Civic Intelligence

Mountain Projects Inc.

990 • Fiscal year 2021 • EIN 56-0849092

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 31, 2021

2177 Asheville RoadWaynesville, NC 28786

(828) 452-1447

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.36x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

52nd percentile

0.24x

Higher debt load relative to revenue than 52% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

40th percentile

7.8%

Higher net margin than 40% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$175,838

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

69th percentile

19%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

51st percentile

13%

Faster revenue growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$9,904,248

Up $1,563,510 (+19%) from 2020

Net Assets

Up

$6,295,482

Up $1,181,327 (+23%) from 2020

Liabilities

Up

$3,608,766

Up $382,183 (+12%) from 2020

Revenue

Up

$15,189,679

Up $1,698,977 (+13%) from 2020

Expenses

Up

$14,008,352

Up $1,200,415 (+9.4%) from 2020

Net Income

Up

$1,181,327

Up $498,562 (+73%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $5,832,972Liabilities 2010: $1,931,080Net Assets 2010: $3,901,8922010Assets 2011: $5,935,499Liabilities 2011: $2,174,764Net Assets 2011: $3,760,7352011Assets 2012: $7,315,622Liabilities 2012: $3,547,720Net Assets 2012: $3,767,9022012Assets 2013: $7,530,840Liabilities 2013: $2,866,584Net Assets 2013: $4,664,2562013Assets 2014: $7,673,909Liabilities 2014: $2,886,477Net Assets 2014: $4,787,4322014Assets 2015: $6,945,916Liabilities 2015: $2,823,040Net Assets 2015: $4,122,8762015Assets 2016: $6,706,067Liabilities 2016: $2,832,705Net Assets 2016: $3,873,3622016Assets 2017: $6,967,975Liabilities 2017: $2,779,227Net Assets 2017: $4,188,7482017Assets 2018: $7,553,837Liabilities 2018: $3,353,483Net Assets 2018: $4,200,3542018Assets 2019: $7,385,405Liabilities 2019: $2,954,015Net Assets 2019: $4,431,3902019Assets 2020: $8,340,738Liabilities 2020: $3,226,583Net Assets 2020: $5,114,1552020Assets 2021: $9,904,248Liabilities 2021: $3,608,766Net Assets 2021: $6,295,4822021Assets 2022: $12,244,902Liabilities 2022: $4,247,216Net Assets 2022: $7,997,6862022Assets 2023: $11,961,611Liabilities 2023: $3,561,673Net Assets 2023: $8,399,9382023Assets 2024: $13,057,329Liabilities 2024: $3,903,954Net Assets 2024: $9,153,3752024Assets 2025: $15,546,184Liabilities 2025: $3,390,739Net Assets 2025: $12,155,4452025

Highlighted filing

2021

Assets$9,904,248
Liabilities$3,608,766
Net Assets$6,295,482

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $11,093,9642010Revenue 2011: $11,976,617Expenses 2011: $12,117,774Net Income 2011: -$141,1572011Expenses 2012: $12,313,1052012Expenses 2013: $12,448,2282013Revenue 2014: $11,048,582Expenses 2014: $10,925,406Net Income 2014: $123,1762014Revenue 2015: $11,140,294Expenses 2015: $11,804,850Net Income 2015: -$664,5562015Revenue 2016: $12,063,663Expenses 2016: $12,313,177Net Income 2016: -$249,5142016Revenue 2017: $12,453,235Expenses 2017: $12,137,849Net Income 2017: $315,3862017Revenue 2018: $12,445,764Expenses 2018: $12,434,158Net Income 2018: $11,6062018Revenue 2019: $12,739,400Expenses 2019: $12,508,364Net Income 2019: $231,0362019Revenue 2020: $13,490,702Expenses 2020: $12,807,937Net Income 2020: $682,7652020Revenue 2021: $15,189,679Expenses 2021: $14,008,352Net Income 2021: $1,181,3272021Revenue 2022: $16,388,173Expenses 2022: $14,685,969Net Income 2022: $1,702,2042022Revenue 2023: $14,988,273Expenses 2023: $14,586,021Net Income 2023: $402,2522023Revenue 2024: $19,038,316Expenses 2024: $18,284,879Net Income 2024: $753,4372024Revenue 2025: $23,698,985Expenses 2025: $20,696,915Net Income 2025: $3,002,0702025

