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Nonprofiteer
← MOUNTAIN AIR COMMUNITY FUND INC

Form 990 for tax year 2024

Filed by MOUNTAIN AIR COMMUNITY FUND INC.

Totals

Total revenue
$615,995
Total expenses
$313,465
Contributions and grants received
$565,814
Grants paid
$302,000
Program service revenue
$0
Investment income
$50,181
Other revenue
$0
Total assets, end of year
$503,218
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$503,218
Program services expenses (Part IX)
$302,000
Management and general expenses
$11,465
Fundraising expenses
$0
Program service expenses (Part III)
$302,000

Program services were 96.3% 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

    $565,814

  • 1g · Noncash contributions included above

    $69,936

  • 3 · Investment income

    total $10,007 · unrelated business $0 · excluded $10,007

  • 7a · Gross sales of assets other than inventory

    securities $40,174

  • 7c · Gain or loss

    securities $40,174

  • 7d · Net gain or loss

    total $40,174 · related or exempt $0 · unrelated business $0 · excluded $40,174

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $302,000 · program services $302,000

  • 11c · Fees: accounting

    total $2,743 · program services $0 · management and general $2,743 · fundraising $0

  • 13 · Office expenses

    total $5,018 · program services $0 · management and general $5,018 · fundraising $0

  • 24a · Other expenses: Appreciation Event Expense

    total $3,704 · program services $0 · management and general $3,704 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,695 · end of year $111,731

  • 2 · Savings and temporary cash investments

    beginning of year $189,000

  • 11 · Investments: publicly traded securities

    end of year $391,487

  • 27 · Net assets without donor restrictions

    beginning of year $240,695 · end of year $503,218

Mission and programs · 2024

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 2024 the organization awarded $302,000 in grants to 18 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 $302,000 · Grants $302,000

As filed on the 2024 return.

Listed in Part VII

  • Sallie Bailey

    President

    Total calculated
    $0
    Hours/week
    3

  • James McCann

    Vice-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

  • Tom Valore

    Member

    Total calculated
    $0
    Hours/week
    2

  • Virginia Perry

    Member

    Total calculated
    $0
    Hours/week
    2

  • Jan Cady

    Member

    Total calculated
    $0
    Hours/week
    2

  • Mary Anne Smith

    Member

    Total calculated
    $0
    Hours/week
    2

  • Cathy Williams

    Member

    Total calculated
    $0
    Hours/week
    1

  • Nancy Hanna

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mark McCreery

    Member

    Total calculated
    $0
    Hours/week
    1

  • Margie Cuckler

    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
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202542949349301899

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

The source document this was parsed from is served over the API, which is where bulk and document access live.