Nonprofit · EIN 46-2815132
APPALACHIAN COMMUNITY CAPITAL CORPORATION
Tax-exempt · CHRISTIANSBRG, VA 24073
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,174,804 | $6,000,499 | $174,305 | $543,339,761 | $538,189,262 | $5,150,499 |
| December 31, 2023 | 990 | $4,344,653 | $4,263,882 | $80,771 | $29,141,159 | $24,164,965 | $4,976,194 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,050,135
- of which government grants
- $2,921,709
- Program service revenue
- $0
- Investment income
- $1,098,450
- Other revenue
- $26,219
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $550,166
- Other salaries and wages
- $59,469
- Salaries, compensation and benefits (total)
- $637,021
- Professional fundraising fees
- $0
- Legal fees
- $46,572
- Accounting fees
- $41,811
- Travel
- $66,597
- Depreciation
- $1,195
- Program services (functional)
- $4,848,027
- Management and general (functional)
- $1,152,472
Balance sheet and other
- Total assets, start of year
- $29,141,159
- Total assets, end of year
- $543,339,761
- Total liabilities, end of year
- $538,189,262
- Net assets, end of year
- $5,150,499
- Land, buildings and equipment
- $4,716
- Net assets without donor restrictions
- $2,163,499
- Net assets with donor restrictions
- $2,987,000
- Gross receipts
- $6,174,804
- Employees
- 4
- Volunteers
- 7
- Year formed
- 2013
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONNA GAMBRELL | PRESIDENT & CEO Trustee or director, Officer | 40 | $382,965 | $0 |
| JULIA J PARKER | CHIEF LENDING OFFICER Officer | 40 | $167,200 | $10,737 |
| CLINTON B GWIN | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MARTEN JENKINS | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| NEILL S WRIGHT | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| RAYMOND CHRISTMAN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| CLYDE CORNETT | DIRECTOR Trustee or director | 3 | $0 | $0 |
| GRACE FRICKS | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MATT RAKER | DIRECTOR Trustee or director | 3 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONNA GAMBRELL | PRESIDENT & CEO Trustee or director, Officer | 40 | $237,328 | $0 |
| JULIA J PARKER | CHIEF LENDING OFFICER Officer | 40 | $149,043 | $11,000 |
| CLINTON B GWIN | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MARTEN JENKINS | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| NEILL S WRIGHT | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| CLYDE CORNETT | DIRECTOR Trustee or director | 3 | $0 | $0 |
| GRACE FRICKS | DIRECTOR Trustee or director | 3 | $0 | $0 |
| RAYMOND CHRISTMAN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MATT RAKER | DIRECTOR Trustee or director | 3 | $0 | $0 |
| LORI CHATMAN | DIRECTOR Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 110 PEPPERS FRY RD NW, CHRISTIANSBRG, VA 24073-1068
- Principal officer (990 for 2024)
- DONNA GAMBRELL, 110 PEPPERS FERRY ROAD NW, CHRISTIANSBURG, VA 24073
- Signed the 990
- DONNA GAMBRELL, PRESIDENT & CEO
- Phone
- (202) 779-3083
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
APPALACHIAN COMMUNITY CAPITAL'S (ACC) MISSION IS TO INCREASE SMALL BUSINESS LENDING BY PROVIDING APPALACHIAN MEMBER INSTITUTIONS THAT SERVE UNDERSERVED PEOPLE AND COMMUNITIES WITH NEW SOURCES OF CAPITAL. OUR WORK ENABLES RELIABLE AND SUFFICIENT CAPITAL FOR ALL OF ITS MEMBERS, LEADING TO A GROWING ECONOMY, INCREASED ENTREPRENEURSHIP, HIGHER QUALITY JOBS, AND INCREASED LOCAL WEALTH IN THE APPALACHIAN REGION.
