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Historic Wilmington Foundation, Inc. Organization Name provided in the GuideStar Exchange* as of 01/23/2014: Historic Wilmington Foundation, Inc.

Organization Name as listed in the IRS Business Master File as of 08/11/2014: HISTORIC WILMINGTON FOUN INC

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AKA  HWF
Wilmington, NC
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GuideStar Summary

&1002; GuideStar Exchange Committed to transparency ?
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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2012, 2011, and 2010 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit is available
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Basic Organization Information

Historic Wilmington Foundation, Inc. Organization Name provided in the GuideStar Exchange* as of 01/23/2014: Historic Wilmington Foundation, Inc.

Organization Name as listed in the IRS Business Master File as of 08/11/2014: HISTORIC WILMINGTON FOUN INC

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
Also Known As: HWF
Physical Address: Wilmington, NC 28403 
EIN: 56-6074528
Web URL: www.historicwilmington.org 
NTEE Category: A Arts, Culture, and Humanities
A80 Historical Societies and Related Activities
A Arts, Culture, and Humanities
A80 Historical Societies and Related Activities
A Arts, Culture, and Humanities
A54 History Museums
Ruling Year: 1967 
How This Organization Is Funded: Membership - $39,000
Corporate underwriters and sponsors - $41,000
Special events - $65,000


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Mission Statement

To preserve and protect the irreplaceable historic resources of Wilmington and the Lower Cape Fear region.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

Institutional funders should note that an organization’s inclusion on GuideStar.org does not satisfy IRS Rev. Proc. 2011-33 for identifying supporting organizations.

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Annual Revenue & Expenses (IRS Form 990, January 2012)

Fiscal Year Starting: January 01, 2012
Fiscal Year Ending: December 31, 2012

Total Revenue $155,935
Total Expenses $164,550

Revenue & Expenses

Revenue and expense information has not been provided by the nonprofit. Click here if you are associated with this organization and want to provide this information.

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the IRS Additional Information
IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar website is an ongoing process.

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Forms 990 Provided by the Nonprofit

Financial Statements

Audited Financial Statement is not available for this organization.

Annual Reports

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Leadership

(GuideStar Exchange,
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January 2014)

Mr. George William Edwards

Leadership Statement:

Mr. Edwards has worked in the historic preservation and downtown redevelopment field for more than 26 years. He has served as the chief executive for local and statewide preservation organizations and Main Street programs. He also worked for local government in downtown revitalization. Mr. Edwards is a graduate of the National Trust's Preservation Leadership Training program and holds a graduate degree in heritage preservation from Georgia State University and a graduate certificate in contemporary planning from Hamline University.

Board Chair (GuideStar Exchange,
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January 2014)

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Board Co-Chair (GuideStar Exchange,
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January 2014)

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Board of Directors (GuideStar Exchange,
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January 2014)

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Board Leadership Practices (GuideStar Exchange,
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January 2014)
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Board Orientation & Education ?
Why does this matter? Without clarity around their responsibilities and expectations, board members are not positioned to succeed. They may find themselves challenged to fulfill their governance responsibilities or frustrated by the expectations that the organization has set for them. BoardSource recommends that every new board member participate in a formal orientation process, and that all board members sign a pledge or agreement committing to their board service and to all of the responsibilities and expectations that come with service. Ideally, board members also should participate in a formal governance training program prior to serving on a board.

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
Response Not Provided
CEO Oversight ?
Why does this matter? Oversight and management of the chief executive is one of the board’s most important legal responsibilities. The CEO or executive director is the board's single employee, and - just like any other employer/employee relationship - regular and written assessment is critical to ensuring that the chief executive and board are communicating openly about goals and performance. BoardSource recommends that boards conduct formal, written reviews of their chief executives on an annual basis, which should include an in-person discussion with the chief executive and distribution of the written evaluation to the full board.

Has the board conducted a formal, written assessment of the chief executive within the past year?
Response Not Provided
Ethics & Transparency ?
Why does this matter? A commitment to handling conflicts of interests is essential to creating an organizational culture of transparency. Boards should create and follow a policy for identifying and handling conflicts of interest, whether real or perceived. BoardSource recommends that organizations review the conflict-of-interest statement and require signed disclosures from all board members and senior staff on an annual basis.

