Overview

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Est.

2002

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

MOUNTAIN BIZCAPITAL INC is a nonprofit foundation and communications media organization focused on helping small businesses start, grow, and create jobs in Western North Carolina through small business learning and lending. For filing year 2025, it reported an operating budget of $5.4M and total revenue of $10.1M, with major support from The Golden LEAF Inc, DOGWOOD HEALTH TRUST, and THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC.

Mission Statement

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.
Revenues
$12.9M
Expenses
$5.8M
Net Income:
+$7.1M
Assets
$50.6M
Liabilities
$28.1M
Net Assets:
+$22.5M
Operating Budget
$5.8M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
12
Median grant size
$37K
Largest grant received
$1M
M
Matthew Raker
Board Member
D
Duane Adams
Board Member
B
Brandon Wallace
Board Member
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  • 27 funders
  • 47 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is MOUNTAIN BIZCAPITAL INC’s budget?
In 2024, MOUNTAIN BIZCAPITAL INC reported an annual operating budget of around $5.8 million. More detailed financial information is available to registered users.
What causes does MOUNTAIN BIZCAPITAL INC support?
MOUNTAIN BIZCAPITAL INC supports work in Communication media and Foundations.
Where does MOUNTAIN BIZCAPITAL INC operate?
MOUNTAIN BIZCAPITAL INC is headquartered in ASHEVILLE, NC.
Who funded MOUNTAIN BIZCAPITAL INC recently?
In 2025, MOUNTAIN BIZCAPITAL INC received grants from The Golden LEAF Inc, THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC, and TD CHARITABLE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant MOUNTAIN BIZCAPITAL INC received in 2024?
The largest grant to MOUNTAIN BIZCAPITAL INC in 2024 exceeds $1 million.
What is MOUNTAIN BIZCAPITAL INC’s reliance on government grants?
MOUNTAIN BIZCAPITAL INC relied on government grants for more than 55% of their total revenue in 2024.