Civic Intelligence

New Bern Preservation Foundation Inc.

990 • Fiscal year 2021 • EIN 23-7376105

Sep 01, 2020 to Aug 31, 2021 • Filed on Oct 29, 2021

PO Box 207New Bern, NC 28563

(252) 633-6448

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

39th percentile

0.01x

Higher debt load relative to revenue than 39% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

60th percentile

19%

Higher net margin than 60% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

52nd percentile

11%

Faster asset growth than 52% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-67%

Faster revenue growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$694,721

Up $66,550 (+11%) from 2020

Net Assets

Up

$693,905

Up $69,854 (+11%) from 2020

Liabilities

Down

$816

Down $3,304 (-80%) from 2020

Revenue

Down

$101,356

Down $202,183 (-67%) from 2020

Expenses

Down

$81,878

Down $109,068 (-57%) from 2020

Net Income

Down

$19,478

Down $93,115 (-83%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2018: $462,793Liabilities 2018: $5,128Net Assets 2018: $457,6652018Assets 2019: $476,889Liabilities 2019: $5,720Net Assets 2019: $471,1692019Assets 2020: $628,171Liabilities 2020: $4,120Net Assets 2020: $624,0512020Assets 2021: $694,721Liabilities 2021: $816Net Assets 2021: $693,9052021Assets 2022: $668,901Liabilities 2022: $0Net Assets 2022: $668,9012022Assets 2023: $758,598Liabilities 2023: $0Net Assets 2023: $758,5982023Assets 2024: $1,014,707Liabilities 2024: $300,000Net Assets 2024: $714,7072024

Highlighted filing

2021

Assets$694,721
Liabilities$816
Net Assets$693,905

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2018: $141,384Expenses 2018: $143,320Net Income 2018: -$1,9362018Revenue 2019: $114,728Expenses 2019: $94,960Net Income 2019: $19,7682019Revenue 2020: $303,539Expenses 2020: $190,946Net Income 2020: $112,5932020Revenue 2021: $101,356Expenses 2021: $81,878Net Income 2021: $19,4782021Revenue 2022: $108,590Expenses 2022: $91,405Net Income 2022: $17,1852022Revenue 2023: $184,727Expenses 2023: $119,402Net Income 2023: $65,3252023Revenue 2024: $114,915Expenses 2024: $179,429Net Income 2024: -$64,5142024

Highlighted filing

2021

Revenue$101,356
Expenses$81,878
Net Income$19,478
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Oct 29, 2021
Return Version
2020v4.0
Gross Receipts
$123,415
Mission and Program Overview

Mission

The new bern preservation foundation's primary mission is to save historic properties in and around the new bern area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$200,398$352,667▲ $152,269
Cash and Non-Interest-Bearing Accounts$388,846$324,583▼ $64,263
Land, Buildings, and Equipment, Net$38,927$17,471▼ $21,456
Total Assets$628,171$694,721▲ $66,550
Liabilities
Other Liabilities$4,120$816▼ $3,304
Total Liabilities$4,120$816▼ $3,304
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$624,051$693,905▲ $69,854
Total Net Assets Fund Balance$624,051$693,905▲ $69,854
Total Liabilities and Net Assets / Fund Balance$628,171$694,721▲ $66,550

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,471$40,768$58,239
Equipment-$8,098$8,098
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim ThompsonPresident
Ellen SheridanBoard Member
George BrakeBoard Member
Gregory RushBoard Member
Heather GreenlawBoard Member
Joe ElliottBoard Member
John YoungBoard Member
Maurice HowlandBoard Member
Mollie BatesBoard Member
Newsome WilliamsBoard Member
Paula DubayBoard Member
Richard ParsonsBoard Member
Georgiana BircherSecretary
John BlackwelderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$101,913
Program Service Revenue
$0
Investment Income
$1,143
Other Revenue
$-1,700
Change in Net Assets
$19,478
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,878
Total Fundraising Expense$200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$72,110--$72,110
Fees for Services Accounting-$3,414-$3,414
Other Expenses$653--$653
All Other Expenses$541--$541
Advertising$200-$200$400
Total Functional Expenses$78,264$3,414$200$81,878
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,059
Fundraising Gross Income$359
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pre-sales$500
Credit Card$316
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

Before engaging in any activity, any director or employee identifies conflicts of interest and situations that may give rise to an appearance of a conflict of interest, and also obtain approval to proceed.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
New Bern Preservation Foundation
EIN
23-7376105
Phone
2526336448
Address
PO BOX 207, NEW BERN, NC 28563

