Masonic Charity Foundation Of New Jersey

Organization Overview

Masonic Charity Foundation Of New Jersey is located in Burlington, NJ. The organization was established in 1990. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Masonic Charity Foundation Of New Jersey employed 532 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Charity Foundation Of New Jersey is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Masonic Charity Foundation Of New Jersey generated $43.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $45.5m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE NURSING CARE, RETIREMENT LIVING, & HOSPICE SVCS. ADMINISTER FUNDS FOR HEALTHCARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES SENIOR HOUSING AND HEALTHCARE SERVICES THROUGH SEVERAL AREAS OF RETIREMENT SETTINGS; RETIREMENT LIVING APARTMENTS AND COTTAGES, ASSISTED (COMPREHENSIVE PERSONAL CARE) LIVING, LONG TERM NURSING SERVICES, SHORT TERM REHABILITATION, AND RESPITE CARE. IN ADDITION, THE FOUNDATION PROVIDES SUPPORT THROUGH HOSPICE (END-OF-LIFE) CARE SERVICES.THE FOUNDATION PROVIDES NURSING CARE, PERSONAL CARE, RETIREMENT LIVING AND HOSPICE SERVICES TO RESIDENTS WHO MEET CERTAIN CRITERIA AT AMOUNTS LESS THAN ITS COST OF PROVIDING CARE. THE LEVEL OF BENEVOLENT CARE PROVIDED BY THE FOUNDATION, WHICH REPRESENTS THE DIFFERENCE BETWEEN THE CHARGES FOR PROVIDING CARE AND THE PAYMENTS RECEIVED FOR SERVICES RENDERED, WAS APPROXIMATELY $317,000 IN 2021.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Unidine Corporation
Food Services
$2,539,184
Genesis Rehabilitation Services
Rehabilitation Services
$970,579
Ashlar Creative Solutions
Management Services
$1,588,708
Ener-g Rudox Inc
Energy Management Services
$1,098,453
Pnc Bank - Pension
Professional Services
$750,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$95,241
Government grants $4,099,807
All other contributions, gifts, grants, and similar amounts not included above$3,729,688
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,924,736
Total Program Service Revenue$30,503,895
Investment income $1,484,244
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,294,878
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $43,314,018

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Masonic Charity Foundation Of New Jersey has recieved totaling $1,000.

Awarding OrganizationAmount
$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$50,249,906
Earnings$3,002,093
Net Contributions$2,367,095
Other Expense$10,203,162
Ending Balance$45,415,932

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