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 04/2022, Mountain Association employed 49 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 04/2022, Mountain Association generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $4.2m during the year ending 04/2022. While expenses have increased by 0.7% per year over the past 7 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 113 individual grants totaling $9,007,200. 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
2022
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 SUPPORTMOUNTAIN ASSOCIATION'S LENDING AND BUSINESS SUPPORT PROGRAMS HELP SMALL BUSINESS OWNERS DEVELOP THE TOOLS AND SKILLS THEY NEED TO CREATE QUALITY JOBS THROUGH STRONG BUSINESSES THAT PROVIDE IMPORTANT COMMUNITY SERVICES. WE PROVIDE ACCESS TO INVESTMENT CAPITAL COMBINED WITH TRAINING AND TECHNICAL ASSISTANCE TO INCREASE ENTREPRENEURS' CAPACITY AND LIKELIHOOD OF SUCCESS. AT FISCAL YEAR END, THE COMBINED PORTFOLIO OF MOUNTAIN ASSOCIATION AND ITS AFFILIATED NONPROFIT APPALACHIAN INVESTMENT CORPORATION INCLUDED 200 LOANS TOTALING APPROXIMATELY $17,342,000. THERE WERE 406 LOANS CLOSED DURING FISCAL YEAR 2022, DISBURSING A TOTAL OF APPROXIMATELY $8,274,000. INCLUDED IN THIS WERE 377 PAYCHECK PROTECTION PROGRAM LOANS, TOTALING APPROXIMATELY $5,858,000.
APPALACHIAN TRANSITION COMMUNICATIONS AND POLICYAPPALACHIAN 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.
APPALACHIAN FUNDERS NETWORKTHE APPALACHIAN FUNDERS NETWORK (AFN) CONSISTS OF MEMBER ORGANIZATIONS WHO BELIEVE THAT THEIR PARTICIPATION IN THE NETWORK IS HELPING TO FURTHER THEIR MISSION AND DEEPEN THEIR IMPACT. THE PURPOSE OF AFN IS TO ACCELERATE AN EQUITABLE APPALACHIAN TRANSITION BY CONVENING AND CONNECTING FUNDERS FOR LEARNING, ANALYSIS AND COLLABORATION. AFN'S SEVEN GROUPS AIM TO BUILD COMMUNITY CAPACITY, LEVERAGE RESOURCES INTO THE REGION, EXPLORE EQUITY, ADVANCE FOOD AND AGRICULTURE SYSTEMS, PROMOTE CLEAN ENERGY AND PROTECT NATURAL RESOURCES, REVITALIZE DOWNTOWNS, CELEBRATE ARTS, AND SUPPORT A CULTURE OF HEALTH. PRIOR TO THEIR TRANSITION TO A MORE CLOSELY ALIGNED ORGANIZATION IN 2022, MOUNTAIN ASSOCIATION SERVED AS FISCAL SPONSOR FOR AFN.
CENTRAL APPALACHIAN NETWORKTHE 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 INITIATIVESMOUNTAIN ASSOCIATION'S STRATEGIC INITIATIVES WORK FOCUSES ON OUR COMMITMENT TO DEMONSTRATION PROJECTS AND TARGETED STRATEGIES THAT BENEFIT COMMUNITIES AND INCREASE THEIR CAPACITY. WE DO THIS THROUGH PARTNERING WITH COMMUNITY-BASED ORGANIZATIONS TO UNDERTAKE DOWNTOWN REVITALIZATION AND TOURISM PROJECTS, AND TO OFFER UNIQUE TRAINING PROGRAMS, LIKE OUR HOW TO AIRBNB CLASS AND OUR IMMERSIVE BUSINESS COURSE. THIS TEAM ALSO LEADS OUR EQUITY OUTREACH WORK AND SUPPORTS THE WHAT'S NEXT EKY?! NETWORK, WHICH AIMS TO BRING TOGETHER COMMUNITIES OF EASTERN KENTUCKY TO LEARN FROM EACH OTHER ABOUT WHAT'S WORKING IN THEIR TOWNS.ENERGY PROGRAMSMOUNTAIN ASSOCIATION'S CLEAN ENERGY TEAM HELPS BUSINESSES, NONPROFITS, LOCAL GOVERNMENTS, AND OTHER ENTERPRISES IDENTIFY HOW THEY'RE USING ENERGY AND WHERE OPPORTUNITIES FOR EFFICIENCY AND COST SAVINGS MAY EXIST. THE TEAM ALSO ADMINISTERS HOW$MARTKY, A RESIDENTIAL ENERGY EFFICIENCY PROGRAM THAT WE RUN IN PARTNERSHIP WITH DISTRIBUTION COOPERATIVES FROM THE EAST KENTUCKY POWER COOPERATIVE SYSTEM. THROUGH THIS PROGRAM, WE CREATE MORE AFFORDABLE, COMFORTABLE, DURABLE AND HEALTHY HOUSING THROUGH EDUCATION, WORKSHOPS, AUDITS, AND HELP ACCESSING UTILITY PROGRAMS. 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 SOUND CREDIBLE RESEARCH TO KENTUCKIANS AROUND COMPLEX ISSUES SUCH AS PUBLIC INVESTMENTS, TAXES, EDUCATION, CRIMINAL JUSTICE, HEALTH CARE, JOBS, AND THE ECONOMY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peter Hille Board Member And Corporate | OfficerTrustee | 40 | $140,581 |
Mary Whaley Corporate Vice President | Officer | 40 | $90,722 |
David Wilkerson Corporate Treasurer | Officer | 40 | $87,854 |
Jason Coomes Corporate Secretary | Officer | 40 | $79,462 |
Corey Craig Board Member And Vice Chai | OfficerTrustee | 2 | $0 |
Robin Gabbard Board Member And Chair | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,944,683 |
All other contributions, gifts, grants, and similar amounts not included above | $3,707,861 |
Noncash contributions included in lines 1a–1f | $2,750 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,652,544 |
Total Program Service Revenue | $1,899,475 |
Investment income | $24,690 |
