Nonprofit · EIN 61-1254830
APPALACHIAN INVESTMENT CORPORATION
Tax-exempt · BEREA, KY 40403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $340,597 | $39,574 | $301,023 | $2,875,068 | $1,299,234 | $1,575,834 |
| April 30, 2024 | 990 | $125,999 | $41,043 | $84,956 | $2,765,399 | $1,465,322 | $1,300,077 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $220,000
- Program service revenue
- $112,932
- Investment income
- $7,665
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $39,574
Balance sheet and other
- Total assets, start of year
- $2,765,399
- Total assets, end of year
- $2,875,068
- Total liabilities, end of year
- $1,299,234
- Net assets, end of year
- $1,575,834
- Net assets without donor restrictions
- $1,575,834
- Gross receipts
- $340,597
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1994
- State of legal domicile
- KY
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER HILLE | CEO Trustee or director, Officer | 1 | $0 | $166,709 | $19,753 |
| WILLIAM COOMES | CORPORATE VP Officer | 0.5 | $0 | $93,194 | $22,143 |
| KACIE ZECHMAN | CORPORATETRE Officer | 1 | $0 | $94,146 | $18,156 |
| ROBIN GABBARD | PRESIDENT Trustee or director, Officer | 1 | $0 | $93,346 | $11,745 |
| TONI WELLS | CORPORATE SE Officer | 0.5 | $0 | $80,056 | $15,991 |
| RHONDA STAPLETON | CORPORATE SE Officer | 0.5 | $0 | $74,421 | $15,694 |
| HASAN DAVIS | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MANDY SHEFFEL | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ADA SMITH | BOARD TREASU Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended April 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER HILLE | PRESIDENT Trustee or director, Officer | 1 | $0 | $157,206 | $19,940 |
| WILLIAM COOMES | CORPORATE VP Officer | 1 | $0 | $90,292 | $20,203 |
| KACIE ZECHMAN | CORPORATETRE Officer | 1 | $0 | $91,185 | $16,476 |
| TONI WELLS | CORPORATE SE Officer | 1 | $0 | $74,452 | $14,570 |
| HASAN DAVIS | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ROBIN GABBARD | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 | $0 |
| ADA SMITH | BOARD TREASU Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 431 CHESTNUT ST, BEREA, KY 40403-1510
- Principal officer (990 for 2024)
- ROBIN GABBARD, 433 CHESTNUT ST, BEREA, KY 40403
- Signed the 990
- ROBIN GABBARD, PRESIDENT
- Phone
- (859) 986-2373
- Return prepared by
- BALDWIN CPAS PLLC
Mission
APPALACHIAN INVESTMENT CORPORATION WORKS TO INCREASE ECONOMIC ACTIVITY IN THE APPALACHIAN COUNTIES OF KENTUCKY.
Program accomplishments
- AT FISCAL YEAR END 2025, HAS 20 LOANS TO SMALL ENTERPRISES FOR A TOTAL OF APPROXIMATELY 2,080,000 (AT GROSS AMOUNT) INVESTED IN APPALACHIAN KENTUCKY. THESE EFFORTS IMPACTED EXISTING JOBS AND HELPED CREATE JOBS.Expenses $39,574 · revenue $112,932
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 61-1254830
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,875,068
- Income (IRS master file)
- $340,597
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $340,597 | $39,574 | $2,875,068 | XML |
| 990 | April 2024 | $125,999 | $41,043 | $2,765,399 | XML |
| 990 | April 2023 | $132,651 | $18,742 | $2,753,916 | IRS |
| 990 | April 2022 | – | – | – | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | 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 61-1254830).
Questions about APPALACHIAN INVESTMENT CORPORATION
- What is the EIN of APPALACHIAN INVESTMENT CORPORATION?
- The employer identification number (EIN) of APPALACHIAN INVESTMENT CORPORATION is 61-1254830.
- Is APPALACHIAN INVESTMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1994.
- Are donations to APPALACHIAN INVESTMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does APPALACHIAN INVESTMENT 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 INVESTMENT CORPORATION due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did APPALACHIAN INVESTMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of APPALACHIAN INVESTMENT CORPORATION?
- The 990 for the year ended April 30, 2025 names ROBIN GABBARD.
- Who are the officers and directors of APPALACHIAN INVESTMENT CORPORATION?
- The 990 for the year ended April 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does APPALACHIAN INVESTMENT CORPORATION have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $340,597, expenses of $39,574 and total assets of $2,875,068 at year end.
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