CAPE FEAR MUSEUM ASSOCIATES INC Charity Report

Public IRS 990 nonprofit record

CAPE FEAR MUSEUM ASSOCIATES INC

EIN 23-7210395 · Arts, Culture & Humanities (A115)

What they do

to Solicit and Receive Contributions for The County Owned Historical Museum. to Purchase and Receive Museum Pieces and Artifacts of Local Historical Value. to Support and Assist In Expanding The Work of The Museum.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $45.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders21 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

28.34%of revenue went to mission work45.0% of expenses · Program services

12.28%of revenue went to fundraising19.5% of expenses

$63.04spent for every $100 of revenueRevenue covered expenses this year.

22.41%of revenue went to management and office costs35.6% of expenses

$10.78in assets for every $1 spent this yearSome assets cannot be spent right away.

71.5%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$326,376

Mission workProgram services$92,51028.34% of revenue45.0% of expenses

ManagementOffice and general costs$73,14922.41% of revenue35.6% of expenses

FundraisingAsking for donations$40,08412.28% of revenue19.5% of expenses

Revenue left after expensesReported annual surplus$120,63336.96% of revenueShown in gray on the chart

Total expenses$205,74363.04% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 45.0% mission · 35.6% management · 19.5% fundraisingTotal expenses: 63.04% of revenue

2023Expense mix: 80.5% mission · 13.0% management · 6.5% fundraisingTotal expenses: 131.00% of revenue

2022Expense mix: 66.8% mission · 22.0% management · 11.2% fundraisingTotal expenses: 71.78% of revenue

2021Expense mix: 59.7% mission · 33.4% management · 7.0% fundraisingTotal expenses: 33.14% of revenue

2020Expense mix: 76.6% mission · 19.9% management · 3.5% fundraisingTotal expenses: 51.05% of revenue

2019Expense mix: 73.2% mission · 20.6% management · 6.2% fundraisingTotal expenses: 62.13% of revenue

2018Expense mix: 68.1% mission · 25.1% management · 6.8% fundraisingTotal expenses: 41.68% of revenue

2017Expense mix: 78.1% mission · 16.8% management · 5.1% fundraisingTotal expenses: 72.04% of revenue

Money in and money out

Revenue$326,376

Expenses$205,743

Annual surplus $120,633 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$92,510 · 45.0% of expenses

Management and office costs$73,149 · 35.6% of expenses

Fundraising$40,084 · 19.5% of expenses

See all reported dollar amounts

Revenue$326,376

Expenses$205,743

Assets$2,217,332

Income$337,376

Contributions$233,413

Mission work (program services)$92,510

Fundraising$40,084

Grants given$6,225

Average grant$6,225

Management and general$73,149

Stocks and bonds$1,758,079

Accounting fees$12,760

Investing fees$9,730

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (21)

JUDY THORNTONDIRECTOR

WHEAT HOLTDIRECTOR

TONI PENCEVICE PRESIDENT

SUSAN HANNASECRETARY

STUART BORRETTDIRECTOR

SARA IZADPRESIDENT

ROBERT CAMERON JRDIRECTOR

RICHARD FORMODIRECTOR

KATIE GLOEPAST PRESIDENT

KATHRYN BREWERDIRECTOR

KATE BAYNARDDIRECTOR

AMY AKERSDIRECTOR

JOHN COBLETREASURER

JACK MILLSDIRECTOR

GIRARD NEWKIRKDIRECTOR

GINNY DUNNDIRECTOR

DANIELLA REINADIRECTOR

DANA CRATERDIRECTOR

CHIP RAJCADIRECTOR

CAROL ANNE DURHAMDIRECTOR

ASHLEY SMEATONDIRECTOR

About this charity

Recognized since: January 1972
Location: 230 GRACE ST # B, WILMINGTON, NC 28401-0000
County: New Hanover
In care of: Toni Pence
Primary officer: Toni Pence, President

How to reach them

WebsiteVisit the charity’s website Phone(910) 798-4357 Officer phone(910) 612-8359

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: EARNEY ACCOUNTANTS & ADVISORS PLLC
NTEE classification: Arts, Culture & Humanities (A115)
IRS tax category: Museums
Grant-giving organization: Yes