Historic Wilmington Foundation Inc

EIN: 566074528 501(c)(3) Arts, Culture & Humanities

Wilmington, NC

Total Revenue
$1,032,034
Total Expenses
$442,950
Total Assets
$2,412,015
Net Assets
$2,096,805
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NC
Principal Officer
William Stolz
Phone
9107622511
Tax Period
2024-01-01 to 2024-12-31

Historic Wilmington Foundation Inc, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $589K, a strong 57% operating margin.

Mission

The mission of Historic Wilmington Foundation is to protect and preserve the irreplaceable historic resources of Wilmington and the Lower Cape Fear Region.

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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 $472,038
Program Service Revenue $10,735
Investment Income $501,579
Other Revenue $47,682
TOTAL REVENUE $1,032,034

Expense Breakdown

Grants Paid $0
Salaries & Benefits $248,989
Fundraising Expenses $51,876
Program Expenses $264,730
Other Expenses $193,961
TOTAL EXPENSES $442,950

Year-over-Year Comparison

2024 2023 Change
Revenue $1,032,034 $446,540 +1.3%
Expenses $442,950 $535,317 -0.2%
Net Income $589,084 $-88,777 -7.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
9
Volunteers
65

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
19
$19,318
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephanie Bolton Board Member 4.00
Director
$0 $0 $0
Patricia Wilson President 4.00
Officer Director
$0 $0 $0
Andrew Hewitt Secretary 4.00
Officer Director
$0 $0 $0
Jan Brewington Vice President 4.00
Officer Director
$0 $0 $0
Larry Hovis Executive Committee Member at Large 4.00
Director
$0 $0 $0
Sylvia Kochler Board Member at Large 4.00
Director
$0 $0 $0
Robert Hotes Board Member 4.00
Director
$0 $0 $0
Dr Julius Jones Board Member at Large 4.00
Director
$0 $0 $0
Kathy King Board Member 4.00
Director
$0 $0 $0
Beth Looney Board Member 4.00
Director
$0 $0 $0
Michael Murchison Treasurer 4.00
Officer Director
$0 $0 $0
Melissa Pudiwitr Board Member 4.00
Director
$0 $0 $0
Gregg Thomas Board Member 4.00
Director
$0 $0 $0
Dr Cara Ward Board Member 4.00
Director
$0 $0 $0
Steve Wolf-Camplin Board Member 4.00
Director
$0 $0 $0
William Stolz Executive Director 40.00
Director
$19,318 $0 $19,318
Phyllis Goodson Board Member 4.00
Director
$0 $0 $0
Sydny Hess Board Member 4.00
Director
$0 $0 $0
Beth Pancoe Board Member 4.00
Director
$0 $0 $0
Isabelle Shepherd Former Interim Executive Director 40.00
$34,580 $0 $34,580
Travis J Gilbert Former Executive Director 40.00
$26,583 $0 $26,583
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
2024 $1,032,034 $442,950 $2,412,015 $589,084
2023 $446,540 $535,317 $1,605,755 $-88,777
2022 $630,886 $513,171 $1,732,232 $117,715
2021 $385,227 $358,743 $1,804,355 $26,484
2020 $322,214 $454,539 $1,506,106 $-132,325
2019 $429,149 $270,847 $1,574,421 $158,302
2018 $237,944 $366,368 $1,230,783 $-128,424
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