2023-08-25T09:43:03-05:00 2023-04-30 351178661 Blue & Co LLC 250 West Main Street Suite 2900 Lexington KY 40507 990 2022-05-01 310900246 Mountain Association for Community Economic Development Inc MOUN 8599862373 433 Chestnut Street Berea KY 40403 Peter Hille President 8599862373 2023-08-25 1 Peter Hille 999009999 0 Rick Shields CPA CFE P00852717 8592531100 2023-08-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Mountain Association Peter Hille 433 Chestnut Street Berea KY 40403 6043653 0 X www.mtassociation.org X 1976 KY The Mountain Association invests in people and places in Eastern Kentucky to advance a just transition to a new economy that is more diverse, sustainable, equitable and resilient. 7 6 54 8 0 0 6652544 5013840 1899475 966521 24690 63292 0 0 8576709 6043653 1074769 721752 0 0 2153655 2387643 0 0 177846 964897 1440176 4193321 4549571 4383388 1494082 33227736 35661726 8134793 9074701 25092943 26587025 X We serve our mission to build a new economy by offering flexible loans and technical support to existing and startup businesses and organizations, helping businesses, nonprofits, public agencies and homeowners find much-needed energy savings, and by engaging in research, communications and advocacy for policy and narrative change. We also work with partners on a variety of projects to demonstrate what's possible in Eastern Kentucky. 0 0 1337690 2400 811669 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 $2,650,000. 708122 645652 0 Appalachian Transition Communications and PolicyAppalachian Transition is both the overarching framework of our vision for Appalachia's brighter future and a body of work aimed at moving us toward that future. This team is focused on conducting communications campaigns, telling important stories through a broad range of avenues, and connecting with leaders and organizations across the country as part of shifting the conversations about the region, our economic transition and our bright future. 482557 200 33184 Energy ProgramsMountain Association's clean energy team helps businesses, nonprofits, local governments, and other enterprises identify how they're using energy and where opportunities for efficiency and cost savings may exist. They help enterprises access federal, state and private grant funding to support their energy upgrades. The team also administers How$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. 821193 73500 121668 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. 821193 73500 121668 3349562 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 41 0 1 54 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X X X The Organization 8599862373 433 Chestnut Street Berea KY 40403 Robin Gabbard Board Chair 1.00 0.50 X X 0 0 0 Corey Craig Board Vice Chair 1.00 0.50 X X 0 0 0 Hasan Davis Board Secretary 1.00 0.50 X X 0 0 0 Ada Smith Board Treasurer 1.00 0.50 X X 0 0 0 Martina LaForce Board member 0.50 0.00 X 0 0 0 Wayne Riley Board member 0.50 0.00 X 0 0 0 Peter Hille Board member and Corporate President 40.00 1.00 X X 151372 0 19574 Mary Whaley Corporate Vice President 40.00 1.00 X 85489 0 18216 Jason Coomes Corporate Secretary 40.00 1.00 X 81750 0 18142 Kacie Zechman Corporate Treasurer 40.00 1.00 X 81886 0 14763 400497 0 70695 1 0 1 0 Craftsman Technology Group 186 Lincoln Street Boston MA 02111 Information technology 134645 1 1469584 3544256 5013840 Interest on program lo 522292 766894 766894 Project income 541610 157222 157222 Fee income for loans 522292 42305 42305 Miscellaneous 541610 100 100 966521 63292 63292 6043653 966521 0 63292 X 721752 721752 494712 195729 292709 6274 1466933 966739 376885 123309 72625 47861 18659 6105 210802 148012 47845 14945 142571 86294 46702 9575 21863 17510 4353 37500 37500 793038 719490 73152 396 16442 15512 930 41392 34795 5154 1443 65364 37076 28129 159 104907 70641 28417 5849 73322 64937 6666 1719 59957 45396 12520 2041 203133 203133 18094 10633 6159 1302 14992 8387 6462 143 Taxes, licenses and fee 26742 13104 11143 2495 Small equipment expense 20070 12288 7295 487 Publications, dues and 14095 11087 1468 1540 Repairs and maintenance 13665 3586 10015 64 -84400 -84400 4549571 3349562 1022163 177846 16572896 19846233 1991898 963897 137527 145141 14132892 14087205 14610 31656 392323 187719 1023 204604 327390 333490 49500 49500 33227736 35661726 380139 373881 7754654 8700820 8134793 9074701 X 17849096 18602909 7243847 7984116 25092943 26587025 33227736 35661726 1494082 0 X X 0 1 X 1 1 1 X 6344449 2847664 3119631 6652544 5013840 23978128 6344449 2847664 3119631 6652544 5013840 23978128 7420275 16557853 22588 15136 19636 24690 63292 145342 24123470 6667266 0.68640 0.69240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1051 25609 26660 4522911 4549571 377479 94370 0 0 428915 434486 359666 377479 1600546 2400819 23536 29637 34447 26660 114280 107229 108622 89917 94370 400138 600207 3396 5903 12781 1051 23131 117519 116366 1153 274804 71353 203451 204604 X 6149307 105654 105654 6043653 0 6043653 4541316 -8255 -8255 4549571 0 4549571 Part X, Line 2: Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Organization and recognize a tax liability if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the Organization, and has concluded that as of April 30, 2023 and 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. Part XI, Line 2d - Other Adjustments: Revenues included on separate tax returns 217,851. Revenues eliminated in consolidation -112,197. Part XII, Line 2d - Other Adjustments: Expenses included on separate tax returns 97,842. Expenses eliminated in consolidation -106,097. 