2025-11-14T14:24:31-06:00 2024-12-31 341310124 REA & ASSOCIATES INC 5400 FRANTZ RD STE 200 DUBLIN OH 43016 990 2024-01-01 453478053 APPALACHIAN PARTNERSHIP INC APPA 7402164449 31480 CHIEFTAIN DR LOGAN OH 43138 GLENDA BUMGARNER PRESIDENT & CEO 7402164449 2025-11-13 1 1 MELISSA DUNKLE CPA P01380769 6148898725 2025-11-10 2024 2025-03-06 01:10:19Z GLENDA BUMGARNER 31480 CHIEFTAIN DR LOGAN OH 43138 2379217 0 X WWW.APPALACHIANPARTNERSHIP.ORG X 2011 OH TO FOSTER ENDURING, WIDELY SHARED PROSPERITY ACROSS APPALACHIAN OHIO BY HELPING BUILD THE REGIONS PRIVATE SECTOR BUSINESS ECONOMY AND WORK WITH BANKS AND REVOLVING LOAN FUNDS AS AN ADDITIONAL OR ALTERNATE FUNDING SOURCE FOR SMALL BUSINESS PROJECTS IN OHIO'S APPALACHIAN-DESIGNATED COUNTIES. 11 11 3 14 0 0 4520802 1555107 37518 71167 211397 255963 241775 496980 5011492 2379217 0 1440507 0 0 1950747 975079 0 0 15131 1435525 1201274 3386272 3616860 1625220 -1237643 15299039 13537782 10681168 10157554 4617871 3380228 X TO FOSTER ENDURING, WIDELY SPREAD PROSPERITY ACROSS APPALACHIAN OHIO BY HELPING BUILD THE REGION'S PRIVATE SECTOR BUSINESS ECONOMY AND WORK WITH BANKS AND REVOLVING LOAN FUNDS AS AN ADDITIONAL OR ALTERNATE FUNDING SOURCE FOR SMALL BUSINESS PROJECTS IN OHIO'S APPALACHIAN-DESIGNATED COUNTIES. 0 0 2751274 568147 BUSINESS DEVELOPMENT - THE APPALACHIAN PARTNERSHIP SERVES THE 32-OHIO FEDERALLY DESIGNATED COUNTIES, AND OUR PURPOSE IS TO DRIVE JOB CREATION, JOB RETENTION, AND NEW CAPITAL INVESTMENTS INTO THE REGION. 502865 1440507 ACCESS TO CAPITAL FOR SMALL BUSINESS DEVELOPMENT - IN 2017, APPALACHIAN PARTNERSHIP, INC. ESTABLISHED A SINGLE MEMBER LLC SUBSIDIARY, APPALACHIAN GROWTH CAPITAL, TO ADDRESS GAPS IN ACCESS TO CREDIT FOR SMALL BUSINESSES. AGC WAS FORMED TO BECOME A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION AS DEFINED BY THE US DEPT. OF THE TREASURY. 3254139 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 3 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X GLENDA BUMGARNER 7402164449 31480 CHIEFTAIN DR LOGAN OH 43138 GLENDA BUMGARNER CEO - API 45.00 X 298012 0 0 ALAN STOCKMEISTER DIRECTOR 1.00 X 0 0 0 BRYAN STEPP DIRECTOR 1.00 X 0 0 0 JACK MCCOY DIRECTOR 1.00 X 0 0 0 LARRY KIDD DIRECTOR 1.00 X 0 0 0 STEVE EVANS DIRECTOR 1.00 X 0 0 0 TOM JOHNSON DIRECTOR 1.00 X 0 0 0 TYLER WILCOX DIRECTOR 1.00 X 0 0 0 TODD BROWN DIRECTOR 1.00 X 0 0 0 TODD COVER DIRECTOR 1.00 X 0 0 0 MIKE ARCHER DIRECTOR 1.00 X 0 0 0 MARJEAN KENNEDY CHAIRPERSON - API & APEG 1.00 X X 0 0 0 298012 0 0 1 0 1 0 0 1229876 325231 1555107 FEE INCOME 900099 71167 71167 71167 255963 255963 MANAGEMENT FEE 900099 496980 496980 496980 2379217 568147 0 255963 1440507 1440507 298012 268211 29801 404517 331947 61668 10902 37728 32231 4912 585 123616 105603 16095 1918 111206 95001 14479 1726 39804 39804 18195 12967 5228 28300 17378 10922 86239 16130 70109 91184 83895 7289 25264 13078 12186 14795 4419 10376 72492 56672 15820 40824 38056 2768 43043 38869 4174 199990 199990 7646 3823 3823 42876 42876 SHARED SERVICES 333789 333789 BAD DEBT 49339 29107 20232 MISCELLANEOUS 36170 21338 14832 DUES AND SUBSCRIPTIONS 34192 34192 37132 37132 3616860 3254139 347590 15131 4910256 4293927 324785 343392 1190946 5045 0 8563262 8776076 107064 588 84800 79588 42846 5212 159880 113542 15299039 13537782 567626 91725 10113542 10065829 10681168 10157554 X 2878519 2398177 1739352 982051 4617871 3380228 15299039 13537782 -1237643 0 X X 0 1 X 1 0 X 4197572 3067637 3276141 4520802 1555107 16617259 4197572 3067637 3276141 4520802 1555107 16617259 108478 16508781 72050 204286 190048 211397 255963 933744 241775 496980 738755 18289758 314651 0.90260 0.95040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 84800 79588 5212 5212 X PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IF ANY. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 1 OHIOSE INC 129 NORTH HIGH STREET UNIT B STE J HILLSBORO OH 45133 992245989 501(C)(3) 353395 235714 FMV ACCOUNTS RECEIVABLE AND PROPERTY AND EQUIPMENT TO CONTRIBUTE NET ASSETS AND OPERATIONS OF A DISCONTINUED SEGMENT TO THIS NEWLY FORMED ENTITY. E CAPITAL PARTNERS LLC PO BOX 2838 ASHTABULA OH 44005 437592 413806 FMV NET NOTES RECEIVABLE TRANSFER OF LOANS TO ENTREPRENEURS. FORM 990, SCHEDULE I PART III THE ORGANIZATION MAINTAINS POLICIES AND PROCEDURES TO MONITOR THE USE OF GRANT FUNDS, CONDUCTING REVIEWS OF EXPENDITURES, AND ENSURING THAT FUNDS ARE USED IN ACCORDANCE WITH THE STATED CHARITABLE PURPOSES AND GRANT AGREEMENTS. X X X X 0 0 0 0 0 0 0 0 0 GLENDA BUMGARNER CEO - API 268211 0 29801 0 0 0 0 0 0 0 298012 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 SOME BOARD MEMBERS ARE OFFICERS/OWNERS OF BUSINESSES THAT CONDUCT BUSINESS WITH EACH OTHER IN THE ORDINARY COURSE OF EACH BUSINESS AND ON THE SAME TERMS AS GENERALLY OFFERED TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 11B DATA FOR THE PREPARATION OF FORM 990 IS PROVIDED TO OUR TAX FIRM. THE FORM 990 DRAFT IS REVIEWED INTERNALLY BY MANAGEMENT FOR ACCURACY OF DETAIL PRIOR TO BOARD REVIEW DURING A BOARD MEETING. ONCE APPROVED BY THE BOARD, THE TAX FIRM SIGNS THE FORM 990 AND ELECTRONICALLY FILES WITH THE IRS. THE ENTIRE BOARD RECEIVES A COPY OF THE FILED FORM 990. FORM 990, PART VI, SECTION B, LINE 12C API'S ANNUAL DISCLOSURE QUESTIONNAIRE IS PROVIDED TO EACH EMPLOYEE, BOARD MEMBER, AND VOLUNTEER/INTERN, TO COMPLETE. COMPLETED QUESTIONNAIRES ARE ANALYZED FOR POTENTIAL CONFLICTS OF INTEREST. REPORTABLE TRANSACTIONS ARE REPORTED ON FORM 990. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PACKAGES OF THE ORGANIZATION'S OFFICERS IS DETERMINED THROUGH A PROCESS THAT INCLUDES REVIEW AND APPROVAL BY INDEPENDENT BOARD MEMBERS. COMPARABLE DATA FROM SIMILAR ORGANIZATIONS IS USED TO ASSESS THE INITIAL COMPENSATION LEVELS AND PERFORMANCE REVIEWS ARE USED TO EVALUATE CHANGES. THE DECISIONS MADE BY THE ORGANIZATION ARE DOCUMENTED IN MEETING MINUTES/PERSONNEL FILES. THE INITIAL COMPENSATION PACKAGE FOR THE PRESIDENT/CEO WAS COMPILED BY AN EXECUTIVE SEARCH FIRM, WITH THE BOARD APPROVING THE RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND VIA ANOTHER'S WEBSITE, GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C OVERSEES THE REVIEW OF THE AUDITED FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THE PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. APPALACHIAN PARTNERSHIP FOR ECONOMIC GROWTH PO BOX 456 NELSONVILLE OH 45764 GROWTH OF ECONOMIC DEVELOPMENT AND EDUCATIONAL SERVICES OF APPALACHIAN OHIO OH 0 0 APPALACHIAN PARTNERSHIP INC APPALACHIAN GROWTH CAPITAL PO BOX 456 NELSONVILLE OH 46810 FUNDING SOURCES FOR SMALL BUSINESS PROJECTS IN OHIO'S APPALACHIAN COUNTIES OH -877540 13051807 APPALACHIAN PARTNERSHIP INC OHIOSE INC 129 NORTH HIGH ST UNIT B STE J HILLSBOROR OH 45133 992245989 BUSINESS DEVELOPMENT OH 501(C)(3) LINE 8 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 OHIOSE INC B 589109 CASH VALUE APPALACHIAN PARTNERSHIP FOR ECONOMIC GROWTH DBA OHIOSE J 24000 CASH VALUE APPALACHIAN PARTNERSHIP FOR ECONOMIC GROWTH DBA OHIOSE O 298318 CASH VALUE APPALACHIAN GROWTH CAPITAL J 12000 CASH VALUE APPALACHIAN GROWTH CAPITAL O 118209 CASH VALUE FORM 990 SCHEDULE R APPALACHIAN PARTNERSHIP INC. IS THE SOLE MEMBER OF THE APPALACHIAN PARTNERSHIP FOR ECONOMIC GROWTH, LLC (DOING BUSINESS AS "OHIO SOUTHEAST ECONOMIC DEVELOPMENT AND REFERRED TO AS "APEG"), A NOT-FOR-PROFIT ORGANIZATION. EFFECTIVE JUNE 1, 2024 THE OPERATIONS AND NET ASSETS OF APEG WERE TRANSFERRED TO A NEWLY FORMED ENTITY, OHIOSE, INC. APEG'S ACTIVITY THROUGH MAY 31, 2024 IS PRESENTED ON A NET BASIS ON THE CONSOLIDATED STATEMENT OF ACTIVITY AS DISCONTINUED OPERATIONS.