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements within the past year?
Response Not Provided
Board Composition ?
Why does this matter? The best boards are composed of individuals who bring a variety of skills, perspectives, backgrounds, and resources to tackle the complex and strategic challenges confronting their organizations. BoardSource recommends that boards commit to diversity and inclusion by establishing written policies and practices, which include strategic and intentional recruitment of diverse board members, continual commitment to inclusivity, and equal access to board leadership opportunities.

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
Response Not Provided
Board Performance ?
Why does this matter? Boards need to regularly assess their own performance. Doing so ensures that they are being intentional about how they govern their organization, which is a critical component of effective board leadership. BoardSource recommends that a board conduct a self-assessment of its performance a minimum of once every three years to ensure that it is staying on track with its roles and responsibilities.

Has the board conducted a formal, written self-assessment of its performance within the past three years?
Response Not Provided

Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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People information was last updated by the nonprofit in January 2014

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Programs

Program: A variety of educational programs (GuideStar Exchange,
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January 2014)

Budget:
--
Category:
Population Served:
General Public/Unspecified

Program Description:

Historic Wilmington offers a variety of educational programs and workshops by local and regional historians and preservation experts including lectures, classes, demonstrations, tours and trips. The Foundation offers a highly successful plaque program which is overseen by the Foundation's Plaque Committee. Buildings 75 years and older located in New Hanover County and the region are eligible for a plaque. Visit the Foundation's website, www.historicwilmington.org for an explanation of the program and an application. The Foundation website also has a link to the on-line site for the entire plaque program (now more than 500 plaques). The research created for all plaque applications is on file at the Foundation's offices. Protective Covenants and Preservation Easements Program- A preservation easement is a legal agreement between a property owner and a preservation organization that protects the architectural and historic integrity of structures by imposing limitations on the type of alterations that can be made. Protective covenants and preservation easements provide a vehicle for the property owner to take an active part in the preservation of Wilmington and to be potentially eligible for certain tax benefits. Historic Wilmington holds  88 covenants and easements. HWF is aggressively moving to acquire more easements. Since 2007 HWF has acquired 17 easements on a major downtown commercial buildings and houses.  The success of the easements program has been accompanied by a major public relations thrust to raise community awareness of the value of easements. HWF provides information for problems common to historic structures,as well as maintains a preservation resources (professional in the field) network list. Provides speakers to address civic organizations on a variety of preservation topics. The HWF provides information on State and Federal historic rehabilitation tax credits and provides limited assistance in the completion of tax credit applications. In 2005 Historic Wilmington implemented it first public nomination process for an annual Most Threatened Historic Places of Wilmington and the Lower Cape Fear region. The first list was announced in 2006. See our website for the annual list, for updates, and for strategies to save threatened places. HWF initiated a new fundraising effort called IG40 in 2006 to raise funds for a small grants program, and assistance to moderate and low income home owners in the historic districts. The Foundation also reactivated its revolving fund to provide a loan guarantee on a construction loan for an historic church, and to make a short term loan to one of the 2006 threatened historic properties. The short term loan program requires a "do not demolish agreement" and the promise to grant a facade easement after the restoration of the property. using the revolving funds the Foundation purchased and rehabilitated an endangered shotgun house in 2007-08 for affordable income qualified buyers. In 2008 HWF purchased two commercial buildings that were facing demolition and after placing easements on them was able to resell the properties.

Program Long-Term Success:

Since 1996, HWF has saved more than 100 homes and buildings from demolition with the use of creative preservation strategies, such as facade easements, a revolving fund, and moving buildings. In 2007 we continued these efforts to save historic resources with expanded advocacy and education. 2007 also marked the return of Repair Affair program to improve and stabilize housing for elderly homeowners and homeowners with limited income. The Repair Affair completes basic repairs for the house and repaints the house.

Program Short-Term Success:

Program Success Monitored by:

The Board of Trustees, the membership and the community.

Program Success Examples:

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Impact Summary from the Nonprofit

For more than 46 years the Historic Wilmington Foundation (HWF) has worked to preserve and protect the historic architecture of Wilmington, North Carolina and the Lower Cape Fear region. HWF has worked with local government to promote wise planning and preservation strategies. The Foundation was established in 1966 by a group of citizens concerned about the demolition of Wilmington's historic resources. A revolving fund (the first of its kind in NC) was set up to enable the HWF to save historic properties by purchasing them, placing protective covenants on them, and selling them for rehabilitation. Over hundred properties have been directly saved by the HWF and hundreds more have been preserved because of the Foundation's influence. The Foundation also been successful in saving houses by moving them and rehabilitating them at a new location.
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