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Mountain Association for Community Economic Development INC

Public charityFed auditsIRS 990
DBA: ECONOMIC DEVELOPMENT INC
Community Development · BEREA, KY · EIN 31-0900246

About

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.

DBA Economic Development INC

Donations are tax-deductible
Category
Community Development
Employees
59
Volunteers
9

Financial Snapshot

FY ending 2025-04-30
Revenue
$7.0M
Expenses
$6.9M
Assets
$35.3M
Liabilities
$6.1M

Financial history

$8.1M$4.0M$0
171819202122232425
RevenueExpenses
Latest FY2025: $7.0M · Peak FY2024: $8.1M · Avg: $6.1M

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
—
Lobbying
$26K
Grants Given
$258K
MOUNTAIN ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC
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Address

433 Chestnut ST
Berea, KY, 40403-151

Governance

Voting board members6
Independent members4
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer ↗
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