From public IRS filings
MOUNTAIN BIZCAPITAL INC
ASHEVILLE, NC · Philanthropy & Voluntarism
Mission
MOUNTAIN BIZWORKS CREATES ECONOMIC OPPORTUNITY FOR THE PEOPLE OF WESTERN NORTH CAROLINA BY HELPING SMALL BUSINESSES START, GROW, AND CREATE JOBS THROUGH SMALL BUSINESS LEARNING AND LENDING.
Financials (IRS Form 990)
Total revenue
$6.4M
Total expenses
$4.7M
Total assets
$35.2M
Program expense ratio
8635%
Source: IRS Form 990, tax year 2023.
Who funds MOUNTAIN BIZCAPITAL INC
$60.2M in foundation grants on record from 7 funders — from IRS 990 grant line items.
| Funder | Total given | Grants |
|---|---|---|
| Golden Leaf | $57.5M | 1 |
| Community Foundation of Western North Carolina | $1.3M | 4 |
| Asheville Area Chamber of Commerce Community Betterment Foundation | $1.1M | 1 |
| Rural Economic Development Center | $736K | 1 |
| Rockefeller Philanthropy Advisors | $150K | 1 |
| Black Achievers | $125K | 1 |
| Appalachian Community Capital Development Foundation | $50K | 1 |
| Donor Advised Charitable Giving | $49K | 1 |
| Redf | $25K | 1 |
| Redf Impact Investing Fund | $25K | 1 |
Leadership
MATTHEW RAKER — EXECUTIVE DIRECTOR (Principal officer)
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