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 | $8,576,709 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,074,769 |
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. | $503,037 |
Compensation of current officers, directors, key employees. | $288,247 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,278,296 |
Pension plan accruals and contributions | $60,971 |
Other employee benefits | $186,560 |
Payroll taxes | $124,791 |
Fees for services: Management | $0 |
Fees for services: Legal | $28,373 |
Fees for services: Accounting | $37,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $811,798 |
Advertising and promotion | $13,038 |
Office expenses | $35,834 |
Information technology | $61,092 |
Royalties | $0 |
Occupancy | $101,987 |
Travel | $23,927 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $82,169 |
Interest | $191,083 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,079 |
Insurance | $20,062 |
All other expenses | -$514,205 |
Total functional expenses | $4,193,321 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $16,572,896 |
Pledges and grants receivable | $1,991,898 |
Accounts receivable, net | $137,527 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $14,132,892 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $14,610 |
Net Land, buildings, and equipment | $1,023 |
Investments—publicly traded securities | $0 |
Investments—other securities | $327,390 |
Investments—program-related | $49,500 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $33,227,736 |
Accounts payable and accrued expenses | $380,139 |
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 | $7,754,654 |
Other liabilities | $0 |
Total liabilities | $8,134,793 |
Net assets without donor restrictions | $17,849,096 |
Net assets with donor restrictions | $7,243,847 |
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 | $33,227,736 |
Over the last fiscal year, Mountain Association For Community Economic Development Inc has awarded $1,069,494 in support to 11 organizations.
Grant Recipient | Amount |
---|---|
Hazard, KY PURPOSE: Appalachia Funders Network Fiscal Sponsorship. | $513,494 |
London, KY PURPOSE: To support public education and other activities leading to increased state revenue in Kentucky and to promote Just Transition for Central Appalachia. | $450,000 |
Athens, OH PURPOSE: Central Appalachian Network participation. | $15,000 |
Boone, NC PURPOSE: Central Appalachian Network participation. | $15,000 |
The Plains, OH PURPOSE: Central Appalachian Network participation. | $15,000 |
Wayne, WV PURPOSE: Central Appalachian Network participation. | $15,000 |
Over the last fiscal year, we have identified 19 grants that Mountain Association For Community Economic Development Inc has recieved totaling $6,069,981.
Awarding Organization | Amount |
---|---|
The Jpb Foundation New York, NY PURPOSE: ADVANCING A JUST TRANSITION IN APPALACHIA | $2,300,000 |
The Jpb Foundation New York, NY PURPOSE: ADVANCING A JUST TRANSITION IN APPALACHIA | $1,150,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: PUBLIC AWARENESS AND ANALYSIS | $500,000 |
James Graham Brown Foundation Inc Louisville, KY PURPOSE: ECONOMIC RECOVERY IN EASTERN KENTUCKY | $500,000 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC PURPOSE: GENERAL OPERATING | $400,000 |
Limestone Foundation Boston, MA PURPOSE: KENTUCKY CENTER FOR ECONOMIC POLICY | $355,000 |
Organization Name | Assets | Revenue |
---|---|---|
Hoosier Uplands Economic Development Corporation Mitchell, IN | $50,608,889 | $20,253,454 |
Mid-Atlantic Broadband Communities Corporation South Boston, VA | $87,739,365 | $16,699,414 |
Adams And Brown Counties Economic Opportunities Inc Georgetown, OH | $10,344,175 | $16,374,406 |
Pride Community Services Inc Logan, WV | $3,436,459 | $7,199,401 |
Kentucky River Area Development District Inc Hazard, KY | $5,857,667 | $4,838,342 |
Missouri Incutech Foundation Rolla, MO | $1,463,624 | $4,973,546 |
Rural Action Inc The Plains, OH | $1,800,530 | $4,307,921 |
Mountain Association For Community Economic Development Inc Berea, KY | $33,227,736 | $8,576,709 |
West Virginia Community Action Partnerships Inc Charleston, WV | $514,969 | $3,682,058 |
Southeast Kentucky Economic Development Corporation Inc Somerset, KY | $28,123,081 | $3,726,346 |
Virginia Coalfield Coalition Inc Lebanon, VA | $15,855,826 | $1,388,700 |
Appalachian Community Action & Development Agency Inc Gate City, VA | $1,460,417 | $1,629,556 |