Ohio Masonic Home Benevolent Endowment Foundation Inc
- Assets
- $268.2m
- Revenue
- $39.8m
- Investments
- $900.5k
- Employees
- 7
- Location
- Springfield, OH
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 31-1451818
Organization Overview
Ohio Masonic Home Benevolent Endowment Foundation Inc is located in Springfield, OH. The organization was established in 1996. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Ohio Masonic Home Benevolent Endowment Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Masonic Home Benevolent Endowment Foundation Inc 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, Ohio Masonic Home Benevolent Endowment Foundation Inc generated $39.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 7.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WORK OF THE FOUNDATION REPRESENTS THE LARGEST EXPRESSION OF THE PHILANTHROPY OF OHIO FREEMASONRY BY BEING FISCALLY RESPONSIBLE THROUGH THE USE OF SOUND INVESTMENT MANAGEMENT, FUNDRAISING AND SPENDING POLICIES, AND ACTIVITIES. THESE PRACTICES SUPPORT THE DELIVERY OF AID AND AGING SERVICES TO ALLOW INDIVIDUALS TO AGE RESPECTFULLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPIC SUPPORT: THE OHIO MASONIC HOME BENEVOLENT ENDOWMENT FOUNDATION PROVIDES SUPPORT TO THE OHIO MASONIC HOME AND ITS TAX EXEMPT SUBSIDIARIES. THIS SUPPORT IS USED TO FUND THE CHARITABLE ACTIVITIES OF THE HOME AND ITS SUBSIDIARIES INCLUDING OPERATIONS OF THE HOME, MAINTENANCE AND DEVELOPMENT OF FACILITIES, AS WELL AS THE SOLICITATION OF SUPPORT ON BEHALF OF THE OHIO MASONIC HOME AND ITS SUBSIDIARIES. IN 2021 THE OHIO MASONIC HOME BENEVOLENT ENDOWMENT FOUNDATION FACILITATED $762,389 IN CONTRIBUTIONS FOR THE OHIO MASONIC HOME, $375,816 IN CONTRIBUTIONS FOR THE OHIO MASONIC HOME AFFILIATES, AND $811,873 IN CONTRIBUTIONS FOR THE OHIO MASONIC HOME BENEVOLENT ENDOWMENT FOUNDATION FOR A TOTAL OF $1,950,078.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Petitjean Executive Director, The Ohio Masonic Home | Officer | 50 | $161,729 |
Mark Harris Director Of Fund Development | 50 | $100,878 | |
Gregory Snead Secretary | OfficerTrustee | 1 | $0 |
Randy Williams Chairman | OfficerTrustee | 1 | $0 |
James Williamson Treasurer | OfficerTrustee | 1 | $0 |
Scott A Buchanan Ceo, The Ohio Masonic Home | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $145,490 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $666,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $811,873 |
| Total Program Service Revenue | $0 |
| Investment income | $4,091,319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,936,668 |
| Net Income from Fundraising Events | -$22,452 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,817,408 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,253 |
| Compensation of current officers, directors, key employees. | $50,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $336,718 |
| Pension plan accruals and contributions | $16,179 |
| Other employee benefits | $53,174 |
| Payroll taxes | $39,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $928,539 |
| Fees for services: Other | $113,179 |
| Advertising and promotion | $4,429 |
| Office expenses | $87,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,155 |
| Travel | $40,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,979 |
| Insurance | $1,784 |
| All other expenses | $2,869 |
| Total functional expenses | $2,049,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,781,616 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $33,577 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,285 |
| Net Land, buildings, and equipment | $453 |
| Investments—publicly traded securities | $264,497,507 |
| Investments—other securities | $900,486 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $268,229,924 |
| Accounts payable and accrued expenses | $4,181,896 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $176,968 |
| Total liabilities | $4,358,864 |
| Net assets without donor restrictions | -$3,457,511 |
| Net assets with donor restrictions | $267,328,571 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $268,229,924 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ohio Masonic Home Benevolent Endowment Foundation Inc has recieved totaling $28,899.
| Awarding Organization | Amount |
|---|---|
Trust U A Vivian H Schultze Rocky River, OH PURPOSE: GENERAL | $28,899 |
Endowment Analysis
| Beg. Balance | $244,621,321 |
| Earnings | $34,783,508 |
| Net Contributions | $228,103 |
| Other Expense | $12,017,800 |
| Ending Balance | $267,615,132 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Siemer Institute Columbus, OH | $21,924,276 | $13,963,015 |
David And Inez Myers Foundation Cleveland, OH | $231,370,323 | $1,575,245 |
Block 3 Community Urban Redevelopment Corporation Cincinnati, OH | $43,753,173 | $7,948,144 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
Sally And John Morley Family Fund Cleveland, OH | $0 | $0 |
Foundation For The Uptown Reinvestment Corporation Flint, MI | $1,872,223 | $6,455,012 |
Upic Solutions Inc Fort Mitchell, KY | $2,371,554 | $6,046,013 |
Dayton Foundation Plus Inc Dayton, OH | $83,505,101 | $9,971,050 |
Jcgf Charitable Tr Cincinnati, OH | $1,841,285 | $5,857,978 |
Arthur Dean Family Foundation Inc Fishers, IN | $75,273,545 | $2,866,490 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Barberton Community Foundation Barberton, OH | $94,839,869 | $20,499,069 |