Civic Intelligence

New Bern Preservation Foundation Inc.

990 • Fiscal year 2023 • EIN 23-7376105

Sep 01, 2022 to Aug 31, 2023 • Filed on Mar 28, 2024

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

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

84th percentile

35%

Higher net margin than 84% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

68th percentile

13%

Faster asset growth than 68% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

86th percentile

70%

Faster revenue growth than 86% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$758,598

Up $89,697 (+13%) from 2022

Net Assets

Up

$758,598

Up $89,697 (+13%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$184,727

Up $76,137 (+70%) from 2022

Expenses

Up

$119,402

Up $27,997 (+31%) from 2022

Net Income

Up

$65,325

Up $48,140 (+280%) from 2022

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

2023

Assets$758,598
Liabilities$0
Net Assets$758,598

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

2023

Revenue$184,727
Expenses$119,402
Net Income$65,325
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Mar 28, 2024
Return Version
2022v5.0
Gross Receipts
$263,135
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
Cash and Non-Interest-Bearing Accounts$339,788$404,581▲ $64,793
Investments in Publicly Traded Securities$313,098$339,458▲ $26,360
Land, Buildings, and Equipment, Net$16,015$14,559▼ $1,456
Total Assets$668,901$758,598▲ $89,697
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$668,901$758,598▲ $89,697
Total Net Assets Fund Balance$668,901$758,598▲ $89,697
Total Liabilities and Net Assets / Fund Balance$668,901$758,598▲ $89,697

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,559$43,680$58,239
Equipment-$8,098$8,098
Compensation and Service Providers

Board Members and Trustees

NameTitle
Georgiana BircherPresident
Gregory RushBoard Member
Heather GreenlawBoard Member
Maurice HowlandBoard Member
Mollie BatesBoard Member
Paula DubayBoard Member
Joe ElliottSecretary
William GreenTreasurer
Richard ParsonsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$177,556
Program Service Revenue
$0
Investment Income
$8,061
Other Revenue
$-890
Change in Net Assets
$65,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$119,402
Total Fundraising Expense$1,123
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$101,934--$101,934
Fees for Services Accounting-$6,568-$6,568
Advertising$1,123-$1,123$2,246
Office Expenses$2,225--$2,225
Other Expenses$362--$362
Total Functional Expenses$111,711$6,568$1,123$119,402
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$27,080
Fundraising Gross Income$26,190
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fund Raising Ev$26,190$26,190$27,080$-890
Total Events$26,190$26,190$27,080$-890
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
William Green
Title
Treasurer
Phone
2526336448
Signed
2024-03-28

Organization Details

Principal Officer
William Green
Formed
1972
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Cs Smith & Associates Pllc
Address
310 GEORGE ST, NEW BERN, NC 28562-5682
Preparer
Chris Taggart 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

Construction expenses 101,934 0 0

Form 990, Part XI, Line 9

Unrealized gain/loss 24,372

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IRS990ScheduleD/BuildingsGrp/DepreciationAmt043680
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt058239
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08098
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08098
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014559
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt027080
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUND RAISING EV
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt026190
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt026190
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt026190
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt026190
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-890
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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/ExplanationTxt4CONSTRUCTION EXPENSES 101,934 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UNREALIZED GAIN/LOSS 24,372
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0758598
IRS990/TotalAssetsGrp/BOYAmt0668901
IRS990/TotalAssetsGrp/EOYAmt0758598
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06568
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0111711
IRS990/TotalFunctionalExpensesGrp/TotalAmt0119402
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0668901
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0758598
IRS990/TotalProgramServiceExpensesAmt0111711
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08061
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0184727
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0668901
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0758598
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0510 POLLOCK ST
IRS990/USAddress/CityNm0NEW BERN
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028562
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.NEWBERNPF.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM GREEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02526336448
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW BERN PRESERVATION FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWB
ReturnHeader/Filer/EIN0237376105
ReturnHeader/Filer/PhoneNum02526336448
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 207
ReturnHeader/Filer/USAddress/CityNm0NEW BERN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028563
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0853094167
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CS SMITH & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0310 GEORGE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW BERN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0285625682
ReturnHeader/PreparerPersonGrp/PhoneNum02526311410
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS TAGGART CPA
ReturnHeader/ReturnTs02024-04-11T10:49:32-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GREEN
ReturnHeader/TaxPeriodBeginDt02022-09-01
ReturnHeader/TaxPeriodEndDt02023-08-31
ReturnHeader/TaxYr02022

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