Martin Luther King Jr Association of Asheville & Buncombe County
Nonprofit profile at a glance
- EIN
- 134219513
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Asheville, NC, USA
- Phone
- 8282811624
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Minority Rights
Reported finances
- Revenue
- $141,396
- Expenses
- $127,780
- Assets
- $13,616
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- ORALENE GRAVES SIMMONS (FOUNDER AND PRESIDENT)
- JONATHAN MCCOY (VICE PRESIDENT)
People named in this filing
- ORALENE GRAVES SIMMONS (FOUNDER AND PRESIDENT)
- JONATHAN MCCOY (VICE PRESIDENT)
- MONIQUE A TAYLOR (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Dedicated to advancing and preserving the legacy of dr martin luther king jr
What it reported doing in 2024
Dr martin luther king jr peace march and candlelight services: 900-1000 participants benefited; rosa parks and john lewis awards ceremonies: benefited 100-125 participants
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 51% for direct work, and 49% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 82
- Sustainability: 38
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.9%; rating input score 58
- Program expense ratio: 64.1%; rating input score 64
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 9.6%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 0.11; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 9.1% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 6.9% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: -52.6% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 57.9% of revenue deployed · 64.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $82K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Sustainability: Operating margin scored 57/100.
- High — Growth: Asset growth scored 0/100.