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Nonprofits›Invest Appalachia Inc

Environment

Invest Appalachia Inc

ASHEVILLE, NC

Website

Total revenue

$1.9M

Total expenses

$2.3M

Net assets

$2.4M

Grants received

$4.6M

24 grants

EIN

842748180

Tax year

2023

Mission

Invest appalachia (ia) is a regional impact investment platform designed by and for the people of central appalachia. Ia provides blended investment capital to strengthen business opportunities, build equitable local wealth, advance critical sectors, and increase quality of life for everyone in central appalachia. Ia was initiated through the appalachia funders network and developed by a collaborative group of regional leaders representing cdfis, public and private philanthropic entities, local institutions, and community organizations.

Financials

FY 2023

Revenue

Contributions & grants$1.3M

Program service revenue$556K

Investment income$97K

Other revenue—

Total revenue$1.9M

Expenses

Grants paid—

Salaries & benefits$245K

Fundraising—

Other expenses$2.1M

Total expenses$2.3M

Total assets$3.0M

Net assets$2.4M

People

13 listed

NameRoleCompensation

ANDREW CROSSON

EXECUTIVE DI

Board

$120K

40 hrs/wk

ZURILMA ANUEL

BOARD MEMBER

Board

—

5 hrs/wk

MICHELLE FOSTER

BOARD MEMBER

Board

—

5 hrs/wk

EARL GOHL

BOARD MEMBER

Board

—

5 hrs/wk

KAREN JACOBSON

BOARD MEMBER

Board

—

5 hrs/wk

SARA MORGAN

BOARD TREASU

Board

—

5 hrs/wk

SCOTT MCREYNOLDS

BOARD MEMBER

Board

—

5 hrs/wk

DEBBIE PHILLIPS

BOARD MEMBER

Board

—

5 hrs/wk

KERRY PIGMAN

BOARD MEMBER

Board

—

5 hrs/wk

BILL POLLARD

BOARD MEMBER

Board

—

5 hrs/wk

STEPHANIE RANDOLPH

BOARD PRESID

Board

—

5 hrs/wk

BILL SHELTON

BOARD MEMBER

Board

—

5 hrs/wk

STEPHANIE TYREE

BOARD SECRET

Board

—

5 hrs/wk

Grants received

Showing 24 of 24

FromAmountPurposeYear

JOHN D AND CATHERINE T MACARTHUR

$755K

IN SUPPORT OF YOUR ORGANIZATION'S PROJECT, THE RURAL NEWS FUND

2024

ROCKEFELLER PHILANTHROPY ADVISORS INC

$500K

COMMUNITY IMPROVEMENT & CAPACITY BUILDING, COMMUNITY IMPROVEMENT & CAPACITY BUILDING

2024

DOGWOOD HEALTH TRUST

$400K

CREDIT ENHANCEMENT AND TECHNICAL ASSISTANCE FOR DISTRESSED ENTREPRENEURS IN WNC.

2024

MARGARET A CARGILL FOUNDATION

$300K

CULTIVATING CENTERS AS ENVIRONMENTAL RESILIENCE HUBS IN APPALACHIA

2024

THE NEW YORK COMMUNITY TRUST

$190K

FOR PROGRAM SUPPORT.

2024

THE SCHMIDT FAMILY FOUNDATION

$180K

ENCOURAGING A JUST TRANSITION AWAY FROM FOSSIL FUELS

2024

DOGWOOD HEALTH TRUST

$60K

TRAINING AND MENTORSHIP FOR DOWNTOWN REDEVELOPMENT IN RURAL APPALACHIA.

2024

CLAUDE WORTHINGTON BENEDUM FOUNDATION

$58K

TO MATCH ARC ARISE FUNDING FOR THE PLANNING PHASE OF THE APPALACHIAN DOWNTOWN DEVELOPERS INITIATIVE, FOCUSING ON TECHNICAL AND FINANCIAL CAPACITY BUILDING FOR COMMUNITY-ORIENTED REAL ESTATE DEVELOPERS

2024

THE GREATER KANAWHA VALLEY FOUNDATION

$50K

GENERAL SUPPORT

2024

DOGWOOD HEALTH TRUST

$13K

DISCRETIONARY STAFF CARE AND SUPPORT FOLLOWING HURRICANE HELENE.

2024

THE ROBERT WOOD JOHNSON FOUNDATION

$10K

81995 RWJF HEALTHY COMMUNITIES -- SITE VISIT GRANT

2024

COALFIELD DEVELOPMENT CORPORATION

$500K

—

2023

THE ROBERT WOOD JOHNSON FOUNDATION

$200K

80089 GENERAL OPERATING SUPPORT FOR INVEST APPALACHIA

2023

THE SCHMIDT FAMILY FOUNDATION

$100K

ENCOURAGING A JUST TRANSITION AWAY FROM FOSSIL FUELS

2023

DOGWOOD HEALTH TRUST

$350K

THESE FUNDS WILL AID INVEST APPALCAHIA'S EFFORTS TO STRENGTHEN THE OVERALL INVESTMENT SYSTEM IN APPALACHIA BY HELPING THEM DEPLOY A CATALYTIC CAPITAL POOL. USES FOR POOL FUNDS WILL INCLUDE, BUT WILL NOT BE LIMITED TO, TECHNICAL ASSISTANCE GRANTS, CREDIT ENHANCEMENT, AND CONDITIONAL LOAN REPAYMENT.

2022

CASSIOPEIA FOUNDATION INC

$300K

General Operating Support

2022

THE ROBERT WOOD JOHNSON FOUNDATION

$300K

80089 GENERAL OPERATING SUPPORT FOR INVEST APPALACHIA

2022

NEW VENTURE FUND

$100K

TECHNOLOGY AND INNOVATION

2022

WEST VIRGINIA COMMUNITY DEVELOPMENT HUB

$70K

COMMUNITY DEVELOPMENT

2022

CHARLES M AND MARY D GRANT FDN XXXXX0004

$60K

GENERAL

2022

LOCUS IMPACT INVESTING

$35K

ECOSYSTEM INITIATIVE

2022

COALFIELD DEVELOPMENT CORPORATION

$10K

—

2022

THE MINNEAPOLIS FOUNDATION

$12K

DONOR-RECOMMENDED, ENVIRONMENT

2021

CLAUDE WORTHINGTON BENEDUM FOUNDATION

$75K

TO SUPPORT THE LAUNCH OF INVEST APPALACHIA, AN IMPACT INVESTMENT FUND WITH THE INITIAL GOAL TO RAISE A $5 MILLION COVID-19 RESPONSE AND RESILIENCE FUND SERVING CENTRAL APPALACHIA (OVER TWO YEARS)

2020