Friends Of The Battleship North Carolina Inc
- Assets
- $885.0k
- Revenue
- $210.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Wilmington, NC
- Founding
- 03/1987
- Data as of
- 09/2023
- EIN
- 58-1074102
Organization Overview
Friends Of The Battleship North Carolina Inc is located in Wilmington, NC. The organization was established in 1987. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Battleship North Carolina 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 09/2023, Friends Of The Battleship North Carolina Inc generated $210.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (29.4%) each year. All expenses for the organization totaled $104.0k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (37.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CORPORATION IS TO SUPPORT THE BATTLESHIP NORTH CAROLINA, TO PROMOTE AND PERPETUATE OTHER ACTIVITIES RELATING TO THE BATTLESHIP NORTH CAROLINA AND TO WORK COOPERATIVELY WITH THE NORTH CAROLINA DEPARTMENT OF NATURAL AND CULTURAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP - THE FRIENDS CONTINUE TO WORK TOWARD EXPANDING MEMBERSHIP AND ENCOURAGING GENERAL CONTRIBUTIONS THROUGH MEMBERSHIP DRIVES, DIRECT MAIL AND SOCIAL MEDIA VENUES. CONTINUED EDUCATIONAL OPPORTUNITIES TO ENHANCE THE BOARD OF DIRECTORS CAPABILITIES HAS BEEN ONE OF MANY GOALS ACCOMPLISHED.
BATTLESHIP SUPPORT AND IMPROVEMENTS - THE FRIENDS CONTINUE TO FUND PROJECTS FOR THE BATTLESHIP THAT FALL OUTSIDE THE SHIP'S OPERATING BUDGET. THESE PROJECTS INCLUDE IMPROVEMENTS TO THE FACILITIES SUCH AS SAFETY UPGRADES; LANDSCAPING; TECHNOLOGY IMPROVEMENTS; NEW OR ENHANCED EDUCATIONAL DISPLAYS;ARTIFACT ACQUISITION; GENERATIONS CAMPAIGN PHASE 3 "LIVING WITH WATER; AND RESTORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Glossl Executive Director | Trustee | 20 | $22,500 |
Ron Henderson Chair | OfficerTrustee | 3 | $0 |
Jeff Mixon Secretary | OfficerTrustee | 3 | $0 |
Ronnie Rhodes Treasurer | OfficerTrustee | 10 | $0 |
John Whitley Vice Chair | OfficerTrustee | 3 | $0 |
Gordon Hume Member At Large | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $79,808 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,673 |
| Total Program Service Revenue | $74,006 |
| Investment income | $12,207 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,886 |
| 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. | $24,221 |
| Compensation of current officers, directors, key employees. | $24,221 |
| 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 | $10,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,652 |
| Advertising and promotion | $0 |
| Office expenses | $14,474 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $103,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503,334 |
| Savings and temporary cash investments | $356,105 |
| Pledges and grants receivable | $12,000 |
| Accounts receivable, net | $12,527 |
| 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 | $1,055 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $885,021 |
| Accounts payable and accrued expenses | $26,291 |
| Grants payable | $0 |
| Deferred revenue | $1,715 |
| 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 | $410 |
| Total liabilities | $28,416 |
| Net assets without donor restrictions | $389,660 |
| Net assets with donor restrictions | $466,945 |
| 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 | $885,021 |