Overview
What is Historic Wilmington Foundation Inc?
Historic Wilmington Foundation Inc, located in Wilmington, North Carolina, is a dedicated nonprofit organization with a mission to safeguard the invaluable historic assets of the Lower Cape Fear Region. Their primary activity revolves around preserving historic buildings, and when demolition becomes inevitable, they operate Legacy Architectural Salvage as an alternative solution. This operation rescues architectural elements such as doors, windows, and flooring from demolished buildings, diverting waste from landfills, and offering them to the community for restoration projects. The proceeds from Legacy Architectural Salvage support the foundation's preservation efforts. Additionally, they offer free workshops on home repair and maintenance to educate and empower local homeowners, helping bridge the gap in home improvement professionals specialized in old property restoration. With a team of 7 employees, Historic Wilmington Foundation Inc is committed to safeguarding the historic fabric of Wilmington for future generations.
Official website here: www.historicwilmington.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
The Historic Wilmington Foundation Inc has earned a solid Three-Star rating from Charity Navigator, reflecting a commendable overall score of 82%. This rating is indicative of the organization's strong accountability and finance practices, as well as its commitment to community involvement, with a score of 81% in these areas. The foundation boasts an entirely independent board of directors and excellent financial oversight mechanisms, contributing to its overall reliability.
Despite its strengths, the organization does face some limitations in its governance practices. Notably, the foundation lacks a whistleblower policy and a document retention and destruction policy, which could be areas for improvement. Additionally, while the program expense ratio stands at 61.68%, there is room for enhancement to optimize financial resources directed toward program activities.
Overall, the Historic Wilmington Foundation demonstrates a positive standing with strong governance and financial practices, but it should address its policy gaps to enhance transparency and accountability further. The organization continues to focus on preserving the historic integrity of Wilmington, which remains a significant aspect of its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Historic Wilmington Foundation Inc legitimate?
Historic Wilmington Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic Wilmington Foundation 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: $52,757
Professional Fundraising Fees: $0
Other Salaries and Wages: $155,751
For more financial information, click here
Official website here: www.historicwilmington.org
What is the mission statement of Historic Wilmington Foundation Inc?
The Historic Wilmington Foundation's mission is centered around safeguarding and preserving the invaluable historical assets of a specific region. Specifically, their focus is on Wilmington and the Lower Cape Fear Region. Their mission involves protecting these historic resources from potential demolition or damage, and when necessary, they salvage architectural elements from older buildings for reuse. The organization operates a retail salvage operation, Legacy Architectural Salvage, which accepts donations of pre-1960s architectural salvage and sells these items to the community. This operation not only diverts waste from landfills but also contributes to preserving the region's historic fabric. Additionally, the foundation offers free workshops on home repair and maintenance, connecting historic preservation professionals with community members and promoting self-sufficiency in preserving old homes.
Official website here: www.historicwilmington.org
Who is the CEO of Historic Wilmington Foundation Inc?
Travis Gilbert is the Executive Director of Historic Wilmington Foundation Inc.
Official website here: www.historicwilmington.org
What is the revenue of Historic Wilmington Foundation Inc?
Historic Wilmington Foundation Inc's revenue in 2022 was $630,886.
Official website here: www.historicwilmington.org
Who are the executives of Historic Wilmington Foundation Inc and what are their salaries?
The average compensation at Historic Wilmington Foundation Inc during 2022 was $29,787. There are 7 employees and 54 volunteers at Historic Wilmington Foundation Inc.
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Official website here: www.historicwilmington.org
Where can I find the form 990 for Historic Wilmington Foundation Inc?
Historic Wilmington Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.historicwilmington.org
Learn more at the official website: www.historicwilmington.org
Mission Statement of Historic Wilmington Foundation Inc
Historic Wilmington Foundation, a dedicated organization, is committed to safeguarding and preserving the invaluable historic resources of Wilmington and the Lower Cape Fear Region. Their primary mission is to ensure that these irreplaceable historic treasures are conserved and maintained for future generations. To accomplish this, they operate Legacy Architectural Salvage, a retail salvage operation that salvages architectural elements from old buildings facing demolition. These salvaged items include items like flooring, doors, windows, and more, and are sold to the community, helping to preserve the region's historic fabric. The proceeds from Legacy Architectural Salvage support the foundation's preservation efforts. Additionally, Historic Wilmington Foundation offers free workshops on various topics related to home repair and maintenance, serving as a hub of knowledge for historic preservation professionals and homeowners alike. These workshops promote self-sufficiency among area homeowners, making historic home restoration and maintenance a more affordable and sustainable option.
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Impact
July, 2024
Historic Wilmington Foundation Inc's impact is significant in the preservation and protection of historic resources in Wilmington and the Lower Cape Fear Region. Through its retail salvage operation, Legacy Architectural Salvage, the foundation works tirelessly to keep historic buildings intact and in place. When a structure is facing demolition, Legacy serves as the best-case option in a worst-case scenario by deconstructing old buildings and salvaging architectural elements like flooring, doors, windows, and more.
This not only diverts tons of wood from landfills but also places these salvaged elements back into area homes, helping to preserve the region's historic fabric. Additionally, Legacy Architectural Salvage offers free workshops on home repair and maintenance, connecting historic preservation professionals with homeowners to empower the community in preserving and protecting its built history.
Through these efforts, Historic Wilmington Foundation Inc is ensuring that historic homes remain affordable, promoting self-sufficiency in homeowners, and preserving these houses for future generations.
This information is meant to be a general summary of Historic Wilmington Foundation 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: $148,567
- Program Service Revenue: $16,329
- Gross Receipts: $1,019,739
Assets and Liabilities:
- Total Assets: $1,732,232
- Total Liabilities: $62,317
- Net Assets: $1,669,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Plaque Sales
Revenue
$16,204
Legacy Workshosp
Revenue
$125
Organization Details
Founding Year
1966
Phone
(910) 762-2511Principal Officer
Travis Gilbert
Main Address
211 Orange St, Wilmington, NC, 28401
Website
www.historicwilmington.orgNTEE Category
Code: A82Z - Arts
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