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Foundation For Appalachian Kentucky Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 611329396 ✦ Hazard, KY ✦ Designated as a 501(c)(3)

Overview

What is Foundation For Appalachian Kentucky Inc?

The Foundation For Appalachian Kentucky Inc, located at 420 Main Street, Hazard, KY 41701, is a charitable organization dedicated to improving the quality of life in southeastern Kentucky. With a team of 33 employees, the foundation operates from a well-established office and has been recognized for meeting national standards for US community foundations. The organization has provided fiscal and administrative sponsorships for numerous projects and offers leadership and support to the Appalachia Funders Network. Its primary purpose includes receiving and managing charitable funds, investing and reinvesting these resources, and distributing them to benefit the people of southeastern Kentucky, primarily for innovative programs and services or to qualified charitable organizations. The Foundation aims to be a catalyst for community collaboration and charitable giving, creating permanent endowment funds as a sustaining resource for the region.


Official website here: www.appalachianky.org

Is Foundation For Appalachian Kentucky Inc legitimate?

Foundation For Appalachian Kentucky Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Appalachian Kentucky 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.

Here are some key statistics you may want to consider:

Executive Compensation: $113,636
Professional Fundraising Fees: $0
Other Salaries and Wages: $729,144

For more financial information, click here


Official website here: www.appalachianky.org

What is the mission statement of Foundation For Appalachian Kentucky Inc?

The Foundation For Appalachian Kentucky Inc is dedicated to serving charitable purposes, primarily benefiting the people of southeastern Kentucky. It functions as a catalyst for community collaboration and charitable giving, working to create permanent endowment funds that enhance the quality of life in the region. The organization has established itself as a well-respected entity, operating in the heart of the southeastern coal fields and supporting the transition to a diverse economy. The Foundation meets national standards as a US community foundation and offers fiscal and administrative sponsorships to various organizations. In addition, it plays a crucial role in the Appalachia Funders Network, working with other funders to build community capacity and promote economic transition.


Official website here: www.appalachianky.org

Who is the CEO of Foundation For Appalachian Kentucky Inc?

Gerry Roll is the Executive Director of Foundation For Appalachian Kentucky Inc.


Official website here: www.appalachianky.org

What is the revenue of Foundation For Appalachian Kentucky Inc?

Foundation For Appalachian Kentucky Inc's revenue in 2022 was $20,144,039.


Official website here: www.appalachianky.org

Who are the executives of Foundation For Appalachian Kentucky Inc and what are their salaries?

The average compensation at Foundation For Appalachian Kentucky Inc during 2022 was $25,539. There are 33 employees and 150 volunteers at Foundation For Appalachian Kentucky Inc.

Here are 12 key members and their salaries:

    Gerry Roll (Executive Director)
  • Compensation: $89,172
  • Related: $0
  • Other: $24,464

    • Joel Brashear (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Atkins (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cory Chesnut (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alison F Davis (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith Gabbard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janet Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Maria Braman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Josh Howard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Haley Mccoy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Crissy Fiscus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Danny Maggard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.appalachianky.org

    Where can I find the form 990 for Foundation For Appalachian Kentucky Inc?

    The Foundation For Appalachian Kentucky Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.appalachianky.org

    Learn more at the official website: www.appalachianky.org

    Mission Statement of Foundation For Appalachian Kentucky Inc

    The Foundation For Appalachian Kentucky Inc is a charitable organization dedicated to making a lasting impact on the lives of people in southeastern Kentucky. With a focus on community collaboration and charitable giving, the Foundation serves as a catalyst for improving quality of life in the region.

    The organization's primary mission is to receive, manage, and distribute funds for charitable purposes, primarily benefiting the residents of southeastern Kentucky. The Foundation assists communities and organizations in providing innovative programs and services, administers donated property for charitable purposes, and distributes money in accordance with the terms of gifts or the determinations made by its Board of Directors. Additionally, the Foundation supports qualified charitable organizations with charitable donations.

    The Foundation has demonstrated its commitment to its mission during the past year. It continued to operate a well-regarded office and staff in the heart of the southeastern Kentucky coal fields, while also participating in regional initiatives aimed at transitioning to a diverse economy as the coal industry declines. The Foundation met national standards for US community foundations, providing fiscal and administrative sponsorships for numerous organizations, and offering leadership and support to the Appalachia Funders Network – a collaborative of public and private funders working together to build community capacity and promote an equitable economic transition into new and emerging sectors.

    Impact

    This information is meant to be a general summary of Foundation For Appalachian Kentucky Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Foundation For Appalachian Kentucky Inc has significantly impacted southeastern Kentucky by serving as a catalyst for community collaboration and charitable giving. They have established a well-regarded presence in the region, actively participating in initiatives to transition to a diverse economy amidst the decline of the coal industry. The organization has met national standards for community foundations, provided fiscal sponsorships to numerous organizations, and supported the Appalachia Funders Network in promoting equitable economic transition in the region. Through their mission to create permanent endowment funds for improving quality of life in eastern Kentucky, Foundation For Appalachian Kentucky Inc continues to make a positive difference in the communities they serve.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $287,460
  • Program Service Revenue: $0
  • Gross Receipts: $20,144,039

    • Assets and Liabilities:
  • Total Assets: $29,222,874
  • Total Liabilities: $2,870,527
  • Net Assets: $26,352,347
  • Organization Details

    Founding Year

    2002

    Principal Officer

    Gerry Roll

    Main Address

    420 Main Street, Hazard, KY, 41701

    NTEE Category

    Code: T31 - Philanthropy

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