Mountain Association For Community Economic Development Inc

Organization Overview

Mountain Association For Community Economic Development Inc, operating under the name Mountain Association, is located in Berea, KY. The organization was established in 1977. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 04/2024, Mountain Association employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 04/2024, Mountain Association generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $5.5m during the year ending 04/2024. While expenses have increased by 3.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Mountain Association has awarded 112 individual grants totaling $8,311,633. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

THE MOUNTAIN ASSOCIATION INVESTS IN PEOPLE AND PLACES IN EASTERN KENTUCKY TO ADVANCE A JUST TRANSITION TO A NEW ECONOMY THAT IS MORE DIVERSE, SUSTAINABLE, EQUITABLE AND RESILIENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LENDING AND BUSINESS SUPPORT THE LENDING TEAM OFFERS LOANS TO EXISTING AND STARTUP BUSINESSES AND ORGANIZATIONS. AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION AND A NONPROFIT, THE ORGANIZATION CAN OFFER GREATER FLEXIBILITY AND LEND TO FOLKS WHO MAY NOT OTHERWISE QUALIFY. THE BUSINESS SUPPORT PROGRAM CONNECTS BUSINESS OWNERS AND NONPROFIT LEADERS TO CONSULTANTS WHO CAN HELP THEM SUCCEED - FROM WEBSITE DEVELOPMENT TO PROFESSIONAL PHOTOGRAPHY, AND MORE. AT FISCAL YEAR END, THE COMBINED PORTFOLIO OF MOUNTAIN ASSOCIATION AND ITS AFFILIATED NONPROFIT APPALACHIAN INVESTMENT CORPORATION INCLUDED 197 LOANS TOTALING APPROXIMATELY 21,680,056. THERE WERE 53 LOANS CLOSED DURING FISCAL YEAR 2024, DISBURSING A TOTAL OF APPROXIMATELY 6,596,227.


OTHER PROGRAM SERVICES CENTRAL APPALACHIAN NETWORK THE CENTRAL APPALACHIAN NETWORK (CAN)'S MISSION IS TO DEVELOP AND DEPLOY ECONOMIC STRATEGIES THAT BUILD WEALTH IN LOCAL COMMUNITIES, CONSERVE NATURAL AND CULTURAL RESOURCES, AND EMPOWER MARGINALIZED COMMUNITIES. CAN WORKS IN COLLABORATION ACROSS SECTORS, PARTNERING WITH OTHER NON-PROFITS, COMMUNITY GROUPS, FUNDERS, EDUCATIONAL INSTITUTIONS, LOCAL GOVERNMENT, AND PRIVATE BUSINESS. CAN ACTIVELY PURSUES ECONOMIC TRANSITION IN CENTRAL APPALACHIAN COMMUNITIES THROUGH A VARIETY OF ECONOMIC SECTORS AND MARKET- BASED STRATEGIES. MOUNTAIN ASSOCIATION SERVES AS FISCAL SPONSOR FOR CAN. STRATEGIC INITIATIVES THE STRATEGIC INITIATIVES PROGRAM WORKS TO BUILD RELATIONSHIPS WITH COMMUNITIES IN EASTERN KENTUCKY BY HELPING THEM DESIGN AND BUILD UNIQUE AND PLACE-BASED INTERVENTIONS IN ECONOMIC SECTORS THAT FILL GAPS AND DEMONSTRATES WHAT'S POSSIBLE IN THE REGION'S NEW ECONOMY. THIS INCLUDES HELPING TO DEVELOP AND SUPPORT A GRASSROOTS NETWORK OF COMMUNITY GROUPS FOCUSED ON DIVERSIFYING THEIR LOCAL ECONOMIES, AS WELL AS HELPING COMMUNITIES PLAN FOR AND RESPOND TO CLIMATE CHANGE AND CLIMATE DISASTERS. AS A PART OF THIS WORK, THE ORGANIZATION ALSO CONTINUES DEEP, LONG-TERM INVESTMENT IN HAZARD, KENTUCKY AS A WAY TO SHOW HOW COLLABORATIVE WORK AND COMMUNITY DEVELOPMENT PROJECTS CAN, OVER TIME, FORWARD A NEW ECONOMY. GENERAL COMMUNITY DEVELOPMENT HISTORICALLY, MOUNTAIN ASSOCIATION HAS PROVIDED ADMINISTRATIVE SUPPORT SERVICES TO AND HAS MAINTAINED A JOINT EMPLOYER RELATIONSHIP WITH SEVERAL SMALL NONPROFITS WHOSE MISSIONS CLOSELY ALIGN WITH THE ORGANIZATION. CURRENTLY, MOUNTAIN ASSOCIATION PROVIDES THESE SERVICES TO KENTUCKY NATURAL LANDS TRUST (KNLT) AND KENTUCKY CENTER FOR ECONOMIC POLICY (KY POLICY). KNLT IS A NONPROFIT CONSERVATION ORGANIZATION WORKING TO SECURE FUNDS TO PROTECT NATURAL LANDS AND PROVIDE FOR THEIR LONG-TERM STEWARDSHIP. KY POLICY PRODUCES CREDIBLE RESEARCH TO KENTUCKIANS AROUND COMPLEX ISSUES SUCH AS PUBLIC INVESTMENTS, TAXES, EDUCATION, CRIMINAL JUSTICE, HEALTH CARE, JOBS, AND THE ECONOMY. AS PART OF ITS MISSION, MOUNTAIN ASSOCIATION ALSO SERVES AS A FISCAL SPONSOR FOR UNINCORPORATED NONPROFIT PROJECTS DOING WORK THAT SUPPORTS OUR GOALS. FISCALLY SPONSORED PROJECTS ARE DIRECT ACTIVITIES OF MOUNTAIN ASSOCIATION.


