Overview
What is Appalachian Fund Management Company Inc?
Appalachian Fund Management Company Inc is a supporting organization, situated in London, Kentucky, dedicated to improving poverty in the Appalachian Corridor through economic development. It serves as the general partner for Southern Appalachian Fund, LP, a New Markets Venture Capital Company. This role involves providing management services to ensure cohesive and prudent, program-related investments within the Appalachian region. The organization's mission aligns with technology 2020, Inc., now known as Three Roots Capital Inc., and Kentucky Highlands Investment Corporation, both 501(c)(3) and 501(c)(4) organizations, respectively, in their efforts to uplift the Appalachian community.
Is Appalachian Fund Management Company Inc legitimate?
Appalachian Fund Management Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Appalachian Fund Management Company 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: $0
For more financial information, click here
What is the mission statement of Appalachian Fund Management Company Inc?
Appalachian Fund Management Company Inc serves as the general partner of Southern Appalachian Fund, LP, a New Markets Venture Capital Company. Their role involves providing management services to ensure cohesive and prudent investments in the Appalachian Corridor, with a focus on promoting economic development to alleviate poverty. The organization supports Technology 2020, Inc., now known as Three Roots Capital Inc., and Kentucky Highlands Investment Corporation, both non-profit entities, in their mission to improve economic conditions in the Appalachian region.
Who is the CEO of Appalachian Fund Management Company Inc?
Brenda Mcdaniel is the Ceo/Director of Appalachian Fund Management Company Inc. The CEO's salary of Appalachian Fund Management Company Inc is $0 and their total compensation is $90,122.
What is the revenue of Appalachian Fund Management Company Inc?
Appalachian Fund Management Company Inc's revenue in 2020 was $50,054.
Who are the executives of Appalachian Fund Management Company Inc and what are their salaries?
Here are 4 key members and their salaries (Appalachian Fund Management Company Inc's CEO's salary is $0 and their total compensation is $90,122):
- Compensation: $0
- Related: $90,122
- Other: $0
- Compensation: $0
- Related: $402,264
- Other: $65,849
- Compensation: $0
- Related: $261,185
- Other: $15,734
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Appalachian Fund Management Company Inc?
Appalachian Fund Management Company Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Appalachian Fund Management Company Inc
Appalachian Fund Management Company Inc serves a crucial role as the general partner of Southern Appalachian Fund, LP, a New Markets Venture Capital Company. Their mission is to provide management services to ensure program-related cohesive and prudent investments in the Appalachian Corridor. By acting as a general partner, they oversee the entity responsible for managing investments and contracts, ensuring that resources are allocated in a manner that promotes economic development in the Appalachian region, with the ultimate goal of alleviating poverty. By providing these services, Appalachian Fund Management Company Inc plays a significant role in fostering economic growth and improving living conditions in the Appalachian Corridor.
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Impact
October, 2024
Appalachian Fund Management Company Inc plays a significant role in driving economic development and alleviating poverty in the Appalachian Corridor. By serving as the general partner of Southern Appalachian Fund, LP, a New Markets Venture Capital Company, it ensures that investments are not only cohesive but also aligned with the program's goals.
This strategic management allows for prudent investment decisions that support local businesses and foster growth within the region. Additionally, as a supporting organization for both Technology 2020, now known as Three Roots Capital Inc., and Kentucky Highlands Investment Corporation, it collaborates with other entities to maximize its impact.
Ultimately, Appalachian Fund Management Company Inc focuses on improving community conditions by facilitating access to capital and steering resources into areas that show potential for sustainable economic development. Its efforts are crucial in transforming the economic landscape of the Appalachian Corridor, creating opportunities for businesses, and enhancing the quality of life for residents.
This information is meant to be a general summary of Appalachian Fund Management Company 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 2020.
- Investment Income: $54
- Program Service Revenue: $50,000
- Gross Receipts: $50,054
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE INCOME
Revenue
$50,000
Organization Details
Founding Year
2001
Phone
(606) 864-5175Principal Officer
Brenda Mcdaniel
Main Address
PO BOX 1738, LONDON, KY, 407431738
NTEE Category
Code: S30 - Community improvement
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