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WRF Form 990
Return of Organization Exempt From Income Tax OMB No. 1545-0047 Form 990 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) 2023 Do not enter social security numbers on this form as it may be made public. Department of the Treasury Open to Public Internal Revenue service Go to www.irs.gov/Form990 for instructions and the latest information. Inspection A For the 2023 calendar year, or tax year beginning and ending B Check if C Name of organization D Employer identification number applicable: Addrchanesges Wilmington Realtors Foundation N nge Doing business as 5 8 -18 2 0 3 7 7 Initial return Number and street (or P.O. box if mail is not delivered to street address) Room/suite E Telephone number [--I;inaln 1826 Sir Tyler Drive, Ste. 100 (910) 256-3764 termin- ated City or town, state or province, country, and ZIP or foreign postal code G Cxoss receipts s 139,721 . E::]Amended return Wilmington, NC 28405 H(a) Is this a group return Applica- cion F Name and address of principal officer: Joann Wainio for subordinates? ... F X� No pending ' 1826 Sir Tyler Drive, Ste 100, Wilmington, N H(b)Areallsubodinatesincluded7"El Yes oNo I Tax-exempt status: M 501 c 3 501 c insert no. 4947 a 1 or 5271 If "No," attach a list. See instructions J website: N/A Wirl (Irnnn aYomntinn numhor K Form of organization: U Corporation 1 I Trust I ( Association I 1 Other 1 L Year of formation- 20101 M State of leoal domicile -NC 1 Briefly describe the organization's mission or most significant activities: Providing resources to create housing opportunities for a better quality of life in our community. d2 Check this box E�] if the organization discontinued its operations or disposed of more than 25% of its net assets. c3 Number of voting members of the governing body (Part VI, line 1 a) ........................................................... 3 8 0 4 Number of independent voting members of the governing body (Part VI, line 1 b) 4 8 ........ ......... _.. -- 5 Total number of individuals employed in calendar year 2023 (Part V, line 2a)5 0 ................................................ 6 Total number of volunteers (estimate if necessary) ............................... Q7 a Total unrelated business revenue from Part VIII, column (C), line 12 7a 0 . b Net unrelated business taxable income from Form 990-T Part I line 11 7b 0. Prior Year Current Year d 8 Contributions and grants (Part VIII, line 1h)............................................................... 67,965. 120,711. 0. 0. a9 Program service revenue (Part VIII, line 2g) y .. .......................... 10 Investment income (Part VIII, column (A), lines 3 4, and 7d) ..... „ ...... — 2 7 ,114 . 18,210. 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11 e) — 3 7 12 2 . - 5 6 14 0 . 12 Total revenue - add lines 8 through 11 must equal Part VIII, column (A), line 12 ......... 3,729. 82,781. 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3)................................. 0. 0. 0. 0. 14 Benefits paid to or for members (Part IX, column (A), line 4) .................................... d 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 0. _ 0. ......... 16a Professional fundraising fees (Part IX, column (A), line 11e).......................................... 0 . 0 . 0. X b Total fundraising expenses (Part IX, column (D), line 25) 0. 22,654. 56,770. w 17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24e)....................................... 18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) ..................... 22,654. 56,770. 19 Revenue less expenses. Subtract line 18 from line 12................................................ —18 , 9 2 5 . 26,011. o Beginning of Current Year End of Year Total ts art X, .................................................................................... 799,815. _ 820,326. a 20 Total liabilities t es (Part Xn1 line 26) 543,667. o' 22 Net assets or fund balances. Subtract line 21 from line 20.......................................... 256,148. ,. 282,159. r-arr, If I aiynawrc UwcR Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaratina.of Drenarer (other than officer) is based on all information of which oreoarer has anv knowledge. Sign Here Signature of officer 6/ - ' Janet Kane, CEO Date ' 1 Type or print name and title Paid Print/Type preparer's name an Skuce, CPA reparer's signature �yanSkuee, CPA 106/11/24 Date Check self -embed PTIN 00742864 Preparer Firm's name Earney & Company, L.L.P. Firm's EIN 5 6 —1719 8 3 9 Use Only Firm'saddress 710 Military Cutoff Road, Suite 250 Wilmington, NC 28405 Phone no.(910) 256-9995 May the IRS discuss this return with the preparer shown above? See instructions ................................................. ........ F-77 Yes L:J No LHA For Paperwork Reduction Act Notice, see the separate instructions. 332001 12-21-23 Form 990 (2023) Form 990 2023 Wilmington Realtors Foundation 58-1820377 Page 2 Part 111 Statement of Program Service Accomplishments Check if Schedule 0 contains a response or note to any line in this Part III.................................................................................... 1 Briefly describe the organization's mission: Providing resources to create housing opportunities for a better quality of life in our community. 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? ...., Yes � No .............................................................................................. .......................................... If "Yes," describe these new services on Schedule O. 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services? .................. [— FX No If "Yes," describe these changes on Schedule 0. 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if anv, for each orooram service reoorted. 4a (Code: ) (Expenses $ 5 5 , 2 0 4 . including grants of $ ) (Revenue $ ) THE FOUNDATION RAISED FUNDS AND DONATED TO VARIOUS CHARITABLE CAUSES RELATED TO THE FOUNDATION'S MISSION. THE GROWTH IN NET ASSETS WILL BE INVESTED FOR GROWTH AND USED TO SUPPORT FUTURE HOUSING -BASED COMMUNITY NEEDS. 4b (Code: ) (Expenses $ 4c (Code: ) (Expenses $ 4d Other program services (Describe on Schedule O.) including grants of $ including grants of $ ) (Revenue $ ) (Revenue $ (Expenses $ including grants of $ ) (Revenue $ 4e Total program service expenses 55,204. Form 990 (2023) 332002 12-21-23 Form990 2023 Wilmington Realtors Foundation 58-1820377 Pa e3 Part IV I Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If"Yes," complete Schedule A............................................................................................................................................. 1 X 2 X 2 Is the organization required to complete Schedule 8, Schedule of Contributors? See instructions ...................................... .. 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes, " complete Schedule C, Part I............................................................................................................ 3 X 4 Section 501(cX3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes, " complete Schedule C, Part ll................................................................................................... 4 X 5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98.19? If "Yes, " complete Schedule C, Part Ill ......................................................... 5 X 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes, " complete Schedule D, Part l 6 X 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures? If "Yes, " complete Schedule D, Part ll.......................................... 7 X 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete ScheduleD, Part ///............................................................................................................................................................ 8 X 9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If"Yes, " complete Schedule D, Part IV.............................................................................................................................. 9 X 10 Did the organization, directly or through a related organization, hold assets in donor -restricted endowments or in quasi -endowments? If "Yes, " complete Schedule D, Part V.......................................................................................... 10 X 11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable. a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete Schedule D, Part VI ........................................ 11 a X b Did the organization report an amount for investments - other securities in Part X, line 12, that is 5% or more of its total assets reported in Part X, line 16? If "yes," complete Schedule D, Part Vll........................................................................... 11b X c Did the organization report an amount for investments - program related in Part X, line 13, that is 5% or more of its total assets reported in Part X, line 16? If "Yes, " complete Schedule D, Part VIII........................................................................... 11c X d Did the organization report an amount for other assets in Part X, line 15, that is 5% or more of its total assets reported in Part X, line 16? If "Yes, " complete Schedule D, Part IX......................................................................................................... 11 d X 11e X e Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X .................. f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes, " complete Schedule D, Part X ............ 11f X 12a Did the organization obtain separate, independent audited financial statements for the tax year? if "Yes, " complete ScheduleD, Parts XI and XII................................................................................................................................................ 12a X b Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes, " and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XIl is optional ............... 12b X 13 Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes, " complete Schedule E 14a Did the organization maintain an office, employees, or agents outside of the United States? b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes, " complete Schedule F, Parts / and IV......................................................................................................... 14b X 15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If "yes," complete Schedule F, Parts // and IV.................................................................................... 15 X 16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If "Yes, " complete Schedule F, Parts /// and IV...................................................................... 17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part 1. See instructions 18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part Vlll, lines 1 c and 8a? If "Yes, " complete Schedule G, Part //............................................................................................................... 