Overview
What is Invest Appalachia Inc?
Invest Appalachia Inc, based in Asheville, North Carolina, is a regional nonprofit organization committed to bridging the gap between communities and capital. Their strategy combines the best aspects of impact investing, prioritizing positive social and economic impact for the people of Central Appalachia. Their mission is to support economic diversification and market growth that is locally-rooted, inclusive, and sustainable, while increasing the region's overall capacity and investability. The organization works collaboratively with various regional leaders, including CDFIs, public and private philanthropic entities, local institutions, and community organizations, to provide blended investment capital that strengthens business opportunities, builds equitable local wealth, advances critical sectors, and enhances the quality of life for everyone in Central Appalachia. They are deeply rooted in participatory, democratic, and transparent values, focusing on increasing racial, gender, and socioeconomic equity, economic self-sufficiency, and local wealth-building.
Official website here: www.investappalachia.org
Is Invest Appalachia Inc legitimate?
Invest Appalachia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Invest Appalachia 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: $111,941
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,865
For more financial information, click here
Official website here: www.investappalachia.org
What is the mission statement of Invest Appalachia Inc?
Invest Appalachia Inc is a regional impact investment platform that aims to empower the people of Central Appalachia. By providing blended investment capital, it seeks to strengthen business opportunities, build equitable local wealth, advance critical sectors, and enhance the quality of life for everyone in Central Appalachia. This platform was initiated through the Appalachia Funders Network and developed by a collaborative group of regional leaders, representing Community Development Financial Institutions, public and private philanthropic entities, local institutions, and community organizations.
Official website here: www.investappalachia.org
Who is the CEO of Invest Appalachia Inc?
Andrew Crosson is the Executive Di of Invest Appalachia Inc.
Official website here: www.investappalachia.org
What is the revenue of Invest Appalachia Inc?
Invest Appalachia Inc's revenue in 2022 was $3,949,703.
Official website here: www.investappalachia.org
Who are the executives of Invest Appalachia Inc and what are their salaries?
The average compensation at Invest Appalachia Inc during 2022 was $104,403. There are 2 employees at Invest Appalachia Inc.
Here are 14 key members and their salaries:
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Official website here: www.investappalachia.org
Where can I find the form 990 for Invest Appalachia Inc?
Invest Appalachia Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.investappalachia.org
Learn more at the official website: www.investappalachia.org
Mission Statement of Invest Appalachia Inc
Invest Appalachia Inc, a regional impact investment platform, is a collaborative initiative designed and spearheaded by the people of Central Appalachia. Its mission is to strengthen business opportunities, build equitable local wealth, advance critical sectors, and enhance the quality of life for everyone in Central Appalachia. This organization was established through the Appalachia Funders Network and developed by a collective group of regional leaders representing Community Development Financial Institutions (CDFIs), public and private philanthropic entities, local institutions, and community organizations. The aim of Invest Appalachia Inc is to provide blended investment capital, thereby fostering a more prosperous and equitable region for all its inhabitants.
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Impact
June, 2024
Invest Appalachia Inc's impact can be seen in its efforts to change the relationship between communities and capital in Central Appalachia. By providing blended investment capital to strengthen business opportunities, build equitable local wealth, advance critical sectors, and increase the overall quality of life for everyone in the region, Invest Appalachia is working towards economic diversification, inclusive market growth, and sustainable development. Their commitment to a participatory, democratic, and transparent process rooted in values of increasing racial, gender, and socioeconomic equity, economic self-sufficiency, and local wealth-building sets them apart as a significant player in promoting positive change in Central Appalachia.
This information is meant to be a general summary of Invest Appalachia 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 2022.
- Investment Income: $5,868
- Gross Receipts: $3,949,703
Assets and Liabilities:
- Total Assets: $3,205,567
- Total Liabilities: $384,021
- Net Assets: $2,821,546
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Organization Details
Founding Year
2019
Phone
(304) 644-6001Principal Officer
Andrew Crosson
Main Address
1456 PATTON AVE SUITE D, ASHEVILLE, NC, 28806
Website
www.investappalachia.orgNTEE Category
Code: C12 - Environment
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