Wake Forest College Birthplace Society Inc
- Assets
- $3.1m
- Revenue
- $181.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Wake Forest, NC
- Founding
- 12/1963
- Data as of
- 12/2021
- 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 12/2021, Wake Forest College Birthplace Society Inc generated $181.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $74.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. 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
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 |
|---|---|---|---|
Durward C Matheny Vice President | OfficerTrustee | 4 | $0 |
Cassandra Baker President | OfficerTrustee | 4 | $0 |
James Cross 2nd Vice President | OfficerTrustee | 0.5 | $0 |
Donna Pace Secretary | OfficerTrustee | 0.5 | $0 |
Elizabeth Melvin Secretary | OfficerTrustee | 0.5 | $0 |
Keith Shackleford Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,907 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,357 |
| Total Program Service Revenue | $0 |
| Investment income | $95,932 |
| 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 | $5,325 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,614 |
| 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 | $0 |
| Advertising and promotion | $0 |
| 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 | $8,190 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $26,435 |
| Total functional expenses | $74,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,733 |
| Savings and temporary cash investments | $536,638 |
| 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 | $3,068,479 |
| 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 | $154,389 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $154,389 |
| 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 | $2,914,090 |
| Total liabilities and net assets/fund balances | $3,068,479 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wake Forest College Birthplace Society Inc has recieved totaling $11,700.
| Awarding Organization | Amount |
|---|---|
North Carolina Humanities Council Charlotte, NC PURPOSE: NEW EXHIBIT AT WAKE FOREST HISTORICAL MUSEUM THAT EXPLORES HISTORY OF WAKE FOREST, RELATING OUR LOCAL HISTORY TO BROADER REGIONAL AND NATIONAL CONTEXTS AND REVEALS HOW SOCIAL, POLITICAL, AND ECONOMIC FACTORS SHAPE THE PLACES WHERE WE LIVE AND WORK TODAY, DISCUSSING THE HISTORIES OF TRANSPORTATION AND TRAVEL, SEGREGATION, THE RESEARCH TRIANGLE PARK, AND THE NEUSE RIVER BASIN. THE EXHIBIT GOALS ARE TO ORIENT VISITORS TO WAKE FOREST IN RELATION TO THE ARTIFACTS AND STORIES THEY ENCOUNTER AT THE MUSEUM; INTRODUCE VISITORS TO THE BROAD THEMES OF WAKE FOREST HISTORY AND LOCATE WAKE FOREST IN REGIONAL AND NATIONAL CONTEXTS; HELP VISITORS UNDERSTAND CONTINUITY AND CHANGE WITHIN WAKE FOREST HISTORY AND REFLECT ON HOW THE PAST SHAPES OUR COMMUNITY TODAY; HELP VISITORS BECOME CRITICAL CONSUMERS OF MAPS, PHOTOGRAPHS, AND ILLUSTRATIONS; AND SHOW VISITORS HOW THE SIGNIFICANCE OF A PLACE WAS CONSTANTLY NEGOTIATED AS INDIVIDUALS INTERACTED, LABORED, AND EXERCISED POWER ACROSS A CHANGING LANDSCAPE. | $9,625 |
Mcleod Foundation FuquayVarina, NC PURPOSE: TO SUPPORT THE ORGANIZATION'S ONGOING CHARITABLE PURPOSE. | $2,000 |
W Russell And Patricia Davis Duke Foundation Inc Greenville, NC PURPOSE: UNRESTRICTED, HISTORICAL | $75 |
Endowment Analysis
| Beg. Balance | $280,657 |
| Earnings | $64,877 |
| Net Contributions | $75,000 |
| Ending Balance | $420,534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
The Lynnwood Foundation Charlotte, NC | $21,387,443 | $5,860,754 |
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Classical American Homes Preservation Trust Hillsborough, NC | $132,123,539 | $8,113,151 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
Historic Columbia Foundation Inc Columbia, SC | $4,152,863 | $4,740,908 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
Georgia Historical Society Savannah, GA | $30,611,121 | $5,575,417 |
Coastal Heritage Society Inc Savannah, GA | $3,223,503 | $3,680,449 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |
Coastal Georgia Historical Society Inc St Simons Island, GA | $8,728,661 | $2,039,042 |
Preservation Society Of Charleston Charleston, SC | $9,215,770 | $2,455,681 |