NonprofitsAppalachian Development Corporation

Appalachian Development Corporation

GREENVILLE, SC

Total revenue

$843K

Total expenses

$711K

Net assets

$6.3M

Grants received

$150K

1 grants

EIN

570735286

Tax year

2023

Mission

Appalachian development corporation ("adc") is a nonprofit organization formed to further the economic development of south carolina by offering financing to qualified small businesses.

Programs

2 programs

Adc is a sub-recipient of grant funds awarded to the south carolina appalachian council of governments (scacog) by the appalachian regional commission (arc). Adc is responsible for the following two grants: the arc revolving loan fund and the arc entrepreneurial initiative revolving loan fund.

Expenses: $231K

Adc participates in the u.s. Department of agriculture ("usda") intermediary relending program ("irp").

Expenses: $47K

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$819K
Investment income$24K
Other revenue
Total revenue$843K

Expenses

Grants paid
Salaries & benefits$507K
Fundraising
Other expenses$203K
Total expenses$711K
Total assets$8.4M
Net assets$6.3M

People

13 listed

NameRoleCompensation

J CONNALLY BRADLEY

EXECUTIVE DI

Board

$183K

40 hrs/wk

KIM MODE

PRESIDENT

Board

0.2 hrs/wk

RALPH GUARINO

VICE PRESIDE

Board

0.2 hrs/wk

GRANT NICHOLSON

SECRETARY/TR

Board

0.2 hrs/wk

RICHARD BLACKWELL

DIRECTOR

Board

0.2 hrs/wk

BEN CALHOUN

DIRECTOR

Board

0.2 hrs/wk

JIM COOK

DIRECTOR

Board

0.2 hrs/wk

SCOTT DUNN

DIRECTOR

Board

0.2 hrs/wk

TAVIA GADDY

DIRECTOR

Board

0.2 hrs/wk

STEVE PELISSIER

COG APPOINTE

Board

0.2 hrs/wk

STUART PLYLER

DIRECTOR

Board

0.2 hrs/wk

JORDAN PORTILLO

DIRECTOR

Board

0.2 hrs/wk

DALE SEAY

DIRECTOR

Board

0.2 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$150K
EMERGENCY BUSINESS ASSISTANCE GRANT
2020

Funded by

$150K from 1 funder · 1 grant · 2020

Appalachian Community Capital

$150K · 1 grant · 2020

Details

EIN570735286
Subsection04
Ruling date1982-10
Formed1982
Employees4
APPALACHIAN DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo