Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1990.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
63 cents of each dollar spent went to programs.
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
12 people listed on the 990; $57K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Chris Webb | $57,261 | $57,200 | $57,200 | $57,200 | $57,200 |
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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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 15aYes
Programs and updates
Operates and restores Old Baldy Lighthouse through donations and visitor fees.
Questions for Old Baldy Foundation INC
Your first name shows with your question. Old Baldy Foundation INC answers here, for everyone.
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Purpose of the foundation is the operation and restoration of old baldy, a lighthouse on bald head island, NC. The foundation operates the lighthouse in a manner which provides educational awareness of regional history to the general public.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $351K | $284K |
| Land, buildings, equipmentLn 10c | $1.6M | $2.0M |
| Total assetsLn 16 | $2.1M | $2.5M |
| LiabilitiesLn 26 | $284K | $221K |
| Net assetsLn 32 | $1.8M | $2.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $57K | $29K | $23K | $6K |
| Other salaries and wagesLn 7 | $151K | $136K | $15K | |
| Other employee benefitsLn 9 | $13K | $11K | $1K | |
| Payroll taxesLn 10 | $20K | $18K | $2K | |
| Accounting feesLn 11c | $1K | $1K | ||
| Professional fundraising feesLn 11e | $108K | $108K | ||
| Other fees for servicesLn 11g | $3K | $3K | ||
| Advertising and promotionLn 12 | $2K | $2K | $675 | |
| Office expensesLn 13 | $8K | $2K | $5K | $805 |
| Information technologyLn 14 | $4K | $1K | $2K | $372 |
| OccupancyLn 16 | $44K | $40K | $4K | |
| Conferences, conventions and meetingsLn 19 | $3K | $3K | ||
| InterestLn 20 | $10K | $10K | ||
| Depreciation, depletion and amortizationLn 22 | $63K | $57K | $6K | |
| InsuranceLn 23 | $2K | $2K | $221 | |
| Other expenses (24a–d)Ln 24 | $30K | $21K | $2K | $6K |
| All other expensesLn 24e | $919 | $665 | $254 | |
| Total functional expensesLn 25 | $519K | $330K | $68K | $121K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $925K | $519K | $406K | $2.2M | 990 PDF |
| FY2023 | $697K | $337K | $360K | $1.8M | 990 PDF |
| FY2022 | $359K | $330K | $29K | $1.5M | 990 PDF |
| FY2021 | $931K | $371K | $560K | $1.5M | 990 PDF |
| FY2020 | $218K | $385K | −$167K | $894K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $925,169 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, 1 to look at
Part VIII · Statement of revenue $925,169 across 8 lines filed
Part IX · Statement of functional expenses $519,376 across 17 lines filed
Part X · Balance sheet $2,469,323 assets, 13 lines filed
Part XI · Reconciliation of net assets $2,248,777 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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