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Mountain Endowment Fund FY2021 filing

Tax-deductible

Highlands, NC501(c)(3)Foundations & Grantmakers EIN 56-2190319Revenue $115K in FY2021

On file with the IRSthemountainrlc.orgPo Box 1299, 28741-1299 · Highlands, NCTax-exempt since Nov 2001Supporting organization — 509(a)(3)

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To support the long-term stability of The Mountain Retreat and Learning Center and to enhance its mission programs and activities

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $57K a year · 71% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Plus $589K in investments, Pt X · Ln 11–13
Looks good: 30.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$115K
Spent
$14K
To programs
100%
Net assets
$624K
By yearFY2021–FY2024
Revenue
$115K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$115K
FY2022$102K
FY2023$53K
FY2024$48K
Expenses
$14K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$14K
FY2022$25K
FY2023$25K
FY2024$29K
Net assets
$624K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$624K
FY2022$605K
FY2023$708K
FY2024$788K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $14K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Linda Sterner
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Marcy
Treasurer
$0Pt VII · Sec A
Lem Arnold
Trustee
$0Pt VII · Sec A
Lois Lee
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mountain Endowment Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports The Mountain Retreat and Learning Center's stability and programs.

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Provided by the organization

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1 program · $14K · in their own filed words · FY2021
01

Endowment to support The Mountain Retreat & Learning Center Inc.

$14Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Bank of America Charitable Foundation INCFY2020$1K
Total grants receivedfrom 1 funder$1K
Grants paid · 4 grants · $91K · 2021–2024
The Mountain Retreat & Learning Center INCNC · FY2024$28,321
The Mountain Retreat & Learning Center INCNC · FY2023$24,210
The Mountain Retreat & Learning Center INCNC · FY2022$24,956
The Mountain Retreat & Learning CenFY2021$13,784

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$115K
Ln 12
Gifts and grantsLn 1h$111K
Investment incomeLn 3$5K
Money outPt IX
$14K
Ln 25
Programscol B$14K
Owns and owesPt X
$624K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$624K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$111K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$5K
Total revenueLn 12$115K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$0
Cash and savings togetherLn 1–2$35K
InvestmentsLn 11–13$589K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$624K
LiabilitiesLn 26$0
Net assetsLn 32$624K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$7K$35K
InvestmentsLn 11–13$480K$589K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$487K$624K
LiabilitiesLn 26$0$0
Net assetsLn 32$487K$624K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$14K$14K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Other expenses (24a–d)Ln 24$31$31$0$0
Total functional expensesLn 25$14K$14K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $48K$29K$19K$788K 990 PDF
FY2023 $53K$25K$28K$708K 990 PDF
FY2022 $102K$25K$77K$605K 990 PDF
FY2021 Viewing $115K$14K$101K$624K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $115,271 revenue, 12 lines filed
I-8 Contributions and grants$110,622
I-9 Program service revenue$0
I-10 Investment income$4,649
I-11 Other revenue$0
I-12 Total revenue$115,271
I-13 Grants and similar amounts paid$13,784
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$31
I-18 Total expenses$13,815
I-19 Revenue less expenses$101,456
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $115,271 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$110,622
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$110,622
VIII-3 Investment incomeRelated to mission $4,649 · Unrelated business $0 · Excluded from tax $0$4,649
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $4,649 · Unrelated business $0 · Excluded from tax $0$115,271
Part IX · Statement of functional expenses $13,815 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $13,784$13,784
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-24 Other expenses (24a–d)Programs $31 · Management $0 · Fundraising $0$31
IX-25 Total functional expensesPrograms $13,815 · Management $0 · Fundraising $0$13,815
Part X · Balance sheet $623,896 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $6,591$35,004
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $480,057$588,892
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $486,648$623,896
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $486,648$623,896
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $486,648$623,896
X-33 Total liabilities and net assetsStart of year $486,648$623,896
Part XI · Reconciliation of net assets $623,896 net assets at year end
XI-1 Total revenue$115,271
XI-2 Total expenses$13,815
XI-3 Revenue less expenses$101,456
XI-5 Net unrealized gains (losses) on investments$41,016
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses−$5,224
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$623,896

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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