NORTH CAROLINA MUSEUM OF HISTORY FOUNDATION INC

EIN: 200988951 501(c)(3) Arts, Culture & Humanities

RALEIGH, NC

Total Revenue
$3,852,694
Total Expenses
$3,393,727
Total Assets
$18,256,364
Net Assets
$17,932,849
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NC
Principal Officer
W TRENT RAGLAND III
Phone
9198077900
Tax Period
2024-07-01 to 2025-06-30

NORTH CAROLINA MUSEUM OF HISTORY FOUNDATION INC, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.9M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $3.4M left a modest 12% surplus.

Mission

ORGANIZED TO SOLICIT, MANAGE AND DISBURSE FISCAL RESOURCES FOR THE NC MUSEUM OF HISTORY AND REGIONAL MUSEUMS IN THE DIVISION OF STATE HISTORY MUSEUMS, NC DEPARTMENT OF CULTURAL RESOURCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,319,215
Program Service Revenue $0
Investment Income $533,479
Other Revenue $0
TOTAL REVENUE $3,852,694

Expense Breakdown

Grants Paid $0
Salaries & Benefits $507,007
Fundraising Expenses $219,249
Program Expenses $772,901
Other Expenses $2,886,720
TOTAL EXPENSES $3,393,727

Year-over-Year Comparison

2024 2023 Change
Revenue $3,852,694 $4,503,527 -0.1%
Expenses $3,393,727 $1,484,371 +1.3%
Net Income $458,967 $3,019,156 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
6
Volunteers
70

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
24
$142,526
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLE SYMONS ROEBUCK BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER H A CECIL BOARD MEMEBR 1.00
Director
$0 $0 $0
DAWN P LOWDER EXECUTIVE DIRECTOR 40.00
Director
$142,526 $0 $142,526
FRANK A DANIELS III BOARD MEMBER 1.00
Director
$0 $0 $0
J BRADLEY WILSON AT-LARGE 1.00
Director
$0 $0 $0
JOHN T CHURCH ASSITANT TREASURER 1.00
Officer Director
$0 $0 $0
JOY COX SLOAN SECRETARY 1.00
Officer Director
$0 $0 $0
JULIA JONES DANIELS BOARD MEMBER 1.00
Director
$0 $0 $0
LEE LYLES WEBSTER BOARD MEMEBER 1.00
Director
$0 $0 $0
MARGARET HARRY KLUTTZ BOARD MEMBER 1.00
Director
$0 $0 $0
MARY POWELL WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
MCKINLEY WOOTEN JR BOARD MEMBER 1.00
Director
$0 $0 $0
ORAGE QUARLES III VICE CHAIR 1.00
Director
$0 $0 $0
SAMUEL B DIXON BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN F LATER BOARD MEMBER 1.00
Director
$0 $0 $0
VICTOR E BELL III CHAIRMAN 1.00
Officer Director
$0 $0 $0
W TRENT RAGLAND III TREASURER 1.00
Officer Director
$0 $0 $0
JUDITH A BURRELL BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES A GOODNIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS N DAY BOARD MEMBER 1.00
Director
$0 $0 $0
KAY PHILLPS BOARD MEMBER 1.00
Director
$0 $0 $0
G SMEDES YORK BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLE WILSON BOARD MEMBER 1.00
Director
$0 $0 $0
ROSEMARY YORK BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,852,694 $3,393,727 $18,256,364 $458,967
2024 $4,503,527 $1,484,371 $16,903,178 $3,019,156
2023 $6,081,533 $1,258,173 $13,168,526 $4,823,360
2022 $1,862,374 $919,414 $7,784,763 $942,960
2021 $2,510,943 $1,577,371 $8,385,364 $933,572
2020 $744,856 $650,096 $6,251,922 $94,760
2019 $882,634 $867,369 $6,305,731 $15,265
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