Ocracoke Preservation Society Inc
- Assets
- $1.1m
- Revenue
- $272.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Ocracoke, NC
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 56-1360791
Organization Overview
Ocracoke Preservation Society Inc is located in Ocracoke, NC. The organization was established in 1984. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2021, Ocracoke Preservation Society Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocracoke Preservation Society 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 12/2021, Ocracoke Preservation Society Inc generated $272.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $128.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF THE OCRACOKE ISLAND HERITAGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN HISTORIC OCRACOKE HOME AS MUSEUM, LIBRARY AND TO PROMOTE OCRACOKE HERITAGE THRU SPECIAL EVENTS DURING THE YEAR
PUBLISH AND DISTRIBUTE NEWSLETTER DEDICATED TO HISTORIC ENVIRONMENTAL AND CULTURAL ASPECTS OF OCRACOKE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Ralston Treasurer | OfficerTrustee | 1 | $0 |
Jeanie Owens Secretary | OfficerTrustee | 1 | $0 |
Kenneth Debarth President | OfficerTrustee | 1 | $0 |
Bill Cole Vice President | Officer | 1 | $0 |
Brant Godfrey Trustee | Trustee | 1 | $0 |
Bob Kornegay Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $133,721 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,157 |
| Total Program Service Revenue | $0 |
| Investment income | $1,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,291 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $75 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,933 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,116 |
| Insurance | $5,292 |
| All other expenses | $15,129 |
| Total functional expenses | $128,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470 |
| Savings and temporary cash investments | $263,344 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,640 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,546 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $828,294 |
| Investments—publicly traded securities | $18,584 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,147,878 |
| Accounts payable and accrued expenses | $1,689 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $556,977 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $558,666 |
| Net assets without donor restrictions | $462,528 |
| Net assets with donor restrictions | $126,684 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,147,878 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ocracoke Preservation Society Inc has recieved totaling $11,304.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $11,003 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $251 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ducks Unlimited Inc Memphis, TN | $0 | $54,159,225 |
Student Conservation Association Inc Arlington, VA | $24,445,728 | $38,897,444 |
National Wild Turkey Federation Inc Edgefield, SC | $31,755,758 | $37,600,735 |
National Recreation & Park Association Ashburn, VA | $21,753,457 | $20,081,113 |
Council On Library And Information Resources Alexandria, VA | $9,356,231 | $5,065,712 |
Soil Health Institute Morrisville, NC | $10,639,315 | $15,101,825 |
North Carolina Coastal Federation Inc Newport, NC | $41,804,340 | $11,179,036 |
National Wild Turkey Federation Inc Edgefield, SC | $3,313,525 | $6,209,354 |
Grandfather Mountain Stewardship Foundation Inc Linville, NC | $32,676,057 | $11,793,646 |
Union Sportsmens Alliance Spring Hill, TN | $6,139,898 | $5,375,526 |
Cfa Interpretive Association Pisgah Forest, NC | $3,211,221 | $4,721,958 |
Capital Region Land Conservancy Inc Richmond, VA | $3,496,641 | $3,866,671 |