APPALSHOP INC

EIN: 610890210 501(c)(3) Arts, Culture & Humanities

Whitesburg, KY

Total Revenue
$4,664,004
Total Expenses
$3,721,710
Total Assets
$9,319,234
Net Assets
$9,103,298
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
KY
Principal Officer
Tiffany Sturdivant
Phone
6066330108
Tax Period
2023-10-01 to 2024-09-30

APPALSHOP INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $942K, a strong 20% operating margin.

Mission

APPALSHOP INC. IS A NON-PROFIT MULTI-DISCIPLINARY ARTS AND EDUCATION CENTER LOCATED IN WHITESBURG, KENTUCKY, IN THE HEART OF APPALACHIA, PRODUCING ORIGINAL FILMS, VIDEO, THEATER, MUSIC, SPOKEN WORDS RECORDINGS, RADIO, PHOTOGRAPHY, AND MULTI-MEDIA PRODUCTS.

Program Service Accomplishments

Program 1
Expenses: $292,551 Revenue: $186,833

APPALSHOP FILMS CONTINUES ITS FIFTY-YEAR PLUS TRADITION BY CONTINUING TO DOCUMENT AND TELL THE STORIES OF THE REGION. A WORKING COHORT OF FIVE YOUNG, UP AND COMING FILMMAKERS FROM THE REGION HAS...

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APPALSHOP FILMS CONTINUES ITS FIFTY-YEAR PLUS TRADITION BY CONTINUING TO DOCUMENT AND TELL THE STORIES OF THE REGION. A WORKING COHORT OF FIVE YOUNG, UP AND COMING FILMMAKERS FROM THE REGION HAS SUPPORTED THE FULL TIME FILMMAKERS AT APPALSHOP AND COMPLETED WORK FOR ORGANIZATIONS AND PARTNERS NEEDING VIDEO ASSISTANCE. THE FILMMAKERS' CONTENT HAS BEEN DISTRIBUTED AND SHARED WITH MULTIPLE FILM FESTIVALS, GARNERING AWARDS AT SEVERAL RECENT EVENTS.

Program 2
Expenses: $304,959 Revenue: $179,664

WMMT-FM, APPALSHOP'S PUBLIC COMMUNITY RADIO STATION, BROADCASTING AROUND THE CLOCK, PRIMARILY WITH VOLUNTEER DISC JOCKEYS, WMMT PRODUCES RADIO SERIES THAT ARE DISTRIBUTED NATIONALLY AND PRODUCES...

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WMMT-FM, APPALSHOP'S PUBLIC COMMUNITY RADIO STATION, BROADCASTING AROUND THE CLOCK, PRIMARILY WITH VOLUNTEER DISC JOCKEYS, WMMT PRODUCES RADIO SERIES THAT ARE DISTRIBUTED NATIONALLY AND PRODUCES LOCAL PROGRAMMING INCLUDING "MOUNTAIN TALK" THAT ADDRESSES LOCAL AND REGIONAL ISSUES. THE COMMUNITY CORRESPONDENTS CORPS PROJECT IS TRAINING PEOPLE INSIDE AND OUTSIDE OF APPALSHOP AS LOCAL RADIO PRODUCERS.

Program 3
Expenses: $650,357 Revenue: $364,592

THE APPALSHOP ARCHIVE WAS FIRST FOUNDED IN 2003. PROJECT STAFF, INCLUDING TWO ARCHIVISTS, HAVE EVALUATED THE APPALSHOP ARCHIVES OF FILM, VIDEO, AND AUDIO RECORDINGS, BOTH FINISHED PRODUCTS AND "RAW...

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THE APPALSHOP ARCHIVE WAS FIRST FOUNDED IN 2003. PROJECT STAFF, INCLUDING TWO ARCHIVISTS, HAVE EVALUATED THE APPALSHOP ARCHIVES OF FILM, VIDEO, AND AUDIO RECORDINGS, BOTH FINISHED PRODUCTS AND "RAW TAPE." THEY DESCRIBE THEIR WORK AS "STABILIZING AND ORGANIZING THE COLLECTION" SO IT CAN BE MADE AVAILABLE TO THE PUBLIC AND COMMUNITY. THIS HAS INCLUDED BUILDING A NEW VAULT, PRESERVATION OF WORK IN A VARIETY OF FORMATS, CATALOGUING THE MATERIALS, AND IMPROVING ACCESS TO COLLECTION. THE ARCHIVE PROJECT IS WORKING WITH OTHER APPALSHOP STAFF TO MAKE ARCHIVAL MATERIALS AVAILABLE TO THE PUBLIC IN NEW FORMATS AND TO EVALUATE PAPER HOLDINGS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,050,755
Program Service Revenue $465,228
Investment Income $1,096,484
Other Revenue $51,537
TOTAL REVENUE $4,664,004

Expense Breakdown

Grants Paid $173,080
Salaries & Benefits $2,081,313
Fundraising Expenses $296,995
Program Expenses $2,106,549
Other Expenses $1,467,317
TOTAL EXPENSES $3,721,710

Year-over-Year Comparison

2023 2022 Change
Revenue $4,664,004 $2,390,521 +1.0%
Expenses $3,721,710 $3,593,393 +0.0%
Net Income $942,294 $-1,202,872 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
32
Volunteers
52

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$138,588
Total Directors
11
$354,008
Key Employees
1
$67,018
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIMI PICKERING BOARD MEMBER 40
Director
$75,780 $0 $75,780
ERIC VANHOOSE BOARD MEMBER 40
Officer Director
$71,570 $0 $71,570
TIFFANY STURDIVANT INTERIM EXECUTIVE DIRECTOR 40
Officer Director Key Emp
$67,018 $0 $67,018
TOMMY ANDERSON BOARD MEMBER 40
Director
$48,569 $0 $48,569
JOSHUA OUTSEY BOARD MEMBER 40
Director
$47,079 $0 $47,079
AARON ASBURY VICE CHAIR 40
Director
$43,992 $0 $43,992
BETSY WHALEY BOARD CHAIR 1.5
Officer Director
$0 $0 $0
VALERIE HORN BOARD MEMBER 1.5
Director
$0 $0 $0
NELL FIELDS BOARD MEMBER 1.5
Director
$0 $0 $0
ANNA RICHARDSON WHITE SECRETARY 1.5
Officer Director
$0 $0 $0
THOMAS GAGE TREASURER 1.5
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,664,004 $3,721,710 $9,319,234 $942,294
2023 $2,390,521 $3,593,393 $8,261,039 $-1,202,872
2022 $4,366,517 $3,374,408 $8,657,430 $992,109
2021 $2,149,775 $2,587,951 $8,650,033 $-438,176
2020 $2,458,366 $2,473,315 $8,638,652 $-14,949
2019 $2,309,433 $2,250,090 $7,853,998 $59,343
2018 $2,396,143 $1,962,359 $7,224,404 $433,784
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