Program accomplishments
- APPALACHIAN COMMUNITY CAPITAL (ACC) ENJOYED ANOTHER IMPACTFUL YEAR IN 2024, LEADING INNOVATIVE INITIATIVES AND BRINGING SIGNIFICANT NEW CAPITAL TO THE REGION. THE DESCRIPTION BELOW HIGHLIGHTS MAJOR ACHIEVEMENTS THAT OCCURRED IN 2024. ACC CAPITAL RAISING ACTIVITY FOR CDFIS AND SMALL BUSINESSESAS A WHOLESALE COMMUNITY DEVELOPMENT LENDER, ACC AGGREGATES CAPITAL AND PASSES THE CAPITAL TO ITS MEMBERS (NUMBERING 41 AT THE END OF 2024).. ACC RAISED $9M IN DEBT CAPITAL AND FUNDED $8.75M IN NEW LOANS DURING 2024, AN AVERAGE DEPLOYMENT AMOUNT. CDFI BORROWERS FINANCED 20 SMALL BUSINESSES, WHICH USED THE LOANS FOR WORKING CAPITAL, TO BUY EQUIPMENT, AND TO EXPAND THEIR BUSINESS, TO NAME A FEW USES. AS WITH CAPITAL IT RECEIVES FROM OTHER SOURCES, CDFI MEMBERS LEVERAGE ACC CAPITAL TO ATTRACT ADDITIONAL INVESTMENTS FOR UNDERSERVED COMMUNITIES IN ITS FOOTPRINT. SINCE IT BEGAN LENDING IN 2015, ACC HAS RAISED AND DEPLOYED OVER $50 MILLION TO MEMBERS. IN ADDITION , IT HAS OBTAINED $80M IN GRANTS ($3.3M ACQUIRED IN 2024).DEVELOPMENT SERVICES IN 2024, BASED ON SURVEY RESULTS FROM MEMBERS, ACC OFFERED BUSINESS LENDING TRAINING, INTRODUCTORY CDFI COURSES, ALTERNATIVE ENERGY FINANCING TRAINING, AND SMALL BUSINESS LENDING DATA ANALYSES FOR MEMBERS WHO ARE PURSUING PRACTICES THAT WILL HAVE GREATER IMPACT FOR THEIR SMALL BUSINESS CUSTOMERS AND BUILD THE ORGANIZATIONS' CAPACITY. CLOSE TO 100 STAFF FROM REGIONAL CDFIS ATTENDED THESE SESSIONS.CLEAN COMMUNITIES INVESTMENT ACCELERATOR ON APRIL 4, UNDER THE PREVIOUS ADMINISTRATION, THE U.S. ENVIRONMENTAL PROTECTION AGENCY (EPA) ANNOUNCED THAT ACC WAS ONE OF EIGHT RECIPIENTS OF ITS GREENHOUSE GAS REDUCTION FUND GRANTS. ACC WAS SELECTED FOR A $500 MILLION AWARD FOR ITS WHOLLY-OWNED SUBSIDIARY, THE GREEN BANK FOR RURAL AMERICA, UNDER THE CLEAN COMMUNITIES INVESTMENT ACCELERATOR PROGRAM.ACC INTENDED TO USE THE AWARD TO 1) CATALYZE RENEWABLE ENERGY INVESTMENTS IN HARD-HIT COMMUNITIES IN APPALACHIA AND IN RURAL COMMUNITIES ON OTHER PARTS OF THE COUNTRY, 2) LEVERAGE PRIVATE CAPITAL TO FINANCE AN ANTICIPATED $2.25 BILLION IN 2,750 RENEWABLE ENERGY PROJECTS, 3) CREATE 18,000 QUALITY JOBS, 4) REDUCE ENERGY GENERATION FROM CARBON-BASED SOURCES BY 1.4M MWH ANNUALLY, AND 5) REDUCE CARBON EMISSIONS BY 12M TONS ANNUALLY.IN MARCH 2025, THE NEW EPA ADMINISTRATOR ANNOUNCED THE AGENCY'S INTENT TO CANCEL THE $20B IN CONTRACTS AWARDED TO THE EIGHT ORGANIZATIONS. ALL GRANTS WERE FROZEN, AND THE COURTS ARE NOW REVIEWING EPA'S EFFORTS. OPPORTUNITY APPALACHIA OPPORTUNITY APPALACHIA (OA) PROVIDES ACCESS TO TECHNICAL ASSISTANCE AND SUPPORTS CAPITAL RAISE ACTIVITIES FOR PROJECTS IN CENTRAL APPALACHIA. THE TARGET GEOGRAPHY INCLUDES APPALACHIAN COMMUNITIES IN KY, NC, OH, TN, VA, AND WV. IN 2024, 27 PROJECTS WERE AWARDED $1.9 MILLION IN TECHNICAL ASSISTANCE FUNDING FOR PRE-DEVELOPMENT ON A DIVERSE ARRAY OF DEVELOPMENTS.ALSO IN NOVEMBER 2024, OPPORTUNITY APPALACHIA HOSTED A LOCAL DEVELOPERS FORUM WITH OVER 60 ATTENDEES - MAINLY CURRENT AND FORMER OA PROJECT SPONSORS - WHO ENGAGED IN DISCUSSIONS ABOUT HOW SUCCESSFUL PROJECTS ARE CREATED, ORGANIZED, FINANCED, AND DELIVERED. THE EVENT WAS ORGANIZED AND CURATED IN COLLABORATION WITH BUILDING SMALL, WHICH HOSTS FORUMS AROUND THE COUNTRY FOCUSED ON SMALL-SCALE DEVELOPMENT.HURRICANE