EIN 14-1864873

Mountain Bizworks

IRS 501(c) type
501(c)(3)
Num. employees
34
Year formed
2002
Most recent tax filings
2023-12-01
Description
Mountain Bizworks helps small businesses start, grow, and create jobs through learning and lending in Western North Carolina.
Also known as...
Mountain Bizcapital
Total revenues
$6,406,300
2023
Total expenses
$4,683,575
2023
Total assets
$35,233,771
2023
Num. employees
34
2023

Program areas at Mountain Bizworks

Mountain Bizcapital (mbc) is a not-for-profit corporation established 34 years ago. The primary purpose of mbc is to provide direct micro and small business loans to expand economic opportunities in low income and other underbanked communities. Since its existence, mbc has provided 121.4 million in financing to over 4,004 businesses which have created 9,759 jobs across western north carolina. In april 2003, mbc was certified as a community development financial institution by the community development financial institution fund of the us department of treasury. The organization is classified as a publicly- supported charitable organization under section 501(c)(3) of the internal revenue code.

Who funds Mountain Bizworks

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Dogwood Health TrustThis Grant Will Support Mountain Bizcapital, Inc. in Providing Technical Assistance and Access To Capital for Low-Income Entrepreneurs Who Are Unable To Receive Funding From Traditional Financial Institutions Due To Lack of Creditworthiness.$1,100,000
North Carolina Rural CenterCdfi Capacity Building Program Grants$736,000
Dogwood Health TrustTo Provide Access To Capital To Under-Fueled Entrepreneurs By Funding Mountain Bizworks Rural Small Business Expansion and Cre Lending Program.$570,000
...and 9 more grants received

Personnel at Mountain Bizworks

NameTitleCompensation
Brad BassingerChief Financial Officer
Matthew RakerExecutive Director$141,678
Ingrid SanderPast Chief Financial Officer / Finance Manager
Patrick FitzsimmonsPast Executive Director$96,417
Cathy NeilsonChief Operating Officer$54,554
...and 1 more key personnel

Financials for Mountain Bizworks

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,559,721
Program services$2,682,080
Investment income and dividends$161,842
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,657
Total revenues$6,406,300

Form 990s for Mountain Bizworks

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-15990View PDF
2022-122023-05-01990View PDF
2021-122022-05-10990View PDF
2020-122021-05-25990View PDF
2019-122021-01-21990View PDF
...and 10 more Form 990s

Organizations like Mountain Bizworks

OrganizationLocationRevenue
AccessitySan Diego, CA$5,295,637
DreamspringAlbuquerque, NM$25,867,927
AscendusNew York, NY$13,403,959
Access To Capital for EntrepreneursCleveland, GA$13,820,713
TruFund Financial servicesNew York, NY$16,024,804
Entrepreneur FundDuluth, MN$13,045,758
Nebraska Enterprise FundOakland, NE$4,516,971
Northern Economic Initiatives CorporationMarquette, MI$3,668,012
Carolina Small Business Development FundRaleigh, NC$10,484,327
TMC Community CapitalOakland, CA$2,351,825
Data update history
July 18, 2024
Updated personnel
Identified 4 new personnel
July 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 19, 2024
Received grants
Identified 5 new grant, including a grant for $736,000 from North Carolina Rural Center
December 23, 2023
Received grants
Identified 4 new grant, including a grant for $1,100,000 from Dogwood Health Trust
August 21, 2023
Received grants
Identified 9 new grant, including a grant for $900,000 from Dogwood Health Trust
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
EnvironmentBusiness and industry
Characteristics
Provides grantsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
153 S Lexington
Asheville, NC 28801
Metro area
Asheville, NC
County
Buncombe County, NC
Website URL
mountainbizworks.org/ 
Phone
(828) 253-2834
IRS details
EIN
14-1864873
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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