18 X 19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes, " completeSchedule G, Part ///............................................................................................................................................. 19 X 20a X 20a Did the organization operate one or more hospital facilities? If "Yes, " complete Schedule H................................................... 20b b If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? .............................. 21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? / " " complete ScheduleI and I/ 332003 12-21-23 Form 990 (2023) Form 990 2023 Wilmington Realtors Foundation 58-1820377 Page 4 Part IV I Checklist of Required Schedules continued Yes No 22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? /f "Yes," complete Schedule 1, Parts I and ///................................................ 23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete ScheduleJ........................................................................................................................................................................ 23 X 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If "Yes, " answer lines 24b through 24d and complete ScheduleK. If "No " go to line 25a....................................................................................................................................... 24a X 24b b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? ................................. c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease anytax-exempt bonds?................................................................................................................................................... 24c 24d d Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? ................................. 25a Section 501(cK3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ................................................ 25a X b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? If "Yes, " complete ScheduleL, Part I............................................................................................................................................................ 25b X 26 Did the organization report any amount on Part X, line 5 or 22, for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes, " complete Schedule L, Part 11....................................... 26 X 27 Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons? If "Yes, " complete Schedule L, Part 111 ......... 27 X 28 Was the organization a party to a business transaction with one of the following parties? (See the Schedule L, Part IV, instructions for applicable filing thresholds, conditions, and exceptions): a A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes, " complete Schedule L, Part IV.................................................................................................................................... 28a X 28b X b A family member of any individual described in line 28a? If "Yes, " complete Schedule L, Part IV. . ..................................... c A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? /f "Yes, " complete Schedule L, Part IV.................................................................................................................................... 28c X 29 X 29 Did the organization receive more than $25,000 in noncash contributions? If "yes," complete Schedule M ........................... 30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M..................................................................................................................... 30 X 31 X 31 Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes, " complete Schedule N, Part I .................. 32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes, " complete ScheduleN, Part ll............................................................................................................................................................ 32 X 33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701.3? if "Yes, "complete Schedule R, Part 1........................................................................ 33 X 34 Was the organization related to any tax-exempt or taxable entity? If "Yes, " complete Schedule R, Part 1/, 1/1, or IV, and PartV, line 1.......................................................................................................................................................... 34 X 35a X 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)?...................................................... b If "Yes" to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes, " complete Schedule R, Part V, line 2......................................................... 35b 36 Section 501(cX3) organizations. Did the organization make any transfers to an exempt non -charitable related organization? If"Yes, " complete Schedule R, Part V, line 2........................................................................................................................ 36 X 37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes, " complete Schedule R, Part VI ........................ 37 X 38 Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11 b and 19? Note: All Form 990 filers are required to complete Schedule O............................................................................................. 1 38 1 X Part V Statements Regarding Other IRS Filings and Tax Compliance Check if Schedule O contains a response or note to any line in this Part V F-1 la Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ................................. 1a 0 b Enter the number of Forms W-2G included on line 1 a. Enter -0- if not applicable .............................. 1b 0 c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming 332004 12-21-23 Form 990 (2023) Form 990 2023 Wilmington Realtors Foundation 58-1820377 Page 5 Part V I Statements Regarding Other IRS Filings and Tax Compliance continued Yes No 2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return ..............................2a 0 b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? 3a X 3a Did the organization have unrelated business gross income of $1,000 or more during the year? ........................................ 3b b If "Yes," has it filed a Form 990-T for this year? If "No" to line 3b, provide an explanation on Schedule O .............................. 4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..................... 4a X b If "Yes," enter the name of the foreign country See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? .................................... 5a X 5b X b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? ........................... 5c c If "Yes" to line 5a or 5b, did the organization file Form 8886-T? ..................................... 6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ......................................................................... 6a X b If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts werenot tax deductible? ................. ........................................................................................................................... 6b 7 Organizations that may receive deductible contributions under section 170(c). a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? 7a X b If "Yes," did the organization notify the donor of the value of the goods or services provided? ............................................. 7b c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required tofile Form 8282?............................................................................................................................................................ 7c X d If "Yes," indicate the number of Forms 8282 filed during the year ............................................... I 7d e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? 7f f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ........................... 7 g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ... 7h In If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? 8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ....................................................... 8 9 Sponsoring organizations maintaining donor advised funds. a Did the sponsoring organization make any taxable distributions under section 4966?...... ................................................... 9a 9b b Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? ........ ......... ............. 10 Section 501(c)(7) organizations. Enter: a Initiation fees and capital contributions included on Part VIII, line 12............................................ 10a b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities .......... .... 10b 11 Section 501(c)(12) organizations. Enter: a Gross income from members or shareholders 11a .......................................................................... b Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ........ ..................................................... ....................... . 11b 12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041? 12a b If "Yes," enter the amount of tax-exempt interest received or accrued during the year .................. 12b 13 Section 501(cK29) qualified nonprofit health insurance issuers. 13a a Is the organization licensed to issue qualified health plans in more than one state? .......................................... ............... . Note: See the instructions for additional information the organization must report on Schedule O. b Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.................................................................. 13b c Enter the amount of reserves on hand 13c 14a X 14a Did the organization receive any payments for indoor tanning services during the tax year? ............................................... 14b b If "Yes," has it filed a Form 720 to report these payments? If "No, " provide an explanation on Schedule O ........................... 15 Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year?..................................................................................................................... 15 X If "Yes," see the instructions and file Form 4720, Schedule N. 16 Is the organization an educational institution subject to the section 4968 excise tax on net investment income? 