Nonprofit · EIN 83-2061229
FPTOWER INC
Tax-exempt (reinstated) · SOUTHPORT, NC 28461
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $256,355 | $223,028 | $33,327 | $110,420 | $7,006 | $103,414 |
| December 31, 2023 | 990 | $208,950 | $177,133 | $31,817 | $73,058 | $2,971 | $70,087 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $155,353
- Program service revenue
- $90,641
- Investment income
- $0
- Net income from fundraising events
- $4,385
- Other revenue
- $10,361
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $36,000
- Salaries, compensation and benefits (total)
- $39,068
- Professional fundraising fees
- $0
- Accounting fees
- $6,457
- Occupancy
- $2,263
- Travel
- $4,871
- Depreciation
- $15,456
- Program services (functional)
- $197,280
- Management and general (functional)
- $25,357
- Fundraising (functional)
- $391
Balance sheet and other
- Total assets, start of year
- $73,058
- Total assets, end of year
- $110,420
- Total liabilities, end of year
- $7,006
- Net assets, end of year
- $103,414
- Land, buildings and equipment
- $92,725
- Gross unrelated business income
- $5,976
- Gross receipts
- $261,350
- Employees
- 1
- Volunteers
- 123
- Year formed
- 2018
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Neal | Executive Director Trustee or director, Officer | 40 | $36,000 |
| David Kesler | Board Member Trustee or director | 1 | $0 |
| Matt Mansfield | Board Member Trustee or director | 1 | $0 |
| F Kenneth Nance III | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Neal | Executive Director Trustee or director | 40 | $37,440 |
| Jessica Ward | Board Member Officer | 1 | $0 |
| Bruce Chappell | Board Member Officer | 1 | $0 |
| Colonel Eric Boland | Board Member Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 609 N FODALE AVE, SOUTHPORT, NC 28461-3537
- In care of
- % RICHARD NEAL
- Mailing address (990-N for 2019)
- 15711 Clems Creek Ln, Charlotte NC 28277
- Principal officer (990 for 2024)
- Richard Neal, 4005 Watercraft Ferry Ave, Wilmington, NC 28412
- Principal officer (990-N for 2019)
- Richard Neal, 15711 Clems Creek Ln, Charlotte NC 28277
- Signed the 990
- Richard Neal, Executive Director
- Phone
- (704) 907-0399
- Website
- www.fptower.org
- Return prepared by
- EARNEY Accountants & Advisors PLLC
Mission
To restore, maintain, and repurpose the Frying Pan Tower to improve maritime safety, support ocean research and education, and protect marine life. The effort preserves a unique piece of American history while promoting conservation and public awareness.
Program accomplishments
- The organization is dedicated to restoring, maintaining, and repurposing The Frying Pan Tower, located off the coast of North Carolina. This historic structure serves multiple purposes: enhancing maritime safety in the Atlantic Ocean, supporting environmental research and educational initiatives, and providing shelter to a thriving marine ecosystem. Through ongoing restoration efforts, the organization preserves a unique piece of American history while promoting ocean conservation and public awareness.Expenses $197,280 · revenue $90,641
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-2061229
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A80)
- Assets (IRS master file)
- $110,420
- Income (IRS master file)
- $261,350
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective May 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $256,355 | $223,028 | $110,420 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $208,950 | $177,133 | $73,058 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-N for 2019 Officer: Richard Neal | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-2061229).
Questions about FPTOWER INC
- What is the EIN of FPTOWER INC?
- The employer identification number (EIN) of FPTOWER INC is 83-2061229.
- Is FPTOWER INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to FPTOWER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FPTOWER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FPTOWER INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FPTOWER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FPTOWER INC?
- The 990 for the year ended December 31, 2024 names Richard Neal.
- Who are the officers and directors of FPTOWER INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $36,000 (Richard Neal, Executive Director).
- How much revenue does FPTOWER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $256,355, expenses of $223,028 and total assets of $110,420 at year end.
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