EIN 31-0900246

Mountain Association

IRS 501(c) type
501(c)(3)
Num. employees
54
City
Berea
Year formed
1976
Most recent tax filings
2023-04-01
Description
Mountain Association invests in people and places in Eastern Kentucky through flexible loans and technical support for businesses, energy savings, and wealth-building strategies.
Also known as...
Mountain Association for Community Economic Development; Maced
Total revenues
$6,043,653
2023
Total expenses
$4,549,571
2023
Total assets
$35,661,726
2023
Num. employees
54
2023

Program areas at Mountain Association

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 $2,650,000.
Energy ProgramsMountain Association's clean energy team helps businesses, nonprofits, local governments, and other enterprises identify how they're using energy and where opportunities for efficiency and cost savings may exist. They help enterprises access federal, state and private grant funding to support their energy upgrades. The team also administers How$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.
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.
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.

Grants made by Mountain Association

GranteeGrant descriptionAmount
Kentucky CoalitionTo Support Public Education and Other Activities Leading To Increased State Revenue in Kentucky & To Promote Just Transition for Central Appalachia$645,652
Appalachian VoicesCentral Appalachian Network Participation$25,000
Rural ActionCentral Appalachian Network Participation$15,000
...and 1 more grant made

Who funds Mountain Association

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The JPB FoundationAdvancing A Just Transition in Appalachia$1,650,000
Appalachian Development AllianceCommunity Developmen$354,620
Boston Children's Chorus (BCC)General Operating Support$330,000
...and 11 more grants received

Personnel at Mountain Association

NameTitleCompensation
Jason CoomesCorporate Secretary$81,750
Kacie ZechmanCorporate Treasurer$81,886
David WilkersonPast Corporate Treasurer / Chief Financial Officer$87,854
Peter HillePresident$151,372
Corey CraigBoard Vice Chair$0
...and 15 more key personnel

Financials for Mountain Association

RevenuesFYE 04/2023
Total grants, contributions, etc.$5,013,840
Program services$966,521
Investment income and dividends$63,292
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$6,043,653

Form 990s for Mountain Association

Fiscal year endingDate received by IRSFormPDF link
2023-042023-08-25990View PDF
2022-042022-08-04990View PDF
2021-042021-08-12990View PDF
2020-042020-11-24990View PDF
2019-042019-10-31990View PDF
...and 9 more Form 990s
Data update history
October 29, 2023
Posted financials
Added Form 990 for fiscal year 2023
October 28, 2023
Updated personnel
Identified 1 new personnel
October 24, 2023
Used new vendors
Identified 1 new vendor, including
October 22, 2023
Received grants
Identified 15 new grant, including a grant for $1,150,000 from The JPB Foundation
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingState / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donationsFiscal sponsor
General information
Address
433 Chestnut St
Berea, KY 40403
County
Madison County, KY
Website URL
mtassociation.org/ 
Phone
(859) 986-2373
Facebook page
macedky 
Twitter profile
@maced_ky 
IRS details
EIN
31-0900246
Fiscal year end
April
Taxreturn type
Form 990
Year formed
1976
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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