1 Appalachian Voices 589 West King Street Boone NC 28607 562049956 501 (c)(3) 25000 0 Central Appalachian Network participation Kentucky Coalition PO Box 1450 London KY 40743 311113237 501 (c)(3) 645652 0 To support public education and other activities leading to increased state revenue in Kentucky & to promote Just Transition for Central Appalachia Rural Action 9030 Hocking Hills Drive The Plains OH 45780 311124220 501 (c)(3) 15000 0 Central Appalachian Network participation Tennessee Advanced Energy Business Council 606 W Main Street Suite 250 Knoxville TN 37902 371703200 501 (c)(3) 10000 0 Tennessee Advanced Energy Business Council Various other 26100 0 Community development in Appalachia. 4 1 Part I, Line 2: Project managers maintain ongoing communications with grantees to monitor progress towards objectives and milestones. Financial and nonfinancial progress reports are requested as needed. X X X 0 0 0 0 0 0 0 0 0 Peter Hille Board member and Corporate President 143372 0 8000 0 0 0 7963 0 11611 0 170946 0 0 0 Form 990, Part VI, Section B, line 11b The first level of review of the Form 990 is by Mountain Association's Chief Financial Officer, who provides the preparer with the information for the return and works closely with the preparer to ensure its accuracy and completeness. The President or Chief Operating Officer reviews the form before signing it. The board's finance committee also reviews the Form 990. Following the finance committee review, the Form 990 is distributed to the board electronically before it is submitted to the IRS. Form 990, Part VI, Section B, line 12c The Mountain Association bylaws include a conflict of interest policy that specifies conflicts of interest to be avoided. The board of directors may make exceptions to the policy in specific cases when the situation is fully disclosed to them. A provision of the conflict of interest policy is that each director, officer and employee must receive, sign and return a copy of a summary of the conflict of interest policy. Annually, Mountain Association board members and key employees sign the summary anew, affirming that they have read and understand the policy. As part of the annual audit process, board members and other related parties fill out a related party questionnaire on which they report any interests and transactions that could give risk to conflicts of interest. Any conflicts of interest are disclosed as part of the audited financial statements. Form 990, Part VI, Section B, line 15 Annually, the Mountain Association President is evaluated through a process guided by the board executive committee, composed of the board officers (chair, vice-chair, board treasurer and board secretary). The executive committee reports its findings to the board in closed session. After considering the committee's report, the board sets the President's compensation for the following year. The board takes into account compensation levels reported on Forms 990 for the CEOs of three to five comparable organizations as well as its knowledge of compensation of positions in the private and nonprofit sectors with comparable levels of responsibility, qualifications and achievement. The President does not participate in or vote on the decision on the President's compensation. The board's decision on compensation is recorded in minutes which are presented and approved at the following board meeting. This process last took place in January 2023. The President determines the compensation of other staff, including those who serve as corporate officers, following an annual performance review of each staff member. Along with considerations of equity among staff, the President takes into account compensation levels reported on Forms 990 for officer positions in three to five comparable organizations and their knowledge of compensation of positions in the private and nonprofit sectors with comparable levels of responsibility, qualifications and achievement. Every change in a staff salary is documented in a letter to the staff member. Form 990, Part VI, Section C, line 18 Mountain Association, its subsidiary Ridgecrest Enterprises, and its sister nonprofit Appalachian Investment Corporation, are audited each year. The corresponding audit report is on the consolidated financial statements of Mountain Association and its affiliates. This report is available at www.mtassociation.org. A separate audit on Mountain Association's stand-alone financial statements is not issued. Form 990, Part VI, Section C, line 19 Mountain Association's articles of incorporation and audited financial statements are available on the Mountain Association web site, www.mtassociation.org. The conflict of interest policy is available upon request. Form 990, Part IX, line 11g Consultants: Program service expenses 719,490. Management and general expenses 73,152. Fundraising expenses 396. Total expenses 793,038. Form 990, Part XII, line 2b The method did not change from the prior year. Appalachian Investment Corporation 431 Chestnut Street Berea KY 40403 611254830 Lending and technical assistance KY 501(c)(4) Mountain Association of Community Economic Development Inc 1 Ridgecrest Enterprises Inc 433 Chestnut Street Berea KY 40403 611036685 Property management KY Mountain Association for Community Economic Development Inc C 85200 626163 1.00000 1 1 0 0 1 0 0 0 0 0 0 1 1 0 1 1 0 1 0 0 Ridgecrest Enterprises Inc A 4327 Cash paid Ridgecrest Enterprises Inc D 199528 Cash paid Ridgecrest Enterprises Inc K 85200 Cash paid