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APPLICANT

Foundation for Appalachian Kentucky

Total Qualifying Score: 9
County (ARC Region): Yes
State (ARC Region): Yes
Q3. IRS Status: Nonprofit – 2
Q4. Parent Entity: No – 1
Q5. 2 or More Full-Time Employees : Yes (as of 12/31/2019)
Q7. Budget Level: $250,001 to $1.5 million – 5 (Last Fiscal Year Actual Income)
Q8. Restricted Reserves: No – 1
Q9. CARES Act Funding: Yes – 0
Q13. Participation by Executive: Yes


CONTACT & LOCATION INFORMATION

Foundation for Appalachian Kentucky
HAZARD, Perry County, Kentucky 41701-0000
606-439-1357
Email
www

County (ARC Region) Perry
State (ARC Region) Kentucky


ORGANIZATIONAL & FINANCIAL INFORMATION

Q1. Mission:

A catalyst for community collaboration and charitable giving; building capacity and creating permanent , locally controlled community assets as sustainable resources to improve quality of life and place in southeastern Kentucky.A catalyst for community collaboration and charitable giving; building capacity and creating permanent , locally controlled community assets as sustainable resources to improve quality of life and place in southeastern Kentucky.

Q2. How organization aligns with ARC’s Plan & Goals:

The Foundation for Appalachian Kentucky was created by people committed to removing barriers and promoting opportunities for people and communities to thrive.   Since inception, our strategies have prioritized investment rather than charity, targeting money and resources in ways that expand opportunity for business and growth, with a goal of increased sustainability and capacity within our communities to create solutions and to leverage the resources.  We are beginning to see working solutions emerge across multiple counties, putting self-determination and opportunity back in the hands of the people who live here.  Solidly grounded in and with communities of people committed to tackling complex social problems, the Foundation for Appalachian Kentucky is a nontraditional community foundation with roots in rural economic development serving a high need, under resourced region of the country.  We consistently adhere to these three core strategies:

  1. We build community – We engage in community building that promotes the development of our communities as places of bold opportunity for all children and families.
  2. We build capacity – We are developing a stable, locally based regional organization anchored in Perry County, KY and promoting local identity with regional vision across all of Eastern Kentucky.
  3. We build assets – We promote asset building through community philanthropy and investment capital as powerful tools for community development and to provide for flexibility and focus on long term impact.

Q3. IRS Filing Status: 501(c)(3)   

Q4. Unit or Chapter of Larger Organization: No

Q5. Employees:

Full-Time/Part-Time Employees: 8/0 (as of 9/1/2020)

Full-Time/Part-Time Employees: 7/0 (as of 12/31/2019)

Current Year Income/Expenses: $900,000/$924,000

Q6. Fiscal Year: Calendar

Q7. Budget Level

Last Fiscal Year Income/Expenses (Actual): $1,442,162 / $960,174

Current Year Income/Expenses (Projected): $900,000 / $924,000

Q8. Restricted Reserves (Amount): No ($)

Q9. CARES Act Funding (Amount): Yes ($103,100)
Received From: Paycheck Protection Program   Date Received: May 1, 2020
For What Purpose(s): Payroll

Q10. Negative Impacts from COVID-19:

We are a relationship based business, providing infrastructure that provides infrastructure for philanthropic capital to flow into the region.  Being unable to travel, network and attend conferences, have business meetings and “pitch” opportunities for high net worth individuals and foundations outside of our region has severely impacted our ability to raise operating funds to maintain the infrastructure.

Q11. Top Three Concerns:
Operating cash on hand – we have less than 6 months on hand.
Inability to connect with donors and investors,
That the market will crash due to economic uncertainty.

How Participation in Program Will Address Concerns:

I’d like some help thinking/learning about how to access funding opportunities without being able to network with people.  Beyond government grants, I really only have experience with relationship based fundraising with foundations and high net worth individuals.  How can those of us who are in rural, remote, isolated communities get access to the people we need to be talking to?


COHORT INSTRUCTION

Q12. Applying as a Proposed Cohort? Yes

List of Organizations in Proposed Cohort:
Appalachian Early Childhood Network
Appalachian Arts Alliance
Housing Development Alliance

Q13. Executive Director or CEO Will Participate in the Program? Yes

Q14. Top Two Choices for Cohort Instruction:

Course #1 Choice: 1-Fundraising

Course #2 Choice: 2-Fundraising

Q15. Desired Course Schedule for Cohort Instruction:

#1 Desired Course Schedule: 1-Fall 2020: 11-Week Course (Nov. 9, 2020 -Jan. 24, 2021)

#2 Desired Course Schedule: 2-Winter 2021: 10-Week Course (Jan. 25. 2021 – Apr. 4, 2021)


APPLICATION SUBMITED BY:

Name: Gerry Roll Roll, Executive Director

Application Approved by Organization Director or CEO? Yes, Approved by Executive Director/CEO

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