EIN 14-1864873

Mountain Bizworks

IRS 501(c) type
501(c)(3)
Num. employees
36
Year formed
2002
Most recent tax filings
2022-12-01
Description
Mountain Bizworks helps small businesses start, grow, and create jobs through learning and lending in Western North Carolina.
Also known as...
Mountain Bizcapital
Total revenues
$6,124,699
2022
Total expenses
$4,123,252
2022
Total assets
$30,003,155
2022
Num. employees
36
2022

Program areas at Mountain Bizworks

Mountain Bizcapital (mbc) is a not-for-profit corporation established 33 years ago. The primary purpose of mbc is to provide direct micro and small business loans to expand economic opportunities in low income and other underbanked communities. Since its existence, mbc has provided 99.18 million in financing to over 3,799 businesses which have created 7,923 jobs and has engaged in entrepreneurial education with over 18,310 entrepreneurs in western north carolina. In april 2003, mbc was certified as a community development financial institution by the community development financial institution fund of the us department of treasury. The organization is classified as a publicly- supported charitable organization under section 501(c)(3) of the internal revenue code.

Who funds Mountain Bizworks

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Dogwood Health TrustThis Grant Will Support Mountain Bizcapital, Inc. in Providing Technical Assistance and Access To Capital for Low-Income Entrepreneurs Who Are Unable To Receive Funding From Traditional Financial Institutions Due To Lack of Creditworthiness.$1,100,000
Dogwood Health TrustTo Provide Access To Capital To Under-Fueled Entrepreneurs By Funding Mountain Bizworks Rural Small Business Expansion and Cre Lending Program.$570,000
Avista Business Development CorporationEconomic Development$74,547
...and 7 more grants received

Personnel at Mountain Bizworks

NameTitleCompensation
Brad BassingerChief Financial Officer
Matthew RakerExecutive Director$129,675
Ingrid SanderPast Chief Financial Officer / Finance Manager
Patrick FitzsimmonsPast Executive Director$96,417
Cathy NeilsonChief Operating Officer$54,554
...and 1 more key personnel

Financials for Mountain Bizworks

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,969,096
Program services$2,150,902
Investment income and dividends$4,701
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$6,124,699

Form 990s for Mountain Bizworks

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-01990View PDF
2021-122022-05-10990View PDF
2020-122021-05-25990View PDF
2019-122021-01-21990View PDF
2018-122019-07-23990View PDF
...and 9 more Form 990s

Organizations like Mountain Bizworks

OrganizationLocationRevenue
Nebraska Enterprise FundOakland, NE$5,303,898
Johnstown Area Regional IndustriesJohnstown, PA$1,565,309
Entrepreneur FundDuluth, MN$13,045,758
Common CapitalSpringfield, MA$1,556,130
AccessitySan Diego, CA$5,295,637
DreamspringAlbuquerque, NM$25,867,927
TruFund Financial servicesNew York, NY$16,024,804
Access To Capital for EntrepreneursCleveland, GA$13,820,713
Bridgeway CapitalPittsburgh, PA$11,446,748
AscendusNew York, NY$13,403,959
Data update history
December 23, 2023
Received grants
Identified 4 new grant, including a grant for $1,100,000 from Dogwood Health Trust
August 21, 2023
Received grants
Identified 9 new grant, including a grant for $900,000 from Dogwood Health Trust
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 1, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
EnvironmentBusiness and industry
Characteristics
Provides grantsState / local levelReceives government fundingTax deductible donations
General information
Address
153 South Lexington
Asheville, NC 28801
Metro area
Asheville, NC
County
Buncombe County, NC
Website URL
mountainbizworks.org/ 
Phone
(828) 253-2834
IRS details
EIN
14-1864873
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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