2024-09-09T12:47:24-04:00 2024-04-30 201416603 BALDWIN CPAS PLLC 713 W MAIN ST RICHMOND KY 404751351 990 2023-05-01 310900246 MOUNTAIN ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC MOUN 8599862373 433 CHESTNUT ST BEREA KY 40403 ROBIN GABBARD PRESIDENT 8596710220 2024-09-09 true true MYRON D FISHER P00078455 8596269040 2024-09-09 2023 2024-08-08 14:25:15Z MOUNTAIN ASSOCIATION ROBIN GABBARD 433 CHESTNUT STREET BEREA KY 40403 8094633 false 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 52 9 0 5013840 6741704 966521 1285432 63292 67497 0 6043653 8094633 721752 765191 0 2387643 2853313 0 200396 1440176 1834321 4549571 5452825 1494082 2641808 35661726 38008155 9074701 8779322 26587025 29228833 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. false false 1987118 11119 1002627 LENDING AND BUSINESS SUPPORT THE LENDING TEAM OFFERS LOANS TO EXISTING AND STARTUP BUSINESSES AND ORGANIZATIONS. AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION AND A NONPROFIT, THE ORGANIZATION CAN OFFER GREATER FLEXIBILITY AND LEND TO FOLKS WHO MAY NOT OTHERWISE QUALIFY. THE BUSINESS SUPPORT PROGRAM CONNECTS BUSINESS OWNERS AND NONPROFIT LEADERS TO CONSULTANTS WHO CAN HELP THEM SUCCEED - FROM WEBSITE DEVELOPMENT TO PROFESSIONAL PHOTOGRAPHY, AND MORE. AT FISCAL YEAR END, THE COMBINED PORTFOLIO OF MOUNTAIN ASSOCIATION AND ITS AFFILIATED NONPROFIT APPALACHIAN INVESTMENT CORPORATION INCLUDED 197 LOANS TOTALING APPROXIMATELY 21,680,056. THERE WERE 53 LOANS CLOSED DURING FISCAL YEAR 2024, DISBURSING A TOTAL OF APPROXIMATELY 6,596,227. 536168 450000 APPALACHIAN TRANSITION COMMUNICATIONS & POLICY APPALACHIAN 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. 858622 301272 37686 ENERGY PROGRAMS THE ORGANIZATION'S ENERGY EXPERTS HELP BUSINESSES, NONPROFITS, AND PUBLIC AGENCIES FIND MUCH-NEEDED ENERGY SAVINGS THROUGH UTILITY BILL ANALYSIS, ON-SITE ENERGY EFFICIENCY AND SOLAR ASSESSMENTS, FINANCING, AND GRANT APPLICATION SUPPORT. 708466 2800 245125 OTHER PROGRAM SERVICES CENTRAL APPALACHIAN NETWORK THE 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 INITIATIVES THE STRATEGIC INITIATIVES PROGRAM WORKS TO BUILD RELATIONSHIPS WITH COMMUNITIES IN EASTERN KENTUCKY BY HELPING THEM DESIGN AND BUILD UNIQUE AND PLACE-BASED INTERVENTIONS IN ECONOMIC SECTORS THAT FILL GAPS AND DEMONSTRATES WHAT'S POSSIBLE IN THE REGION'S NEW ECONOMY. THIS INCLUDES HELPING TO DEVELOP AND SUPPORT A GRASSROOTS NETWORK OF COMMUNITY GROUPS FOCUSED ON DIVERSIFYING THEIR LOCAL ECONOMIES, AS WELL AS HELPING COMMUNITIES PLAN FOR AND RESPOND TO CLIMATE CHANGE AND CLIMATE DISASTERS. AS A PART OF THIS WORK, THE ORGANIZATION ALSO CONTINUES DEEP, LONG-TERM INVESTMENT IN HAZARD, KENTUCKY AS A WAY TO SHOW HOW COLLABORATIVE WORK AND COMMUNITY DEVELOPMENT PROJECTS CAN, OVER TIME, FORWARD A NEW ECONOMY. 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. 