Civic Intelligence

Cape Fear Rc&D Inc.

990 • Fiscal year 2024 • EIN 56-1774505

Jul 01, 2023 to Jun 30, 2024 • Filed on May 09, 2025

15060 US Highway 17Hampstead, NC 28443

(910) 772-3005

Siviq Scores

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

Liabilities / Assets

81st percentile

0.02x

Higher debt load relative to assets than 81% of similar nonprofits.

2024 filings • NTEE C30 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.01x

Higher debt load relative to revenue than 82% of similar nonprofits.

2024 filings • NTEE C30 • <$500k nonprofits • Source year 2024

Net Margin

13th percentile

-30%

Higher net margin than 13% of similar nonprofits.

2024 filings • NTEE C30 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$85,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 45.0% of source-year revenue.

2024 filings • NTEE C30 • <$500k nonprofits • Source year 2024

Asset Growth

34th percentile

-3.0%

Faster asset growth than 34% of similar nonprofits.

2024 filings • NTEE C30 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

52nd percentile

7.9%

Faster revenue growth than 52% of similar nonprofits.

2024 filings • NTEE C30 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$105,668

Down $6,644 (-5.9%) from 2022

Net Assets

Down

$103,221

Down $9,015 (-8.0%) from 2022

Liabilities

Up

$2,447

Up $2,371 (+3120%) from 2022

Revenue

Up

$188,940

Up $26,660 (+16%) from 2022

Expenses

Up

$245,887

Up $172,746 (+236%) from 2022

Net Income

Down

-$56,947

Down $146,086 (-164%) from 2022

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $56,162Liabilities 2011: $2,085Net Assets 2011: $54,0772011Assets 2012: $72,154Liabilities 2012: $2,196Net Assets 2012: $69,9582012Assets 2013: $84,853Liabilities 2013: $9,721Net Assets 2013: $75,1322013Assets 2014: $74,313Liabilities 2014: $9,3252014Assets 2015: $18,411Liabilities 2015: $0Net Assets 2015: $18,4112015Assets 2017: $50,208Liabilities 2017: $25,000Net Assets 2017: $25,2082017Assets 2018: $62,932Liabilities 2018: $144Net Assets 2018: $62,7882018Assets 2019: $54,794Liabilities 2019: $3,257Net Assets 2019: $51,5372019Assets 2020: $62,443Liabilities 2020: $10,319Net Assets 2020: $52,1242020Assets 2022: $112,312Liabilities 2022: $76Net Assets 2022: $112,2362022Assets 2024: $105,668Liabilities 2024: $2,447Net Assets 2024: $103,2212024Assets 2025: $34,206Liabilities 2025: $15Net Assets 2025: $34,1912025

Highlighted filing

2024

Assets$105,668
Liabilities$2,447
Net Assets$103,221

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $100,014Expenses 2011: $109,383Net Income 2011: -$9,3692011Revenue 2012: $96,327Expenses 2012: $80,446Net Income 2012: $15,8812012Revenue 2013: $70,845Expenses 2013: $65,671Net Income 2013: $5,1742013Revenue 2014: $28,026Expenses 2014: $38,170Net Income 2014: -$10,1442014Revenue 2015: $32,461Expenses 2015: $79,038Net Income 2015: -$46,5772015Revenue 2017: $119,009Expenses 2017: $104,407Net Income 2017: $14,6022017Revenue 2018: $60,306Expenses 2018: $47,726Net Income 2018: $12,5802018Revenue 2019: $61,168Expenses 2019: $72,419Net Income 2019: -$11,2512019Revenue 2020: $140,413Expenses 2020: $139,826Net Income 2020: $5872020Revenue 2022: $162,280Expenses 2022: $73,141Net Income 2022: $89,1392022Revenue 2024: $188,940Expenses 2024: $245,887Net Income 2024: -$56,9472024Revenue 2025: $52,261Expenses 2025: $121,474Net Income 2025: -$69,2132025

Highlighted filing

2024

Revenue$188,940
Expenses$245,887
Net Income-$56,947
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$188,940
Mission and Program Overview

Mission

The organization works to cooperate with individuals and groups to improve social, economic and environmental conditions thereby enchancing the quality of life in southeastern north carolina

Mission: Conserve natural resources while encouraging sound economic development and community development through project funding and implementation in southeastern North Carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$163,792$105,668▼ $58,124
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$163,792$105,668▼ $58,124
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,624$2,447▼ $1,177
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,624$2,447▼ $1,177
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$135,168$103,221▼ $31,947
Net Assets With Donor Restrictions$25,000$0▼ $25,000
Total Net Assets Fund Balance$160,168$103,221▼ $56,947
Total Liabilities and Net Assets / Fund Balance$163,792$105,668▼ $58,124

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,271-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Danielle DarkangeloExecutive DirectorFT$85,000$85,000

Board Members and Trustees

NameTitle
Kyle BreuerPast President Board of Directors
Gary LanierPresident Board of Directors
Dean MorrisVice President Board of Directors
Al DanielMember Board of Directors
Bryant ShephardMember Board of Directors
Dalton DockeryMember Board of Directors
Greg ElkinsMember Board of Directors
Jimmy SmithMember Board of Directors
Kirstie DixonMember Board of Directors
0Secretary Board of Directors
Dru HarrisonTreasurer Board of Directors
Revenue and Support

Revenue Composition

Contributions and Grants
$20,559
Program Service Revenue
$168,381
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-56,947

