Foundation for Appalachian Kentucky Inc
Foundation for Appalachian Kentucky Inc
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About this organization
Mission
Local people, local decisions, local impact. The foundation for Appalachian Kentucky is an organization serving southeastern Kentucky with 8 affiliates in 12 counties. We help Kentuckians across the state give to the causes they care about, and we make grants to make life better for all people.
About
During the past year, the foundation: continued to operate and establish a well-grounded, well known and well regarded office and staff in the heart of the southeastern Kentucky coal fields while establishing and participating in regional initiatives to transition to a diverse economy as the coal industry continues to decline; met national standards for US community foundations as set forth by the community foundations national standards board at the national council on foundations; had over $3.2 million assets under management in over 90 funds with more than 2,300 donors, and a mailing list of over 3,000 people; provided fiscal and administrative sponsorships for over 10 organizations; and provided leadership and support to the Appalachia funders network, a collaborative of 80+ public and private funders working together to build community capacity and promote an equitable economic transition into new and emerging sectors as the coal industry continues to decline.
Interesting data from their 2020 990 filing
The non-profit's mission, as documented in the filing, is “Our mission is to be a catalyst for community collaboration and charitable giving; to create permanent endowment funds as a sustaining resource to improve quality of life and place in eastern kentucky.”.
When explaining its purpose, the activities were described as: “The primary purpose of the organization is to receive, hold, handle, administer, invest, and reinvest money and property of all kinds received by gift, devise, payments, bequest, or appointment, in trust or otherwise, for charitable purposes, primarily in, or for the benefit of, the people of southeastern kentucky, including for such purposes as -a. to assist communities and organizations in providing innovative, high-quality programs and services to the residents of southeastern kentucky.b. to administer for charitable purposes property donated to the corporation;c. to distribute money for such purposes in accordance with the terms of gifts, bequests, or devises to the corporation not inconsistent with its purposes, as set forth in these articles of incorporation, or in accordance with determinations made by the board of directors pursuant to these articles of incorporation; andd. to distribute property to qualified charitable organizations for charitable purposes.”.
- The non-profit is legally allowed to operate in the state of KY, as reported.
- The filing provides the non-profit's address in 2020 as 420 MAIN STREET, HAZARD, KY, 41701.
- The non-profit has a total of 8 employees, as reported on their form for 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $116,679.
- The organization has 9 independent voting members.
- The organization was formed in 2002.
- The organization pays $504,492 in salary, compensation, and benefits to its employees.
- The organization pays $207,645 in fundraising expenses.