708466 2800 245125 4090374 true true false true false false false false false false true false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false false false true true true false false true 59 0 true 52 true false false false false false false false false X 7 6 false false false false false false false true true false false true true true true true true true true false KY X X X KACIE ZECHMAN 8596710220 433 CHESTNUT STREET BEREA KY 40403 PETER HILLE PRESIDENT 40.00 1.00 X 157206 0 19940 WILLIAM COOMES CORPORATE VP 40.00 1.00 X 90292 0 20203 KACIE ZECHMAN CORPORATE TR 40.00 1.00 X 91185 0 16476 TONI WELLS CORPORATE SE 40.00 1.00 X 74452 0 14570 HASAN DAVIS VICE CHAIR 1.00 0.50 X X 0 0 0 ROBIN GABBARD PRESIDENT 1.00 0.50 X X 0 0 0 MARTINA LEFORCE SECRETARY 0.50 X X 0 0 0 WAYNE RILEY MEMBER 0.50 X 0 0 0 MANDI FUGATE SHEFFEL MEMBER 0.50 X 0 0 0 ADA SMITH TREASURER 1.00 0.50 X X 0 0 0 413135 71189 1 false true false CRAFTSMAN TECHNOLOGY GROUP 186 LINCOLN STREET BOSTON MA 02111 IT SERVICES 119033 1 1582563 5159141 6741704 INTEREST INCOME ON LOANS 522292 892914 892914 PROJECT INCOME 541610 301127 301127 FEE INCOME ON LOANS 522292 91391 91391 1285432 67497 67497 8094633 1285432 67497 X 765191 765191 445929 121598 319525 4806 1774202 1246928 393455 133819 110666 70197 33444 7025 355011 225187 107288 22536 167505 106250 50622 10633 932350 803269 128627 454 15081 13049 2032 44282 28042 14438 1802 27868 17650 10214 4 98600 65904 27339 5357 124521 112446 8109 3966 92778 70483 20706 1589 245316 245316 42390 26128 13615 2647 16394 9555 6658 181 BAD DEBT 121471 121471 LICENSES & FEES 34626 16920 12911 4795 PUBLICATIONS, DUES, & SUB 13527 11935 1279 313 REPAIRS & MAINTENANCE 13182 3742 9346 94 11935 9113 2447 375 5452825 4090374 1162055 200396 19846233 15247340 963897 3116836 145141 174970 14087205 18895062 31656 24345 390477 230298 204604 160179 333490 339923 49500 49500 35661726 38008155 373881 340425 8700820 8438897 9074701 8779322 X 18602909 19269943 7984116 9958890 26587025 29228833 35661726 38008155 2641808 X false true X true true true X 2847664 3119631 6652544 5013840 6741704 24375383 2847664 3119631 6652544 5013840 6741704 24375383 11525675 12849708 15136 19636 24690 63292 67497 190251 24565634 1285432 0.52310 0.68640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3849 20168 24017 5428808 5452825 422641 105660 434486 359666 377479 422641 1594272 2391408 29637 34447 26660 24017 114761 108622 89917 94370 105660 398569 597854 5903 12781 1051 3849 23584 123193 119883 3310 267284 110415 156869 160179 X 8188069 93436 93436 8094633 8094633 5338761 -114064 -114064 5452825 5452825 SCHEDULE D, PAGE 3, PART X 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, 2024 AND 2023, 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 SCHEDULE D, PAGE 4, PART XI, LINE 2D REVENUES INCLUDED ON SEPARATE TAX RETURNS 211,199 REVENUES ELIMINATED IN CONSOLIDATION -117,763 SCHEDULE D, PAGE 4, PART XII, LINE 2D EXPENSES INCLUDED ON SEPERATE TAX RETURNS -2,734 EXPENSES ELIMINATED IN CONSOLIDATION -111,330 true CITY OF MIDDLESBORO 121 21ST STREET MIDDLESBORO KY 40965 GOV 87700 SOLAR PROJECT HOUSING ORIENTED MINISTRIES INC 65 BENTLEY AVE WHITESBURG KY 41858 611060053 501C3 34830 SOLAR PROJECT HOUSING DEVELOPMENT ALLIANCE INC PO BOX 7284 HAZARD KY 41702 611253346 501C3 14742 SOLAR