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EIN 56-2050806

Wilmington Future

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Wilmington
State
North Carolina
Year formed
1997
Most recent tax filings
2023-06-01
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
Description
Wilmington Future Inc promotes the citizens' general welfare by assisting the city in its municipal and governmental functions through acquisition, construction, sale, lease, and facility improvements. It operates as a conduit for the city and uses all interest earned to fund projects or pay off city debts. The corporation does not generate any profits and ensures that the city receives all earnings.
Total revenues
$287,250
2023
Total expenses
$287,250
2023
Total assets
$229,874,551
2023
Num. employees
0
2023

Program areas at Wilmington Future

Wilmington Future Inc is acting as a conduit for the city and will make no profit. All interest earned will be used to fund the project(s) or will be applied toward the payments due from the city. Thus, the city will have the benefit of all earnings on accounts held by the Trustee and Wilmington Future Inc will not hold any funds.

Personnel at Wilmington Future

NameTitleCompensation
Amy BeattyPresident and Director$0

Financials for Wilmington Future

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$287,250
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$287,250

Form 990s for Wilmington Future

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-08990View PDF
2022-062022-11-09990View PDF
2021-062021-11-08990View PDF
2020-062021-12-20990View PDF
2019-062020-07-01990View PDF
...and 9 more Form 990s
Data update history
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 28, 2023
Updated personnel
Identified 3 new personnel
February 4, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvement
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
PO Box 1810
Wilmington, NC 28402
Metro area
Wilmington, NC
Phone
(910) 341-7822
IRS details
EIN
56-2050806
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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