Victory Mountain Ministries

CLYDE, NC EIN: 27-1263998

Victory Mountain Ministries is a private foundation, based in CLYDE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7K in total assets. In 2024, it awarded 24 grants totaling $129K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7K

-58.4% YoY

Annual Giving

$129K

+135.9% YoY

Grant Count

24

-17.2% YoY

Avg Grant Size

$5K

+185.1% YoY

Under IRS private-foundation payout rules, Victory Mountain Ministries reported a distributable amount of $615 for 2024 — the minimum it must pay out in qualifying distributions.

About Victory Mountain Ministries

Based on IRS filings

Victory Mountain Ministries is a private foundation, based in CLYDE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7K in total assets. In 2024, it awarded 24 grants totaling $129K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

11states
+3 more states

Cities

ArdenAshevilleCandlerCantonCaryClearwaterClydeColumbiaCrowleyCummingDestrehanFletcherGreenvilleHendersonvilleKailua KonaLeesvilleLindaleMaggie ValleyMarshallMontreat

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$39K$78K$117K$156K20202021202220232024
Metric202420232022
Total Assets$6,721$16,147$19,189
Revenue$132,400$67,660$37,900
Expenses$142,006$70,702$45,864
Qualifying Distributions
Net Investment Income
Distributable Amount$615

Giving Over Time

Total grant dollars and number of grants per year

$0$32K$65K$97K$129K0 grants202016 grants202111 grants202229 grants202324 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

LifeWorks Wellness$76KJR Crouse$20KSalvation Army of Waynes…$5KAsheville Dream Center$4KTracey Cruz$4KHaywood Pathways$3KTerri Savelle Foy Minist…$3KAsheville Dream Center$2KHope Reigns$1KEverlove$1K

Grant Size Distribution

80 grants across all recorded years

79<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include LifeWorks Wellness ($76,482), JR Crouse ($20,333), Salvation Army of Waynesville ($4,981).

RecipientPurposeAmount
Dianne Bledsoe Hendersonville, NCPhone expense for retire pastors$500
Asbury Theological Seminary Wilmore, KYStudent fees for theology student$1,024
Richard Fish Ministry Tyler, TXGeneral Funds$100
Access Secure Funds Saint Louis, MOInmate Joseph Jackson food and hygiene items$136
Michael Cobbledick Marshall, NCMoving expenses for a widow whose home is unfit$320
Salvation Army of Waynesville Waynesville, NCFlood Relief Items$4,981
LifeWorks Wellness Clearwater, FLMedical bills for Pastor Suzette Bowman$76,482
Hope Reigns Raleigh, NCGeneral Funds$1,386
Everlove Waynesville, NCFuneral expenses for Paster Paul Hensley$1,340
The Rock Church Candler, NCMission trips$551

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
Martha Matthews DirectorSecretary
Mona W NordsellTreasurer

Frequently Asked Questions

How large is Victory Mountain Ministries?

As of 2024, Victory Mountain Ministries holds $7K in total assets with $132K in annual revenue. It awarded 24 grants totaling $129K in 2024.

Where does Victory Mountain Ministries operate?

Victory Mountain Ministries has awarded grants in California, Florida, Georgia, Hawaii, Kentucky, Louisiana, Missouri, North Carolina, New York, South Carolina, Texas.

What size grants does Victory Mountain Ministries award?

In 2024, Victory Mountain Ministries awarded 24 grants totaling $129K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Victory Mountain Ministries required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Victory Mountain Ministries reported a distributable amount of $615 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Victory Mountain Ministries's EIN?

Victory Mountain Ministries's EIN (Employer Identification Number) is 27-1263998. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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