Core Sound Waterfowl Museum
- Assets
- $4.8m
- Revenue
- $757.5k
- Investments
- $0.0
- Employees
- 12
- Location
- Harkers Island, NC
- Founding
- 09/1992
- Data as of
- 06/2023
- EIN
- 56-1776900
Organization Overview
Core Sound Waterfowl Museum is located in Harkers Island, NC. The organization was established in 1992. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Core Sound Waterfowl Museum employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Core Sound Waterfowl Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Core Sound Waterfowl Museum generated $757.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $890.7k during the year ending 06/2023. While expenses have increased by 5.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT & PRESERVE THE WAY OF LIFE OF COASTAL MARITIME COMMUNITIES IN THE CENTRAL COASTAL REGION OF EASTERN NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PROGRAMS AND PROJECTS TO EDUCATE THE PUBLIC, SUPPORT COMMUNITY HERITAGE DEVELOPMENT,AND TO PROVIDE FACILITIES TO OTHER NON-PROFIT GROUPS IN ORDER TO PRESERVE AND PROMOTE MARITIME TRADITIONS AND RESOURCES IN THE CENTRAL COASTAL REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Mccutchen Director | Trustee | 0 | $0 |
Kathryn Chadwick Director | Trustee | 1 | $0 |
James C Briley Jr Treasurer | OfficerTrustee | 2 | $0 |
Cindy Brown Director | Trustee | 1 | $0 |
Tommy Jones Director | Trustee | 1 | $0 |
Doily Fulcher Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $57,206 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,866 |
| Total Program Service Revenue | $79,477 |
| Investment income | $31,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,306 |
| Net Income from Fundraising Events | $57,640 |
| Net Income from Gaming Activities | $32,645 |
| Net Income from Sales of Inventory | $246,943 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $757,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $359,131 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $33,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,418 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,683 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,955 |
| Insurance | $72,199 |
| All other expenses | $9,070 |
| Total functional expenses | $890,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,440 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,915 |
| Accounts receivable, net | $119,451 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $217,299 |
| Prepaid expenses and deferred charges | $45,961 |
| Net Land, buildings, and equipment | $3,276,431 |
| Investments—publicly traded securities | $883,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,462 |
| Total assets | $4,762,915 |
| Accounts payable and accrued expenses | $74,245 |
| Grants payable | $0 |
| Deferred revenue | $32,598 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $334,764 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,369 |
| Total liabilities | $460,976 |
| Net assets without donor restrictions | $3,089,135 |
| Net assets with donor restrictions | $1,212,804 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,762,915 |