Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
EIN 93-2915935 • 501(c)3 • Raleigh, NC
Profile
The Cape Lookout Albacore Foundation Inc. or CLAF". CLAF is organized and formed exclusively for charitable and educational purposes.The purpose of CLAF shall be to conduct activities and programs aimed at conserving and understanding the coastal fisheries of North Carolina with a particular focus on recreational fishing. This includes but is not limited to conducting and supporting research into marine ecology and fisheries biology promoting sustainable fishing practices and providing educational resources to the public about the importance of marine biodiversity and conservation. Additionally CLAF will engage in fundraising educational and outreach activities to provide support to other tax-exempt charities that are dedicated to wellbeing of disabled active military service personnel disabled veterans and other at need members of our community. CLAFs commitment extends to enhancing the lives of these individuals through fly fishing and associated activities.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
33rd percentile
Higher net margin than 33% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
42nd percentile
Faster asset growth than 42% of similar nonprofits.
Revenue Growth
41st percentile
Faster revenue growth than 41% of similar nonprofits.
Assets
Down$17,371
Down $536 (-3.0%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$17,371
Down $536 (-3.0%) from 2023
Revenue
Down$66,958
Down $6,627 (-9.0%) from 2023
Expenses
Up$67,494
Up $11,816 (+21%) from 2023
Net Income
Down-$536
Down $18,443 (-103%) from 2023
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
The Cape Lookout Albacore Foundation Inc. or CLAF". CLAF is organized and formed exclusively for charitable and educational purposes.The purpose of CLAF shall be to conduct activities and programs aimed at conserving and understanding the coastal fisheries of North Carolina with a particular focus on recreational fishing. This includes but is not limited to conducting and supporting research into marine ecology and fisheries biology promoting sustainable fishing practices and providing educational resources to the public about the importance of marine biodiversity and conservation. Additionally CLAF will engage in fundraising educational and outreach activities to provide support to other tax-exempt charities that are dedicated to wellbeing of disabled active military service personnel disabled veterans and other at need members of our community. CLAFs commitment extends to enhancing the lives of these individuals through fly fishing and associated activities.
| Description | Grants | Expenses |
|---|---|---|
| Albie Fest days 1-2 3 is a two-part community engagement event and fundraiser directly tied to our mission. The first part of the event is all about serving our Veteran community and putting "Boots on Boats." We conducted a two-day event for 60 Veterans teaching how to tie flys conducting a fly rod casting clinic and hosting lectures about the local fishery. Additionally with the help of local captains and fisherman we were able to put those learnings to work and get 60 Veterans out on the water participating in our local fisheries. Expense breakout: travel $4919 printing $750 venue $4500 food & beverage $3709 contractors $1100 in-kind assets used $17377 | $0 | $0 |
| The second part of Albie Fest day 3 3 is a community event fishing tournament and fundraiser with 75 participants from the local community and visitors from around the country. In addition to serving as the primary fund raiser for the organization we were able to recognize three veterans for their outstanding leadership in their community recognize a role model from the fishing community celebrate the outstanding achievements of the tournament winners and discuss conversation. Expense breakout: printing $5866 food & beverage $4948 contractors $2607 in-kind assets used $22493 | $0 | $0 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| N Christian Thompson | President | - | $0 | - | - |
| John Snipes | Vice President | - | $0 | - | - |
| G Grey Littlewood | Secretary | - | $0 | - | - |
| Gregory Barnes | Treasurer | - | $0 | - | - |
| Kellie Thompson | Board Member | - | $0 | - | - |
| Tyler Hudgins | Board Member | - | $0 | - | - |
| Patrick Poindexter | Board Member | - | $0 | - | - |
“| Grants And Similar Amounts Paid:, Amount:| Restricted grant issued to Project Healing Waters Fly Fishing Inc. EIN: 61-1518154 to support chapters serving veterans in Eastern North Carolina., $9000|”
“| Other Expenses:, Amount:| Albiefest is a community event friendly fishing tournament and fundraiser tied to our mission. As the event is directly tied to our mission we are not reporting it as a fundraiser in row 7. With 75 participants this year we were able to connect many members of the community educate participants about our fisheries make connections between community members and Veterans and honor outstanding role models from the community. Additionally this event served as a key raising mechanism for 2024. Expense breakout use of in-kind goods $19764 venue $5939 food & beverage $5860 assorted supplies $415, $31978| Boots on boats is a two-day immersive event serving veterans about our local fisheries hands on workshop learning to tie multiple fly patterns a casting clinic and getting out on the water to experience our local fisheries. This year we were able to serve 62 Veterans. Expense category breakout: Use of In-Kind Donations $7102 Venue $3965 Food & Beverage $1478 & Travel $400., $12946| Overhead including web hosting transaction processing and bank fees., $1101|”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Treasurer |