Signing Officer

Name
John Blackwelder
Title
Treasurer
Phone
2526336448
Signed
2021-10-29

Organization Details

Principal Officer
John Blackwelder
Formed
1972
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Firm
Cs Smith & Associates Pllc
Address
310 GEORGE ST, NEW BERN, NC 28562-5682
Preparer
Charles S Smith CPA
Phone
2526311410
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The foundation provides outreach and educational programs to the community and to property owners. This includes tours of historic properties as well as one-on-one meetings with property owners to provide information and guidance on how to kindly update a property while preserving its important historic fabric. The foundation has community outreach programs and events throughout the year. The foundation has sponsored and coordinated the new bern antiques show for over 30 years. It brings together more than thirty antiques dealers from the east coast. This is one of our major fundraising events and it gives us a way to showcase the mission of the foundation. The antique show was not held in 2020 due to covid-19. The foundation is currently involved in several preservation partnership programs. The foundation has partnered with north carolina railroad and the city of new bern to restore the union station train depot in downtown new bern. Union station was built in 1910 and at one time served as a major rail station in eastern north carolina. The foundation has also partnered with king solomon lodge 1 in a major restoration project of a vital historic structure. The king solomon lodge structure, c.a. 1870, is the first african-american masonic lodge in the north carolina and one of the first in the south. It has been in continual use as a masonic lodge since it was built and represents a vital piece of new bern's 300 year history.

Form 990, Part IX, Line 11G

Consulting fees 10,000 0 0 construction expenses 61,888 0 0 other services 222 0 0 total 72,110 0 0

Form 990, Part XI, Line 9

Unrealized gain/loss 50,376

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION PROVIDES OUTREACH AND EDUCATIONAL PROGRAMS TO THE COMMUNITY AND TO PROPERTY OWNERS. THIS INCLUDES TOURS OF HISTORIC PROPERTIES AS WELL AS ONE-ON-ONE MEETINGS WITH PROPERTY OWNERS TO PROVIDE INFORMATION AND GUIDANCE ON HOW TO KINDLY UPDATE A PROPERTY WHILE PRESERVING ITS IMPORTANT HISTORIC FABRIC. THE FOUNDATION HAS COMMUNITY OUTREACH PROGRAMS AND EVENTS THROUGHOUT THE YEAR. THE FOUNDATION HAS SPONSORED AND COORDINATED THE NEW BERN ANTIQUES SHOW FOR OVER 30 YEARS. IT BRINGS TOGETHER MORE THAN THIRTY ANTIQUES DEALERS FROM THE EAST COAST. THIS IS ONE OF OUR MAJOR FUNDRAISING EVENTS AND IT GIVES US A WAY TO SHOWCASE THE MISSION OF THE FOUNDATION. THE ANTIQUE SHOW WAS NOT HELD IN 2020 DUE TO COVID-19. THE FOUNDATION IS CURRENTLY INVOLVED IN SEVERAL PRESERVATION PARTNERSHIP PROGRAMS. THE FOUNDATION HAS PARTNERED WITH NORTH CAROLINA RAILROAD AND THE CITY OF NEW BERN TO RESTORE THE UNION STATION TRAIN DEPOT IN DOWNTOWN NEW BERN. UNION STATION WAS BUILT IN 1910 AND AT ONE TIME SERVED AS A MAJOR RAIL STATION IN EASTERN NORTH CAROLINA. THE FOUNDATION HAS ALSO PARTNERED WITH KING SOLOMON LODGE 1 IN A MAJOR RESTORATION PROJECT OF A VITAL HISTORIC STRUCTURE. THE KING SOLOMON LODGE STRUCTURE, C.A. 1870, IS THE FIRST AFRICAN-AMERICAN MASONIC LODGE IN THE NORTH CAROLINA AND ONE OF THE FIRST IN THE SOUTH. IT HAS BEEN IN CONTINUAL USE AS A MASONIC LODGE SINCE IT WAS BUILT AND REPRESENTS A VITAL PIECE OF NEW BERN'S 300 YEAR HISTORY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BEFORE ENGAGING IN ANY ACTIVITY, ANY DIRECTOR OR EMPLOYEE IDENTIFIES CONFLICTS OF INTEREST AND SITUATIONS THAT MAY GIVE RISE TO AN APPEARANCE OF A CONFLICT OF INTEREST, AND ALSO OBTAIN APPROVAL TO PROCEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING FEES 10,000 0 0 CONSTRUCTION EXPENSES 61,888 0 0 OTHER SERVICES 222 0 0 TOTAL 72,110 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UNREALIZED GAIN/LOSS 50,376
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02022-05-20 13:21:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN BLACKWELDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02526336448
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-29
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CS SMITH & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0310 GEORGE ST
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES S SMITH CPA
ReturnHeader/ReturnTs02022-02-24T11:34:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BLACKWELDER
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02021-08-31
ReturnHeader/TaxYr02020

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