Wake Forest College Birthplace Society Inc
- Assets
- $3.0m
- Revenue
- $83.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Wake Forest, NC
- Founding
- 12/1963
- Data as of
- 12/2022
- EIN
- 56-6072013
Organization Overview
Wake Forest College Birthplace Society Inc is located in Wake Forest, NC. The organization was established in 1963. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, 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. Wake Forest College Birthplace 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 12/2022, Wake Forest College Birthplace Society Inc generated $83.8k 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 (13.9%) each year. All expenses for the organization totaled $92.4k during the year ending 12/2022. 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
PRESERVE AND PRESENT HISTORY OF WAKE FOREST COLLEGE PRESERVE OBJECTS AND ARCHIVAL MATERIALS RELATING TO THE HISTORY OF WAKE FOREST COLLEGE. PRESERVE AND MAINTAIN CIRCA 1820 HOUSE IN WHICH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVE OBJECTS AND ARCHIVAL MATERIALS RELATING TO THE HISTORY OF WAKE FOREST COLLEGE AND MAINTAIN CIRCA 1820 HOUSE IN WHICH THESE ITEMS ARE STORED AND EXHIBITED.
RESEARCH THE HISTORY OF WAKE FOREST COLEGE AND PUBLISH NEWSLETTERS CONTAINING HISTORICAL ARTICLES SENT TO 3000 MEMBERS. MAINTAIN EXHIBITS AND GIVE TOURS AT NO CHARGE
MAINTAIN NEW BUILDING FOR HOUSING OF HISTORICAL OBJECTS AND ARCHIVAL MATERIALS RELATING TO THE HISTORY OF WAKE FOREST COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassandra Baker President | OfficerTrustee | 4 | $0 |
Durward C Matheny Vice President | OfficerTrustee | 4 | $0 |
Jill Bright Board Member | Trustee | 0.5 | $0 |
James Cross 2nd Vice President | OfficerTrustee | 0.5 | $0 |
Murray Greason Jr Board Member | Trustee | 0.5 | $0 |
John Mitchell Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,057 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,694 |
| Total Program Service Revenue | $0 |
| Investment income | $1,355 |
| 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 | $8,411 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,760 |
| 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 | $0 |
| 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 | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,162 |
| Advertising and promotion | $50 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $45,312 |
| Total functional expenses | $92,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,669 |
| Savings and temporary cash investments | $507,917 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,479,108 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,035,694 |
| Accounts payable and accrued expenses | $0 |
| 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 | $130,205 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $130,205 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,905,489 |
| Total liabilities and net assets/fund balances | $3,035,694 |