Mountain Findings INC

Tax-deductible

Highlands, NC501(c)(3)EIN 58-1324154Revenue $575K in FY2024

On file with the IRSPo Box 11, 28741-0011 · Highlands, NCTax-exempt since Apr 1979Publicly supported — 509(a)(2)

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Supports local community non-profits.

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

FY2024 · 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 5
filings with a surplus
Average surplus $60K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 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
17 mo
of spending, in cash
Looks good: 17.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.10% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$575K
+14% vs prior year
Spent
$519K
To programs
100%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$575K
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$329K
FY2021$429K
FY2022$430K
FY2023$503K
FY2024$575K
Expenses
$519K
FY2024▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$244K
FY2021$312K
FY2022$489K
FY2023$400K
FY2024$519K
Net assets
$1.5M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.4M
FY2023$1.5M
FY2024$1.5M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1979.

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% · $517K Management & general 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
See Mountain Findings INC 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

Helps local community nonprofits with resources and support.

Questions for Mountain Findings INC

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Provided by the organization

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1 program · $517K · in their own filed words · FY2024
01

The organization operates a thrift store which receives donated merchandise and resells its. Proceeds are given to various community programs. Only volunteer labor is used.

$517Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 67 grants · $1.5M · 2020–2024
Appalachin Animal RescueFY2024$45,000
Individual RecipientFY2024$33,000
Unitemized GrantFY2024$30,000
The Food PantryFY2024$25,000
Highland Cashiers Land TrustFY2024$25,000
Big Brother Big Sisters of CashersFY2024$22,000
Blueridge Free Dental ClinicFY2024$20,000
Donation Under 5000FY2024$15,300
Community Care ClinicFY2024$15,000
Scaly Mountain Fire DeptFY2024$13,000
Magnolia MissionNC · FY2024$13,000
Individual RecipientFY2024$12,000
Ahec -Highlands SchoolFY2024$12,000
Counseling CenterFY2024$10,000
Highlands Fire & RescueFY2024$9,925
See all 67 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$575K
Ln 12
Fees for servicesLn 2g$547K
Investment incomeLn 3$23K
Gifts and grantsLn 1h$5K
Money outPt IX
$519K
Ln 25
Programscol B$517K
Managementcol C$2K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$736K
Total assetsLn 16$1.5M
LiabilitiesLn 26$1K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$547K
Investment incomeLn 3$23K
Gains on assetsLn 7$4K
Total revenueLn 12$575K
Assets in detailPt X, end of year
CashLn 1$411K
SavingsLn 2$325K
Cash and savings togetherLn 1–2$736K
Land, buildings, equipmentLn 10c$785K
Total assetsLn 16$1.5M
LiabilitiesLn 26$1K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$662K$736K
Land, buildings, equipmentLn 10c$803K$785K
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$1K$1K
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$407K$407K
Grants to domestic individualsLn 2$30K$30K
Accounting feesLn 11c$1K$1K
OccupancyLn 16$33K$33K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$18K$18K
Other expenses (24a–d)Ln 24$26K$26K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$519K$517K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $575K$519K$56K$1.5M 990 PDF
FY2023 $503K$400K$103K$1.5M 990 PDF
FY2022 $430K$489K−$59K$1.4M 990 PDF
FY2021 $429K$312K$117K$1.4M 990 PDF
FY2020 $329K$244K$85K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $574,621 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,400$4,763
I-9 Program service revenuePrior year $495,335$546,698
I-10 Investment incomePrior year $6,190$23,160
I-11 Other revenue$0
I-12 Total revenuePrior year $502,925$574,621
I-13 Grants and similar amounts paidPrior year $325,000$436,600
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $75,060$82,170
I-18 Total expensesPrior year $400,060$518,770
I-19 Revenue less expensesPrior year $102,865$55,851
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $574,621 across 6 lines filed
VIII-1f All other contributions, gifts and grants$4,763
VIII-1h Total contributions, gifts and grants$4,763
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $546,698$546,698
VIII-3 Investment incomeRelated to mission $18,660$18,660
VIII-7 Net gain or loss on sales of assetsRelated to mission $4,500$4,500
VIII-12 Total revenueRelated to mission $569,858$574,621
Part IX · Statement of functional expenses $518,770 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $406,600$406,600
IX-2 Grants to domestic individualsPrograms $30,000$30,000
IX-11c Accounting feesPrograms $1,200$1,200
IX-16 OccupancyPrograms $33,353$33,353
IX-19 Conferences, conventions and meetingsManagement $1,861$1,861
IX-22 Depreciation, depletion and amortizationPrograms $17,821$17,821
IX-24 Other expenses (24a–d)Programs $26,053$26,053
IX-24e All other expensesPrograms $1,882$1,882
IX-25 Total functional expensesPrograms $516,909 · Management $1,861 · Fundraising $0$518,770
Part X · Balance sheet $1,520,219 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $180,321$410,665
X-2 Savings and temporary cash investmentsStart of year $481,277$324,857
X-10c Land, buildings and equipment, netStart of year $802,518$784,697
X-16 Total assetsStart of year $1,464,116$1,520,219
X-25 Other liabilitiesStart of year $1,219$1,471
X-26 Total liabilitiesStart of year $1,219$1,471
X-27 Net assets without donor restrictionsStart of year $1,462,897$1,518,748
X-32 Total net assets or fund balancesStart of year $1,462,897$1,518,748
X-33 Total liabilities and net assetsStart of year $1,464,116$1,520,219
Part XI · Reconciliation of net assets $1,518,748 net assets at year end
XI-1 Total revenue$574,621
XI-2 Total expenses$518,770
XI-3 Revenue less expenses$55,851
XI-4 Net assets at start of year$1,462,897
XI-10 Net assets at end of year$1,518,748

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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