Core Sound Waterfowl Museum
- Assets
- $4.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Harkers Island, NC
- Founding
- 09/1992
- Data as of
- 06/2022
- EIN
- 56-1776900
Organization Overview
Core Sound Waterfowl Museum is located in Harkers Island, NC. The organization was established in 1992. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Core Sound Waterfowl Museum employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Core Sound Waterfowl Museum 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, Core Sound Waterfowl Museum generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $886.1k during the year ending 06/2022. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT & PRESERVE THE WAY OF LIFE OF COASTAL MARITIME COMMUNITIES IN THE CENTRAL COASTAL REGION OF EASTERN NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PROGRAMS AND PROJECTS TO EDUCATE THE PUBLIC, SUPPORT COMMUNITY HERITAGE DEVELOPMENT,AND TO PROVIDE FACILITIES TO OTHER NON-PROFIT GROUPS IN ORDER TO PRESERVE AND PROMOTE MARITIME TRADITIONS AND RESOURCES IN THE CENTRAL COASTAL REGION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James C Briley Jr Treasurer | OfficerTrustee | 2 | $0 |
Lockwood Phillips President | OfficerTrustee | 6 | $0 |
Cindy Brown Director | Trustee | 1 | $0 |
Tommy Jones Director | Trustee | 1 | $0 |
Jim Davis Director | Trustee | 0 | $0 |
Doily Fulcher Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $95,569 |
| Fundraising events | $25,325 |
| Related organizations | $0 |
| Government grants | $63,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $641,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $826,015 |
| Total Program Service Revenue | $65,766 |
| Investment income | $7,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,823 |
| Net Income from Gaming Activities | $21,495 |
| Net Income from Sales of Inventory | $140,281 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,101,946 |
| 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 | $330,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,101 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,314 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,420 |
| Insurance | $61,489 |
| All other expenses | $14,191 |
| Total functional expenses | $886,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $589,811 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $39,711 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $197,722 |
| Prepaid expenses and deferred charges | $39,120 |
| Net Land, buildings, and equipment | $3,349,955 |
| Investments—publicly traded securities | $455,338 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,937 |
| Total assets | $4,731,594 |
| Accounts payable and accrued expenses | $44,253 |
| Grants payable | $0 |
| Deferred revenue | $30,759 |
| 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 | $344,833 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $419,845 |
| Net assets without donor restrictions | $3,162,380 |
| Net assets with donor restrictions | $1,149,369 |
| 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 | $4,731,594 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Core Sound Waterfowl Museum has recieved totaling $31,959.
| Awarding Organization | Amount |
|---|---|
Robert T And Suellen G Monk Family Foundation Inc Raleigh, NC PURPOSE: GENERAL PURPOSE SUPPORT | $15,000 |
Ramsay Family Foundation Inc Jamestown, NC PURPOSE: PROGRAM SUPPORT | $10,000 |
Loomis Foundation Inc Overland Park, KS PURPOSE: GENERAL CHARITABLE PURPOSE | $5,000 |
Taylor Foundation Palm Beach, FL PURPOSE: COMMUNITY | $600 |
C Hamilton Sloan Foundation Raleigh, NC PURPOSE: EDUCATION AND PRESERVATION | $500 |
Turner Battle Bunn Jr And Catherine Eagles Bunn Foundation Inc Wilson, NC PURPOSE: EDUCATION | $300 |
Endowment Analysis
| Beg. Balance | $1,106,295 |
| Earnings | -$29,209 |
| Net Contributions | $476,632 |
| Other Expense | $97,240 |
| Ending Balance | $1,456,478 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Music Foundation Inc Nashville, TN | $103,507,163 | $14,152,198 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
International African American Museum Charleston, SC | $69,899,271 | $29,654,302 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |
Tennessee Valley Railroad Museum Inc Chattanooga, TN | $14,724,108 | $5,452,372 |
Cultural And Heritage Commission Of York County Rock Hill, SC | $4,729,121 | $4,880,963 |
Science Museum Of Virginia Foundation Incorporated Richmond, VA | $31,752,161 | $5,835,880 |