Masonic Home Endowment Fund Inc
- Assets
- $33.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 05/1987
- Data as of
- 03/2022
- EIN
- 59-2740213
Organization Overview
Masonic Home Endowment Fund Inc is located in Jacksonville, FL. The organization was established in 1987. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Home Endowment Fund 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 03/2022, Masonic Home Endowment Fund Inc generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $1.8m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDS FOR SKILLED CARE AND A CONGREGATIVE LIVING FACILITY FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE, ON A NON-PROFIT BASIS, HOUSING AND OTHER FACILITIES TO MEET THE NEEDS OF THE ELDERLY RESIDING IN THE MASONIC HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey S Foster Grand Master | OfficerTrustee | 1 | $0 |
Donald W Cowart Jr Grand Warden | OfficerTrustee | 1 | $0 |
Rudin J Boatright Grand Treasurer | OfficerTrustee | 1 | $0 |
Glen Bishop Sr Grand Warden | OfficerTrustee | 1 | $0 |
Richard E Lynn Grand Secretary | OfficerTrustee | 1 | $0 |
Robert Lambert Dep Grand Mstr | OfficerTrustee | 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 | $863,589 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $863,589 |
| Total Program Service Revenue | $0 |
| Investment income | $1,767,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,842,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,767,051 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $607 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,767,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,157,118 |
| 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 | $30,537,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,393,158 |
| Total assets | $33,087,502 |
| Accounts payable and accrued expenses | $805 |
| Grants payable | $0 |
| Deferred revenue | $2,090,970 |
| 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 | $95,900 |
| Total liabilities | $2,187,675 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $30,899,827 |
| Total liabilities and net assets/fund balances | $33,087,502 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Masonic Home Endowment Fund Inc has recieved totaling $4,462.
| Awarding Organization | Amount |
|---|---|
Jason L & Carrie M Smith Charitable Tr Detroit, MI PURPOSE: SUPPORT FOR DAILY | $2,962 |
Free & Accepted Masons Of Florida Fort Lauderdale, FL | | $1,500 |
Endowment Analysis
| Beg. Balance | $27,258,954 |
| Earnings | $1,615,537 |
| Admin Expense | $300 |
| Net Contributions | $1,734,023 |
| Other Expense | $1,615,537 |
| Ending Balance | $28,992,677 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Free & Accepted Masons Of Florida Most Worshipful Grand Lodge Jacksonville, FL | $78,880,698 | $10,399,325 |
Coral Gables Fraternal Order Of Police Health Trust Coral Gables, FL | $3,347,882 | $3,499,314 |
Beta Mu House Corp Of Alpha Phi International Fraternity Inc Tuscaloosa, AL | $16,037,750 | $2,971,245 |
Masonic Home Endowment Fund Inc Jacksonville, FL | $33,087,502 | $2,842,133 |
Florida State Elks Association Inc Umatilla, FL | $1,221,737 | $1,810,836 |
Venice Lodge No 1308 Loyal Order Of Moose Venice, FL | $1,880,873 | $1,750,269 |
Fraternal Order Of Police Jacksonville, FL | $2,414,811 | $1,544,520 |
South Georgia North Florida Plantation Assoc Thomasville, GA | $879,342 | $1,246,114 |
Most Worshipful Union Grnd Lodge Most Ancient & Hon Frat Free & Tallahassee, FL | $3,026,088 | $991,428 |
C Spellman Inc Rockledge, FL | $0 | $553,891 |
Bonita Springs Lodge No 1454 Loyal Order Of Moose Bonita Springs, FL | $1,660,094 | $709,900 |
Benevolent & Protective Order Of Elks Of The Usa Rotonda West, FL | $881,781 | $737,345 |