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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peter Hille President | Officer | 40 | $157,206 |
William Coomes Corporate VP | Officer | 40 | $90,292 |
Kacie Zechman Corporate Tr | Officer | 40 | $91,185 |
Toni Wells Corporate Se | Officer | 40 | $74,452 |
Hasan Davis Vice Chair | OfficerTrustee | 1 | $0 |
Robin Gabbard President | OfficerTrustee | 1 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $765,191 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $445,929 |
Compensation of current officers, directors, key employees. | $319,525 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,774,202 |
Pension plan accruals and contributions | $110,666 |
Other employee benefits | $355,011 |
Payroll taxes | $167,505 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $932,350 |
Advertising and promotion | $15,081 |
Office expenses | $44,282 |
Information technology | $27,868 |
Royalties | $0 |
Occupancy | $98,600 |
Travel | $124,521 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $92,778 |
Interest | $245,316 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $42,390 |
Insurance | $16,394 |
All other expenses | $11,935 |
Total functional expenses | $5,452,825 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $15,247,340 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $3,116,836 |
Accounts receivable, net | $174,970 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $18,895,062 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $24,345 |
Net Land, buildings, and equipment | $160,179 |
Investments—publicly traded securities | $339,923 |
Investments—other securities | $0 |
Investments—program-related | $49,500 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $38,008,155 |
Accounts payable and accrued expenses | $340,425 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $8,438,897 |
Other liabilities | $0 |
Total liabilities | $8,779,322 |
Net assets without donor restrictions | $19,269,943 |
Net assets with donor restrictions | $9,958,890 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $38,008,155 |
Over the last fiscal year, Mountain Association For Community Economic Development Inc has awarded $765,191 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
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 |