2024-11-12T11:42:02-07:00 2024-06-30 990 2023-07-01 562050806 WILMINGTON FUTURE INC WILM 9103417822 PO Box 1810 Wilmington NC 28402 Clayton Roberts President/Director 9103415844 2024-11-12 1 2023 2024-10-15 13:58:12Z Clayton Roberts PO Box 1810 Wilmington NC 28402 1530491 0 X X 1997 NC The purpose of this corporation is to assist with the promoting of the general welfare of the citizens by assisting the city in carrying out its municipal and governmental functions through the acquisition, constr., sale or lease, improvements, facilities and equipment for the use and benefit of the public. 3 3 0 0 0 0 0 0 0 0 287250 1530491 0 0 287250 1530491 0 0 0 0 0 0 0 0 0 287250 1530491 287250 1530491 0 0 229874551 329458198 229874551 329458198 0 0 The corporation is specifically organized for the purpose of promoting the general public welfare of the citizens by assisting the city in carrying out its municipal and governmental functions through the acquisition, construction, sale or lease, improvements, facilities and equipment for the use and benefit of the general public. 0 0 1530491 1530491 Wilmington Future Inc. is acting as a conduit for the city and will make no profit. All interest earned will be used to fund the project(s) or will be applied toward the payments due from the city. Thus, the city will have the benefit of all earnings on accounts held by the Trustee and Wilmington Future Inc. will not hold any funds. 0 0 0 1530491 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X Jennifer R Maready 9103417822 929 N Front Street PO Box 1810 Wilmington NC 28402 Laura Mortell Vice President/Director 0.00 0.00 X 0 150725 0 Clayton Roberts President/Director 0.00 0.00 X 0 142882 0 Michelle Barber Secretary/Treasurer/Director 0.00 0.00 X 0 71400 0 0 365007 0 0 0 1 0 0 0 0 1530491 1530491 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1530491 1530491 0 0 1530491 1530491 0 0 1530491 1530491 0 0 175800000 241752500 54074551 87705698 229874551 329458198 229874551 329458198 229874551 329458198 X 0 0 0 0 0 0 0 0 229874551 329458198 0 0 0 0 0 0 X 0 0 0 X X 0 City of Wilmington North Carolina 566000239 6 1 1530491 0 1 1530491 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule A, Part IV, Section C, Line 1 Wilmington Future Inc. directors are senior management employees within the City of Wilmington. GF 2015A LOBs 2376113 CC 2016 Ref LOBs 12928425 GF 2017 LOBs 1828463 GF 2020A LOBs 5375600 GF 2020B LOBs 2725588 GF 2020C LOBs 1533470 PF 2020C LOBs 5019945 GF 2021A LOBs 1834500 GF2021B LOBs 269926 PF 2021B LOBs 56967 GF 2023A LOBs 11382500 GF 2023B LOBs 3522022 GF 2023C LOBs 4153729 GF 2023D LOBs 11078386 PF 2023D LOBs 11487114 GF 2024 LOBs 12129450 STW 2024 LOBs 3500 87705698 Notes and loans receivable, net 241752500 Other Assets (interest payments due) 87705698 329458198 0 0 0 0 0 0 0 0 0 Laura Mortell Vice President/Director 0 150725 0 0 0 0 0 0 0 0 0 150725 0 0 Form 990, Part IV, Line 24a Wilmington Future Inc. assists the City of Wilmington, NC in its municipal and governmental functions through the delivery of limited obligation bonds. The LOBs are pass-through certificates, evidencing proportionate undivided interest in right to receive certain revenues payable by the City pursuant a tax-exempt obligation issued by the City. The LOBs delivered by Wilmington Future Inc. are not tax exempt obligations. Wilmington Future Inc. does not act as "on behalf of" issuer of tax-exempt obligations or as a borrower of tax-exempt bonds proceeds under a conduit loan with a governmental issuer. Therefore, Wilmington Future Inc. has responded "no" to line 23a of Part IV. Form 990, Part VI, Section A, Line 8a Wilmington Future Inc. acts as a conduit for the City of Wilmington, NC. Wilmington Future Inc. bylaws requires keeping and filing such records as are required by the Nonprofit Corporation of North Carolina; which includes all meetings and records of all actions, Form 990, Part VI, Section A, Line 8b Wilmington Future Inc. bylaws requires keeping and filing such records as are required by Nonprofit Corporation of North Carolina, which includes all meetings and records of all actions. Form 990, Part VI, Section B, Line 11b No Policy or procedures are in place at this time for the review of Form 990 by governing body. Form 990, Part VI, Section C, Line 19 Governing documents are available upon request made to the Director of Finance, City of Wilmington, NC 929 N. Front Street, PO Box 1810, Wilmington NC, 28402. At this time, a conflict of interest policy has not been adopted by the governing board. Wilmington Future Inc. has no financial transactions or account balances; therefore, it does not issue financial statements. City of Wilmington North Carolina 929 N Front Street PO Box 1810 Wilmington NC 28402 566000239 Local Government NC 501(c)(3) 501(a)(3) Type II N/A 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 City of Wilmington North Carolina a-i 1530491 Bank Statements