NEW BERN HISTORICAL SOCIETY FOUNDATION INC

EIN: 560897292 501(c)(3)

NEW BERN, NC

Total Revenue
$336,648
Total Expenses
$332,935
Total Assets
$1,734,829
Net Assets
$1,731,478
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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
1954
Legal Domicile
NC
Principal Officer
JOE HUNT
Phone
2526388558
Tax Period
2024-07-01 to 2025-06-30

NEW BERN HISTORICAL SOCIETY FOUNDATION INC, founded in 1954, is a small nonprofit that reported $337K in total revenue in fiscal year 2024. Net assets of $1.7M represent 62 months of operating reserves.

Mission

THE MISSION OF THE NEW BERN HISTORICAL SOCIETY FOUNDATION IS TO CELEBRATE AND PROMOTE NEW BERN AND ITS HERITAGE THROUGH EVENTS AND EDUCATION.

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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 $121,921
Program Service Revenue $133,695
Investment Income $44,295
Other Revenue $36,737
TOTAL REVENUE $336,648

Expense Breakdown

Grants Paid $0
Salaries & Benefits $158,353
Fundraising Expenses $15,972
Program Expenses $245,371
Other Expenses $174,582
TOTAL EXPENSES $332,935

Year-over-Year Comparison

2024 2023 Change
Revenue $336,648 $322,396 +0.0%
Expenses $332,935 $328,630 +0.0%
Net Income $3,713 $-6,234 -1.6%
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
1325
Independent Members
1325
Employees
6
Volunteers
525

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
5
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE HUNT PRESIDENT 5.00
Officer
$0 $0 $0
KATHY MORRISON FIRST VICE-P 10.00
Officer
$0 $0 $0
EGON LIPPERT SECOND VICE- 1.00
Officer
$0 $0 $0
CHRIS KELSO SECRETARY 1.00
Officer
$0 $0 $0
BOB PENVOSE TREASURER 10.00
Officer Director
$0 $0 $0
CLAUDIA HOUSTON HISTORIAN 20.00
Director
$0 $0 $0
JIM HODGES JR CURATOR 20.00
Director
$0 $0 $0
EUGENE LOCK BATTLEFIELD 10.00
Director
$0 $0 $0
JOE ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE EVANS BOARD MEMBER 2.00
Director
$0 $0 $0
NELSON MCDANIEL BOARD MEMBER 1.00
Director
$0 $0 $0
ROB OVERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MARY PARRISH BOARD MEMBER 1.00
Director
$0 $0 $0
GRAHAM BARDEN BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA MILLER-MCLEMORE BOARD MEMBER 1.00
Director
$0 $0 $0
KEN MCCOTTER BOARD MEMBER 1.00
Director
$0 $0 $0
CATHY O'BRIEN BOARD MEMBER 2.00
Director
$0 $0 $0
MIKE WILLIAMS BOARD MEMBER 2.00
Director
$0 $0 $0
CAROL BECTON BOARD MEMBER 1.00
Director
$0 $0 $0
CLAYTON W CHEEK BOARD MEMBER 1.00
Director
$0 $0 $0
TERRI HICKMAN BOARD MEMBER 3.00
Director
$0 $0 $0
CHRISTOPHER RICHEY BOARD MEMBER 1.00
Director
$0 $0 $0
WALT TEASDALE BOARD MEMBER 3.00
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 $336,648 $332,935 $1,734,829 $3,713
2024 $322,396 $328,630 $1,735,905 $-6,234
2023 $358,149 $304,749 $1,742,612 $53,400
2022 $313,374 $248,244 $1,682,177 $65,130
2021 $361,229 $193,214 $1,621,235 $168,015
2020 $324,042 $239,950 $1,458,278 $84,092
2019 $283,466 $278,649 $1,360,508 $4,817
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