Appalachian Partnership Inc.

“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.”

“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.”

“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 in form 990.”

“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.”

“The organization's form 990 is made available to the public upon request and via another's website, guidestar.org.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“To foster enduring, widely shared prosperity across appalachian ohio by helping build the region's private sector business economy as well as work with banks and revolving loan funds as an additional or alternate funding source for small business projects in ohio's appalachian-designated counties.”

“In 2017, api began year 1 of 3 year appalachian regional council (arc) grant. Api then created the subsidiary appalachian growth capital (agc) which is designed to become a community development financial institution (cdfi), a special type of lending institution designed to support small businesses. Agc will work with banks and revolving loan funds as an additional or alternate funding sources for small business projects in ohio's appalachian-designated counties.”

“In 2017, changes in the state and federal reimburesment mechanisms, that supported the manufacturing extension partnership (mep) field staff to work with clients, made it impossible for api to continue to serve in this role. Therefore api decided to cease conducting mep program services effective september 30, 2017.”

“Other subcontracted services: program service expenses 121,968. Management and general expenses 0. Fundraising expenses 0. Total expenses 121,968. Other professional fees: program service expenses 160,373. Management and general expenses 1,526. Fundraising expenses 0. Total expenses 161,899.”

“Oversees the review of the audited financial statements and the selection of the independent accountant. The process remains unchanged from the prior year.”