FOUNDATION FOR APPALACHIAN OHIO | APPALACHIAN GROWTH CAPITAL LLC

NELSONVILLE, OH | Athens County
Community Services
FOUNDATION FOR APPALACHIAN OHIO | APPALACHIAN GROWTH CAPITAL LLC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

FOUNDATION FOR APPALACHIAN OHIO | APPALACHIAN GROWTH CAPITAL LLC
31-1620483
35 PUBLIC SQ
NELSONVILLE, OH 45764
Athens County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Community Services
Nonprofit location info
  • LMI Census Tract
  • Opportunity Zone
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
T31

T - Philanthropy, Voluntarism, and Grantmaking

Community Foundations

Organizations that make grants for charitable purposes in a specific community or region. The funds available to a community foundation are usually derived from many donors and held in an endowment that is independently administered; income earned by the endowment is then used to make grants. (rev. 11/04)

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813211
Grantmaking Foundations

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
8/30/2019
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2019 $125,000 CDFI Financial Assistance open_in_new Appalachian Growth Capital, LLC
2021 $216,000 CDFI Financial Assistance open_in_new Appalachian Growth Capital, LLC
2021 $376,000 CDFI Rapid Response Program (COVID-19) open_in_new Appalachian Growth Capital, LLC
2020 $125,000 CDFI Technical Assistance open_in_new Appalachian Growth Capital, LLC

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$34M
Revenue
$24.5M
Assets
$74.8M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
1999-02
Deductibility Status info
Deductible
Last Tax Filing info
2021
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of April 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
35 PUBLIC SQ
NELSONVILLE, OH 45764
Athens County
Area Type info
Micropolitan Statistical Area
FIPS Geocoded Address info
NA
MSA/MD info
39
State info
009
County info
9728.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
11900 - Athens, OH
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 10.62%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
9728.00 Athens County
Population
Total Population 3,815 62,933
Total Households 1,384 22,381
Income
Median Family Income (Census*) $50,313 $47,061
Median Family Income (2022 FFIEC est.) $74,900 $74,900
Tract Income Percentage 75.44% N/A
Below Poverty Level 24.0% 25.5%
Unemployment Level 12.5% 5.8%
Housing
Total Housing Units 1,780 26,414
Total Owner-Occupied Units 43.0% 59.8%
Total Renter-Occupied Units 34.8% 40.2%
Total Vacant Units 22.2% 8.4%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

13
Total Voting Members
in Governing Body info
13
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Martin Adam
CFAO
(740) 753-1111
Principal Officer info
Martin Adam
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.