16 X If "Yes," complete Form 4720, Schedule O. 17 Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952 or 4953?............................................. 17 If "Yes," complete Form 6069. 332005 12-21-23 Form 990 (2023) Form 990 2023 Wilmington Realtors Foundation 58-1820377 Pa e6 Part Vl Governance, Management, and Disclosure. Foreach "Yes" response to lines 2 through 7b below, and fora "No" response to line 8a, 8b, or 10b below, describe the circumstances, processes, or changes on Schedule O. See instructions. Check if Schedule O contains a response or note to any line in this Part A............................................................................... 1 XI Section A. Governing Body and Management Yes No 1a Enter the number of voting members of the governing body at the end of the tax year .................. is 8 If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain on Schedule 0. b Enter the number of voting members included on line 1 a, above, who are independent ................. 1b 8 2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee?........................................................................................................................ 2 1 X 3 Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors, trustees, or key employees to a management company or other person? ..................................... 3 X 4 X 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ............... 5 X 5 Did the organization become aware during the year of a significant diversion of the organization's assets? ........................... 6 X 6 Did the organization have members or stockholders? ....................................................................................................... 7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body?.............................................................................................................................. 7a X b Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body?........................................................................................................................... 7b X 8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following: aThe governing body?......................................................................................................................................................... 8a X 8b X b Each committee with authority to act on behalf of the governing body?.............................................................................. 9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization's mailing address? If 'yes," provide the names and addresses on Schedule 0 ......... Section B. Policies Ois Section B reguests information about aolicies not reouired by the Internal Revenue Code.) Yes No 10a X 10a Did the organization have local chapters, branches, or affiliates?.......................................................................................... b If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? ....................................... 10b 11a X 11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? b Describe on Schedule O the process, if any, used by the organization to review this Form 990, 12a Did the organization have a written conflict of interest policy? If "No, " go to line 13............................................................... 12a X 12b X b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? .................. c Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done....................................................................................................................................... 12c X 13 X 13 Did the organization have a written whistleblower policy?................................................................................................... 14 X 14 Did the organization have a written document retention and destruction policy?.................................................................. 15 Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? a The organization's CEO, Executive Director, or top management official.............................................................................. 15a X 15b X b Other officers or key employees of the organization .......... ........................ ....................... ....................... If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions. 16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxableentity during the year?.......................................................................................................................................... 16a X b If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization's exempt status with respect to such arrangements? ............................................................................................................ 16b Section C. Disclosure 17 List the states with which a copy of this Form 990 is required to be filed NC 18 Section 6104 requires an organization to make its Forms 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply. XX Own website = Another's website FX Upon request 0 Other (explain on Schedule O) 19 Describe on Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year. 20 State the name, address, and telephone number of the person who possesses the organization's books and records CAPE FEAR REALTORS - 910-762-7400 1826 Sir Tyler Drive, Ste 100, WILMINGTON, NC 28405 332006 12-21-23 Form 990 (2023) Form990 2023 Wilmington Realtors Foundation 58-1820377 Pa e7 Part VII I Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check if Schedule O contains a response or note to any line in this Part VII......................................... ...... ED Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees 1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization's tax year. • List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid. • List all of the organization's current key employees, if any. See the instructions for definition of "key employee." • List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations. • List all of the organization's former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations. • List all of the organization's former directors or trustees that received, in the capacity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations. See the instructions for the order in which to list the persons above. n Check this box if neither the oraanization nor anv related organization compensated anv current officer. director_ or trustee. (A) Name and title (B) Average hours per week (list any hours for related organizations below line) (C) Position (do not check more than one box, unless person is both an officer and a director/trustee) (D) Reportable compensation from organization (W-2/1099-MISC/ 1099-NEC) (E) Reportable compensation from related organizations (W-2/1099-MISC/ 1099-NEC) (F) Estimated amount of other compensation from the organization and related organizations isthe 46 _ - - a E2V5 o E - e (1) JOANN WAINIO RF PRESIDENT 1.00 X X 0. 0. 0. (2) DAVID FLORY VICE PRESIDENT 1.00 X X 0. 0. 0. (3) BRITTANY ALLEN DIRECTOR 1.00 X 0 . 0 . 0 (4) PAULA FEREBEE DIRECTOR 1.00 X 0. 0 . 0 (5) JENNIFER COXE DIRECTOR 1.00 X 0. 0 . 0 (6) TOM GALE DIRECTOR 1.00 X1 I I I 1 0. 0 , 0 . (7) SHERRI PICKARD DIRECTOR 1.00 X 0. 0. 0. (8) MARJORIE ULCICKAS DIRECTOR 1.00 X 0. 0. 0. 332007 12-21-23 Form 990 (2023) Form990(2023) Wilmington Realtors Foundation 58-1820377 Page Part VII Oection A. vtncers Directors i rustees (A) Name and title Key t rn (B) Average g hours per week (list any hours for related organizations below line) to ees ana rni nest com (C) Position (do not check more than one box, unless person is both an officer and a director/trustee) ensatea tm o ees (D) Reportable compensation from the organization (W-2/1099-MISC/ 1099•NEC) (E) Reportable compensation from related organizations (W-2/1099•MISC/ 1099-NEC) (F) Estimated amount of other compensation from the organization and related organizations - _ _ - s E _ a i b Subtotal...................................................................................................... c Total from continuation sheets to Part VII, Section A ................................. dTotal add lines 1b and 1c.................................................................. ...... 0. 0. 0. 0. 0. 0. 0.1 0.1 0. 2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 0 Yes No 3 Did the organization list any former officer, director, trustee, key employee, or highest compensated employee on line la? If "Yes, " complete Schedule J for such individual................................................................................................... 3 X 4 For any individual listed on line 1 a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J forsuch individual ....................................... 4 X 5 Did any person listed on line 1 a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? ........................................................................ 5 X Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization's tax year. (A) Name and business address NONE (B) Description of services (C) Compensation 2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0 Form 990 (2023) 332008 12-21-23 Form990 2023 Wilmington Realtors Foundation 58-1820377 page 9 Part VI11 I Statement of Revenue Check if Schedule O contains a response or note to anv line in this Part Vill n (A) ........................... (B) ....................... M (D) Total revenue Related or exempt Unrelated Revenue excluded function revenue business revenue from tax under sections 512 - 514 1 a Federated campaigns ............... 1a c ° b MembP ershi dues 1b c Fundraising events is a ................... d Related organizations Ild ui a Government grants (contributions) le o f All other contributions, gifts, grants, and a. 'Q similar amounts not included above ... 1f 120,7 C9 Noncash contributions included in lines to-1f 1 $ ° al h Total. Add lines 1 a-1 f .............................................. .. 120,711. Business Code 0 2a b d t� c m d 67 0 e a. f All other program service revenue .............. Total. Add lines 2a-2f ....... ............... . 3 Investment income (including dividends, interest, and other similar amounts) ............................................. ...... 18,210. 18,210. 4 Income from investment of tax-exempt bond proceeds 5 Royalties........................................................................... (i) Real (ii) Personal 6 a Gross rents 6a b Less: rental expenses ... 