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Nonprofiteer
← NORTH CAROLINA MASONIC FOUNDATION INC

Form 990 for tax year 2024

Filed by NORTH CAROLINA MASONIC FOUNDATION INC.

Totals

Total revenue
$2,929,544
Total expenses
$2,524,863
Contributions and grants received
$1,971,384
Grants paid
$1,878,160
Program service revenue
$0
Investment income
$959,316
Other revenue
-$1,156
Total assets, end of year
$29,606,861
Total liabilities, end of year
$221,427
Net assets or fund balances, end of year
$29,385,434
Program services expenses (Part IX)
$1,960,073
Management and general expenses
$100,178
Fundraising expenses
$464,612
Program service expenses (Part III)
$1,960,073

Program services were 77.6% 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

    $1,971,384

  • 3 · Investment income

    total $272,692 · excluded $272,692

  • 6a · Gross rents

    real property $39,255

  • 6b · Less rental expenses

    real property $40,411

  • 6c · Rental income or loss

    real property -$1,156

  • 6d · Net rental income or loss

    total -$1,156 · excluded -$1,156

  • 7a · Gross sales of assets other than inventory

    securities $2,402,934

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

    securities $1,716,310

  • 7c · Gain or loss

    securities $686,624

  • 7d · Net gain or loss

    total $686,624 · excluded $686,624

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,863,950 · program services $1,863,950

  • 2 · Grants to domestic individuals

    total $14,210 · program services $14,210

  • 7 · Other salaries and wages

    total $300,751 · program services $15,038 · management and general $30,075 · fundraising $255,638

  • 8 · Pension plan contributions

    total $44,677 · program services $2,234 · management and general $4,468 · fundraising $37,975

  • 9 · Other employee benefits

    total $23,811 · program services $1,191 · management and general $2,381 · fundraising $20,239

  • 10 · Payroll taxes

    total $22,742 · program services $1,137 · management and general $2,274 · fundraising $19,331

  • 11b · Fees: legal

    total $1,487 · management and general $1,487

  • 11c · Fees: accounting

    total $3,850 · management and general $3,850

  • 12 · Advertising and promotion

    total $468 · program services $351 · fundraising $117

  • 13 · Office expenses

    total $142,144 · program services $60,297 · management and general $15,597 · fundraising $66,250

  • 14 · Information technology

    total $44,859 · management and general $4,486 · fundraising $40,373

  • 17 · Travel

    total $28,776 · program services $1,439 · management and general $2,878 · fundraising $24,459

  • 24a · Other expenses: SPECIAL EVENTS

    total $22,200 · management and general $22,200

  • 24b · Other expenses: MISCELLANEOUS

    total $10,455 · management and general $10,455

  • 24c · Other expenses: TELEPHONE

    total $271 · program services $14 · management and general $27 · fundraising $230

  • 24d · Other expenses: BANK FEES

    total $212 · program services $212

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $454,391 · end of year $1,312,873

  • 2 · Savings and temporary cash investments

    beginning of year $813,046 · end of year $376,879

  • 9 · Prepaid expenses and deferred charges

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

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

    $1,756,841

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

    $158,577

  • 10c · Land, buildings and equipment, net

    beginning of year $1,602,565 · end of year $1,598,264

  • 11 · Investments: publicly traded securities

    beginning of year $22,825,519 · end of year $26,303,945

  • 17 · Accounts payable and accrued expenses

    beginning of year $226,914 · end of year $216,870

  • 25 · Other liabilities

    beginning of year $974 · end of year $4,557

  • 27 · Net assets without donor restrictions

    beginning of year $23,154,932 · end of year $27,290,802

  • 28 · Net assets with donor restrictions

    beginning of year $2,327,601 · end of year $2,094,632

Mission and programs · 2024

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 $1,945,863 · Grants $1,863,950

  • PROVIDED YOUTH SCHOLARSHIPS.

    Expenses $14,210 · Grants $14,210

As filed on the 2024 return.

Listed in Part VII

  • Jonathan Underwood

    GRAND SECRETARY

    Total calculated
    $104,779
    From this org
    $0
    From related orgs
    $91,515
    Other
    $13,264
    Hours/week
    0 + 40 related

  • Benjamin Crissman

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Lewis R Ledford

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • John E Burns

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Michael Register

    MEMBER - BOD

    Total calculated
    $0
    Hours/week
    0

  • Dan C Rice

    MEMBER - BOD

    Total calculated
    $0
    Hours/week
    0

  • Robert E Gresham Jr

    MEMBER - BOD

    Total calculated
    $0
    Hours/week
    0

  • Leonard Y Safrit Jr

    MEMBER - BOD

    Total calculated
    $0
    Hours/week
    0

  • Michael A Faulkenbury

    MEMBER-BOD

    Total calculated
    $0
    Hours/week
    0

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 $39,255 · assets $1,640,362

    Directly controlled by THE NC MASONIC FOUNDATION

  • NC MASONIC AND EASTERN STAR HOME FOUNDATION LLC

    COLLECT DONATIONS · NC · income $402,657 · assets $389,808

    Directly controlled by THE NC MASONIC FOUNDATION

  • NC MASONIC SCHOLARSHIP FOUNDATION LLC

    INVESTMENT · NC · income $182,386 · assets $1,582,891

    Directly controlled by THE NC MASONIC FOUNDATION

  • NC HISTORIC MASONIC PROPERTIES FOUNDATION LLC

    MAINTENANCE · NC · income $35,331 · assets $333,695

    Directly controlled by THE NC MASONIC FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503189349304070

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