Nebraska Masonic Home Foundation
- Assets
- $62.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Plattsmouth, NE
- Founding
- 03/1991
- Data as of
- 04/2023
- EIN
- 47-0737323
Organization Overview
Nebraska Masonic Home Foundation is located in Plattsmouth, NE. The organization was established in 1991. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Masonic Home Foundation 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 04/2023, Nebraska Masonic Home Foundation generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $6.1m during the year ending 04/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING FOR THE NEBRASKA MASONIC HOME AND ITS ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LONG-TERM FINANCIAL ASSISTANCE TO THE NEBRASKA MASONIC HOME (THE HOME). THE FOUNDATION IS THE LARGEST NON-RESIDENT SOURCE OF FUNDS FOR THE HOME. THE FOUNDATION'S FINANCIAL SUPPORT TO THE HOME IS USED SOLELY TO TAKE CARE OF THOSE WHO ARE UNABLE TO FINANCIALLY CARE FOR THEMSELVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Radil President | OfficerTrustee | 1 | $0 |
Philip Lorenzen Vice President | OfficerTrustee | 1 | $0 |
Brett Bennett Secretary | OfficerTrustee | 1 | $0 |
David Knutson Treasurer | OfficerTrustee | 1 | $0 |
Robert A Carhart Director | Trustee | 1 | $0 |
Jeffrey Coleman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $562,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $562,623 |
| Total Program Service Revenue | $0 |
| Investment income | $1,475,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $262,026 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,300,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,626,000 |
| 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. | $81,783 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,369 |
| Pension plan accruals and contributions | $7,763 |
| Other employee benefits | $23,570 |
| Payroll taxes | $9,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,708 |
| Fees for services: Accounting | $16,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,130 |
| Fees for services: Other | $5,084 |
| Advertising and promotion | $22,131 |
| Office expenses | $37,379 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,179 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $705 |
| Total functional expenses | $6,069,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,659 |
| Savings and temporary cash investments | $2,667,571 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $59,349,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,453 |
| Total assets | $62,137,562 |
| Accounts payable and accrued expenses | $10,071 |
| 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 | $0 |
| Total liabilities | $10,071 |
| Net assets without donor restrictions | $61,821,944 |
| Net assets with donor restrictions | $305,547 |
| 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 | $62,137,562 |