Historic Port of Washington Project

Nonprofit profile at a glance

EIN
821761499
IRS 990-EZ coverage
2022–2025
Forms available
Form 990-EZ 2025, Form 990-N 2021
Location
Washington, NC, USA
Phone
2527214910
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
History Museums

Reported finances

Revenue
$76,993
Expenses
$39,428
Assets
$67,577
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Ray Midgett (Vice President)
  • Stephen Farrell (President)

People named in this filing

  • Keith D Hackney (Trustee Emeritus)
  • Lynda Lane (Trustee)
  • Billie Jean Mallison (Trustee Emeritus)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Preservation of Washington nc history

What it reported doing in 2025

Community education: Presented lectures about local history. Maintain Social Media Site. Support for Middle School History Club. Signs and Plaques for Historical Locations.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 83% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 100
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 48.1%; rating input score 48
  • Program expense ratio: 93.8%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 48.8%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 1.71; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 25.5% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 46.8% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 34.6% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 48.1% of revenue deployed · 93.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $37K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.