Wilmington Future Inc

Organization Overview

Wilmington Future Inc is located in Wilmington, NC. The organization was established in 1998. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilmington Future Inc 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 06/2022, Wilmington Future Inc generated $7.4k in total revenue. All expenses for the organization totaled $7.4k during the year ending 06/2022. While expenses have increased by 92.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THIS CORPORATION IS TO ASSIST WITH THE PROMOTING OF THE GENERAL WELFARE OF THE CITIZENS BY ASSISTING THE CITY IN CARRYING OUT ITS MUNICIPAL AND GOVERNMENTAL FUNCTIONS THROUGH THE ACQUISITION, CONSTR., SALE OR LEASE, IMPROVEMENTS, FACILITIES AND EQUIPMENT FOR THE USE AND BENEFIT OF THE PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WILMINGTON FUTURE INC IS ACTING AS A CONDUIT FOR THE CITY AND WILL MAKE NO PROFIT. ALL INTEREST EARNED WILL BE USED TO FUND THE PROJECT(S) OR WILL BE APPLIED TOWARD THE PAYMENTS DUE FROM THE CITY. THUS, THE CITY WILL HAVE THE BENEFIT OF ALL EARNINGS ON ACCOUNTS HELD BY THE TRUSTEE AND WILMINGTON FUTURE INC WILL NOT HOLD ANY FUNDS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $7,436
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,436

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