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Nonprofiteer
← CAPE LOOKOUT FOUNDATION INC

Form 990 for tax year 2024

Filed by CAPE LOOKOUT FOUNDATION INC.

Totals

Total revenue
$290,100
Total expenses
$57,414
Contributions and grants received
$290,100
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$232,686
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$232,686
Program services expenses (Part IX)
$44,194
Management and general expenses
$13,220
Fundraising expenses
$0
Program service expenses (Part III)
$44,194

Program services were 77.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $290,100

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $40,000 · program services $32,000 · management and general $8,000

  • 11c · Fees: accounting

    total $2,050 · management and general $2,050

  • 13 · Office expenses

    total $161 · program services $32 · management and general $129

  • 17 · Travel

    total $831 · program services $665 · management and general $166

  • 23 · Insurance

    total $3,805 · program services $3,044 · management and general $761

  • 24a · Other expenses: FERRY COSTS

    total $9,310 · program services $7,448 · management and general $1,862

  • 24b · Other expenses: EQUIPMENT AND MAINTENAN

    total $1,203 · program services $962 · management and general $241

  • 24c · Other expenses: RENOVATION COSTS

    total $54 · program services $43 · management and general $11

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $138,667

  • 15 · Other assets

    beginning of year $0 · end of year $94,019

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $232,686

Mission and programs · 2024

Mission

TO RESTORE THE FORMER CAPE LOOKOUT COAST GUARD STATION SO THAT IT MAY SERVE AS A PLACE OF EDUCATION AND RECREATION WELCOMING ANY AND ALL PEOPLE OPEN TO LEARNING ABOUT AND ENJOYING THE NATURAL WONDERS OF THE CAPE LOOKOUT NATIONAL SEASHORE.

  • THE CAPE LOOKOUT FOUNDATION IS A 501(C)(3) ORGANIZATION WHICH WAS OFFICIALLY ESTABLISHED IN JULY 2022 BY A GROUP OF LIFE-LONG CAPE LOOKOUT NATIONAL SEASHORE ENTHUSIASTS UNITED BEHIND THE PURPOSE OF IMPROVING, PRESERVING, AND SHARING THIS NATIONAL TREASURE.

    Expenses $44,194

As filed on the 2024 return.

Listed in Part VII

  • James H Bud Doughton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8
  • Carol W Basnight

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Ware Smith III

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Mason Williams

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    9
  • Kirk Preiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Thomas Coxe Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Randall Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Runyon Tyler II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James Hp Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Garry Brown

    EXECUTIVE DIRECTOR

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 April 2025
IRS schema version
2024v5.1
Source object
202521009349300522

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