HELENE AND DISASTER RELIEFTO SUPPORT VERY SMALL BUSINESSES IN WESTERN NORTH CAROLINA THAT SUSTAINED PHYSICAL DAMAGE FROM HURRICANE HELENE IN SEPTEMBER 2024, ACC AND THE DOGWOOD HEALTH TRUST LAUNCHED THE WESTERN NORTH CAROLINA SMALL BUSINESS INITIATIVE TO PROVIDE RELIEF GRANTS OF UP TO $25,000. ACC WORKED WITH ACC MEMBER COMMUNITY REINVESTMENT FUND AND NC CDFI PARTNERS AND BY THE END OF THE YEAR HAD DISBURSED OVER $5,935,000 MILLION TO 281 TO SMALL BUSINESSES. ADDITIONAL FUNDING SUPPORT FROM THE STATE OF NORTH CAROLINA, THE DUKE ENDOWMENT, THE FORD FOUNDATION, AND THE SILICON VALLEY COMMUNITY FOUNDATION FOLLOWED.CUMULATIVELY, FUNDING TOTALED OVER $55M, WITH ACC POISED TO DISBURSE ALL THE FUNDS IN THE FIRST QUARTER OF 2025.DATA ANALYTICS HUB ACC CONTINUES TO LEAD THE APPALACHIAN COMMUNITY CAPITAL DATA HUB, A CUSTOMIZED PLATFORM DESIGNED TO SUPPORT CDFIS THROUGH REAL-TIME MAPPING, MARKET INSIGHTS, AND LEAD GENERATION TOOLS. SINCE LAUNCHING IN AUGUST 2022, ACC HAS ADVANCED THE DEVELOPMENT OF A CENTRALIZED DATA INFRASTRUCTURE DESIGNED TO STRENGTHEN CLIMATE-ALIGNED INVESTMENT AND FINANCIAL INCLUSION ACROSS THE APPALACHIAN REGION. IN 2024, THE DATA HUB TEAM WORKED CLOSELY WITH THE GREEN BANK FOR RURAL AMERICA TO LEAD DEVELOPMENT OF A NATIONAL MAPPING TOOL, EXPANDING THE HUB'S FUNCTIONALITY TO REACH SMALL BUSINESSES ACROSS ALL 50 STATES IN COLLABORATION WITH FUNDING PARTNERS MASTERCARD CENTER FOR INCLUSIVE GROWTH, JP MORGAN CHASE, IN IDENTIFYING AND DEPLOYING CAPITAL IN HIGH-IMPACT, UNDERSERVED COMMUNITIES, WHILE REINFORCING CLIMATE RESILIENCE AND DATA TRANSPARENCY.Expenses $4,848,027 · revenue $26,219
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2815132
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $543,339,761
- Income (IRS master file)
- $6,174,804
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,174,804 | $6,000,499 | $543,339,761 | XML |
| 990 | December 2023 | $4,344,653 | $4,263,882 | $29,141,159 | XML |
| 990 | December 2022 | $2,051,370 | $1,693,064 | $28,945,608 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2815132).
Questions about APPALACHIAN COMMUNITY CAPITAL CORPORATION
- What is the EIN of APPALACHIAN COMMUNITY CAPITAL CORPORATION?
- The employer identification number (EIN) of APPALACHIAN COMMUNITY CAPITAL CORPORATION is 46-2815132.
- Is APPALACHIAN COMMUNITY CAPITAL CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2014.
- Are donations to APPALACHIAN COMMUNITY CAPITAL CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does APPALACHIAN COMMUNITY CAPITAL CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of APPALACHIAN COMMUNITY CAPITAL CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did APPALACHIAN COMMUNITY CAPITAL CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of APPALACHIAN COMMUNITY CAPITAL CORPORATION?
- The 990 for the year ended December 31, 2024 names DONNA GAMBRELL.
- Who are the officers and directors of APPALACHIAN COMMUNITY CAPITAL CORPORATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $382,965 (DONNA GAMBRELL, PRESIDENT & CEO).
- How much revenue does APPALACHIAN COMMUNITY CAPITAL CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,174,804, expenses of $6,000,499 and total assets of $543,339,761 at year end.
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