Overview
What is Capital Area Preservation Inc?
Capital Area Preservation Inc, based in Wake County, serves as a dedicated nonprofit organization focused on historic preservation. Their primary mission is to manage and safeguard historical sites by accepting historic preservation easements. This involves working closely with the community to protect significant landmarks and architectural treasures, ensuring that they endure for future generations. The organization plays a vital role in preserving the region's rich history and cultural heritage.
Official website here: www.cappresinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Capital Area Preservation Inc has received a mixed evaluation, reflected in its 73% rating from Charity Navigator. The organization showcases strengths in its board governance, with 100% independent members, and emphasizes transparency through the listing of its website on tax forms and maintenance of board meeting minutes. Additionally, it reports a high program expense ratio of 82.83%, indicating a significant allocation of resources towards its mission.
However, there are notable limitations in terms of accountability, as the organization lacks a whistleblower policy and a document retention and destruction policy, resulting in a less than optimal score in those areas. These gaps may raise concerns about the organization's commitment to transparency and proper governance practices.
Despite these issues, Capital Area Preservation Inc demonstrates a stable financial posture, with a low liabilities to assets ratio of 1.43%. While there are areas for improvement, particularly in policy formulation, the organization remains committed to its preservation efforts, as evidenced by its strong program expense allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Capital Area Preservation Inc legitimate?
Capital Area Preservation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Area Preservation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,767
For more financial information, click here
Official website here: www.cappresinc.org
What is the mission statement of Capital Area Preservation Inc?
Capital Area Preservation Inc, in its mission, manages Wake County's historic preservation program and accepts historic preservation easements. Their primary objective is to preserve historical sites, protecting the rich heritage and cultural significance of these locations. By managing this program, they contribute to the preservation of the region's history, ensuring that future generations can appreciate and learn from these historical sites.
Official website here: www.cappresinc.org
Who is the CEO of Capital Area Preservation Inc?
Gary Roth is the Chair of Capital Area Preservation Inc. The CEO's salary of Capital Area Preservation Inc is $0 and their total compensation is $0.
Official website here: www.cappresinc.org
What is the revenue of Capital Area Preservation Inc?
Capital Area Preservation Inc's revenue in 2022 was $761,504.
Official website here: www.cappresinc.org
Who are the executives of Capital Area Preservation Inc and what are their salaries?
The average compensation at Capital Area Preservation Inc during 2022 was $85,384. There are 2 employees at Capital Area Preservation Inc.
Here are 10 key members and their salaries (Capital Area Preservation Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.cappresinc.org
Where can I find the form 990 for Capital Area Preservation Inc?
Capital Area Preservation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cappresinc.org
Learn more at the official website: www.cappresinc.org
Mission Statement of Capital Area Preservation Inc
Capital Area Preservation, a renowned nonprofit organization, is dedicated to the preservation of historical sites. This mission is accomplished through managing Wake County's historic preservation program and accepting historic preservation easements. By accepting these easements, Capital Area Preservation is committed to protecting and preserving significant historical properties, ensuring that future generations can appreciate and learn from these treasures of the past. The organization's mission reflects a deep respect for history and a desire to safeguard the cultural heritage of the community it serves.
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Impact
October, 2024
Capital Area Preservation Inc significantly impacts the community by managing Wake County's historic preservation program, thereby safeguarding the area’s historical sites for future generations. By accepting historic preservation easements, the organization ensures that valuable cultural heritage is maintained, promoting a sense of identity and continuity in the region. Their efforts contribute to enhancing local tourism, fostering community pride, and supporting the arts by preserving the stories and architecture that define the character of Raleigh, NC. Through these initiatives, Capital Area Preservation plays a vital role in maintaining the historical integrity of the community while encouraging education and advocacy for preservation efforts.
This information is meant to be a general summary of Capital Area Preservation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13,783
- Program Service Revenue: $145,567
- Gross Receipts: $916,839
Assets and Liabilities:
- Total Assets: $8,278,495
- Total Liabilities: $146,786
- Net Assets: $8,131,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COUNTY CONTRACT
Revenue
$121,394
TOWN CONTRACTS
Revenue
$22,600
PRIVATE CONTRACTS
Revenue
$1,573
Organization Details
Founding Year
1972
Phone
(919) 833-6404Principal Officer
Gary Roth
Main Address
P O BOX 28072, RALEIGH, NC, 27611
Website
www.cappresinc.orgNTEE Category
Code: A82Z - Arts
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