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Christian Appalachian Project

CharityWatch report issued
August 2021

D
CharityWatch Grade
Our independent grade based
on a number of factors.
 
44%
Program Percentage
Amount spent on programs
relative to overhead.
 
$42
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Christian Appalachian Project
485 Ponderosa Drive
PO Box 1768
Paintsville, KY 41240

Other Names

None

Tax Status

501(c)3

Stated Mission

Building hope, transforming lives, and sharing Christ's love through service in Appalachia.

View similar charities
Data based on Fiscal Year Ended 08/31/2020

Program Percentage: 44%

The percentage of Christian Appalachian Project's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$28,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $42

How many dollars Christian Appalachian Project spends on fundraising to raise each $100 of contributions.

$27,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Christian Appalachian Project IRS Form 990 61-0661137
Christian Appalachian Project Audited Financial Statements 61-0661137
Entity: Christian Appalachian Project
Document Type: IRS Form 990
Tax ID: 61-0661137
Entity: Christian Appalachian Project
Document Type: Audited Financial Statements
Tax ID: 61-0661137

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Christian Appalachian Project
does not meet governance benchmarks.
 
Christian Appalachian Project
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy Opt-Out Policy  

  Name Title Compensation
1 Guy Adams President/CEO $224,186
2 Brian Stiefel Controller $145,909
3 Gloria Jordan VP of Administration $141,395
1
Name: Guy Adams
Title: President/CEO
Compensation: $224,186
2
Name: Brian Stiefel
Title: Controller
Compensation: $145,909
3
Name: Gloria Jordan
Title: VP of Administration
Compensation: $141,395

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Christian Appalachian Project (CAP) audit of August 31, 2020 (Note 12, Contributions of Materials & Note 13, Contributed Services), CAP received donated in-kind materials and contributed in-kind services in fiscal 2020 on which it placed a value of $106,706,561 and $286,345, respectively.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Christian Appalachian Project (CAP) audit of August 31, 2020 (Note 16, Paycheck Protection Program):

"On March 27, 2020, President Trump signed into law the CARES Act, which, among other things, outlines the provisions of the Paycheck Protection Program (the PPP). ... On June 5, 2020, the Paycheck Protection Program Flexibility Act was signed into law and extended the program until December 31, 2020, as well as revised certain terms associated with the PPP.

"On April 14, 2020, CAP received a PPP loan from Community Trust Bank, Inc. in the amount of $1,481,900. The PPP loan matures on April 13, 2022 and bears interest at a rate of 1.00% per annum. Monthly principal and interest payments are deferred until the date on which the Small Business Administration remits the amount of forgiveness to Peoples Bankcorp, Inc. or 10 months subsequent to the end of the PPP loan forgiveness covered period, whichever is earlier. The interest accrued during the deferral period, that is not forgiven, becomes due and payable throughout the remainder of the loan term once notified by Community Trust Bank, Inc. subsequent to the date when forgiveness of the PPP loan was determined. Any remaining principal balance that is not forgiven is due and payable on the maturity date...

"It is CAP's intent to apply for loan forgiveness under the provisions of the CARES Act, however, no assurance is provided that CAP will obtain forgiveness of the PPP loan in whole or in part."

According to the Christian Appalachian Project (CAP) audit of August 31, 2020 (Note 17, Business Disruption):

"In March 2020, the World Health Organization declared the coronavirus (COVID-19) outbreak to be a pandemic. COVID-19 continues to spread across the globe and is impacting worldwide economic activity and financial markets. The continued spread of the disease represents a significant risk that operations could be disrupted in the near future.

"The extent to which COVID-19 impacts CAP will depend on future developments, which are highly uncertain and cannot be predicted. As a result, CAP has not yet determined the impact this disruption may have on its financial statements for the year ending August 31, 2021."


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