6b c Rental income or (loss) 6c d Net rental income or Goss) ................................................... 7 a Gross amount from sales of (i) Securities (ii) Other assets other than inventory 7a b Less: cost or other basis and sales expenses ...._..., 7b c Gain or (loss) .... ..._..... 7c Cr d Net gain or (loss)............................................................... 8 a Gross income from fundraising events (not p including $ of contributions reported on line 1c). See Part IV, line 18............................_..... 8a 800. b Less: direct expenses ........ _.............. 8b 56,940. c Net income or poss) from fundraising events ................... — 5 6 , 14 0 . — 5 6 ,14 0 . 9 a Gross income from gaming activities. See Part IV, line 19.................................. 9a b Less: direct expenses .... . ................. 9b c Net income or (loss) from gaming activities ........................ 10 a Gross sales of inventory, less returns and allowances .................................... 10 b Less: cost of goods sold .................... 10 c Net income or loss from sales of invento ........................ Business Code N Z 0 11 a b ° c R '00 u c d All other revenue ....................................... e Total. Add lines 11a-11d................................................... 12 Total revenue. See instructions ............................................. 1 82,781.1 18 , 210 . 0.1 — 5 6 , 14 0 . 332009 12-21-23 Form 990 (2023) Form990 2023 Wilmington Realtors Foundation 58-1820377 Pa e10 Part IX I statement of FunctionalExpenses Section 501(c)(3) and 501(c)(4) organizations must complete all columns All other organizations must complete column (A) Check if Schedule O contains a rpsnonsp or nntp to nnv ling in this Part Ix �1 Do not include amounts reported on lines 6b, 7b, Sb, 96, and lOb of Part Vll/. (A) Total expenses .................................................................. (B) Program service expenses (C) Management and eneral expenses (D) Fundraising expenses 1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ... 2 Grants and other assistance to domestic individuals. See Part IV, line 22 .................... 3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 4 Benefits paid to or for members ................... 5 Compensation of current officers, directors, trustees, and key employees ....................... 6 Compensation not included above to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) 7 Other salaries and wages ................. . 8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) 9 Other employee benefits .............................. 10 Payroll taxes ................................................ 11 Fees for services (nonemployees): a Management ................................................ bLegal ...................................................... ... c Accounting ................................................... dLobbying...................................................... e Professional fundraising services. See Part IV, line 17 f Investment management fees ................ g Other. (If line 11g amount exceeds 10% of line 25, column (A), amount, list line 11g expenses on Sch 0.) 12 Advertising and promotion ........................... 13 Office expenses ................. ............. ....... 14 Information technology .......... 15 Royalties ...................................................... 16 Occupancy ........... ........................... I............ 17 Travel......................................................... 18 Payments of travel or entertainment expenses for any federal, state, or local public officials ... 19 Conferences, conventions, and meetings ...... 20 Interest...................................................... 21 Payments to affiliates .................................... 22 Depreciation, depletion, and amortization ...... 23 Insurance .................................................. 24 Other expenses. Itemize expenses not covered above. (List miscellaneous expenses on line 24e. If line 24e amount exceeds 10% of line 25, column (A), amount, list line 24e expenses on Schedule 0.) a Meeting Expense b Contract services c d e All other expenses 25 Total functional expenses. Add lines 1 through 24e 4,060. 4,060. 4,213. 4,213. 44,399. 44,399. 1,357. 1,357. 1,566. 1,566. 1,115. 1,115. 60. 60. 56,770. 55,204. 1,566. 0. 26 Joint casts. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here =if following SOP 98-2 (ASC 958-720) 332010 12-21-23 Form 990 (2023) lmington Realtors Foundation 58-1820377 Pagell Check if Schedule n rnntnins a recnnnse nr nnte to nnv line in thie Part Y 7 1 __._.. ......................................................... (A) (B) Beginning of year End of year 1 Cash -non-interest-bearing......................................... 11 ............................. 67,683. 1 37,012. 154,399. 2 172,595. 2 Savings and temporary cash investments.................................................... 3 3 Pledges and grants receivable, net ............................. ........ .................... 4 Accounts receivable, net.............................................................................. 2 5 . 4 5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons ........................... 5 6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ..... 6 7 a Q 7 Notes and loans receivable, net .............................. 8 Inventories for sale or use ............................................... 9 Prepaid expenses and deferred charges ...................................................... 8 9 10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D ......... 10a 158,790. b Less: accumulated depreciation .......... .. ....„ 10b 10,178 . 149,969. 10c 148,612. 11 11 Investments -publicly traded securities........................................................ 12 12 Investments - other securities. See Part IV, line 11 .... .._......_. ........................... 13 13 Investments - program -related. See Part IV, line 11..................................... 14 14 Intangible assets..........._........................................................._.................. 427,739. 15 462,107. 15 Other assets. See Part IV, line 11........................................................... ..... 7991815. 16 820,326. 16 Total assets. Add lines 1 through 15 must equal line 33 17 Accounts payable and accrued expenses...................................................... 8,667. 17 7,087. 18 18 Grants payable ...................................................... ........................... 19 19 Deferred revenue.......................................................................................... 20 20 Tax-exempt bond liabilities........................................................................... 21 21 Escrow or custodial account liability. Complete Part IV of Schedule D .......... y m 22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% -I controlled entity or family member of any of these persons ........................... 23 Secured mortgages and notes payable to unrelated third parties .................. 22 23 535,000. 24 531,680. 24 Unsecured notes and loans payable to unrelated third parties ...................... .. 25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D ..................................................................................... 25 5 4 3 6 6 7 . 26 538,167. 26 Total liabilities. Add lines 17 through 25...................................................... Organizations that follow FASB ASC 958, check here FXI uand R27 m28 LL complete lines 27, 28, 32, and 33. Net assets without donor restrictions............................................................ Net assets with donor restrictions . ......... ......... ...... ... .................. Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33. 222,750. 27 1 249,211. 33,398. 28 32,948. 1 ° r a 29 Capital stock or trust principal, or current funds 30 Paid -in or capital surplus, or land, building, or equipment fund ........................ 31 Retained earnings, endowment, accumulated income, or other funds ............ 30 31 d32 z Total net assets or fund balances................................................................. 33 Total liabilities and net assets/fund balances ................................................ 256,148. 32 282,159. 7991815. 33 820,326. Form 990 (2023) 332011 12-21-23 Form 990 2023 Wilmington Realtors Foundation 58-1820377 Pa e12 Part XI Reconciliation of Net Assets Check if Schedule O contains a response or note to any line in this Part XI.................................................................................... Li 1 Total revenue (must equal Part VIII, column (A), line 12)................................................. ... ...................... 1 82,781. 2 Total expenses (must equal Part IX, column (A), line 25)........................................................... ......... 2 56,770. 3 Revenue less expenses. Subtract line 2 from line 1 ..................... . 3 26,011. 4 Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ......... ................ 4 256,148. 5 Net unrealized gains (losses) on investments..................................................... . 6 6 Donated services and use of facilities......................................................................................................... 7 7 Investment expenses................................................................................................................................. 8 Prior period adjustments 9 0. 9 Other changes in net assets or fund balances (explain on Schedule O) ............................. . . 10 Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, columne................................................... .................................................................... ............... 10 282,159. Part X111 Financial Statements and Reporting Check if Schedule O contains a response or note to any line in this Part XII................................................................................. 0 Yes No 1 Accounting method used to prepare the Form 990: XO Cash E:1 Accrual [�:] Other If the organization changed its method of accounting from a prior year or checked "Other," explain on Schedule O. 2a Were the organization's financial statements compiled or reviewed by an independent accountant? .................................... 2a X If "Yes," check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both: Separate basis F-1 Consolidated basis El Both consolidated and separate basis b Were the organization's financial statements audited by an independent accountant? If "Yes," check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both: Separate basis X� Consolidated basis Both consolidated and separate basis c If "Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? ............................................. 