North Carolina Masonic Foundation Inc
- Assets
- $28.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Raleigh, NC
- Founding
- 07/1941
- Data as of
- 12/2021
- EIN
- 56-6049500
Organization Overview
North Carolina Masonic Foundation Inc is located in Raleigh, NC. The organization was established in 1941. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, North Carolina Masonic Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Masonic 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, North Carolina Masonic Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 23.9% 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.
Since 2014, North Carolina Masonic Foundation Inc has awarded 16 individual grants totaling $8,369,825. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE DONATIONS AND DISTRIBUTE ALL INCOME TO CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT FOR THE MASONIC HOME FOR CHILDREN AT OXFORD AND THE MASONIC AND EASTERN STAR HOME OF NC.
PROVIDED YOUTH SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Faulkenbury Chairman | OfficerTrustee | 0 | $0 |
Lewis R Ledford Treasurer | OfficerTrustee | 0 | $0 |
Jonathan A Underwood Secretary | Officer | 0 | $0 |
Robert E Gresham Jr Member - Bod | Trustee | 0 | $0 |
Leonard Y Safrit Jr Member - Bod | Trustee | 0 | $0 |
John E Burns Member - Bod | Trustee | 0 | $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 | $1,838,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,838,571 |
| Total Program Service Revenue | $0 |
| Investment income | $266,843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,521 |
| Net Gain/Loss on Asset Sales | $556,433 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,708,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,294,213 |
| Grants and other assistance to domestic individuals. | $40,708 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $402,175 |
| Pension plan accruals and contributions | $72,663 |
| Other employee benefits | $27,967 |
| Payroll taxes | $31,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,937 |
| Office expenses | $66,021 |
| Information technology | $32,631 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,297 |
| 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 | $0 |
| Insurance | $25,934 |
| All other expenses | $0 |
| Total functional expenses | $3,203,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,025 |
| Savings and temporary cash investments | $218,114 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,723 |
| 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 | $17,408 |
| Net Land, buildings, and equipment | $1,618,631 |
| Investments—publicly traded securities | $26,441,167 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,610,068 |
| Accounts payable and accrued expenses | $437,232 |
| Grants payable | $0 |
| Deferred revenue | $1,900 |
| 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 | $8,399 |
| Total liabilities | $447,531 |
| Net assets without donor restrictions | $26,296,246 |
| Net assets with donor restrictions | $1,866,291 |
| 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 | $28,610,068 |
Grants Awarded
Over the last fiscal year, North Carolina Masonic Foundation Inc has awarded $2,284,856 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Greensboro, NC PURPOSE: PROVIDE SUPPORT FOR THE ACTIVITIES OF MASONIC AND EASTERN HOME OF NC | $1,966,790 |
Oxford, NC PURPOSE: PROVIDE SUPPORT FOR THE ACTIVITIES OF THE MASONIC HOME FOR CHILDREN AT OXFORD | $318,066 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina Masonic Foundation Inc has recieved totaling $7,334.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraternal Order Of Police Nashville, TN | $35,888,795 | $16,806,442 |
North Carolina Masonic Foundation Inc Raleigh, NC | $28,610,068 | $2,708,508 |
United Supreme Council 33rd Degree Aasr Memphis, TN | $5,191,925 | $1,749,263 |
Grand Lodge A F & A M Of Va Richmond, VA | $19,833,089 | $5,647,711 |
Surfside Beach Lodge No 2351 Loyal Order Of Moose Surfside Beach, SC | $1,808,236 | $1,311,776 |
South Georgia North Florida Plantation Assoc Thomasville, GA | $879,342 | $1,246,114 |
Ancient Free Masons Of South Carolina Lexington, SC | $9,661,129 | $791,471 |
Grand Chapter Of The Order Of The Eastern Star Of North Carolina Garysburg, NC | $6,906,816 | $616,297 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Savannah, GA | $12,695,334 | $283,091 |
Most Worshipful Prince Hall Grand Lodge Of Free And Accepted Masons Columbia, SC | $1,039,421 | $397,844 |
Manchester-Richmond Lodge No 699 Loyal Order Of Moose North Chesterfield, VA | $1,019,469 | $662,470 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Knoxville, TN | $3,508,228 | $286,040 |