Highlighted filing

2021

Revenue$15,189,679
Expenses$14,008,352
Net Income$1,181,327
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 31, 2021
Return Version
2020v4.0
Gross Receipts
$15,189,679
Mission and Program Overview

Mission

Mountain projects community action agency changes people's lives, embodies the spirit of hope, improves communities, and makes haywood and jackson counties a better place to live.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,187,201$4,907,830▼ $279,371
Savings and Temporary Cash Investments$1,724,469$2,775,046▲ $1,050,577
Pledges and Grants Receivable$261,984$845,182▲ $583,198
Accounts Receivable$408,296$574,862▲ $166,566
Prepaid Expenses and Deferred Charges$70,119$80,723▲ $10,604
Inventories for Sale or Use$13,310$15,037▲ $1,727
Total Assets$8,340,738$9,904,248▲ $1,563,510
Other Assets Total$675,359$705,568▲ $30,209
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,469,481$2,331,467▼ $138,014
Accounts Payable and Accrued Expenses$562,865$912,874▲ $350,009
Other Liabilities$123,492$282,833▲ $159,341
Deferred Revenue$70,745$81,592▲ $10,847
Total Liabilities$3,226,583$3,608,766▲ $382,183
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,668,869$3,502,652▼ $166,217
Net Assets With Donor Restrictions$1,445,286$2,792,830▲ $1,347,544
Total Net Assets Fund Balance$5,114,155$6,295,482▲ $1,181,327
Total Liabilities and Net Assets / Fund Balance$8,340,738$9,904,248▲ $1,563,510

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,390,136$2,171,945$5,562,081
Equipment$784,021$2,258,360$3,042,381
Land$733,673-$733,673
Other Assets Org$34,515--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patsy DavisExecutive DiFT$127,419$48,419$175,838
Patsy DavisExecutive Director-$127,419$48,419$175,838

Board Members and Trustees

NameTitle
Carl MathewsChair
Boyce DeitzVice Chair
Amy Sims-targetBoard Member
Anthony CabeBoard Member
Brandon RogersBoard Member
Brenda Oliver-holtBoard Member
Chris CooperBoard Member
Chris WeatherfordBoard Member
Diane ForeBoard Member
Elizabeth FeichterBoard Member
Georgia ForneyBoard Member
Ira DoveBoard Member
Noelle HensonBoard Member
Ronnie ClarkBoard Member
Tracy RodesBoard Member
Wes JamisonBoard Member
Richard FradySecretary
Bucky DykesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ta Hudson Builders INCConstruction81 OLD CORBIN RD, Zirconia, NC 28790$144,825
Help Air ConditioningConstructionPO BOX 1219, Bryson City, NC 28713$109,893
Revenue and Support

Revenue Composition

Contributions and Grants
$14,614,731
Program Service Revenue
$244,060
Investment Income
$29,752
Other Revenue
$301,136
All Other Contributions
$2,402,510
Change in Net Assets
$1,181,327

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$106,286Selling Price of Item
Other Non Cash Contri Table1$1,514Fair Market Value (FMV)
Total Noncash Contributions1$107,800-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,189,679
Total Revenue per Audited Statements
$15,189,679
Total Revenue per Form 990
$15,189,679
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,633,257
Salaries, Compensation, and Employee Benefits$5,345,710
Other Expenses$3,029,385
Total Fundraising Expense$62,357
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$5,633,257--$5,633,257
Other Salaries and Wages$3,594,774$553,003-$4,147,777
Office Expenses$751,194$83,129$11,192$845,515
Other Employee Benefits$639,882$98,436-$738,318
Depreciation Depletion$433,628$18,816-$452,444
Payroll Taxes$250,642$38,558-$289,200
Occupancy$238,587$6,833-$245,420
Travel$214,330$3,580$823$218,733
All Other Expenses$36,107$90,176$47,731$174,014
Pension Plan Contributions$147,694$22,721-$170,415
Other Expenses$51,014$65,798$2,161$116,812
Total Functional Expenses$12,901,906$1,044,089$62,357$14,008,352

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,008,352
Total Expenses per Audited Statements$14,008,352
Total Expenses per Form 990$14,008,352
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fringe Benefits, Leave & Indirect Co$282,833
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board of directors review form 990 at next meeting and management internally reviews it.

