CARTERET COUNTY HISTORICAL SOCIETY INC

EIN: 561480247 501(c)(3) Arts, Culture & Humanities

MOREHEAD CITY, NC

Total Revenue
$214,010
Total Expenses
$227,797
Total Assets
$1,159,473
Net Assets
$1,155,964
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NC
Principal Officer
WALTER STEELE
Phone
2522477533
Tax Period
2025-01-01 to 2025-12-31

CARTERET COUNTY HISTORICAL SOCIETY INC, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $214K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. Net assets of $1.2M represent 65 months of operating reserves.

Mission

TO FOSTER AND PROMOTE PUBLIC KNOWLEDGE OF, AND INTEREST IN, THE HISTORY AND CULTURE OF THE PEOPLES OF CARTERET COUNTY AND RELATED AREAS THROUGH THE COLLECTION, PRESERVATION, INTERPRETATION, AND DOCUMENTATION OF WRITTEN AND TANGIBLE ARTIFACTS AND REMAINS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $150,993
Program Service Revenue $3,771
Investment Income $1
Other Revenue $59,245
TOTAL REVENUE $214,010

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,240
Fundraising Expenses $0
Program Expenses $165,685
Other Expenses $163,557
TOTAL EXPENSES $227,797

Year-over-Year Comparison

2025 2024 Change
Revenue $214,010 $153,399 +0.4%
Expenses $227,797 $202,145 +0.1%
Net Income $-13,787 $-48,746 -0.7%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
27

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
13
$34,716
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRACIE BENDER EXECUTIVE DI 40.00
Director
$34,716 $0 $34,716
AUDREY ALESE DIRECTOR N/A
Director
$0 $0 $0
LUCY BOND DIRECTOR N/A
Director
$0 $0 $0
GEORGE BURBELLA DIRECTOR N/A
Director
$0 $0 $0
JANE BURBELLA SECRETARY N/A
Officer Director
$0 $0 $0
BOB GUTHRIE DIRECTOR N/A
Director
$0 $0 $0
PAMELA JANOSKEY DIRECTOR N/A
Director
$0 $0 $0
DEE LEWIS DIRECTOR N/A
Director
$0 $0 $0
BENJAMIN MADDREY TREASURER N/A
Officer Director
$0 $0 $0
GAIL MURRAY VICE-PRESIDE N/A
Officer Director
$0 $0 $0
GAIL MURRAY DIRECTOR N/A
Director
$0 $0 $0
MICHELLE POWERS DIRECTOR N/A
Director
$0 $0 $0
WALTER STEELE PRESIDENT N/A
Officer 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 $214,010 $227,797 $1,159,473 $-13,787
2024 $153,399 $202,145 $1,111,990 $-48,746
2023 $221,074 $181,684 $1,198,746 $39,390
2022 $317,222 $163,669 $1,124,454 $153,553
2021 $136,697 $152,291 $1,025,199 $-15,594
2020 $133,266 $144,900 $1,009,023 $-11,634
2019 $149,100 $141,485 $990,185 $7,615
2018 $86,290 $163,803 $939,181 $-77,513
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