APPALACHIAN TRANSITION COMMUNICATIONS & POLICY APPALACHIAN TRANSITION IS BOTH THE OVERARCHING FRAMEWORK OF OUR VISION FOR APPALACHIA'S BRIGHTER FUTURE AND A BODY OF WORK AIMED AT MOVING US TOWARD THAT FUTURE. THIS TEAM IS FOCUSED ON CONDUCTING COMMUNICATIONS CAMPAIGNS, TELLING IMPORTANT STORIES THROUGH A BROAD RANGE OF AVENUES, AND CONNECTING WITH LEADERS AND ORGANIZATIONS ACROSS THE COUNTRY AS PART OF SHIFTING THE CONVERSATIONS ABOUT THE REGION, OUR ECONOMIC TRANSITION AND OUR BRIGHT FUTURE.


ENERGY PROGRAMS THE ORGANIZATION'S ENERGY EXPERTS HELP BUSINESSES, NONPROFITS, AND PUBLIC AGENCIES FIND MUCH-NEEDED ENERGY SAVINGS THROUGH UTILITY BILL ANALYSIS, ON-SITE ENERGY EFFICIENCY AND SOLAR ASSESSMENTS, FINANCING, AND GRANT APPLICATION SUPPORT.


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Board, Officers & Key Employees

Name (title)Compensation
Peter Hille
President
$157,206
William Coomes
Corporate VP
$90,292
Kacie Zechman
Corporate Tr
$91,185
Toni Wells
Corporate Se
$74,452
Hasan Davis
Vice Chair
$0
Robin Gabbard
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,582,563
All other contributions, gifts, grants, and similar amounts not included above$5,159,141
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,741,704
Total Program Service Revenue$1,285,432
Investment income $67,497
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,094,633

Grants Awarded

Over the last fiscal year, Mountain Association For Community Economic Development Inc has awarded $765,191 in support to 7 organizations.

Grant RecipientAmount

CITY OF MIDDLESBORO

PURPOSE: SOLAR PROJECT

$87,700

HOUSING DEVELOPMENT ALLIANCE INC

PURPOSE: SOLAR PROJECT

$14,742

KENTUCKY COALITION

PURPOSE: SUPPORT PUBLIC ED

$450,000

HOUSING ORIENTED MINISTRIES INC

PURPOSE: SOLAR PROJECT

$34,830

LESLIE COUNTY FISCAL COURT

PURPOSE: SOLAR PROJECT

$70,000

MARTIN COUNTY SCHOOL DISTRICT

PURPOSE: SOLAR PROJECT

$94,000
View Grant Profile

Peer Organizations

Organization NameAssets
Mid-Atlantic Broadband Communities Corporation
South Boston, VA
$19,027,098
Adams And Brown Counties Economic Opportunities Inc
Georgetown, OH
$19,266,875
Pride Community Services Inc
Logan, WV
$7,412,250
Kentucky River Area Development District Inc
Hazard, KY
$6,007,276
Mountain Association For Community Economic Development Inc
Berea, KY
$8,094,633
Rural Action Inc
The Plains, OH
$5,315,874
Missouri Incutech Foundation
Rolla, MO
$4,537,563
West Virginia Community Action Partnerships Inc
Charleston, WV
$3,873,141
Appalachian Community Action & Development Agency Inc
Gate City, VA
$2,269,116
Southeast Kentucky Economic Development Corporation Inc
Somerset, KY
$2,403,223
Stark Economic Development Board Inc
Canton, OH
$1,169,229
Virginia Coalfield Coalition Inc
Lebanon, VA
$1,326,593
Community Farm Alliance Inc
Berea, KY
$1,669,460
Appalachian Center For Economic Networks Inc
Athens, OH
$1,209,382
Appalachian Forest Heritage Area Inc
Elkins, WV
$1,192,951
Kentucky Mountain Housing Development Corporation Inc
Manchester, KY
$1,017,259
Lawrenceburg Main Street Inc
Lawrenceburg, IN
$1,000,588
Backroads Of Appalachia
Lynch, KY
$1,117,241
New Covenant Community Development
Chicago, IL
$1,064,357
Meigs County Community Improvement Corporation
Pomeroy, OH
$838,435
Northeast Missouri Regional Planning Commission
Memphis, MO
$562,360
Fayette County Local Development Corporation
Lexington, KY
$654,818
Southernmost Illinois Delta Empowerment Zone
Mounds, IL
$590,897
Graves County Economic Development Inc
Mayfield, KY
$1,841,300
Appalachian Independence Center Inc
Abingdon, VA
$520,901

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