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Nonprofiteer
← MOUNTAIN GROUP INC

Form 990 for tax year 2024

Filed by MOUNTAIN GROUP INC.

Totals

Total revenue
$1,630,307
Total expenses
$28,982
Contributions and grants received
$1,575,320
Grants paid
$8,250
Program service revenue
$0
Investment income
$54,987
Other revenue
$0
Total assets, end of year
$1,605,562
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,605,562
Program services expenses (Part IX)
$11,410
Management and general expenses
$17,572
Fundraising expenses
$0
Program service expenses (Part III)
$11,410

Program services were 39.4% 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.

  • 1d · Related organizations

    $1,575,320

  • 3 · Investment income

    total $54,451 · excluded $54,451

  • 7a · Gross sales of assets other than inventory

    securities $536

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $536

  • 7d · Net gain or loss

    total $536 · excluded $536

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,250 · program services $8,250

  • 11b · Fees: legal

    total $6,000 · management and general $6,000

  • 11c · Fees: accounting

    total $250 · management and general $250

  • 11g · Fees: other

    total $5,435 · program services $3,160 · management and general $2,275

  • 13 · Office expenses

    total $532 · management and general $532

  • 17 · Travel

    total $8,495 · management and general $8,495

  • 24a · Other expenses: BANK FEES

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $45,543

  • 10a · Land, buildings and equipment: cost or other basis

    $138,011

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $138,011

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $1,422,008

Mission and programs · 2024

Mission

TO CREATE AND SUSTAIN AFFORDABLE HOUSING AND HOME OWNERSHIP OPPORTUNITIES FOR PEOPLE OF MODERATE INCOME IN SOLDOTNA, ALASKA THROUGH ACQUISITION OF LAND AND BUILDINGS; DEVELOPMENT OF LAND IN AN ENVIRONMENTALLY AND SOCIALLY RESPONSIBLE MANNER; EDUCATION AND COUNSEL OF HOMEBUYERS; AND STEWARDSHIP FOR FUTURE GENERATIONS.

  • TO CREATE AND SUSTAIN AFFORDABLE HOUSING AND HOME OWNERSHIP OPPORTUNITIES FOR PEOPLE OF MODERATE INCOME IN SOLDOTNA, ALASKA.

    Expenses $11,410 · Grants $8,250

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Shirley Petty

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Timothy Navarre

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Linda Hutchings

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543189349315664

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