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Cbp3 INC

Tax-deductible

Carolina Bch, NC501(c)(3)Recreation & SportsEIN 27-1463176

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Maintaining and operating two public parking lots in support of the town of carolina beach.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $145K a year · 52% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$592K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$261K
-5% vs prior year
Spent
$113K
To programs
99%
Net assets
$1.6M
By yearFY2021–FY2025
Revenue
$261K
FY2025▼ -5%
Revenue by fiscal year
FY2021$287K
FY2022$305K
FY2023$278K
FY2024$274K
FY2025$261K
Expenses
$113K
FY2025▼ -10%
Expenses by fiscal year
FY2021$140K
FY2022$158K
FY2023$141K
FY2024$126K
FY2025$113K
Net assets
$1.6M
FY2025▲ +10%
Net assets by fiscal year
FY2021$1.0M
FY2022$1.2M
FY2023$1.3M
FY2024$1.5M
FY2025$1.6M

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $112K Management & general 1% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Joseph Benson
Secretary/Treasurer
$0Pt VII · Sec A
Dennis Barbour
Vice Chair
$0Pt VII · Sec A
Miles Bielec
Director
$0Pt VII · Sec A
Lisa Wills
Director
$0Pt VII · Sec A
Kimberlee Ward
Assistant Secretary
$0Pt VII · Sec A
Debbie Hall
Assistant Treasurer
$0Pt VII · Sec A
See Cbp3 INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates two public parking lots to support Carolina Beach.

Provided by the organization

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1 program service account for $112K of program spending, described in the organization's own filed words · FY2024.
01

Maintaining and operating two public parking lots in support of the town of carolina beach.

$112Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $460K · 2020–2024
Town of Carolina Beach North CarolinaFY2024$85,849
Town of Carolina Beach North CarolinaFY2023$95,251
Town of Carolina Beach North CarolinaFY2022$92,844
Town of Carolina Beach North CarolinaFY2021$105,861
Town of Carolina Beach North CarolinaFY2020$80,310

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$261K
Ln 12
Gifts and grantsLn 1h$175K
Fees for servicesLn 2g$86K
Money outPt IX
$113K
Ln 25
Programscol B$112K
Managementcol C$1K
Owns and owesPt X
$1.6M
net assets · Ln 32
Total assetsLn 16$2.2M
LiabilitiesLn 26$592K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$175K
Fees for servicesLn 2g$86K
Total revenueLn 12$261K
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$2.2M
Total assetsLn 16$2.2M
LiabilitiesLn 26$592K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Land, buildings, equipmentLn 10c$2.2M$2.2M
Total assetsLn 16$2.2M$2.2M
LiabilitiesLn 26$740K$592K
Net assetsLn 32$1.5M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$86K$86K
Accounting feesLn 11c$1K$1K
OccupancyLn 16$6K$6K
InterestLn 20$20K$20K
InsuranceLn 23$800$800
Total functional expensesLn 25$113K$112K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $261K$113K$148K$1.6M 990 PDF
FY2024 $274K$126K$148K$1.5M 990 PDF
FY2023 $278K$141K$137K$1.3M 990 PDF
FY2022 $305K$158K$147K$1.2M 990 PDF
FY2021 $287K$140K$147K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $261,251 across 4 lines filed
VIII-1d Related organizations$175,402
VIII-1h Total contributions, gifts and grants$175,402
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $85,849$85,849
VIII-12 Total revenueRelated to mission $85,849 · Unrelated business $0 · Excluded from tax $0$261,251
Part IX · Statement of functional expenses $113,346 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $85,849$85,849
IX-11c Accounting feesManagement $1,300$1,300
IX-16 OccupancyPrograms $5,651$5,651
IX-20 InterestPrograms $19,746$19,746
IX-23 InsurancePrograms $800$800
IX-25 Total functional expensesPrograms $112,046 · Management $1,300 · Fundraising $0$113,346
Part X · Balance sheet $2,218,578 assets, 6 lines filed
X-10c Land, buildings and equipment, netStart of year $2,218,578$2,218,578
X-16 Total assetsStart of year $2,218,578$2,218,578
X-26 Total liabilitiesStart of year $739,526$591,621
X-27 Net assets without donor restrictionsStart of year $1,479,052$1,626,957
X-32 Total net assets or fund balancesStart of year $1,479,052$1,626,957
X-33 Total liabilities and net assetsStart of year $2,218,578$2,218,578
Part XI · Reconciliation of net assets $1,626,957 net assets at year end
XI-1 Total revenue$261,251
XI-2 Total expenses$113,346
XI-3 Revenue less expenses$147,905
XI-4 Net assets at start of year$1,479,052
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,626,957

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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