Cape Fear Museum Associates Inc

Organization Overview

Cape Fear Museum Associates Inc is located in Wilmington, NC. The organization was established in 1972. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Fear Museum Associates Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Cape Fear Museum Associates Inc generated $298.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $98.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIRECT COSTS OF PUBLIC EVENTS, CLASSES, FIELD TRIPS, DAY CAMPS TO PROMOTE THE COUNTY OWNED MUSEUM AND LOCAL HISTORY AND CULTURE. OTHER COST OF PROMOTING AND SUPPORTING THE USE OF THE LOCAL COUNTY OWNED MUSEUM AND SOLICTING LOCAL ARTIFACTS, SUPPORT VOLUNTEERS WHO WORK FREE OF CHANGE IN THE MUSEUM, COST TO PRODUCE AND MAIL A NEWSLETTER OF MUSEUM EVENTS AND ACTIVITIES, AND THE PURCHASE OF EXHIBITS AND EQUIPMENT USED IN THE MUSEUM.


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Board, Officers & Key Employees

Name (title)Compensation
Kate Holland Baynard
President (former)
$0
Robert Cameron
President
$0
Chrystal Fray
Secretary
$0
Daniel Owen
Treasurer
$0
Emily Bogan
Director
$0
John Coble
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$33,260
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$159,003
Noncash contributions included in lines 1a–1f $57,299
Total Revenue from Contributions, Gifts, Grants & Similar$192,263
Total Program Service Revenue$17,523
Investment income $96,091
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$7,439
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $298,438

Grants Awarded

Over the last fiscal year, Cape Fear Museum Associates Inc has awarded $43,917 in support to 2 organizations.

Grant RecipientAmount

NEW HANOVER COUNTY MUSEUM

PURPOSE: STRATEGIC PLAN

$25,000

NEW HANOVER COUNTY MUSEUM

PURPOSE: REIMBURSEMENT OF EXP

$18,917
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Cape Fear Museum Associates Inc has recieved totaling $12,105.

Awarding OrganizationAmount
Association Of Science-Technology Centers Incorporated

Washington, DC

PURPOSE: IF/THEN GENDER EQUITY GRANT AWARD

$8,600
International Paper Company Foundation

Memphis, TN

PURPOSE: FAMILY DAY-HISTORY AND SCIENCE OF FIRE

$3,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$175,037
Earnings-$27,673
Admin Expense$1,078
Net Contributions$101
Ending Balance$146,387

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