FOUNDATION FOR APPALACHIAN KENTUCKY INC Charity Report

Public IRS 990 nonprofit record

FOUNDATION FOR APPALACHIAN KENTUCKY INC

EIN 61-1329396 · Community Foundations (T31)

What they do

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, 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; and (D) to Distribute Property to Qualified Charitable Organizations for Charitable Purposes.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

86.26%of revenue went to mission work79.3% of expenses · Program services

9.19%of revenue went to fundraising8.4% of expenses

$108.84spent for every $100 of revenueSpending was higher than revenue this year.

13.38%of revenue went to management and office costs12.3% of expenses

$3.62in assets for every $1 spent this yearSome assets cannot be spent right away.

86.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $742,113 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $87,350 for KRISTIN COLLINS (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$8,397,592

Mission workProgram services$7,243,65486.26% of revenue79.3% of expenses

ManagementOffice and general costs$1,123,92813.38% of revenue12.3% of expenses

FundraisingAsking for donations$772,1239.19% of revenue8.4% of expenses

Total expenses$9,139,705108.84% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 79.3% mission · 12.3% management · 8.4% fundraisingTotal expenses: 108.84% of revenue

2023Expense mix: 83.5% mission · 10.6% management · 5.9% fundraisingTotal expenses: 89.88% of revenue

2022Expense mix: 91.0% mission · 5.2% management · 3.9% fundraisingTotal expenses: 68.72% of revenue

2021Expense mix: 84.3% mission · 9.2% management · 6.6% fundraisingTotal expenses: 41.70% of revenue

2020Expense mix: 86.8% mission · 8.1% management · 5.1% fundraisingTotal expenses: 75.51% of revenue

2019Expense mix: 91.7% mission · 4.3% management · 4.0% fundraisingTotal expenses: 65.56% of revenue

2018Expense mix: 81.4% mission · 10.2% management · 8.4% fundraisingTotal expenses: 95.51% of revenue

2017Expense mix: 80.4% mission · 9.9% management · 9.7% fundraisingTotal expenses: 53.55% of revenue

Money in and money out

Revenue$8,397,592

Expenses$9,139,705

Annual shortfall $742,113 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$7,243,654 · 79.3% of expenses

Management and office costs$1,123,928 · 12.3% of expenses

Fundraising$772,123 · 8.4% of expenses

See all reported dollar amounts

Revenue$8,397,592

Expenses$9,139,705

Assets$33,062,397

Income$8,397,592

Contributions$7,288,457

Mission work (program services)$7,243,654

Fundraising$772,123

Grants given$17,141,493

Average grant$33,810

Management and general$1,123,928

Executive compensation (total)$98,290

Stocks and bonds$26,434,494

Investing fees$89,370

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KRISTIN COLLINSEXECUTIVE DIRECTOR · 40 hrs/week $87,350

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

KRISTIN COLLINSEXECUTIVE DIRECTOR

CASEY MICHALOVICDIRECTOR

CORY CHESNUTTREASURER

DANIELLE BOCOOKDIRECTOR

DANNY MAGGARDDIRECTOR

JANET SMITHSECRETARY

KATHY ATKINSCHAIR

KEITH GABBARDVICE CHAIR

KETAKI BHATTACHARYYADIRECTOR

MELISSABOND

RANDY CRAFTDIRECTOR

SIMON CHRISTONDIRECTOR

About this charity

Recognized since: January 2000
Location: 420 MAIN ST, HAZARD, KY 41701-1777
County: Perry
In care of: KRISTIN COLLINS
Primary officer: KRISTIN COLLINS, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailinfo@appalachianky.org Phone(606) 439-1357

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CAUDILL & ASSOCIATES CPA PLLC
NTEE classification: Community Foundations (T31)
IRS tax category: Community Foundations
Grant-giving organization: Yes