Form 990, Page 6, Part VI, Line 12C

Officers, directors, and key employees must sign a conflict of interest policy annually and report any potential conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

The executive committee looks at the executive director's compensation and makes a recommendation for a raise. It is usually about a 3% raise. Salary surveys are used to make sure the compensation is in line with other non-profits. The indirect cost budget is also reviewed to make sure the raise is affordable.

Form 990, Page 6, Part VI, Line 15B

The executive director reviews compensation for all key employees and decides raises based on job responsibilities, length of service, wage surveys, etc. Biggest consideration is always what can be afforded on a per program basis.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to staff, funding sources and board members as needed. Conflicts of interest policy is available to each staff person, board of director, and funding source as required. Financial statements are available to the same individuals and organizations. The annual audit report is available to anyone who requests.

Filing and Contact Details

Filer

Filer Name
Mountain Projects Inc
EIN
56-0849092
Phone
8284521447
Address
2177 ASHEVILLE ROAD, WAYNESVILLE, NC 28786

Signing Officer

Name
Patsy Davis
Title
Executive Director
Phone
8284924120
Signed
2021-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patsy Davis
Formed
1965
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
173
Volunteers
400

Preparer

Firm
Ray Bumgarner Kingshill & Assoc Pa
Address
385 N HAYWOOD ST STE 3, WAYNESVILLE, NC 28786-5722
Preparer
Nancy Lux
Phone
8284524734
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Housing - perform major renovation work on homes of lower income persons to improve housing quality. No fee is charged. 70 homes served this year; affordable housing rental - provide affordable housing units. Expenses total 208,570. Weatherization - provide assistance in self-help housing. Served 41 units during the year. Expenses total 615,444. Older american - assists elderly with physical and nutritional needs. Served 863 persons during year. Expenses 405,536. Corporation for national service - promotes people becoming involved as volunteers while assisting in needed areas such as daycares. 102 volunteers served during the year. Expenses 492,515. Community services block program - program funds central intake operations and case workers. Served over 1,373 persons during the year. Expenses 187,908. Public transportation program - provides public transportation for haywood cty citizens. Served 31,925 passengers for the year. Expenses 789,923. Navigator program: provides assistance to low income individuals in obtaining affordable health insurance coverage. Served 1,196 persons during the year. Expenses 308,577. Prevention services: this program provides adult and youth counseling focused on the prevention of substance abuse. Served 151,118 people. Expenses 196,244. Workforce opportunity act: served 84 people. Provides access to employement, education, training, and support services to job seekers. Expenses 355,696.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$15.5$3.39$12.2$23.7$20.7$3.00
2024Detailed filing. Detailed filing data is available for this year.$13.1$3.90$9.15$19.0$18.3$0.75
2023Detailed filing. Detailed filing data is available for this year.$12.0$3.56$8.40$15.0$14.6$0.40
2022Detailed filing. Detailed filing data is available for this year.$12.2$4.25$8.00$16.4$14.7$1.70
2021Detailed filing. Detailed filing data is available for this year.$9.90$3.61$6.30$15.2$14.0$1.18
2020Detailed filing. Detailed filing data is available for this year.$8.34$3.23$5.11$13.5$12.8$0.68
2019Detailed filing. Detailed filing data is available for this year.$7.39$2.95$4.43$12.7$12.5$0.23
2018Detailed filing. Detailed filing data is available for this year.$7.55$3.35$4.20$12.4$12.4$0.01
2017Detailed filing. Detailed filing data is available for this year.$6.97$2.78$4.19$12.5$12.1$0.32
2016Detailed filing. Detailed filing data is available for this year.$6.71$2.83$3.87$12.1$12.3$0.25
2015Detailed filing. Detailed filing data is available for this year.$6.95$2.82$4.12$11.1$11.8$0.66
2014Detailed filing. Detailed filing data is available for this year.$7.67$2.89$4.79$11.0$10.9$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.53$2.87$4.66$12.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.32$3.55$3.77$12.3
2011Summary only. Only limited summary data is available for this year.$5.94$2.17$3.76$12.0$12.1$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.83$1.93$3.90$11.1
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $10M-$25M nonprofits