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Nonprofiteer
← MOUNTAIN AIR COMMUNITY FUND INC

Form 990 for tax year 2025

Filed by MOUNTAIN AIR COMMUNITY FUND INC.

Totals

Total revenue
$482,275
Total expenses
$435,166
Contributions and grants received
$426,852
Grants paid
$422,836
Program service revenue
$0
Investment income
$55,423
Other revenue
$0
Total assets, end of year
$506,479
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$506,479
Program services expenses (Part IX)
$422,836
Management and general expenses
$12,330
Fundraising expenses
$0
Program service expenses (Part III)
$422,836

Program services were 97.2% 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.

  • 1f · All other contributions, gifts and grants

    $426,852

  • 1g · Noncash contributions included above

    $60,424

  • 3 · Investment income

    total $11,790 · unrelated business $0 · excluded $11,790

  • 7a · Gross sales of assets other than inventory

    securities $43,633

  • 7c · Gain or loss

    securities $43,633

  • 7d · Net gain or loss

    total $43,633 · related or exempt $0 · unrelated business $0 · excluded $43,633

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $422,836 · program services $422,836

  • 11c · Fees: accounting

    total $2,853 · program services $0 · management and general $2,853 · fundraising $0

  • 13 · Office expenses

    total $3,591 · program services $0 · management and general $3,591 · fundraising $0

  • 24a · Other expenses: Appreciation Event Expense

    total $5,886 · program services $0 · management and general $5,886 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,731 · end of year $94,117

  • 11 · Investments: publicly traded securities

    beginning of year $391,487 · end of year $412,362

  • 27 · Net assets without donor restrictions

    beginning of year $503,218 · end of year $506,479

Mission and programs · 2025

Mission

To be the philanthropic voice of Mountain Air by providing financial assistance to 501(c)(3) non-profit organizations that benefit the residents of Yancey County in the areas of health, education, family issues, the environment, econcomic development, and the arts.

  • 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. In 2025 the organization awarded $422,836 in grants to 33 nonprofit organizations supporting Yancey County residents. MACF has selected four important pillars 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 $422,836 · Grants $422,836

As filed on the 2025 return.

Listed in Part VII

  • James McCann

    President

    Total calculated
    $0
    Hours/week
    3

  • Nancy Hanna

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Diana Richter

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Virginia Perry

    Member

    Total calculated
    $0
    Hours/week
    3

  • Jan Cady

    Member

    Total calculated
    $0
    Hours/week
    3

  • Mary Anne Smith

    Member

    Total calculated
    $0
    Hours/week
    2

  • Mark McCreery

    Member

    Total calculated
    $0
    Hours/week
    1

  • Margie Cuckler

    Member

    Total calculated
    $0
    Hours/week
    3

  • Rebecca Schmidt

    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
2025
Filed
22 May 2026
IRS schema version
2025v4.1
Source object
202641429349300024

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

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