Nonprofit · EIN 23-7210395
CAPE FEAR MUSEUM ASSOCIATES INC
Tax-exempt · WILMINGTON, NC 28401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $326,376 | $205,743 | $120,633 | $2,217,332 | $2,010 | $2,215,322 |
| June 30, 2024 | 990 | $241,679 | $316,608 | -$74,929 | $1,826,860 | $1,210 | $1,825,650 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $233,413
- Program service revenue
- $20,786
- Investment income
- $80,247
- Net gain from sales of assets
- $46,845
- Net income from fundraising events
- -$8,070
- Other revenue
- -$8,070
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,760
- Program services (functional)
- $92,510
- Management and general (functional)
- $73,149
- Fundraising (functional)
- $40,084
Balance sheet and other
- Total assets, start of year
- $1,826,860
- Total assets, end of year
- $2,217,332
- Total liabilities, end of year
- $2,010
- Net assets, end of year
- $2,215,322
- Publicly traded securities
- $1,758,079
- Net assets without donor restrictions
- $1,894,879
- Net assets with donor restrictions
- $320,443
- Gross receipts
- $337,376
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1970
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sara Izad | President Trustee or director, Officer | 2 | $0 |
| Toni Pence | Vice President Trustee or director, Officer | 2 | $0 |
| Susan Hanna | Secretary Trustee or director, Officer | 2 | $0 |
| John Coble | Treasurer Trustee or director, Officer | 2 | $0 |
| Katie Gloe | Past President Trustee or director | 1 | $0 |
| Amy Akers | Director Trustee or director | 1 | $0 |
| Kate Baynard | Director Trustee or director | 1 | $0 |
| Stuart Borrett | Director Trustee or director | 1 | $0 |
| Kathryn Brewer | Director Trustee or director | 1 | $0 |
| Robert Cameron Jr | Director Trustee or director | 1 | $0 |
| Ginny Dunn | Director Trustee or director | 1 | $0 |
| Carol Anne Durham | Director Trustee or director | 1 | $0 |
| Richard Formo | Director Trustee or director | 1 | $0 |
| Wheat Holt | Director Trustee or director | 1 | $0 |
| Girard Newkirk | Director Trustee or director | 1 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chip Rajca | Director Trustee or director | 1 | $0 |
| Daniella Reina | Director Trustee or director | 1 | $0 |
| Ashley Smeaton | Director Trustee or director | 1 | $0 |
| Judy Thornton | Director Trustee or director | 1 | $0 |
| Jack Mills | Director Trustee or director | 1 | $0 |
| Dana Crater | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sara Izad | President Trustee or director, Officer | 2 | $0 |
| Toni Pence | Vice President Trustee or director, Officer | 2 | $0 |
| Susan Hanna | Secretary Trustee or director, Officer | 2 | $0 |
| John Coble | Treasurer Trustee or director, Officer | 2 | $0 |
| Katie Gloe | Past President Trustee or director | 1 | $0 |
| Amy Akers | Director Trustee or director | 1 | $0 |
| Kate Baynard | Director Trustee or director | 1 | $0 |
| Stuart Borrett | Director Trustee or director | 1 | $0 |
| Kathryn Brewer | Director Trustee or director | 1 | $0 |
| Robert Cameron Jr | Director Trustee or director | 1 | $0 |
| Ginny Dunn | Director Trustee or director | 1 | $0 |
| Carol Anne Durham | Director Trustee or director | 1 | $0 |
| Richard Formo | Director Trustee or director | 1 | $0 |
| Wheat Holt | Director Trustee or director | 1 | $0 |
| Girard Newkirk | Director Trustee or director | 1 | $0 |
| Chip Rajca | Director Trustee or director | 1 | $0 |
| Daniella Reina | Director Trustee or director | 1 | $0 |
| Ashley Smeaton | Director Trustee or director | 1 | $0 |
| Judy Thornton | Director Trustee or director | 1 | $0 |
| Jack Mills | Director Trustee or director | 1 | $0 |
| Dana Crater | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 230 GRACE ST # B, WILMINGTON, NC 28401-0000
- Principal officer (990 for 2024)
- Toni Pence, 814 Market Street, Wilmington, NC 28401
- Signed the 990
- Toni Pence, President
- Phone
- (910) 798-4357
- Website
- www.cfmassociates.org
- Return prepared by
- EARNEY Accountants & Advisors PLLC
Mission
To solicit and receive contributions for the county owned historical museum. To purchase and receive museum pieces and artifacts of local historical value. To support and assist in expanding the work of the museum.
Program accomplishments
- Direct costs of public events, classes, field trips, day camps to promote the county owned museum and local history and culture. Other cost of promoting and supporting the use of the local county owned museum and solicting local artifacts, support volunteers who work free of change in the museum, cost to produce and mail a newsletter of museum events and activities, and the purchase of exhibits and equipment used in the museum.Expenses $92,510 · revenue $20,786
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7210395
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A115)
- Assets (IRS master file)
- $2,217,332
- Income (IRS master file)
- $337,376
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $326,376 | $205,743 | $2,217,332 | XML |
| 990 | June 2024 | $241,679 | $316,608 | $1,826,860 | XML |
| 990 | June 2023 | $364,952 | $261,952 | $1,716,338 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7210395).
Questions about CAPE FEAR MUSEUM ASSOCIATES INC
- What is the EIN of CAPE FEAR MUSEUM ASSOCIATES INC?
- The employer identification number (EIN) of CAPE FEAR MUSEUM ASSOCIATES INC is 23-7210395.
- Is CAPE FEAR MUSEUM ASSOCIATES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to CAPE FEAR MUSEUM ASSOCIATES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPE FEAR MUSEUM ASSOCIATES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAPE FEAR MUSEUM ASSOCIATES INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPE FEAR MUSEUM ASSOCIATES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CAPE FEAR MUSEUM ASSOCIATES INC?
- The 990 for the year ended June 30, 2025 names Toni Pence.
- Who are the officers and directors of CAPE FEAR MUSEUM ASSOCIATES INC?
- The 990 for the year ended June 30, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does CAPE FEAR MUSEUM ASSOCIATES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $326,376, expenses of $205,743 and total assets of $2,217,332 at year end.
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