2c X If the organization changed either its oversight process or selection process during the tax year, explain on Schedule O. 3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?............................................................................................................... 3a X b If "Yes," did the organization undergo the required auditor audits? If the organization did not undergo the required audit or audits, explain why on Schedule O and describe any steps taken to undergo such audits ................................................ 3b Form 990 (2023) 332012 12-21-23 SCHEDULE A OMB No. 1545-0047 (Form 990) Public Charity Status and Public Support 2�23 Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust. Department of the Treasury Attach to Form 990 or Form 990-EZ. Open to Public Internal Revenue Service Go to www.irs.gov/Form990 for instructions and the latest information. Inspection Name of the organization Employer identification number Wilmington Realtors Foundation 1 58-1820377 Fart 1 I Reason for Publlc Charity Status. (All organizations must complete this part.) See instructions. The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.) 1 E] A church, convention of churches, or association of churches described in section 170(b)(1j(A)(i). 2 E:1 A school described in section 170(b)(1j(A)(ii). (Attach Schedule E (Form 990).) 3 A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii). 4 0 A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state: 5 An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1HA)(iv). (Complete Part II.) 6 A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v). 7 An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part 11.) 8 0 A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.) 9 0 An agricultural research organization described in section 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non -land-grant college of agriculture (see instructions). Enter the name, city, and state of the college or university: 10 X] An organization that normally receives (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions, subject to certain exceptions; and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(aj(2). (Complete Part 111.) 11 0 An organization organized and operated exclusively to test for public safety. See section 509(aj(4). 12 0 An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(aj(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g. a Type 1. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B. b Type H. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C. c 0 Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, Or and E. d E__1 Type III non -functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V. e Check this box if the organization received a written determination from the IRS that it is a Type 1, Type 11, Type III functionally integrated, or Type III non -functionally integrated supporting organization. f Enter the number of supported organizations ..................................................................... g Provide the following information about the supported organization(s). (i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1.10 (d above see instructions (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions) Yes No Total LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. 332021 12-21-23 Schedule A (Form 990) 2023 Schedule A (Form 990) 2023 Wilmington Realtors Foundation 58-1820377 Page2 Part 11 Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.) Section A. Public Support Calendar year (or fiscal year beginning in) a 2019 b 2020 c 2021 d 2022 e 2023 f Total 1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") 2 Tax revenues levied for the organ- ization's benefit and either paid to or expended on its behalf ............ 3 The value of services or facilities furnished by a governmental unit to the organization without charge 4 Total. Add lines 1 through 3 ......... 5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ....... .......................... 6 Public support, Subtract line 5 from line 4. Section B. Total Support Calendar year (or fiscal year beginning in) a 2019 b 2020 c 2021 d 2022 a 2023 f Total 7 Amounts from line 4 ..................... 8 Gross income from interest, dividends, payments received on securities loans, rents, royalties, and income from similar sources 9 Net income from unrelated business activities, whether or not the business is regularly carried on 10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ............ 11 Total support. Add lines 7 through 10 12 Gross receipts from related activities, etc. (see instructions).................................................................... 12 13 First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) of Public 14 Public support percentage for 2023 (line 6, column (f), divided byline 11, column (0)................................. 1 14 % 15 Public support percentage from 2022 Schedule A, Part 11, line 14............................................................... 1 15 % 16a 33 1/3% support test - 2023. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box and stop here. The organization qualifies as a publicly supported organization ................................................................................................ b 33 1/31/6 support test - 2022. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this box and stop here. The organization qualifies as a publicly supported organization 0 ........................................................................................... 17a 10% -facts-and-circumstances test - 2023. If the organization did not check a box online 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the facts -and -circumstances test, check this box and stop here. Explain in Part VI how the organization meets the facts -and -circumstances test. The organization qualifies as a publicly supported organization ................................................... b 10% -facts-and-circumstances test - 2022. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the facts -and -circumstances test, check this box and stop here. Explain in Part VI how the organization meets the facts -and -circumstances test. The organization qualifies as a publicly supported organization 0 ................................. 18 Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see instructions ............... L Schedule A (Form 990) 2023 332022 12-21-23 Schedule (Form 990) 2023 Wilmington Realtors Foundation 58-1820377 Pa e3 Part III I Support Schedule for Organizations Described in Section 509 a 2 (Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part 11.) Section A. Public Support Calendar year (or fiscal year beginning in) a 2019 b 2020 c 2021 d 2022 a 2023 f Total 1 Gifts, grants, contributions, and membership fees received. (Do not include any"unusual grants.") . 53,067. 51,537. 65,521. 67,530. 120,384. 358,039. 2 Gross receipts from admissions, merchandise sold or services per- formed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose 91,330. 31,330. 21,235. 1,810. 1,127. 146,832. 3 Gross receipts from activities that are not an unrelated trade or bus- iness under section 513 ............... 4 Tax revenues levied for the organ- ization's benefit and either paid to or expended on its behalf ............ 5 The value of services or facilities furnished by a govemmental unit to the organization without charge 144,397. 82,867. 86,756. 69,340. 121,511. 504,871. 6 Total. Add lines 1 through 5 .... _.... .. 7a Amounts included on lines 1, 2, and 3 received from disqualified persons 0. b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year .................. 0. c Add lines 7a and 7b 0. 8 Public support. Subtract line 7c from line 6.1 504,871. Section B. Total Support Calendar year (or fiscal year beginning in) a 2019 b 2020 c 2021 d 2022 e 2023 Total 144,397. 82,867. 86,756. 69,340. 121,511. 504,871. 9 Amounts from line 6..................... 10a Gross income from interest, dividends, payments received on securities loans, rents, royalties, and income from similar sources ... 9,439. 10,464. 18,210. 38,113. b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 ............ c Add lines 10a and 10b .................. 9,439. 10,464. 18,210. 38,113. 11 Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on 12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) . 13 Total support. (Add lines 9,10c,11,and 12.) 1 144,397.1 92,306.1 97,220.1 69,340. 139,721. 542,984. 14 First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, checkthis box and stop here............................................................................................................................................................ 0 Section C. Computation of Public Support Percentage 15 Public support percentage for 2023 (line 8, column (f), divided byline 13, column (0)................................. 1151 92.98 % of Investment Income 17 Investment income percentage for 2023 Qine 10c, column (0, divided by line 13, column (f)) ........................ 117 1 7.02 % 18 Investment income percentage from 2022 Schedule A, Part III, line 17...................................................... 1181 3.77 % 19a 33 1/3% support tests - 2023. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization FX .................................... b 33 1/3% support tests - 2022. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3%, and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .................. 20 Private foundation. If the organization did not check a box on line 14. 19a. or 19b. check this box and see instructions _________ n 332023 12-21-23 Schedule A (Form 990) 2023 Schedule (Form 990) 2023 Wilmin ton Realtors Foundation 58-1820377 Pa e4 Tart IV I Supporting Organizations (Complete only if you checked a box on line 12 of Part I. If you checked box 12a, Part I, complete Sections A and B. If you checked box 12b, Part I, complete Sections A and C. If you checked box 12c, Part 1, complete Sections A, D, and E. If you checked box 12d, Part I, complete Sections A and D and complete Part V.) Section A. All Supporting Organizations Yes No 1 Are all of the organization's supported organizations listed by name in the organization's governing documents? If "No, " describe in Part VI how the supported organizations are designated. If designated by class or purpose, describe the designation. If historic and continuing relationship, explain. 