- Revenue 2024
- $12,872,089
- Expenses 2024
- $5,794,853
Program services were 86.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- T30
- Classification
- 1000
- Street
- 153 S LEXINGTON AVE
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
MATTHEW RAKER
EXECUTIVE DI
- Total calculated
- $153,070
- From this org
- $153,070
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,070
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $153,070
-
DUANE ADAMS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
YOLANDA ADAMS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ZANE ADAMS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER CALDWELL-BILLSTROM
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
JOSHUA CARPENTER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JOSE INFANZON CHAVEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CHAD HALLIDAY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TIM HERDKLOTZ
2ND VICE CHA
- Total calculated
- $0
- Hours/week
- 1
-
STEPHANIE LEE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MITZI REED
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
PAULA SWEPSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
BRANDON WALLACE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TERRY YOUNG
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 — 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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $12,872,089
- Expenses
- $5,794,853
- Contributions
- $8,472,157
- Grants paid
- $0
-
2023
- Revenue
- $6,406,300
- Expenses
- $4,683,575
- Contributions
- $3,559,721
- Grants paid
- $0
-
2022
- Revenue
- $6,124,699
- Expenses
- $4,123,252
- Contributions
- $3,969,096
- Grants paid
- $0
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Grants made
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
2024 Hurricane Helene Small Business Loans & Helene Small Business Recovery Fund Request
-
2024 BUILDING COMMUNITY & ECONOMIC VITALITY
-
CENTER FOR DISASTER PHILANTHROPY INC
$1,000,000
2025 MOUNTAIN BIZCAPITAL INC. RECEIVED $1,000,000 FROM THE TRUIST WESTERN NORTH CAROLINA RECOVERY AND RESILIENCY FUND TO SUPPORT LONG-TERM RECOVERY AND SUSTAINABILITY OF SMALL BUSINESSES IN WESTERN NORTH CAROLINA. THIS INITIATIVE WILL STRENGTHEN THE REGIONS ENTREPRENEURIAL ECOSYSTEM BY OFFERING CONTINUED TECHNICAL ASSISTANCE, DIRECT SUBGRANTS AND TO RECOVERY NAVIGATION SERVICES. BY FOCUSING ON BOTH IMMEDIATE RECOVERY AND LONG-TERM RESILIENCE, THIS PROGRAM AIMS TO FOSTER ECONOMIC GROWTH AND STABILITY ACROSS THE REGIONS MOST IMPACTED COMMUNITIES.
-
2022 CDFI CAPACITY BUILDING PROGRAM GRANTS
-
2024 COMMUNITY IMPROVEMENT & CAPACITY BUILDING, PUBLIC SAFETY, DISASTER PREPAREDNESS & RELIEF
-
$125,000
2025 Grant to help Mountain Biz Staff start a Business Accelerator to train small business owners in Asheville NC.
-
2022 BUILDING COMMUNITY & ECONOMIC VITALITY
-
2022 BUSINESS DEVELOPMENT IN APPALACHIA
-
DONOR ADVISED CHARITABLE GIVING
$49,000
2024 PUBLIC, SOCIETAL BENEFIT
-
2023 BUILDING COMMUNITY & ECONOMIC VITALITY
The 10 largest by cash amount. The API serves every itemized grant.
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 10 September 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.