunitycapitalcdfi.org
Who are the executives of Appalachian Community Capital Development Foundation and what are their salaries?
Here are 9 key members and their salaries (Appalachian Community Capital Development Foundation's CEO's salary is $0 and their total compensation is $264,100):
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Official website here: www.appalachiancommunitycapitalcdfi.org
Where can I find the form 990 for Appalachian Community Capital Development Foundation?
Appalachian Community Capital Development Foundation'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 Development Foundation
Appalachian Community Capital Development Foundation, abbreviated as ACC, is committed to increasing small business lending. This mission is aimed at providing Appalachian member institutions that serve underserved people and communities with new sources of capital. By doing so, ACC aims to contribute significantly to the economic growth and development of these communities, particularly by supporting small businesses.
During the challenges posed by the COVID-19 pandemic, ACC demonstrated its commitment by creating or enhancing programs to be more inclusive. This approach underscores the importance of small businesses in these communities and reflects ACC's dedication to diversity, equity, and inclusion. To further solidify its strategy, ACC contracted with two consultants to develop a revised 5-year strategic plan (2022-27) and prepare proformas to align with the new goals. This strategic plan is structured around four primary pillars:
1. Pillar I focuses on Blended Finance Facility, encompassing initiatives such as DEI, Green Enterprise, and Small Business Refi.
2. Pillar II emphasizes Knowledge and Learning Platform, including a peer-to-peer portal and a professional learning portal.
3. Pillar III centers around Technology Transformation, with a focus on data analytics and white-label solutions.
4. Pillar IV prioritizes Structured Finance, which involves identifying opportunities with new markets, tax credits, opportunity zones, bridge financing, and the creation of an ACC Credit Facility.
These pillars reflect ACC's comprehensive approach to supporting small businesses in Appalachian communities, which serves as the foundation for its mission. By providing member institutions with new sources of capital, ACC plays a crucial role in fostering economic growth and development in these underserved areas, ultimately benefiting the small businesses and communities it serves.
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Impact
October, 2024
Appalachian Community Capital Development Foundation significantly enhances small business lending within underserved communities by equipping local member institutions with innovative sources of capital. In response to the challenges posed by COVID-19, the organization has focused on creating and expanding inclusive programs that underscore the importance of supporting small businesses.
Central to its impact is a strategic plan that emphasizes diversity, equity, and inclusion, serving as a foundational element in all initiatives. The plan outlines four primary pillars:
1. **Blended Finance Facility**: This involves initiatives targeting diversity, equity, inclusion, green enterprise funding, and small business refinancing to broaden access to financial resources.
2. **Knowledge and Learning Platform**: Through peer-to-peer sharing and professional development resources, the foundation cultivates a network of learning that enhances the capabilities of local lenders.
3. **Technology Transformation**: By leveraging data analytics and tailored solutions, ACC strengthens operational efficiency and effectiveness in lending practices.
4. **Structured Finance**: Identifying opportunities in new markets, such as tax credits and bridge financing, further positions local institutions to meet the unique needs of their communities.
Overall, Appalachian Community Capital Development Foundation's work leads to the mobilization of financial resources, fostering economic growth, and enhancing the resilience of small businesses in Appalachian regions.
This information is meant to be a general summary of Appalachian Community Capital Development Foundation. 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.
- Gross Receipts: $957,200
Assets and Liabilities:
- Total Assets: $609,346
- Total Liabilities: $598,745
- Net Assets: $10,601
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Organization Details
Founding Year
2013
Phone
(202) 547-5155Principal Officer
Donna Gambrell
Main Address
110 PEPPERS FERRY ROAD NW, CHRISTIANSBURG, VA, 24073
NTEE Category
Code: T30 - Philanthropy
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