Mountaincare Inc
- Assets
- $3.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 58
- Location
- Asheville, NC
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 56-2005198
Organization Overview
Mountaincare Inc is located in Asheville, NC. The organization was established in 1998. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2022, Mountaincare Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountaincare Inc 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 12/2022, Mountaincare Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (38.2%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (37.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MOUNTAINCARE PROVIDES SUPPORTIVE AND ENRICHING ADULT DAY SERVICES ENABLING OLDER ADULTS TO AGE IN PLACE. WE ASPIRE TO BE AN UNWAVERING PARTNER FOR ADULTS AND THOSE WHO CARE FOR THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNTAINCARE PROVIDES CRITICAL SERVICES THAT FULFILL AN IMPORTANT NEED WITHIN OUR WESTERN NORTH CAROLINA COMMUNITIES, BETWEEN THE SERVICES THAT MOUNTAINCARE PROVIDES, INCLUDING ADULT DAY SERVICES AND THE SEATING & WHEELED MOBILITY CLINIC, WE SERVE A LARGE AUDIENCE WITHIN THE REGION, WITH A GREAT DEAL OF SUPPORT TO THE RAPIDLY GROWING OLDER ADULT POPULATION AS THAT DEMOGRAPHIC SETS TO INCREASE AT EXPONENTIAL RATES IN COMING YEARS.
OUR AWARD-WINNING MOUNTAINCARE ADULT DAY SERVICES CENTERS PROVIDE AN ENJOYABLE AND SAFE PLACE FOR AGING AND IMPAIRED ADULTS TO STAY ENGAGED AND ACTIVE WHILE RECEIVING EXPERT, COMPASSIONATE CARE DURING THE DAY. MOUNTAINCARE ALSO OFFERS THE MOUNTAIN EXPLORERS PROGRAM FOR INDIVIDUALS WITH MILD COGNITIVE IMPAIRMENT WHO ARE INTERESTED IN A PROGRAM OF SOCIAL OPPORTUNITIES, MENTAL STIMULATION, EXERCISE, AND ENRICHMENT.
MOUNTAINCARE PROVIDES OPERATIONAL SUPPORT TO THE SEATING AND WHEELED MOBILITY CLINIC, A CRITICAL SERVICE THAT HAS EXISTED WITHIN OUR COMMUNITY FOR DECADES. THE GOAL OF THE CLINIC IS TO MAXIMIZE INDEPENDENCE, FREEDOM, AND COMFORT WHILE ALSO PREVENTING LIFE-THREATENING PRESSURE SORES AND OTHER SERIOUS MEDICAL COMPLICATIONS. AN EXPERT PHYSICAL THERAPIST PROVIDES CUSTOM FITTED SEATING AND CUSHIONING TO CHILDREN AND ADULTS WITH CP, SCI, MS, ALS, AND OTHER CONDITIONS THAT REQUIRE THEM TO SPEND THEIR DAY IN A WHEELCHAIR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Williams Executive Director | Officer | 40 | $82,407 |
Barbara Hilaire Board Chair | OfficerTrustee | 2 | $0 |
David Kidder Vice Chair | OfficerTrustee | 2 | $0 |
William Lewin Treasurer | OfficerTrustee | 2 | $0 |
Leslie Hansen Secritary | OfficerTrustee | 2 | $0 |
Leeanne Tucker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,210 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $777,980 |
| Noncash contributions included in lines 1a–1f | $32,216 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $785,190 |
| Total Program Service Revenue | $1,259,638 |
| Investment income | $5,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,852 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,044,079 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $97,251 |
| Compensation of current officers, directors, key employees. | $14,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,065,575 |
| Pension plan accruals and contributions | $23,492 |
| Other employee benefits | $155,117 |
| Payroll taxes | $101,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,520 |
| Fees for services: Accounting | $12,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,808 |
| Fees for services: Other | $72,126 |
| Advertising and promotion | $2,435 |
| Office expenses | $13,787 |
| Information technology | $32,825 |
| Royalties | $0 |
| Occupancy | $444,780 |
| Travel | $30,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,950 |
| Insurance | $62,315 |
| All other expenses | $10,882 |
| Total functional expenses | $2,298,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,792 |
| Savings and temporary cash investments | $343,393 |
| Pledges and grants receivable | $56,540 |
| Accounts receivable, net | $460,318 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $64,667 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,977 |
| Net Land, buildings, and equipment | $270,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,605,855 |
| Total assets | $3,298,966 |
| Accounts payable and accrued expenses | $78,494 |
| 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 | $0 |
| Other liabilities | $415,110 |
| Total liabilities | $493,604 |
| Net assets without donor restrictions | $2,355,889 |
| Net assets with donor restrictions | $449,473 |
| 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 | $3,298,966 |