Nonprofit · EIN 56-0161690
CAPE FEAR CLUB
Tax-exempt · WILMINGTON, NC 28401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,223,832 | $1,142,187 | $81,645 | $2,389,046 | $33,354 | $2,355,692 |
| December 31, 2023 | 990 | $1,087,037 | $840,677 | $246,360 | $2,297,066 | $23,017 | $2,274,049 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $965,142
- Investment income
- $20,574
- Net income from sales of inventory
- $238,116
- Other revenue
- $238,116
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $549,428
- Salaries, compensation and benefits (total)
- $594,385
- Professional fundraising fees
- $0
- Occupancy
- $47,335
- Depreciation
- $31,314
Balance sheet and other
- Total assets, start of year
- $2,297,066
- Total assets, end of year
- $2,389,046
- Total liabilities, end of year
- $33,354
- Net assets, end of year
- $2,355,692
- Land, buildings and equipment
- $1,116,702
- Net assets without donor restrictions
- $2,355,692
- Gross receipts
- $1,523,760
- Employees
- 15
- Year formed
- 1872
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH R TUGWELL | GENERAL MANA Officer | 40 | $91,400 |
| D BENFORD | PRESIDENT Officer | 2 | $0 |
| M KRAUS | VICE PRESIDE Officer | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| R GEISS | MANAGER Officer | 40 | $94,100 |
| D BENFORD | VICE PRESIDE Officer | 2 | $0 |
| M KRAUS | TREASURER Officer | 2 | $0 |
| S WELLS | PRESIDENT Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 206 CHESTNUT ST, WILMINGTON, NC 28401-3943
- Principal officer (990 for 2024)
- D BENFORD, PO BOX 569, WILMINGTON, NC 28401
- Signed the 990
- D BENFORD, PRESIDENT
- Phone
- (910) 762-7448
- Return prepared by
- WILLIFORD HOUSTON & CO CPAS PLLC
Mission
PRIVATE CLUB
Program accomplishments
- RECREATIONAL ACTIVITIES FOR MEMBERS
- RECREATIONAL ACTIVITIES FOR MEMBERS
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0161690
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,389,046
- Income (IRS master file)
- $1,523,760
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,223,832 | $1,142,187 | $2,389,046 | IRS |
| 990 | December 2023 | $1,087,037 | $840,677 | $2,297,066 | XML |
| 990 | December 2022 | $942,732 | $822,854 | $2,043,392 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 56-0161690).
Questions about CAPE FEAR CLUB
- What is the EIN of CAPE FEAR CLUB?
- The employer identification number (EIN) of CAPE FEAR CLUB is 56-0161690.
- Is CAPE FEAR CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1945.
- Are donations to CAPE FEAR CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CAPE FEAR CLUB 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 CLUB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPE FEAR CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CAPE FEAR CLUB?
- The 990 for the year ended December 31, 2024 names D BENFORD.
- Who are the officers and directors of CAPE FEAR CLUB?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $91,400 (JOSEPH R TUGWELL, GENERAL MANA).
- How much revenue does CAPE FEAR CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,223,832, expenses of $1,142,187 and total assets of $2,389,046 at year end.
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