New Bern Preservation Foundation Inc

Nonprofit profile at a glance

EIN
237376105
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2018
Location
New Bern, NC, USA
Phone
2526336448
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$62,491
Expenses
$136,314
Assets
$940,916
Liabilities
$300,032

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • JOHN BARNES (PRESIDENT)

People named in this filing

  • MOLLIE BATES (BOARD MEMBER)
  • ROSS BEEBE (BOARD MEMBER)
  • JOHNNIE BRITT (BOARD MEMBER)

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

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The new bern preservation foundation's primary mission is to save historic properties in and around the new bern area.

What it reported doing in 2024

The foundation provides outreach and educational programs to the community and to property owners. This includes tours of historic properties as well as one-on-one meetings with property owners to provide information and guidance on how to kindly update a property while preserving its important historic fabric. The foundation has community outreach programs and events throughout the year. The foundation has sponsored and coordinated the new bern antiques show for over 30 years. It brings together more than thirty antiques dealers from the east coast. This is one of our major fundraising events and it gives us a way to showcase the mission of the foundation. The antique show was not held in 2020 due to covid-19. The foundation is currently involved in several preservation partnership programs. The foundation has partnered with North Carolina railroad and the city of new bern to restore the union station train depot in downtown new bern. Union station was built in 1910 and at one time served as a major rail station in eastern North Carolina. The foundation has also partnered with king solomon lodge 1 in a major restoration project of a vital historic structure. The king solomon lodge structure, c.a. 1870, is the first african-american masonic lodge in the North Carolina and one of the first in the south. It has been in continual use as a masonic lodge since it was built and represents a vital piece of new bern's 300 year history.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 34
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.5%; rating input score 92
  • Fundraising efficiency: $38.36 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -118.1%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 6.9; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -1.1% per year; rating input score 0; 48th percentile among comparable filings
  • Revenue growth: -7.1% per year; rating input score 0; 38th percentile among comparable filings
  • Asset growth: 10.9% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.5% of spending went to programs
  • Governance: 18 of 18 board members independent · 2 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $126K in reported program spending
  • Leadership: top reported pay $0 · 18 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • 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.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 18/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.