Skip to content
Nonprofiteer
← NORTH CAROLINA MASONIC FOUNDATION INC

Form 990 for tax year 2023

Filed by NORTH CAROLINA MASONIC FOUNDATION INC.

Totals

Total revenue
$1,705,404
Total expenses
$2,467,129
Contributions and grants received
$1,359,440
Grants paid
$1,855,156
Program service revenue
$0
Investment income
$333,632
Other revenue
$12,332
Total assets, end of year
$25,710,421
Total liabilities, end of year
$227,888
Net assets or fund balances, end of year
$25,482,533
Program services expenses (Part IX)
$1,893,168
Management and general expenses
$129,866
Fundraising expenses
$444,095
Program service expenses (Part III)
$1,893,168

Program services were 76.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,359,440

  • 3 · Investment income

    total $304,751 · excluded $304,751

  • 6a · Gross rents

    real property $54,046

  • 6b · Less rental expenses

    real property $41,714

  • 6c · Rental income or loss

    real property $12,332

  • 6d · Net rental income or loss

    total $12,332 · excluded $12,332

  • 7a · Gross sales of assets other than inventory

    securities $1,602,002

  • 7b · Less cost or other basis and sales expenses

    securities $1,573,121

  • 7c · Gain or loss

    securities $28,881

  • 7d · Net gain or loss

    total $28,881 · excluded $28,881

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,837,528 · program services $1,837,528

  • 2 · Grants to domestic individuals

    total $17,628 · program services $17,628

  • 7 · Other salaries and wages

    total $300,296 · program services $15,016 · management and general $30,029 · fundraising $255,251

  • 8 · Pension plan contributions

    total $7,328 · program services $366 · management and general $733 · fundraising $6,229

  • 9 · Other employee benefits

    total $28,343 · program services $1,417 · management and general $2,834 · fundraising $24,092

  • 10 · Payroll taxes

    total $22,353 · program services $1,118 · management and general $2,235 · fundraising $19,000

  • 11c · Fees: accounting

    total $35,853 · management and general $35,853

  • 12 · Advertising and promotion

    total $1,178 · program services $883 · fundraising $295

  • 13 · Office expenses

    total $111,314 · program services $16,525 · management and general $18,884 · fundraising $75,905

  • 14 · Information technology

    total $31,892 · management and general $3,189 · fundraising $28,703

  • 17 · Travel

    total $14,492 · program services $725 · management and general $1,449 · fundraising $12,318

  • 24a · Other expenses: SPECIAL EVENTS

    total $26,709 · management and general $26,709

  • 24b · Other expenses: PROGRAM DEVELOPMENT

    total $26,238 · program services $1,312 · management and general $2,624 · fundraising $22,302

  • 24c · Other expenses: MISCELLANEOUS

    total $5,327 · management and general $5,327

  • 24d · Other expenses: BANK FEES

    total $650 · program services $650

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,299 · end of year $454,391

  • 2 · Savings and temporary cash investments

    beginning of year $636,210 · end of year $813,046

  • 4 · Accounts receivable

    beginning of year $3,723 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $14,900

  • 10a · Land, buildings and equipment: cost or other basis

    $1,751,357

  • 10b · Land, buildings and equipment: accumulated depreciation

    $148,792

  • 10c · Land, buildings and equipment, net

    beginning of year $1,610,598 · end of year $1,602,565

  • 11 · Investments: publicly traded securities

    beginning of year $20,692,130 · end of year $22,825,519

  • 17 · Accounts payable and accrued expenses

    beginning of year $353,640 · end of year $226,914

  • 19 · Deferred revenue

    beginning of year $1,900 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,244 · end of year $974

  • 27 · Net assets without donor restrictions

    beginning of year $20,826,806 · end of year $23,154,932

  • 28 · Net assets with donor restrictions

    beginning of year $2,063,370 · end of year $2,327,601

Mission and programs · 2023

Mission

TO RECEIVE DONATIONS AND DISTRIBUTE ALL INCOME TO CHARITABLE ORGANIZATIONS.

  • PROVIDED SUPPORT FOR THE MASONIC HOME FOR CHILDREN AT OXFORD AND THE MASONIC AND EASTERN STAR HOME OF NC.

    Expenses $1,875,540 · Grants $1,837,528

  • PROVIDED YOUTH SCHOLARSHIPS.

    Expenses $17,628 · Grants $17,628

As filed on the 2023 return.

Listed in Part VII

  • Michael A Faulkenbury

    MEMBER-BOD

    Total calculated
    $0
    Hours/week
    0

  • John E Burns

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Lewis R Ledford

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Leonard Y Safrit Jr

    MEMBER - BOD

    Total calculated
    $0
    Hours/week
    0

  • Robert E Gresham Jr

    MEMBER - BOD

    Total calculated
    $0
    Hours/week
    0

  • Dan C Rice

    MEMBER - BOD

    Total calculated
    $0
    Hours/week
    0

  • Benjamin Crissman

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Gilbert D Bailey

    MEMBER - BOD

    Total calculated
    $0
    Hours/week
    0

  • Jonathan Underwood

    GRAND SECRETARY

    Total calculated
    $128,449
    From this org
    $0
    From related orgs
    $90,857
    Other
    $37,592
    Hours/week
    0 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SPRING GARDEN-COAPMAN PROPERTIES LLC

    REAL PROPERTY · NC · income $54,046 · assets $1,658,445

    Directly controlled by THE NC MASONIC FOUNDATION

  • NC MASONIC AND EASTERN STAR HOME FOUNDATION LLC

    COLLECT DONATIONS · NC · income $787,159 · assets $825,755

    Directly controlled by THE NC MASONIC FOUNDATION

  • NC MASONIC SCHOLARSHIP FOUNDATION LLC

    INVESTMENT · NC · income $181,388 · assets $1,414,715

    Directly controlled by THE NC MASONIC FOUNDATION

  • NC HISTORIC MASONIC PROPERTIES FOUNDATION LLC

    MAINTENANCE · NC · income $28,880 · assets $290,677

    Directly controlled by THE NC MASONIC FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
5 June 2025
IRS schema version
2023v6.0
Source object
202521629349300517

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.