Mountain Association For Community Economic Development Inc
Only null% goes to programs Strong reserves Growing revenue
Mountain Association For Community Economic Development Inc is a 501(c)(3) organization based in Berea, Kentucky, registered in 1977, with $8,094,633 in FY2023 revenue. CharityIndex grades it B.
433 Chestnut St, Berea, KY, 40403 EIN 31-0900246 Since 1977
Revenue (FY2023)
$8.1M
▲ 33.9% vs prior year
Community median: $184K
Expenses (FY2023)
$5.5M
Net assets
$29.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mountain Association For Community Economic Development Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating64 mo reserves · +33% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mountain Association For Community Economic Development Inc: 64 mo reserves · +33% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mountain Association For Community Economic Development Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mountain Association For Community Economic Development Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 433 Chestnut St, Berea, KY, 40403
- City
- Berea
- State
- Kentucky
- Subcategory
- Economic Development
- Website
- …
Financial trends
Revenue held steady from $8.0M (FY2013) to $8.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $8.8MNet assets $29.2M
Operating margin
32.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$38.0M
Total liabilities
$8.8M
Net assets
$29.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $8,094,633▲33.9% | $5,452,825▲19.9% | $29,228,833▲9.9% | $38,008,155▲6.6% | 990 |
| 2022 | $6,043,653▼29.5% | $4,549,571▲8.5% | $26,587,025▲6.0% | $35,661,726▲7.3% | 990 |
| 2021 | $8,576,709▲96.2% | $4,193,321▼26.3% | $25,092,943▲21.2% | $33,227,736▲15.7% | 990 |
| 2020 | $4,372,361▲4.7% | $5,689,729▲2.0% | $20,709,555▼6.0% | $28,716,288▼3.5% | 990 |
| 2019 | $4,177,710▼45.2% | $5,578,299▲14.0% | $22,026,923▼6.0% | $29,767,514▼3.9% | 990 |
| 2018 | $7,620,303▲99.2% | $4,891,234▼3.6% | $23,427,512▲13.2% | $30,963,740▲4.4% | 990 |
| 2017 | $3,825,297▼34.5% | $5,071,264▲6.1% | $20,698,443▼5.7% | $29,669,397▲11.7% | 990 |
| 2016 | $5,843,949▲92.1% | $4,778,183▲19.4% | $21,944,410▲5.1% | $26,565,941▲5.7% | 990 |
| 2015 | $3,041,377▼61.3% | $4,000,824▲6.4% | $20,878,644▼4.4% | $25,140,623▼5.7% | 990 |
| 2014 | $7,867,836▼2.2% | $3,759,580▼3.8% | $21,838,091▲23.2% | $26,667,678▲15.0% | 990 |
| 2013 | $8,045,668 | $3,909,967▲10.5% | $17,729,835▲30.4% | $23,193,447▲12.2% | 990 |
| 2012 | — | $3,538,208▼13.4% | $13,594,134▲4.4% | $20,666,601▲8.0% | 990 |
| 2011 | — | $4,085,906▲16.9% | $13,024,261▲20.6% | $19,137,251▲6.3% | 990 |
| 2010 | — | $3,496,011▲11.4% | $10,796,293▲22.5% | $17,999,020▲32.8% | 990 |
| 2009 | — | $3,138,184 | $8,812,498 | $13,550,260 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $5.6M total
67 grants to Mountain Association For Community Economic Development Inc totaling $5.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Tides Center | Sustainable environment | 2024 | $400,000 |
| Local Initiatives Support Corporation | See part iv | 2024 | $40,000 |
| Community Foundation of Sarasota County Inc | Community improvement, capacity building | 2024 | $10,000 |
| The New York Community Trust | For program support. | 2023 | $320,000 |
| Opportunity Finance Network | Finance justice fund subgrant | 2023 | $300,000 |
| Rockefeller Philanthropy Advisors Inc | General | 2023 | $50,000 |
| Community Foundation of Sarasota County Inc | General support | 2023 | $10,000 |
| Rockefeller Philanthropy Advisors Inc | General | 2022 | $200,000 |
| Berea College | Support of organization working to improve general welfare within the appalachian region | 2022 | $150,882 |
| Opportunity Finance Network | 2022 renewable energy efficient grant | 2022 | $100,000 |
| Local Initiatives Support Corporation | See part iv | 2022 | $33,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $20,200 |
| Community Foundation of Sarasota County Inc | General support | 2022 | $10,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2021 | $350,000 |
| Opportunity Finance Network | Ofns small business grant program funded by google.org | 2021 | $125,000 |
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Frequently asked questions
- Is Mountain Association For Community Economic Development Inc a legitimate nonprofit?
- Yes. Mountain Association For Community Economic Development Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-0900246, based in Berea, Kentucky. Donations are tax-deductible.
- What is Mountain Association For Community Economic Development Inc's EIN?
- Mountain Association For Community Economic Development Inc's Employer Identification Number (EIN) is 31-0900246.
- How much revenue does Mountain Association For Community Economic Development Inc report?
- Mountain Association For Community Economic Development Inc reported $8,094,633 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Mountain Association For Community Economic Development Inc have?
- CharityIndex grades Mountain Association For Community Economic Development Inc B, based on financial health (reserves and operating margin).
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Data for Mountain Association For Community Economic Development Inc (EIN 31-0900246) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.