PROJECT KENTUCKY COALITION PO BOX 1450 LONDON KY 40743 311113237 501C3 450000 SUPPORT PUBLIC ED LESLIE COUNTY FISCAL COURT PO BOX 619 HYDEN KY 41749 GOV 70000 SOLAR PROJECT MARTIN COUNTY SCHOOL DISTRICT 7900 HIGHWAY 645 INEZ KY 41224 GOV 94000 SOLAR PROJECT VARIOUS OTHER 13919 COMMUNITY DEV. 6 1 SCHEDULE I, PAGE 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 false false false false false false false false false PETER HILLE PRESIDENT 151656 5550 8111 11829 177146 FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 2, PART III, LINE 4A LENDING AND BUSINESS SUPPORT THE LENDING TEAM OFFERS LOANS TO EXISTING AND STARTUP BUSINESSES AND ORGANIZATIONS. AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION AND A NONPROFIT, THE ORGANIZATION CAN OFFER GREATER FLEXIBILITY AND LEND TO FOLKS WHO MAY NOT OTHERWISE QUALIFY. THE BUSINESS SUPPORT PROGRAM CONNECTS BUSINESS OWNERS AND NONPROFIT LEADERS TO CONSULTANTS WHO CAN HELP THEM SUCCEED - FROM WEBSITE DEVELOPMENT TO PROFESSIONAL PHOTOGRAPHY, AND MORE. AT FISCAL YEAR END, THE COMBINED PORTFOLIO OF MOUNTAIN ASSOCIATION AND ITS AFFILIATED NONPROFIT APPALACHIAN INVESTMENT CORPORATION INCLUDED 197 LOANS TOTALING APPROXIMATELY 21,680,056. THERE WERE 53 LOANS CLOSED DURING FISCAL YEAR 2024, DISBURSING A TOTAL OF APPROXIMATELY 6,596,227. FORM 990, PAGE 2, PART III, LINE 4D OTHER PROGRAM SERVICES CENTRAL APPALACHIAN NETWORK THE 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 INITIATIVES THE STRATEGIC INITIATIVES PROGRAM WORKS TO BUILD RELATIONSHIPS WITH COMMUNITIES IN EASTERN KENTUCKY BY HELPING THEM DESIGN AND BUILD UNIQUE AND PLACE-BASED INTERVENTIONS IN ECONOMIC SECTORS THAT FILL GAPS AND DEMONSTRATES WHAT'S POSSIBLE IN THE REGION'S NEW ECONOMY. THIS INCLUDES HELPING TO DEVELOP AND SUPPORT A GRASSROOTS NETWORK OF COMMUNITY GROUPS FOCUSED ON DIVERSIFYING THEIR LOCAL ECONOMIES, AS WELL AS HELPING COMMUNITIES PLAN FOR AND RESPOND TO CLIMATE CHANGE AND CLIMATE DISASTERS. AS A PART OF THIS WORK, THE ORGANIZATION ALSO CONTINUES DEEP, LONG-TERM INVESTMENT IN HAZARD, KENTUCKY AS A WAY TO SHOW HOW COLLABORATIVE WORK AND COMMUNITY DEVELOPMENT PROJECTS CAN, OVER TIME, FORWARD A NEW ECONOMY. 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. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 15A 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 2024. FORM 990, PAGE 6, PART VI, LINE 15B 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, PAGE 6, PART VI, LINE 19 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. 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 739,129 41,285 346 IT/DATA SERVICES 48,968 33,155 108 PROFESSIONAL SERVICES 15,172 54,187 0 TOTAL 803,269 128,627 454 APPALACHIAN INVESTMENT CORP 431 CHESTNUT STREET BEREA KY 40403 611254830 LENDING KY 501C4 MOUNTAIN ASSOCIATION true RIDGECREST ENTERPRISES INC 433 CHESTNUT STREET BEREA KY 40403 611036685 PROP. MGT. KY MOUNTAIN ASSOCIATION C CORP 85200 616795 1.00000 true true false false false false false false false false false true true false true true false true false false RIDGECREST ENTERPRISES INC K 85200 CASH PAID