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Appalachian Development Corporation

Not tax-deductible

Marietta, OH501(c)(4)Since 1987EIN 31-1257879

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To provide financial assistance to new and developing businesses and industries.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $17K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$236K
-8% vs prior year
Spent
$257K
To programs
100%
Net assets
$321K
By yearFY2020–FY2024
Revenue
$236K
FY2024▼ -8%
Revenue by fiscal year
FY2020$233K
FY2021$306K
FY2022$256K
FY2023$277K
FY2024$257K
FY2024$236K
Expenses
$257K
FY2024▲ +21%
Expenses by fiscal year
FY2020$212K
FY2021$274K
FY2022$272K
FY2023$271K
FY2024$212K
FY2024$257K
Net assets
$321K
FY2024▼ -6%
Net assets by fiscal year
FY2020$276K
FY2021$308K
FY2022$292K
FY2023$297K
FY2024$342K
FY2024$321K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $257K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
Lenny Eliason
President
$0Pt VII · Sec A
Ron Moore
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Appalachian Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Leases office buildings to a regional development district, indirectly benefiting Appalachian Ohio residents.

Provided by the organization

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1 program service account for $257K of program spending, described in the organization's own filed words · FY2024.
01

The corporation leases office buildings to buckeye hills hocking valley regional development district (BHHVRDD), which indirectly benefits all residents of the eight county region. BHHVRDD is an organization comprised of local government subdivisions and serves the economic needs of residents in an eight county area of appalachian ohio.

$257Kprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$236K
Ln 12
Other incomeLn 4–11$234K
Investment incomeLn 3$2K
Money outPt IX
$257K
Ln 25
Programscol B$257K
Owns and owesPt X
$321K
net assets · Ln 32
Cash and savingsLn 1–2$222K
Total assetsLn 16$321K
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$2K
Other incomeLn 4–11$234K
Total revenueLn 12$236K
Assets in detailPt X, end of year
CashLn 1$222K
Cash and savings togetherLn 1–2$222K
InvestmentsLn 11–13$99K
Total assetsLn 16$321K
LiabilitiesLn 26$0
Net assetsLn 32$321K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$204K$222K
InvestmentsLn 11–13$98K$99K
Total assetsLn 16$342K$321K
LiabilitiesLn 26$0$0
Net assetsLn 32$342K$321K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$3K$3K
OccupancyLn 16$129K$129K
TravelLn 17$5K$5K
InterestLn 20$55K$55K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$57K$57K
Total functional expensesLn 25$257K$257K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $257K$212K$45K$342K 990 PDF
FY2023 $277K$271K$6K$297K 990 PDF
FY2022 $256K$272K−$17K$292K 990 PDF
FY2021 $306K$274K$32K$308K 990 PDF
FY2020 $233K$212K$21K$276K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $235,870 across 3 lines filed
VIII-3 Investment incomeRelated to mission $1,807$1,807
VIII-6 Net rental income or lossRelated to mission $234,063$234,063
VIII-12 Total revenueRelated to mission $235,870 · Unrelated business $0 · Excluded from tax $0$235,870
Part IX · Statement of functional expenses $257,201 across 7 lines filed
IX-11c Accounting feesPrograms $1,000$1,000
IX-11g Other fees for servicesPrograms $3,073$3,073
IX-16 OccupancyPrograms $129,062$129,062
IX-17 TravelPrograms $4,963$4,963
IX-20 InterestPrograms $55,359$55,359
IX-23 InsurancePrograms $6,740$6,740
IX-24 Other expenses (24a–d)Programs $57,004$57,004
IX-25 Total functional expensesPrograms $257,201 · Management $0 · Fundraising $0$257,201
Part X · Balance sheet $320,773 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $203,618$222,180
X-12 Other securitiesStart of year $98,445$98,593
X-16 Total assetsStart of year $342,104$320,773
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $342,104$320,773
X-32 Total net assets or fund balancesStart of year $342,104$320,773
X-33 Total liabilities and net assetsStart of year $342,104$320,773
Part XI · Reconciliation of net assets $320,773 net assets at year end
XI-1 Total revenue$235,870
XI-2 Total expenses$257,201
XI-3 Revenue less expenses−$21,331
XI-4 Net assets at start of year$342,104
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$320,773

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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