Nonprofit · EIN 99-1589831
CAPE LOOKOUT FOUNDATION INC
Tax-exempt · BEAUFORT, NC 28516
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $733,483 | $175,916 | $557,567 | $794,116 | $3,863 | $790,253 |
| December 31, 2024 | 990 | $290,100 | $57,414 | $232,686 | $232,686 | $0 | $232,686 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $725,236
- Program service revenue
- $0
- Investment income
- $8,247
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $56,500
- Salaries, compensation and benefits (total)
- $61,146
- Professional fundraising fees
- $0
- Legal fees
- $1,150
- Accounting fees
- $26,973
- Program services (functional)
- $110,062
- Management and general (functional)
- $58,280
- Fundraising (functional)
- $7,574
Balance sheet and other
- Total assets, start of year
- $232,686
- Total assets, end of year
- $794,116
- Total liabilities, end of year
- $3,863
- Net assets, end of year
- $790,253
- Land, buildings and equipment
- $248,574
- Gross receipts
- $733,483
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2024
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Brown | Executive Director Officer | 40 | $45,000 |
| Carson Rouse | Assisyant Restoration Trustee or director | 9 | $10,000 |
| Patricia Suggs | Finance Director Trustee or director | 30 | $1,500 |
| James H Bud Doughton | Director Trustee or director | 4 | $0 |
| Carol W Basnight | Secretary Trustee or director | 4 | $0 |
| Ware Smith III | Treasurer Trustee or director | 4 | $0 |
| Mason Williams | Charirman Trustee or director, Officer | 9 | $0 |
| Kirk Preiss | Director Trustee or director | 1 | $0 |
| Thomas Coxe Jr | Director Trustee or director | 1 | $0 |
| Randall Williams | Director Trustee or director | 1 | $0 |
| Runyon Tyler II | Director Trustee or director | 1 | $0 |
| James HP Bailey | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARRY BROWN | EXECUTIVE DIRECTOR Officer | 40 | $40,000 |
| JAMES H BUD DOUGHTON | DIRECTOR Trustee or director | 8 | $0 |
| CAROL W BASNIGHT | SECRETARY Trustee or director, Officer | 2 | $0 |
| WARE SMITH III | TREASURER Trustee or director, Officer | 2 | $0 |
| MASON WILLIAMS | CHAIRMAN Trustee or director, Officer | 9 | $0 |
| KIRK PREISS | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS COXE JR | DIRECTOR Trustee or director | 1 | $0 |
| RANDALL WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| RUNYON TYLER II | DIRECTOR Trustee or director | 1 | $0 |
| JAMES HP BAILEY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 133, BEAUFORT, NC 28516-0133
- In care of
- % PATRICIA SUGGS
- Mailing address (990-N for 2023)
- 404 S 13TH ST, MOREHEAD CITY NC 28557
- Principal officer (990 for 2025)
- Mason Williams, 404 S 13th Street, Morehead City, NC 28557
- Principal officer (990-N for 2023)
- MASON L WILLIAMS, 404 S 13TH ST, MOREHEAD CITY NC 28557
- Signed the 990
- PATRICIA SUGGS, FINANCE DIRECTOR
- Phone
- (252) 723-3305
- Return prepared by
- KEVIN J MCHUGH CPA
Mission
Restoration of former Cape Lookout Coast Guard Station that will serve as a place of education and recreation welcomimg any and all people open to learning about the natural wonders of the Cape Lookout National Seashore
Program accomplishments
- The Cape Lookout Foundations accomplishment in 2025 furthered the preservation and restoration of the former Cape Lookout Coast Guard StationExpenses $110,062 · revenue $8,247
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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 99-1589831
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N31)
- Assets (IRS master file)
- $794,116
- Income (IRS master file)
- $733,483
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $733,483 | $175,916 | $794,116 | XML |
| 990 | December 2024 | $290,100 | $57,414 | $232,686 | XML |
| 990-N for 2023 Officer: MASON L WILLIAMS | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 99-1589831).
Questions about CAPE LOOKOUT FOUNDATION INC
- What is the EIN of CAPE LOOKOUT FOUNDATION INC?
- The employer identification number (EIN) of CAPE LOOKOUT FOUNDATION INC is 99-1589831.
- Is CAPE LOOKOUT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to CAPE LOOKOUT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPE LOOKOUT 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 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 FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CAPE LOOKOUT FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names Mason Williams.
- Who are the officers and directors of CAPE LOOKOUT FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 12 people; 3 received compensation from the organization, the highest $45,000 (Gary Brown, Executive Director).
- How much revenue does CAPE LOOKOUT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $733,483, expenses of $175,916 and total assets of $794,116 at year end.
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