1 2 Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2). 2 3a Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes, " answer lines 3b and 3c below. 3a b Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes, " describe in Part VI when and how the organization made the determination. 3b c Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes, " explain in Part VI what controls the organization put in place to ensure such use. 3c 4a Was any supported organization not organized in the United States ("foreign supported organization")? If "Yes, " and if you checked box 12a or 12b in Part i, answer lines 4b and 4c below. 4a b Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If "Yes," describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations. 4b c Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If "Yes, " explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes. 4c 5a Did the organization add, substitute, or remove any supported organizations during the tax year? If "Yes, " answer lines 5b and 5c below (If applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (1i) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (1y) how the action was accomplished (such as by amendment to the organizing document). 5a b Type I or Type 11 only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document? 5b 5c c Substitutions only. Was the substitution the result of an event beyond the organization's control? 6 Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (fl) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization's supported organizations? If "Yes, " provide detail in Part VI. 6 7 Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (as defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If "Yes," complete Part I of Schedule L (Form 990). 7 8 Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If "Yes, " complete Part I of Schedule L (Form 990). 8 9a Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? if "Yes," provide detail in Part VI. 9a b Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If "yes,,' provide detail in Part Vi. 9b c Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If "Yes," provide detail in Part VI. 9c 10a Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non -functionally integrated supporting organizations)? if "Yes, " answer line 10b below. 10a b Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the oroanization had excess business holdinas.) 10b 332024 12-21-23 Schedule A (Form 990) 2023 3cheduleA (Form 990) 2023 Wilmington Realtors Foundation 58-1820377 Pa e5 Part IV I Supporting Organizations continued Yes No 11 Has the organization accepted a gift or contribution from any of the following persons? a A person who directly or indirectly controls, either alone or together with persons described on lines 11 b and 11c below, the governing body of a supported organization? 11a b A family member of a person described on line 11 a above? 11b c A 35% controlled entity of a person described on line 11 a or 11 b above? If "Yes" to line 11 a, 11 b, or 11 c, provide detail in Part VI. 11c Yes I No 1 Did the governing body, members of the governing body, officers acting in their official capacity, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization's officers, directors, or trustees at all times during the tax year? If "No, " describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization's activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove officers, directors, or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year. 1 2 Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If "yes," explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, su,Qervised. or controlled the supporting organization,2 Yes No 1 Were a majority of the organization's directors or trustees during the tax year also a majority of the directors or trustees of each of the organization's supported organization(s)? If "No, " describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed 1 section D. All Type III Supporting Organizations Yes No 1 Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization's tax year, @ a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization's governing documents in effect on the date of notification, to the extent not previously provided? 1 2 Were any of the organization's officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No,'- explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s). 2 3 By reason of the relationship described on line 2, above, did the organization's supported organizations have a significant voice in the organization's investment policies and in directing the use of the organization's income or assets at all times during the tax year? if "Yes," describe in Part VI the role the organization's supported oraanizations played in this reaard. 1 3 ection E. Type III Functionally Integrated Supporting Organizations 1 Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions). a 0 The organization satisfied the Activities Test. Complete line 2 below. b 0 The organization is the parent of each of its supported organizations. Complete line 3 below. c 0 The organization supported a governmental entity. Describe in Part VI how you supported a governmental entity (see instructions---- 2 Activities Test. Answer lines 2a and 2b below. Yel s I N. a Did substantially all of the organization's activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities. b Did the activities described on line 2a, above, constitute activities that, but for the organization's involvement, one or more of the organization's supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization's position that its supported organization(s) would have engaged in these activities but for the organization's involvement. 3 Parent of Supported Organizations. Answer lines 3a and 3b below. a Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? If "Yes" or "No" provide details in Part VI. b Did the organization exercise a substantial degree of direction over the policies, programs, and activities of each Of its su000rted oroanizations? of ,,v— .a— m— i., Part VI fh. —i. i. 4 h„ rr,e ;, f;,;� .n, 4 332025 12-21-23 Schedule A (Form 990) 2023 ton Realtors Foundation 58-18 1 " Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 ( explain in Part VI). See instructions. All other Tvne III non -functionally intpnratpri si innnrtinn mmnni7ntinnc mi ict emmnlata Cactinnc A thr- inh F Section A - Adjusted Net Income (A) Prior Year (B) Current Year (optional) 1 Net short-term capital gain 1 2 Recoveries of prior -year distributions 2 3 Other gross income see instructions 3 4 Add lines 1 through 3. 4 5 Depreciation and depletion 5 6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income see instructions 6 7 Other expenses see instructions 7 8 Adjusted Net Income subtract lines 5, 6 and 7 from line 4 8 Section B - Minimum Asset Amount (A) Prior Year (B) Current Year (optional) 1 Aggregate fair market value of all non -exempt -use assets (see instructions for short tax year or assets held for part of year): a Average monthly value of securities 1a b Average monthly cash balances 1b c Fair market value of other non -exempt -use assets 1c d Total add lines 1a 1b and 1c 1d e Discount claimed for blockage or other factors (explain in detail in Part VI): 2 Acquisition indebtedness applicable to non -exempt -use assets 2 3 Subtract line 2 from line 1 d. 3 4 Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). 4 5 Net value of non -exempt -use assets subtract line 4 from line 3 5 6 Multiply line 5 by 0.035. 6 7 Recoveries of prior -year distributions 7 8 Minimum Asset Amount add line 7 to line 6 8 Section C - Distributable Amount Current Year 1 Adjusted net income for prior year from Section A line $ column A 1 2 Enter 0.85 of line 1. 2 3 Minimum asset amount for prior year from Section B line 8 column A 3 4 Enter greater of line 2 or line 3. 4 5 Income tax imposed in prior year 5 6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction see instructions). 6 7 L_J Check here if the current year is the organization's first as a non -functionally integrated Type III supporting organization (see instructions). Schedule A (Form 990) 2023 332026 12-21-23 Schedule Form990 2023 Wilmington Realtors Foundation 58-1820377 Pa e7 Part Y I Type III Non -Functionally Integrated 509(a)(3) Supporting Organizations (rontinued) Section D - Distributions Current Year 1 Amounts paid to supported organizations to accomplish exempt purposes 1 2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity 2 3 Administrative expenses paid to accomplish exempt purposes of supported organizations 3 4 Amounts paid to acquire exempt -use assets 4 5 Qualified set -aside amounts(prior IRS approval required - provide details in Part VI 5 6 Other distributions in Part VI). See instructions. 6 7 Total annual distributions. Add lines 1 through 6. 7 8 Distributions to attentive supported organizations to which the organization is responsive (Qrovide details in Part VI). See instructions. 8 9 Distributable amount for 2023 from Section C line 6 9 10 Line 8 amount divided by line 9 amount 10 Section E - Distribution Allocations (see instructions) (i) Excess Distributions Underdistributions Pre-2023 Distributable Amount for 2023 1 Distributable amount for 2023 from Section C line 6 2 Underdistributions, if any, for years prior to 2023 (reason- able cause required - explain in Part VI). See instructions. 3 Excess distributions carryover, if any,to 2023 a From 2018 b From 2019 c From 2020 d From 2021 e From 2022 f Total of lines 3a through 3e Tied to underdistributions of prior years h Applied to 2023 distributable amount i Carryover from 2018 not applied see instructions . Remainder. Subtract lines 3 , 3h and 3i from line 3f. 4 Distributions for 2023 from Section D, line 7: $ a Applied to underdistributions of prior years b Applied to 2023 distributable amount c Remainder. Subtract lines 4a and 4b from line 4. 5 Remaining underdistributions for years prior to 2023, if any. Subtract lines 3g and 4a from line 2. For result greater than zero Part VI. See instructions. 6 Remaining underdistributions for 2023. Subtract lines 3h and 4b from line 1. For result greater than zero, explain in Part VI. See instructions. 