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| IRS990EZ/OtherExpensesTotalAmt | 0 | 46025 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
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| IRS990EZ/PrimaryExemptPurposeTxt | 0 | The Cape Lookout Albacore Foundation Inc. or CLAF". CLAF is organized and formed exclusively for charitable and educational purposes.The purpose of CLAF shall be to conduct activities and programs aimed at conserving and understanding the coastal fisheries of North Carolina with a particular focus on recreational fishing. This includes but is not limited to conducting and supporting research into marine ecology and fisheries biology promoting sustainable fishing practices and providing educational resources to the public about the importance of marine biodiversity and conservation. Additionally CLAF will engage in fundraising educational and outreach activities to provide support to other tax-exempt charities that are dedicated to wellbeing of disabled active military service personnel disabled veterans and other at need members of our community. CLAFs commitment extends to enhancing the lives of these individuals through fly fishing and associated activities. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Albie Fest days 1-2 3 is a two-part community engagement event and fundraiser directly tied to our mission. The first part of the event is all about serving our Veteran community and putting "Boots on Boats." We conducted a two-day event for 60 Veterans teaching how to tie flys conducting a fly rod casting clinic and hosting lectures about the local fishery. Additionally with the help of local captains and fisherman we were able to put those learnings to work and get 60 Veterans out on the water participating in our local fisheries. Expense breakout: travel $4919 printing $750 venue $4500 food & beverage $3709 contractors $1100 in-kind assets used $17377 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | The second part of Albie Fest day 3 3 is a community event fishing tournament and fundraiser with 75 participants from the local community and visitors from around the country. In addition to serving as the primary fund raiser for the organization we were able to recognize three veterans for their outstanding leadership in their community recognize a role model from the fishing community celebrate the outstanding achievements of the tournament winners and discuss conversation. Expense breakout: printing $5866 food & beverage $4948 contractors $2607 in-kind assets used $22493 |
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| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | | Grants And Similar Amounts Paid:, Amount:| Restricted grant issued to Project Healing Waters Fly Fishing Inc. EIN: 61-1518154 to support chapters serving veterans in Eastern North Carolina., $9000| |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | | Other Expenses:, Amount:| Albiefest is a community event friendly fishing tournament and fundraiser tied to our mission. As the event is directly tied to our mission we are not reporting it as a fundraiser in row 7. With 75 participants this year we were able to connect many members of the community educate participants about our fisheries make connections between community members and Veterans and honor outstanding role models from the community. Additionally this event served as a key raising mechanism for 2024. Expense breakout use of in-kind goods $19764 venue $5939 food & beverage $5860 assorted supplies $415, $31978| Boots on boats is a two-day immersive event serving veterans about our local fisheries hands on workshop learning to tie multiple fly patterns a casting clinic and getting out on the water to experience our local fisheries. This year we were able to serve 62 Veterans. Expense category breakout: Use of In-Kind Donations $7102 Venue $3965 Food & Beverage $1478 & Travel $400., $12946| Overhead including web hosting transaction processing and bank fees., $1101| |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part I, line 16 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Gregory Barnes |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CAPE LOOKOUT ALBACORE FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CAPE |
| ReturnHeader/Filer/EIN | 0 | 932915935 |
| ReturnHeader/Filer/ForeignPhoneNum | 0 | 9195189508 |
| ReturnHeader/Filer/InCareOfNm | 0 | % G GREY LITTLEWOOD |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3700 GLENWOOD AVE STE 405 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | RALEIGH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 276125540 |
| ReturnHeader/ReturnTs | 0 | 2025-05-15T08:27:29-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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