Friends of Moorefields EIN 26-2570121 Form 990 (PDF) Claim this org

Friends of Moorefields

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Preserves a historic house and grounds, celebrating arts and protecting wildlife. For fiscal year 2025 it reported $65K in revenue, $97K in expenses, and $1.2M in net assets.Pt I

Founded
2006
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Hillsborough, NC
Website
www.moorefields.org
Filings
4 on file (2022–2025)
Revenue
$65KFY2025
Expenses
$97K
Net assets
$1.2M
People
11
Filings
4
Updates
0
More identity details & actions ⌄
EIN  26-2570121 Public charity (501(c)(3)) Hillsborough, NC Founded 2006
Form 990 (PDF)
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Size
<$100K
What they do
Preserves a historic house and grounds, celebrating arts and protecting wildlife.
Leadership
Cecily T Nisbet · Executive Di · $22K
Money in and out
$65K revenue, $97K expenses
Bottom line
72% program efficiency
Where the money goes · FY2025
Total revenue
$65K
Pt VIII · Ln 12
Total expenses
$97K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$32K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.28
Program efficiency
72%
of spending reaches programs▼ -18% vs prior filing year
Operating runway
42.8mo
months of highly liquid reserves at operating expense rate▼ -4% vs prior filing year
Surplus margin
-48%
revenue over expenses, this year▼ -162% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$65K
FY2025▼ -85%
Expenses
$97K
FY2025-0.3%
Total assets
$1.2M
FY2025▼ -3%
Total liabilities
$903
FY2025
Total revenue
$65K
Pt VIII · Ln 12
Total expenses
$97K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$32K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFriends of Moorefields
EINHdr · item D26-2570121
Principal addressHdr · item CHillsborough, NC
WebsiteHdr · item Jwww.moorefields.org
Year of formationHdr · item L2006
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A80)
Ruling yearIRS BMFFeb 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$21,997Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Cecily T Nisbet’s $22K as Executive Di is at the 75th percentile of top reported officer pay among 250 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Cecily T Nisbet$21,997
Barry Jacobs$7,000$10,500$3,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $69K of program spending, described in the organization's own filed words · FY2025.
01

In addition to routine repairs and maintenance of the house and grounds, ongoing efforts to maintain and preserve the historic house at moorefields included interior and exterior painting, improvements to the long gravel driveway entrance to the site, replacement of the 50-YEAR-OLD water tank, and planting of 20 white oak trees as part…

$69Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$43K · 66%
Investment income$14K · 21%
Other revenue$8K · 12%
Program service revenue$510 · 1%
Contributions & grants66%$43K
Investment income21%$14K
Other revenue12%$8K
Program service revenue1%$510
— government grantsLn 1e$14K
Total revenueLn 12$65K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$69K
Management & general28%$28K
Total functional expensesLn 25$97K

Balance Sheet

Part X · end of year
CashLn 1$271K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$903
Total net assetsLn 32$1.2M
Months of cash on handcomputed33.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $347K · Operating expenses/yr $97K
42.8 months
Where the money goes
Program services
Program services $69K · Total expenses $97K
72%
Management & General
Management & general $28K · Total expenses $97K
28%
Fundraising
Fundraising $0 · Total expenses $97K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $26K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $43K · Total revenue $65K
66%
Government reliance
Government grants $14K · Total revenue $65K
22%
Earned-income share
Program service revenue $510 · Total revenue $65K
0.8%
Investment reliance
Investment income $14K · Total revenue $65K
+21%
Program self-sufficiency
Program service revenue $510 · Total expenses $97K
0.5%
Growth & trend
Revenue growth (YoY)
This year $65K · Prior year $436K
-85%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $65K · Expenses $97K
-48%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $75K · Total assets (Pt X, ln 16) $1.2M
6%
People & payroll
Highest Reported Total Compensation
Individual Cecily T Nisbet · Reported title EXECUTIVE DI · Highest reported compensation $22K · Total expenses $97K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $24K · Total expenses $97K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 28%
Revenue growth -85%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$65K revenue · viewing · ⤓ 990 PDF
FY2024$436K revenue · ⤓ 990 PDF
FY2023$63K revenue · ⤓ 990 PDF
FY2022$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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