7 Excess distributions carryover to 2024. Add lines 3j and 4c. 8 Breakdown of line 7: a Excess from 2019 b Excess from 2020 c Excess from 2021 d Excess from 2022 e Excess from 2023 Schedule A (Form 990) 2023 332027 12-21-23 Schedule A (Form 990) 2023 Wilmington Realtors Foundation 58-1820377 Page8 Part A Supplemental Information. Provide the explanations required by Part 11, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11 a, 11 b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1 c, 2a, 2b, 3a, and 3b; Part V, line 1; Part V, Section B, line 1 e; Part V, Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions.) 332028 12-21-23 Schedule A (Form 990) 2023 Schedule B Schedule of Contributors OMB No. 1545-0047 _ (Form 990) Department of the Treasury Internal Revenue Service Name of the organization Attach to Form 990, 990-EZ, or 990-PF. Go to www.irs.gov/Form990 for the latest information. Wilminaton Realtors Foundation Organization type (check one): Filers of: Section. Form 990 or 990-EZ X7 501(c)( 3 ) (enter number) organization 4947(a)(1) nonexempt charitable trust not treated as a private foundation 527 political organization Form 990-PF = 501(c)(3) exempt private foundation 4947(a)(1) nonexempt charitable trust treated as a private foundation 501(c)(3) taxable private foundation 2023 Employer identification number 58-1820377 Check if your organization is covered by the General Rule or a Special Rule. Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions. General Rule OX For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions. Special Rules For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33 1/3% support test of the regulations under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990), Part 11, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000; or (2) 2% of the amount on (i) Form 990, Part VIII, line 1 h; or (ii) Form 990-EZ, line 1. Complete Parts I and II. 0 For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor, during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I (entering "N/A" in column (b) instead of the contributor name and address), 11, and III. U For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor, during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ................................................... $ Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990), but it must answer "No" on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ or on its Form 990-PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990). For Paperwork Reduction Act Notice, see the instructions for Form 990, 990-EZ, or 990-PF. Schedule B (Form 990) (2023) LHA 323451 12-26-23 Schedule B (Form 991 Name of organization Wilmington Realtors Foun( Part I Contributors (see instructions). Use duplicate copies of Part I if additional space is needed. Employer identification number 58-1820377 (a) No. (b) Name, address, and ZIP + 4 (c) Total contributions (d) Type of contribution 1 Brittany Allen $ 5,000. Person OX Payroll 0 Noncash 0 (Complete Part II for noncash contributions.) 181 Overlook Drive Wilmington, NC 28411 (a) No. (b) Name, address, and ZIP + 4 (c) Total contributions (d) Type of contribution 2 Michael Lopez $ 10,000. PersonFx Payroll 0 Noncash I--] (Complete Part II for noncash contributions.) 1310 Airlie Road Wilmington, NC 28403 (a) No. (b) Name, address, and ZIP + 4 (c) Total contributions (d) Type of contribution 3 Timothy Milam $ 10,000. Person 0 Payroll Noncash (Complete Part II for noncash contributions.) 4313 Tollington Drive Wilmington, NC 28412 (a) No. (b) Name, address, and ZIP + 4 (c) Total contributions (d) Type of contribution 4 Joann Wainio $ 5,000. PersonFX Payroll Noncash (Complete Part II for noncash contributions.) 8204 Lantana Lane Wilmington, NC 28411 (a) No. (b) Name, address, and ZIP + 4 (c) Total contributions (d) Type of contribution 5 NC Housing Foundation $ 25,000. Person FX Payroll Noncash (Complete Part II for noncash contributions.) 2585 West Clemmonsville Road, STE. 102 Winston—Salem, NC 27127 (a) No. (b) Name, address, and ZIP + 4 (c) Total contributions (d) Type of contribution $ Person Payroll 0 Noncash (Complete Part II for noncash contributions.) 323452 12-26-23 Schedule B (Form 990) (2023) Schedule B (Form 990) (20231 Name of organization Employer identification number Wilmington Realtors Foundation 58-1820377 Pali 11 Noncash Property (see instructions). Use duplicate copies of Part 11 if additional space is needed. ) No. from Part 1 b Description of noncash property given M FMV (or estimate) (See instructions.) Date received (a) No. from Part I (b) Description of noncash property given Ic) FMV (or estimate) (See instructions.) (d) Date received No. from Part 1 Description of noncash property given (c) FMV (or estimate) (See instructions.) Date received ) No. from Part 1 b Description of noncash property given (c) FMV (or estimate) (See instructions.) Date received (a) No. from Part I b Description of noncash property given Ic) FMV (or estimate) (See instructions.) Date received (a) No. from Part 1 (b) Description of noncash property given (c) FMV (or estimate) See instructions.) ( (d) Date received 323453 12-26-23 Schedule B (Form 990)(2023) Schedule B (Form 991 Name of organization Employer identification number Wilmington Realtors Foundation 58-1820377 Exclusively religious, charitable, etc., contributions to organizations described in section 501(cH7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this info. once.) $ Use duplicate copies of Part III if additional space is needed. (a) No. from Part I (b) Purpose of gift (c) Use of gift (d) Description of how gift is held (e) Transfer of gift Transferee's name address and ZIP + 4 Relationship of transferor to transferee (a) No. from Part I (b) Purpose of gift (c) Use of gift 9 (d) Description of how gift is held (e) Transfer of gift Transferee's name address and ZIP + 4 Relationship of transferor to transferee (a) No. from Part 1 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held (e) Transfer of gift Transferee's name address and ZIP + 4 Relationship of transferor to transferee (a) No. from Part I (b) Purpose of gift (c) Use of gift (d) Description of how gift is held (e) Transfer of gift Transferee's name address and ZIP + 4 Relationship of transferor to transferee 323454 12-26-23 Schedule B (Form 990) (2023) SCHEDULE D Supplemental Financial Statements OMB No. 1545-0047 (Form 990) Complete if the organization answered "Yes" on Form 990, 20 %� Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b. L Department of the Treasury Attach to Form 990. '.Open to Public Internal Revenue Service Go to www.irs.gov/Form990 for instructions and the latest information. 'Inspection Name of the organization Employer identification number Wilmington Realtors Foundation 1 58-1820377 Part 1 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6. (a) Donor advised funds 1 Total number at end of year ............................................ 2 Aggregate value of contributions to (during year) .......... 3 Aggregate value of grants from (during year) ................. 4 Aggregate value at end of year ....................................... 1 1 ............................... 5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds Funds and other accounts are the organization's property, subject to the organization's exclusive legal control? .....0 Yes 0 No .................................................. 6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring imermissibleprivate benefit?.................................................................................................................................... Yes No Part 11 1 Conservation Easements. Complete if the organization answered "Yes" on Form 990 Part IV line 7. 1 Purpose(s) of conservation easements held by the organization (check all that apply). Preservation of land for public use (for example, recreation or education) Preservation of a historically important land area Protection of natural habitat Preservation of a certified historic structure Preservation of open space 2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year. Held at the End of the Tax Year a Total number of conservation easements ................................................................................................ b Total acreage restricted by conservation easements .............................................................................. c Number of conservation easements on a certified historic structure included on line 2a ............................ d Number of conservation easements included online 2c acquired after July 25, 2006, and not on a historic structure listed in the National Register...................................................................... .. ( 2d 1 3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the tax year 4 Number of states where property subject to conservation easement is located 5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? E]Yes 0 No ........................................................................... 6 Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year 7 Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year 8 Does each conservation easement reported on line 2d above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(fl)?.......................................................................................................................................... 0 Yes E::] No 9 In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement and balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements. Part III I Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the organization answered "Yes" on Form 990, Part IV, line 8. 1a If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide in Part XIII the text of the footnote to its financial statements that describes these items. If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items. (i) Revenue included on Form 990, Part VIII, line 1........................................................... $ (ii) Assets included in Form 990, Part X $ 2 If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the following amounts required to be reported under FASB ASC 958 relating to these items: a Revenue included on Form 990, Part VIII, line 1 bAssets included in Form 990, Part X.................................................................................................. $ LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule D (Form 990) 2023 332051 09-28-23 Schedule (Form 990) 2023 Wilmington Realtors Foundation 58-1820377 Pa e2 artilli Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued) 3 Using the organization's acquisition, accession, and other records, check any of the following that make significant use of its collection items (check all that apply). a ED Public exhibition d Loan or exchange program b Scholarly research e Other c Preservation for future generations 4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part XIII. 5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similar assets to be sold to raise funds rather than to be maintained as part of the organization's collection? .................................... = Yes No [E2!1 IV Escrow and Custodial Arrangements Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21. 