Audited Revenue Reconciliation

Revenue per Audited Statements
$188,940
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$188,940
Total Revenue per Form 990
$188,940
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$152,231
Salaries, Compensation, and Employee Benefits$93,656
Total Fundraising Expense$1,071
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,711$0$0$72,711
Payroll Taxes$20,945$0$0$20,945
Travel$5,543$0$0$5,543
Fees for Services Accounting$0$4,814$0$4,814
Office Expenses$884$0$799$1,683
Insurance$792$620$0$1,412
Conferences and Meetings$1,212$0$0$1,212
Occupancy$721$0$0$721
Total Functional Expenses$239,382$5,434$1,071$245,887

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$245,887
Total Expenses per Audited Statements$245,887
Total Expenses per Form 990$245,887
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 11B

Every board member and key executive staff are provided a copy of the 990 to review and approve every year before the 990 is filed.

Part VI, Line 12C

Every board meeting board members are required to disclose any potential or perceived conflicts of interest and abstain from voting. Board minutes reflect the disclosure of the conflicts voting members and abstaining members.

Part VI, Line 15

Cape Fear RC&D has an Executive Team Compensation Policy that the Board of Directors follows to determine evaluation and salary compensation for similar nonprofit organizations and for-profit organizations in determining any type of raise in salary.

Part VI, Line 18

We would love the opportunity to discuss our financials 990 or Audit with anyone who is interested in assisting with the sustainability of Cape Fear RC&D for future generations. Please give us a call at 910 772-3005 or email [email protected]

Filing and Contact Details

Filer

Filer Name
Cape Fear Rc&D Inc
EIN
56-1774505
In Care Of
% Gary Lanier
Phone
9107723005
Address
15060 US HIGHWAY 17, HAMPSTEAD, NC 28443

Signing Officer

Name
Edward Davis
Title
Treasurer
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Lanier
Formed
1992
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
0

Preparer

Firm
OnFire Nonprofit Consulting
Address
625 McCall Drive, Forest City, NC 28043
Preparer
Melissa Le Roy
Supplemental Narrative

Additional Explanations

General

| Explanation:| 4a. **Be a Catalyst for Change: Support the Pages Creek Stormwater and Restoration Plan** Join us in our mission to restore and protect the Pages Creek Watershed in New Hanover County North Carolina! The Pages Creek Stormwater and Restoration Plan is more than just a report; it is a comprehensive blueprint for revitalizing an essential waterway that supports our community and environment. In 2006 Pages Creek was designated as impaired by the North Carolina Department of Environmental Quality due to concerning levels of fecal bacteria affecting shellfish growing areas. This designation highlighted the urgent need for effective restoration strategies prompting the New Hanover Soil and Water Conservation District to target Pages Creek in their 5-Year Strategic Plan for improvements. Together we have the opportunity to transform this vital region. Our Watershed Restoration Plan serves as a roadmap to enhance water quality and ecological health ultimately striving to remove these impaired stream segments from the 303d water list. This is not just a plan; it is a living document that evolves with new data ensuring we remain adept in our efforts to improve the watershed. New Hanover County is committed to using innovative water volume reduction techniques to decrease stormwater runoff by 10 to 20%. Through targeted stormwater retrofits we aim to clean and infiltrate stormwater before it reaches the creek effectively mimicking natural drainage processes. This initiative will not only protect lives and properties from flooding but also enrich our urban landscapes and safeguard the integrity of our receiving water bodies. Importantly our approach directly addresses pathogenic pollution paving the way for healthier waterways. As we embark on the feasibility studythe next phase of this critical projectin April 2025 we invite you to be a part of this transformative journey. Your generous support can make a significant difference enabling us to restore Pages Creek and enhance the quality of life in our community. Together we can be champions of clean water thriving ecosystems and resilient neighborhoods. Join us in making a lasting impact on our environment and future. Donate today and help us turn the vision of a revitalized Pages Creek into reality! 4b. **Help Us Restore Vital Watersheds: Become a Champion for Aquatic Life!** The Black River Watershed a crucial ecological and economic resource is in need of your support. CFRC&D is embarking on an ambitious project to redesign and replace up to five culverts which will restore two miles of vital stream channels for each culvert. This transformative initiative will enhance stream connectivity and reclaim historic migratory fish habitats boosting biodiversity and ensuring healthier ecosystems for generations to come. In partnership with the Southeast Aquatic Resources Partnership SARP and Moffatt & Nichol M&N we conducted an in-depth survey of 200 culverts across Bladen and Pender Counties. Through the innovative SARP Barrier Prioritization tool we identified the top five most critical barriers to aquatic connectivity. Our expert hydraulic engineers at M&N are now ready to carry out detailed analyses of these key culverts paving the way for their replacement. With a remarkable grant of $770,000 from the National Fish and Wildlife Foundation received over three funding cycles we are ready to make significant strides in restoring our waterways. However to maximize the impact of this project and bolster the resilience of many rural communities within the Black River watershed particularly in mitigating the effects of flooding we need the support of dedicated donors like you. Join us in this vital mission to revitalize our natural habitats and contribute to the sustainability of local communities. Your generous gift will not only help restore aquatic life but will also play a pivotal role in enhancing the well-being of all communities that depend on our precious water resources.

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IRS990/Form990PartVIISectionAGrp/PersonNm11Danielle Darkangelo
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President Board of Directors
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President Board of Directors
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary Board of Directors
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer Board of Directors
IRS990/Form990PartVIISectionAGrp/TitleTxt4Past President Board of Directors
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