Nonprofit · EIN 93-2915935
CAPE LOOKOUT ALBACORE FOUNDATION INC
Tax-exempt · RALEIGH, NC 27612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $68,036 | $61,630 | $6,406 | $23,777 | – | $23,777 |
| December 31, 2024 | 990-EZ | $66,958 | $67,494 | -$536 | $17,371 | – | $17,371 |
| December 31, 2023 | 990-EZ | $73,585 | $55,678 | $17,907 | $17,907 | – | $17,907 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $53,713
- Program service revenue
- $14,323
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $4,488
- Printing, publications and postage
- $4,306
- Other expenses
- $52,836
- Program services (functional)
- $60,377
Balance sheet and other
- Total assets, start of year
- $17,371
- Total assets, end of year
- $23,777
- Total liabilities, end of year
- –
- Net assets, end of year
- $23,777
- Cash, savings and investments
- $23,777
- Gross receipts
- $68,036
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| N Christian Thompson | President | 2 | $0 |
| John Snipes | Vice President | 1 | $0 |
| G Grey Littlewood | Secretary | 1 | $0 |
| Gregory Barnes | Treasurer | 2 | $0 |
| Kellie Thompson | Board Member | 1 | $0 |
| Tyler Hudgins | Board Member | 2 | $0 |
| Patrick Poindexter | Board Member | 1 | $0 |
990-EZ for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| N Christian Thompson | President | 2 | $0 |
| John Snipes | Vice President | 1 | $0 |
| G Grey Littlewood | Secretary | 1 | $0 |
| Gregory Barnes | Treasurer | 2 | $0 |
| Kellie Thompson | Board Member | 1 | $0 |
| Tyler Hudgins | Board Member | 2 | $0 |
| Patrick Poindexter | Board Member | 1 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| N Christian Thompson | President | 2 | $0 |
| John Snipes | Vice President | 1 | $0 |
| G Grey Littlewood | Secretary | 1 | $0 |
| Gregory Barnes | Treasurer | 2 | $0 |
| Kellie Thompson | Board Member | 1 | $0 |
| Tyler Hudgins | Board Member | 2 | $0 |
| Patrick Poindexter | Board Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3700 GLENWOOD AVE STE 405, RALEIGH, NC 27612-5540
- In care of
- % G GREY LITTLEWOOD
- Signed the 990-EZ
- Greg, Barnes
Mission
The Cape Lookout Albacore Foundation Inc. or CLAF. CLAF is organized and formed exclusively for charitable and educational purposes.The purpose of CLAF shall be to conduct activities and programs aimed at conserving and understanding the coastal fisheries of North Carolina with a particular focus on recreational fishing. This includes but is not limited to conducting and supporting research into marine ecology and fisheries biology promoting sustainable fishing practices and providing educational resources to the public about the importance of marine biodiversity and conservation. Additionally CLAF will engage in fundraising educational and outreach activities to provide support to other tax-exempt charities that are dedicated to wellbeing of disabled active military service personnel disabled veterans and other at need members of our community. CLAFs commitment extends to enhancing the lives of these individuals through fly fishing and associated activities.
Program accomplishments
- Albie Fest days 1-2 3 is a two-part community engagement event and fundraiser directly tied to our mission. The first part of the event is all about serving our Veteran community and putting Boots on Boats. We conducted a two-day event for 60 Veterans teaching how to tie flys conducting a fly rod casting clinic and hosting lectures about the local fishery. Additionally with the help of local captains and fisherman we were able to put those learnings to work and get 60 Veterans out on the water participating in our local fisheries. In 2025 we also expanded to include literary programming as well. Expense breakout: travel 8364 printing 1522 venue 1500 food & beverage 2000 contractors 3338 supplies 3145 and in-kind assets used 6075Expenses $25,943
- The second part of Albie Fest day 3 3 is a community event fishing tournament and fundraiser with 72 participants from the local community and visitors from around the country. In addition to serving as the primary fund raiser for the organization we were able to recognize three veterans for their outstanding leadership in their community recognize a role model from the fishing community celebrate the outstanding achievements of the tournament winners and discuss conversation. Expense breakout: printing 2772 food & beverage 5481 contractors 1150 supplies 993 travel 2682 venue 3868 and in-kind assets used 17488Expenses $34,434
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 93-2915935
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C12)
- Assets (IRS master file)
- $23,777
- Income (IRS master file)
- $68,036
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $68,036 | $61,630 | $23,777 | IRS |
| 990-EZ | December 2024 | $66,958 | $67,494 | $17,371 | IRS |
| 990-EZ | December 2023 | $73,585 | $55,678 | $17,907 | XML |
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 93-2915935).
Questions about CAPE LOOKOUT ALBACORE FOUNDATION INC
- What is the EIN of CAPE LOOKOUT ALBACORE FOUNDATION INC?
- The employer identification number (EIN) of CAPE LOOKOUT ALBACORE FOUNDATION INC is 93-2915935.
- Is CAPE LOOKOUT ALBACORE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to CAPE LOOKOUT ALBACORE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPE LOOKOUT ALBACORE FOUNDATION 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 LOOKOUT ALBACORE FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPE LOOKOUT ALBACORE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of CAPE LOOKOUT ALBACORE FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does CAPE LOOKOUT ALBACORE FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $68,036, expenses of $61,630 and total assets of $23,777 at year end.
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