1a Is the organization an agent, trustee, custodian, or other intermediary for contributions or other assets not included on Form 990, Part X? Yes 0 No ................................................................................................................................................... b If "Yes," explain the arrangement in Part XIII and complete the following table: _ Amount cBeginning balance................................................................................................................................. 1c dAdditions during the year ........ __ ........................................................................................................... 1d e Distributions during the year.................................................................................................................. 1e fEnding balance....................................................................................................................................... 1f 2a Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ............... = Yes 0 No b If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII------------------------- ----- _.___ n Part V I Endowment Funds Complete if the organization answered "Yes" on Form 990, Part IV, line 10. is b c d e f g Beginning of year balance ..................... Contributions .......................................... Net investment earnings, gains, and losses Grants or scholarships ........................... Other expenditures for facilities and programs ....................................... Administrative expenses ........................ End of year balance (a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back 2 Provide the estimated percentage of the current year end balance (line 1 g, column (a)) held as: a Board designated or quasi -endowment % b Permanent endowment % c Term endowment The percentages on lines 2a, 2b, and 2c should equal 100%. 3a Are there endowment funds not in the possession of the organization that are held and administered for the organization by: Yes No (i) Unrelated organizations?............................................................................................................................................. 3a i (ii) Related organizations?................................................................................................................................................ 3a ii b If "Yes" on line 3a(ii), are the related organizations listed as required on Schedule R?............................................................ 3b 4 Describe in Part XIII the intended uses of the organization's endowment funds. Part VI Land, Buildings, and Equipment Complete if the organization answered "Yes" on Form 990, Part IV, line 11 a. See Form 990, Part X, line 10. Description of property (a) Cost or other basis (investment) (b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value 1a Land............................................................ b Buildings...................................................... c Leasehold improvements .............................. d Equipment ................................................... eOther............................................................ 105, 860. 105, 860. 52,930. 10,178. 42,752. Total. Add lines 1athrough 1e...................................•...__.,._. 148,612. Schedule D (Form 990) 2023 332052 09-28-23 Schedule (Form 990) 2023 Wilmington Realtors Foundation 58-1820377 Pa e3 Part VII Investments - Other Securities Complete if the organization answered "Yes" on Form 990, Part IV, line 11 b. See Form 990, Part X, line 12. (a) Description of security or category (including name of security) (b) Book value (c) Method of valuation: Cost or end -of -year market value (1) Financial derivatives (2) Closely held equity interests ................................. (3) Other A B C D G H Total. Col. b must equal Form 990 Part X line 12 col. B Pf art Vill Investments - Program Related. Complete if the organization answered "Yes" on Form 990, Part IV, line 11 c. See Form 990, Part X, line 13. (a) Description of investment (b) Book value (c) Method of valuation: Cost or end -of -year market value 1 2 3 4 5 6 7 8 9 Total. Col. -art b must equal Form 990 Part X line 13 col. B FP 'IX"I Other Assets Complete if the organization answered "Yes" on Form 990, Part IV, line 11 d. See Form 990, Part X, line 15. (a) Description (b) Book value 1 CIP - Piersons Point 462,107. 2 3 4 5 6 7 8 9 Total. Column b must equal Form 990 Part X line 15 col. e....................................................................................... 462,107. Part X Other Liabilities Complete if the organization answered "Yes" on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25. 1. (a) Description of liability (b) Book value (1) Federal income taxes 2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FASB ASC 740. Check here if the text of the footnote has been provided in Part XIII ... 0 Schedule D (Form 990) 2023 332053 09-2e-23 Schedule D (Form 990) 2023 Wilmington Realtors Foundation 58-1820377 Paae4 Part X1 Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered "Yes" on Form 990, Part IV, line 12a. 1 Total revenue, gains, and other support per audited financial statements.................................................... 1 2 Amounts included on line 1 but not on Form 990, Part VIII, line 12: a Net unrealized gains (losses) on investments .......I ............... . ...... 2a b Donated services and use of facilities c Recoveries of prior year grants ............................. *.........._._ ............... 2c d Other (Describe in Part XIII.)............................................ .. 2d eAdd lines 2a through 2d................................................................................................................................. 2e 3 Subtract line 2e from line 1.............................................................................................................................. 3 4 Amounts included on Form 990, Part VIII, line 12, but not on line 1: a Investment expenses not included on Form 990, Part VIII, line 7b ........................ 4, b Other (Describe in Part XIII.)...................................................... ................. 4b cAdd lines 4a and 4b....................................................................................................................................... 4c 5 Total revenue. Add lines 3 and 4c. fThii ,,,,,ter --1 F.,..., oon Dar+ i r,,,o 10 1 s I'a� Fieconcwatlon of txpenses per audited Financial Statements With Expenses per I Complete if the organization answered "Yes" on Form 990, Part IV, line 12a. 1 Total expenses and losses per audited financial statements .............................................................................. 2 Amounts included on line 1 but not on Form 990, Part IX, line 25: a Donated services and use of facilities .................................................. .... 2a b Prior year adjustments 2b c Otherlosses ...................................................................................................... d Other (Describe in Part XIII.)............................................................. ............. 2d eAdd lines 2a through 2d............................................................................................................................. 3 Subtract line 2e from line 1 .............................................................................................................................. 4 Amounts included on Form 990, Part IX, line 25, but not on line 1: a Investment expenses not included on Form 990, Part VIII, line 7b ........................ 4a b Other (Describe in Part XIII.).............................................................................. 4b c Add lines 4a and 4b ....................................................................................................................................... 5 Total expenses. Add lines 3 and 4c. (This must eaual Form 992 Part L line 1 R )................................... ........ Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1 a and 4; Part IV, lines 1 b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information. 332054 09-28-23 Schedule D (Form 990) 2023 SCHEDULE O (Form 990) Department of the Treasury Internal Revenue Service Name of the organization Supplemental Information to Form 990 or 990-EZ OMB No. 1545-0047 Complete to provide information for responses to specific questions on 023 Form 990 or 990-EZ or to provide any additional information. 2 Attach to Form 990 or Form 990-EZ Open to Public Wilmi on Realtors Foundation Employer identification number 58-1820377 Form 990, Part VI, Section B, line 11b: A draft is given to the CEO of the Board of Directors prior to filing. The final unfiled version is submitted to the audit committee during the annual meeting with the CPAs. A final unfiled copy is also given to each member of the Board of Directors at the presentation of the audit/review report. The final 990 is posted on the home page of WRAR.com. Form 990, Part VI, Section B, Line 12c: ALL MANAGEMENT AND VOLUNTEERS ARE REQUIRED TO SIGN A CONFLICT OF INTERESTPOLICY. EMPLOYEES MUST DISCLOSE THEIR INTEREST IN ANY ENTITY IN WHICH THE CORPORATIONS ARE DOING OR CONSIDERING DOING BUSINESS TO THE CEO OR BOARD OF DIRECTORS' PRESIDENT. FOR EACH DISCLOSURE THE CEO OR PRESIDENT WILL DETERMINE IF ACTION SHOULD BE TAKEN INVOLVING FULL DISCLOSURE, TO THE BOARD, ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS ORDECISIONS WITHIN THE CORPORATION OR ASK THE PERSON TO RESIGN FROM HIS/HER POSITION IN THE CORPORATION. THE CEO AND PRESIDENT MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST. Form 990, Part VI, Section C, Line 19: MONTHLY (UNAUDITED OR UN -REVIEWED BY OUTSIDE CPA FIRM) FINANCIAL STATEMENTS ARE DISPLAYED ON THEIR WEBSITE AS WELL AS PROVIDING COPIES UPON REQUEST. For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule 0 (Form 990) 2023 LHA 332211 11-14-23 N a E 3 c C o � ;,C M ++ O c N n 00 000 CL E LO W .H rtf ro 0 O rX4 N 0 �-../I ,V 4) C4 M cm m c cu a t m a O) c O A ��:Ll O C � m U d 0 N N m m a O C W N E O U •p C H O Y m � 0 O •� a d � o m J A U m E d N U .Q O. T c z_ d W N c O) N N d a O a m d E m z O rn 0 LL C 0 a d 3 c c m c 0 N cu O) `o a� N a E 0 U N C mO N C m O) CO, ao t m a m O Z �o2:1 m m } O) c_ 0 C .T v U N N VS N rk. 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See instructions. 332165 09-28-23 Schedule R (Form 990) 2023