Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 84-2748180

INVEST APPALACHIA INC

Tax-exempt · ASHEVILLE, NC 28801

Financials

$1.9M$2.3M2023$4.6M$2.3M2024$6.7M$4.3M2025
Revenue Expenses · by fiscal year end
Financials of INVEST APPALACHIA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$6,710,445$4,301,647$2,408,798$7,992,533$913,698$7,078,835
December 31, 2024990$4,550,890$2,279,313$2,271,577$5,396,750$726,713$4,670,037
December 31, 2023990$1,917,636$2,340,722-$423,086$3,020,288$621,828$2,398,460
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$5,878,079
Program service revenue
$677,000
Investment income
$155,366
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$155,000
Other salaries and wages
$739,249
Salaries, compensation and benefits (total)
$894,249
Professional fundraising fees
$0
Program services (functional)
$4,077,022
Management and general (functional)
$179,913
Fundraising (functional)
$44,712

Balance sheet and other

Total assets, start of year
$5,396,750
Total assets, end of year
$7,992,533
Total liabilities, end of year
$913,698
Net assets, end of year
$7,078,835
Net assets without donor restrictions
$1,017,349
Net assets with donor restrictions
$6,061,486
Gross receipts
$6,710,445
Employees
8
Year formed
2019
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
ANDREW CROSSONCEO
Trustee or director, Officer
40$155,000
ZURILMA ANUELBOARD MEMBER
Trustee or director
2$0
KIM DAVISBOARD MEMBER
Trustee or director
2$0
MICHELLE FOSTERBOARD MEMBER
Trustee or director
2$0
HOPE HUSKEYBOARD MEMBER
Trustee or director
2$0
KAREN JACOBSONBOARD MEMBER
Trustee or director
2$0
TOM MANNING-BEAVENBOARD MEMBER
Trustee or director
2$0
DEB MARKLEYBOARD MEMBER
Trustee or director
2$0
SARA MORGANBOARD TREASU
Trustee or director, Officer
2$0
DEBBIE PHILLIPSBOARD MEMBER
Trustee or director
2$0
KERRY PIGMANBOARD MEMBER
Trustee or director
2$0
BILL POLLARDBOARD MEMBER
Trustee or director
2$0
STEPHANIE RANDOLPHBOARD SECRET
Trustee or director, Officer
2$0
STEPHANIE TYREEBOARD PRESID
Trustee or director, Officer
2$0
990 for the year ended December 31, 2024: 13 people
NameTitleHours / weekCompensation
ZURILMA ANUELBOARD MEMBER
Trustee or director
–$0
ANDREW CROSSONEXECUTIVE DI
Trustee or director, Officer
–$0
MICHELLE FOSTERBOARD MEMBER
Trustee or director
–$0
EARL GOHLBOARD MEMBER
Trustee or director
–$0
KAREN JACOBSONBOARD MEMBER
Trustee or director
–$0
SARA MORGANBOARD TREASU
Trustee or director, Officer
–$0
SCOTT MCREYNOLDSBOARD MEMBER
Trustee or director
–$0
DEBBIE PHILLIPSBOARD MEMBER
Trustee or director
–$0
KERRY PIGMANBOARD MEMBER
Trustee or director
–$0
BILL POLLARDBOARD MEMBER
Trustee or director
–$0
STEPHANIE RANDOLPHBOARD PRESID
Trustee or director, Officer
–$0
BILL SHELTONBOARD MEMBER
Trustee or director
–$0
STEPHANIE TYREEBOARD SECRET
Trustee or director, Officer
–$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
ANDREW CROSSONEXECUTIVE DI
Trustee or director, Officer
40$120,200
ZURILMA ANUELBOARD MEMBER
Trustee or director
5$0
MICHELLE FOSTERBOARD MEMBER
Trustee or director
5$0
EARL GOHLBOARD MEMBER
Trustee or director
5$0
KAREN JACOBSONBOARD MEMBER
Trustee or director
5$0
SARA MORGANBOARD TREASU
Trustee or director, Officer
5$0
SCOTT MCREYNOLDSBOARD MEMBER
Trustee or director
5$0
DEBBIE PHILLIPSBOARD MEMBER
Trustee or director
5$0
KERRY PIGMANBOARD MEMBER
Trustee or director
5$0
BILL POLLARDBOARD MEMBER
Trustee or director
5$0
STEPHANIE RANDOLPHBOARD PRESID
Trustee or director, Officer
5$0
BILL SHELTONBOARD MEMBER
Trustee or director
5$0
STEPHANIE TYREEBOARD SECRET
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
45 S FRENCH BROAD AVE STE 170, ASHEVILLE, NC 28801-3364
In care of
% PATTERSON BELKNAP ET AL
Principal officer (990 for 2025)
ANDREW CROSSON, 1456 D PATTON AVE, ASHEVILLE, NC 28806
Signed the 990
ANDREW CROSSON, CEO
Phone
(304) 644-6001
Return prepared by
CRAFT WANINGER NOBLE & COMPANY PLLC

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.

990 for the year ended December 31, 2025

Program accomplishments

  • INVEST APPALACHIA AIMS TO CHANGE THE RELATIONSHIP BETWEEN COMMUNITIES AND CAPITAL. WE ARE COMMITTED TO A STRATEGY THAT TAKES THE BEST OF IMPACT INVESTING AND MAKES IT WORK FOR APPALACHIA - PUTTING IMPACT FIRST. INVEST APPALACHIA SUPPORTS ECONOMIC DIVERSIFICATION AND MARKET GROWTH THAT IS LOCALLY-ROOTED, INCLUSIVE, AND SUSTAINABLE, WHILE INCREASING THE REGIONS OVERALL CAPACITY AND INVESTABILITY. AND WE ARE COMMITTED TO A PROCESS AND STRUCTURE THAT IS ROOTED IN OUR FOUNDING VALUES: PARTICIPATORY, DEMOCRATIC, AND TRANSPARENT, WITH A FOCUS ON INCREASING RACIAL, GENDER, & SOCIOECONOMIC EQUITY, ECONOMIC SELF- SUFFICIENCY, AND LOCAL WEALTH-BUILDING.
    Expenses $4,077,022

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
84-2748180
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C12)
Assets (IRS master file)
$7,992,533
Income (IRS master file)
$6,710,445

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$6,710,445$4,301,647$7,992,533XML
990December 2024$4,550,890$2,279,313$5,396,750IRS
990December 2023$1,917,636$2,340,722$3,020,288XML
990December 2022$3,949,703$1,332,606$3,205,567IRS
990December 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-2748180).

Questions about INVEST APPALACHIA INC

What is the EIN of INVEST APPALACHIA INC?
The employer identification number (EIN) of INVEST APPALACHIA INC is 84-2748180.
Is INVEST APPALACHIA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to INVEST APPALACHIA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INVEST APPALACHIA INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INVEST APPALACHIA INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INVEST APPALACHIA INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of INVEST APPALACHIA INC?
The 990 for the year ended December 31, 2025 names ANDREW CROSSON.
Who are the officers and directors of INVEST APPALACHIA INC?
The 990 for the year ended December 31, 2025 lists 14 people; 1 received compensation from the organization, the highest $155,000 (ANDREW CROSSON, CEO).
How much revenue does INVEST APPALACHIA INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $6,710,445, expenses of $4,301,647 and total assets of $7,992,533 at year end.

Other nonprofits in ASHEVILLE

All nonprofits in ASHEVILLE · North Carolina · Environment