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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Appalachian Fund Management Company Inc.

Appalachian Fund Management Company Inc.

Fiscal year ending 2020. Filed on September 8, 2021.

PO Box 1738
London, Kentucky 40743

Appalachian Fund Management Company Inc. (EIN: 61-1399975) has filed an IRS Form 990 from fiscal year 2017–2020. In its fiscal year 2020 IRS Form 990 filing, Appalachian Fund Management Company Inc., a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $372,516. The highest compensated employee at Appalachian Fund Management Company Inc. is Brenda McDaniel with fiscal year 2020 compensation of $468,113.

Revenue, expenses, and employee compensation

Revenue

$50,054

Expenses

$55,736

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Brenda McDaniel
Secretary and Treasurer
$468,113
$0 $402,264 $65,849
Grady Vanderhoofven
President and Director
$276,919
$0 $261,185 $15,734

Benchmark Employee Compensation

Non-Employee Board Members

L Ray Moncrief
Chief Executive Officer and Director
$90,122
$0 $90,122 No other comp
Thomas Rogers
Director
No compensation reported

Contractors

Kentucky Highlands Investment Corp.
Management Fees
$120,685

Mission Statement

THE ORGANIZATION SERVES AS THE GENERAL PARTNER OF SOUTHERN APPALACHIAN FUND, LP, A NEW MARKETS VENTURE CAPITAL COMPANY. AS SUCH, IT WILL PROVIDE MANAGEMENT SERVICES TO THE NMVCC TO INSURE PROGRAM RELATED COHESIVE AND PRUDENT INVESTMENTS IN THE APPALACHIAN CORRIDOR.

Revisions to this organization profile

September 8, 2021:
2020 Appalachian Fund Management Company Inc. 990 filed
September 8, 2020:
2019 Appalachian Fund Management Company Inc. 990 filed
November 13, 2019:
2018 Appalachian Fund Management Company Inc. 990 filed

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