Form 990 for tax year 2022

Totals

Total revenue

$6,043,653

Total expenses

$4,549,571

Contributions and grants received

$5,013,840

Grants paid

$721,752

Program service revenue

$966,521

Investment income

$63,292

Other revenue

$0

Total assets, end of year

$35,661,726

Total liabilities, end of year

$9,074,701

Net assets or fund balances, end of year

$26,587,025

Program services expenses (Part IX)

$3,349,562

Management and general expenses

$1,022,163

Fundraising expenses

$177,846

Program service expenses (Part III)

$3,349,562

Program services were 73.6% 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 · 2022

• 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 175 loans totaling approximately $16,752,600. There were 56 loans closed during fiscal year 2023, disbursing a total of approximately $2,650,000.

  Expenses $1,337,690 · Grants $2,400 · Revenue $811,669

• 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.

  Expenses $708,122 · Grants $645,652

• 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. They help enterprises access federal, state and private grant funding to support their energy upgrades. 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.

  Expenses $482,557 · Grants $200 · Revenue $33,184

• 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.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 $821,193 · Grants $73,500 · Revenue $121,668

As filed on the 2022 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

  $645,652

  To support public education and other activities leading to increased state revenue in Kentucky & to promote Just Transition for Central Appalachia

• Various other

  $26,100

  Community development in Appalachia.

• Appalachian Voices

  $25,000

  Central Appalachian Network participation

• Rural Action

  $15,000

  Central Appalachian Network participation

• Tennessee Advanced Energy Business Council

  $10,000

  Tennessee Advanced Energy Business Council

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 Corporation

  501(c)(4) · Lending and technical assistance · KY · controlled entity

  Directly controlled by Mountain Association of Community Economic Development Inc

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

2022

Filed

25 August 2023

IRS schema version

2022v5.0

Source object

202322379349301002

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