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Nonprofiteer
← MOUNTAIN AIR COMMUNITY FUND INC

Form 990 for tax year 2023

Filed by MOUNTAIN AIR COMMUNITY FUND INC.

Totals

Total revenue
$202,574
Total expenses
$191,170
Contributions and grants received
$185,624
Grants paid
$188,149
Program service revenue
$0
Investment income
$3,043
Other revenue
$13,907
Total assets, end of year
$240,695
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$240,695
Program services expenses (Part IX)
$188,149
Management and general expenses
$3,021
Fundraising expenses
$0
Program service expenses (Part III)
$188,149

Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $3,500

  • 1f · All other contributions, gifts and grants

    $182,124

  • 1g · Noncash contributions included above

    $61,402

  • 3 · Investment income

    total $3,043 · unrelated business $0 · excluded $3,043

  • 8a · Fundraising events: gross income

    $89,567

  • 8a · Fundraising events: contributions included on line 1c

    $3,500

  • 8b · Fundraising events: direct expenses

    $75,660

  • 8c · Net income from fundraising events

    total $13,907 · unrelated business $0 · excluded $13,907

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $188,149 · program services $188,149

  • 11c · Fees: accounting

    total $1,783 · program services $0 · management and general $1,783 · fundraising $0

  • 13 · Office expenses

    total $1,238 · program services $0 · management and general $1,238 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,291 · end of year $51,695

  • 2 · Savings and temporary cash investments

    end of year $189,000

  • 27 · Net assets without donor restrictions

    beginning of year $229,291 · end of year $240,695

Mission and programs · 2023

Mission

To support organizations with programs targeting health and economic development, education, literacy, the arts and family issues that benefit residents of Yancey County.

  • Mountain Air Community Fund (MACF) is a grant-based fund that raises money each year to help the people of Yancey County. Thanks to our communitys generous giving, MACF has provided invaluable assistance to numerous less fortunate neighbors in Yancey County. Through grants exceeding $1,200,000 weve supported more than 40 local charitable organizations since 2016. MACF has selected four important pillars as our focus for 2024 and beyond, in hopes of growing grant funds to make an even more lasting impact on our neighbors in need. The four pillars include: Food Insecurity, Education and the Arts, Child and Family Welfare and Medical and Healthcare.

    Expenses $188,149 · Grants $188,149

As filed on the 2023 return.

Listed in Part VII

  • Sallie Bailey

    President

    Total calculated
    $0
    Hours/week
    3

  • Diana Richter

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Zapfel

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • James McCann

    Member

    Total calculated
    $0
    Hours/week
    2

  • Tom Valore

    Member

    Total calculated
    $0
    Hours/week
    1

  • Jeanette Valore

    Member

    Total calculated
    $0
    Hours/week
    1

  • Cathy Williams

    Member

    Total calculated
    $0
    Hours/week
    1

  • Alyson Rau

    Member

    Total calculated
    $0
    Hours/week
    1

  • Fred Rickman

    Member

    Total calculated
    $0
    Hours/week
    1

  • Jan Cady

    Member

    Total calculated
    $0
    Hours/week
    2

  • Virginia Perry

    Member

    Total calculated
    $0
    Hours/week
    2

  • Mary Anne Smith

    Member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
17 October 2024
IRS schema version
2023v5.1
Source object
202442959349300249

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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