Small Public Charity

CAPE LOOKOUT ALBACORE FOUNDATION INC

Based in RALEIGH, NC, CAPE LOOKOUT ALBACORE FOUNDATION INC operates as a Small Public Charity. The organization reported $68K in revenue, $62K in expenses, $24K in total assets for fiscal year 2025. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $20K.

EIN: 932915935 RALEIGH, NC Fund Raising & Fund Distribution NTEE: C12 Latest filing: 2025

Organization Summary

Grant Records 1

Filing History 2023–2025

Funding Total $20K

Website Visit site ↗

Financial Snapshot · 2025

Total Revenue $68K

Total Expenses $62K

Total Assets $24K

Total Revenue$68K

Total Expenses$62K

Total Assets$24K

Grant Records1

Funding Total$20K

Filing Years2023–2025

Mission

The Cape Lookout Albacore Foundation Inc. or CLAF. CLAF is organized and formed exclusively for charitable and educational purposes.The purpose of CLAF shall be to conduct activities and programs aimed at conserving and understanding the coastal fisheries of North Carolina with a particular focus on recreational fishing. This includes but is not limited to conducting and supporting research into marine ecology and fisheries biology promoting sustainable fishing practices and providing educational resources to the public about the importance of marine biodiversity and conservation. Additionally CLAF will engage in fundraising educational and outreach activities to provide support to other tax-exempt charities that are dedicated to wellbeing of disabled active military service personnel disabled veterans and other at need members of our community. CLAFs commitment extends to enhancing the lives of these individuals through fly fishing and associated activities.

Where $100 goes at Cape Lookout Albacore Foundation Inc

How Cape Lookout Albacore Foundation Inc divides every $100 it spends, from its own Form 990-EZ filings, averaged across 3 years.

$100 Programs the work itself

<$1 Everything else operations and overhead

Form 990-EZ reports program spending but doesn't separate management from fundraising, so those are shown together.

Inside the $100 for programs

$57

The second part of Albie Fest day 3 3 is a community event fishing tournament and fundraiser with 72 participants from the local community and visitors from around…

57% of program spending · Reported in the filing: 72 participants

$43

Albie Fest days 1-2 3 is a two-part community engagement event and fundraiser directly tied to our mission

43% of program spending · Reported in the filing: 60 veterans

Source: Form 990-EZ filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

2023

For grant recipient's exempt purposes

$20,000

Showing up to 5 of 1 total records — full history available with membership.

Officers & Directors

Secretary G Grey Littlewood

Treasurer Gregory Barnes

Vice President John Snipes

Board Member Kellie Thompson

President N Christian Thompson

Board Member Patrick Poindexter

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support

$20,000 1 grant

Financial Trends

Year	Revenue	Expenses	Assets
2025	$68K	$62K	$24K
2024	$67K	$67K	$17K
2023	$74K	$56K	$18K

Between 2023 and 2025, reported annual revenue declined from $74K to $68K (-8%), with total assets most recently reported at $24K.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for CAPE LOOKOUT ALBACORE FOUNDATION INC

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