Form 990 for tax year 2023

Totals

Total revenue

$8,094,633

Total expenses

$5,452,825

Contributions and grants received

$6,741,704

Grants paid

$765,191

Program service revenue

$1,285,432

Investment income

$67,497

Other revenue

$0

Total assets, end of year

$38,008,155

Total liabilities, end of year

$8,779,322

Net assets or fund balances, end of year

$29,228,833

Program services expenses (Part IX)

$4,090,374

Management and general expenses

$1,162,055

Fundraising expenses

$200,396

Program service expenses (Part III)

$4,090,374

Program services were 75.0% 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.

Mission and programs · 2023

• 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.

  Expenses $1,987,118 · Grants $11,119 · Revenue $1,002,627

• 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.

  Expenses $536,168 · Grants $450,000

• 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.

  Expenses $858,622 · Grants $301,272 · Revenue $37,686

• 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.

  Expenses $708,466 · Grants $2,800 · Revenue $245,125

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• KENTUCKY COALITION

  $450,000

  SUPPORT PUBLIC ED

• MARTIN COUNTY SCHOOL DISTRICT

  $94,000

  SOLAR PROJECT

• CITY OF MIDDLESBORO

  $87,700

  SOLAR PROJECT

• LESLIE COUNTY FISCAL COURT

  $70,000

  SOLAR PROJECT

• HOUSING ORIENTED MINISTRIES INC

  $34,830

  SOLAR PROJECT

• HOUSING DEVELOPMENT ALLIANCE INC

  $14,742

  SOLAR PROJECT

• VARIOUS OTHER

  $13,919

  COMMUNITY DEV.

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.

• APPALACHIAN INVESTMENT CORP

  501C4 · LENDING · KY · controlled entity

  Directly controlled by MOUNTAIN ASSOCIATION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

9 September 2024

IRS schema version

2023v5.0

Source object

202412539349301106

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

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