North Carolina Society Of The Cincinnati
- Assets
- $4.8m
- Revenue
- $625.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Raleigh, NC
- Founding
- 01/1964
- Data as of
- 06/2022
- EIN
- 56-6060894
Organization Overview
North Carolina Society Of The Cincinnati is located in Raleigh, NC. The organization was established in 1964. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is the central organization for a national or regional group of organizations. North Carolina Society Of The Cincinnati 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, North Carolina Society Of The Cincinnati generated $625.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $482.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, North Carolina Society Of The Cincinnati has awarded 19 individual grants totaling $921,548. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HISTORICAL PROJECTS, PRESERVATION, AND EDUCATION ABOUT THE AMERICAN REVOLUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NC SOCIETY OF THE CINCINNATTI IS AN ORGANIZATION OF DESCENDENTS OF OFFICERS OF THE CONTINENTAL ARMY WHO SUPPORT PROJECTS OF A HISTORICAL NATURE, PROMOTE HISTORIC PRESERVATION, AND PROVIDE EDUCATION ABOUT THE AMERICAN REVOLUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Wright Lennon President | OfficerTrustee | 10 | $0 |
Lauriston Hardin Sigmon Assistant Se | OfficerTrustee | 2 | $0 |
Kirk Gibson Warner Secretary | OfficerTrustee | 2 | $0 |
Paul Mark Davidson Treasurer | OfficerTrustee | 10 | $0 |
Joseph Branch Craige Kluttz Vice Preside | OfficerTrustee | 2 | $0 |
Cornelius Trawick Mcdonald III Assistant Tr | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $317,274 |
| Noncash contributions included in lines 1a–1f | $31,799 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,774 |
| Total Program Service Revenue | $92,072 |
| Investment income | $111,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $625,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $187,516 |
| 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 | $48,945 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,170 |
| 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 | $2,169 |
| Information technology | $1,975 |
| Royalties | $0 |
| Occupancy | $9,438 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,544 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,910 |
| Insurance | $5,213 |
| All other expenses | $15,666 |
| Total functional expenses | $482,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,385 |
| Savings and temporary cash investments | $1,004,462 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,270 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,193 |
| Net Land, buildings, and equipment | $311,531 |
| Investments—publicly traded securities | $3,148,446 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,908 |
| Total assets | $4,781,195 |
| Accounts payable and accrued expenses | $3,508 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,508 |
| Net assets without donor restrictions | $4,736,218 |
| Net assets with donor restrictions | $41,469 |
| 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 | $4,781,195 |
Grants Awarded
Over the last fiscal year, North Carolina Society Of The Cincinnati has awarded $175,616 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: SUPPORT | $147,595 |
NC MUSEUM OF HISTORY FOUNDATION | | | $21,921 |
Washington, DC PURPOSE: SUPPORT | $6,100 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that North Carolina Society Of The Cincinnati has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Daniels Fund Denver, CO PURPOSE: COURSE MATERIALS ON THE AMERICAN REVOLUTION FOR HIGH SCHOOLS | $30,000 |
Daniels Fund Denver, CO PURPOSE: COURSE MATERIALS ON THE AMERICAN REVOLUTION FOR HIGH SCHOOLS | $30,000 |
Endowment Analysis
| Beg. Balance | $4,581,986 |
| Earnings | -$416,034 |
| Net Contributions | $7,000 |
| Other Expense | $143,793 |
| Ending Balance | $4,029,159 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Vernon Ladies Association Of The Union Mount Vernon, VA | $342,045,360 | $38,819,933 |
Atlanta Historical Society Inc Atlanta, GA | $186,882,791 | $33,828,707 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Bell Tower Green Inc Salisbury, NC | $2,054,412 | $2,539,569 |
Fox Theatre Inc Atlanta, GA | $106,794,461 | $20,353,110 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
The Lodges At Banning Mills Retreat And Conservation Center Inc Whitesburg, GA | $8,373,902 | $8,117,551 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |
Robert E Lee Memorial Association Stratford, VA | $32,464,208 | $3,400,673 |
Atlanta Beltline Partnership Inc Atlanta, GA | $54,208,865 | $38,882,931 |