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Nonprofiteer
← OHIO MASONIC HOME BENEVOLENT ENDOWMENT FOUNDATION INC

Form 990 for tax year 2023

Filed by OHIO MASONIC HOME BENEVOLENT ENDOWMENT FOUNDATION INC.

Totals

Total revenue
$6,206,486
Total expenses
$2,266,455
Contributions and grants received
$1,616,903
Grants paid
$0
Program service revenue
$0
Investment income
$4,632,231
Other revenue
-$42,648
Total assets, end of year
$229,115,384
Total liabilities, end of year
$227,922
Net assets or fund balances, end of year
$228,887,462
Program services expenses (Part IX)
$481,888
Management and general expenses
$1,340,863
Fundraising expenses
$443,704
Program service expenses (Part III)
$481,888

Program services were 21.3% 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.

  • 1c · Fundraising events

    $140,947

  • 1e · Government grants (contributions)

    $84,000

  • 1f · All other contributions, gifts and grants

    $1,391,956

  • 1g · Noncash contributions included above

    $1,966

  • 3 · Investment income

    total $5,654,881 · excluded $5,654,881

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

    securities $1,022,650

  • 7c · Gain or loss

    securities -$1,022,650

  • 7d · Net gain or loss

    total -$1,022,650 · excluded -$1,022,650

  • 8a · Fundraising events: gross income

    $39,875

  • 8a · Fundraising events: contributions included on line 1c

    $140,947

  • 8b · Fundraising events: direct expenses

    $82,523

  • 8c · Net income from fundraising events

    total -$42,648 · excluded -$42,648

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $465,701 · program services $135,054 · management and general $88,483 · fundraising $242,164

  • 8 · Pension plan contributions

    total $11,393 · program services $3,304 · management and general $2,165 · fundraising $5,924

  • 9 · Other employee benefits

    total $71,156 · program services $20,635 · management and general $13,520 · fundraising $37,001

  • 10 · Payroll taxes

    total $34,251 · program services $9,933 · management and general $6,508 · fundraising $17,810

  • 11f · Fees: investment management

    total $917,202 · management and general $917,202

  • 11g · Fees: other

    total $230,957 · program services $151,432 · management and general $23,814 · fundraising $55,711

  • 12 · Advertising and promotion

    total $26,030 · program services $26,030

  • 13 · Office expenses

    total $145,651 · program services $90,099 · management and general $12,561 · fundraising $42,991

  • 16 · Occupancy

    total $19,693 · program services $5,711 · management and general $3,742 · fundraising $10,240

  • 17 · Travel

    total $40,075 · program services $16,030 · management and general $8,015 · fundraising $16,030

  • 22 · Depreciation, depletion and amortization

    total $594 · program services $172 · management and general $113 · fundraising $309

  • 23 · Insurance

    total $1,842 · program services $737 · management and general $1,105

  • 24a · Other expenses: CORPORATE ALLOCATIONS

    total $253,955 · management and general $253,955

  • 24b · Other expenses: DIETARY SERVICES CHARGE

    total $18,327 · program services $3,665 · management and general $7,331 · fundraising $7,331

  • 24c · Other expenses: DONOR RECOGNITION

    total $11,020 · program services $11,020

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $7,035 · program services $2,040 · management and general $1,337 · fundraising $3,658

  • 24e · All other expenses

    total $11,573 · program services $6,026 · management and general $1,012 · fundraising $4,535

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,734,122 · end of year $4,888,872

  • 3 · Pledges and grants receivable

    beginning of year $69,927 · end of year $1,112,094

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,215 · end of year $18,919

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

    $282,302

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

    $277,581

  • 10c · Land, buildings and equipment, net

    beginning of year $2,912 · end of year $4,721

  • 11 · Investments: publicly traded securities

    beginning of year $208,739,843 · end of year $220,667,862

  • 12 · Investments: other securities

    beginning of year $714,596 · end of year $790,996

  • 15 · Other assets

    beginning of year $304,332 · end of year $1,631,920

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,170 · end of year $72,129

  • 25 · Other liabilities

    beginning of year $159,767 · end of year $155,793

  • 27 · Net assets without donor restrictions

    beginning of year -$2,814,088 · end of year -$1,306,573

  • 28 · Net assets with donor restrictions

    beginning of year $218,169,098 · end of year $230,194,035

Mission and programs · 2023

Mission

THE INTENT IS FOR THE OHIO MASONIC HOME BENEVOLENT ENDOWMENT FOUNDATION TO FOLLOW THE MISSION OF THE OHIO MASONIC HOME. THE OHIO MASONIC HOME'S ADOPTED MISSION IS TO BE THE TRUSTED PARTNER TO HELP OUR COMMUNITIES THRIVE.

Activities or mission (Part I)

THE WORK OF THE FOUNDATION REPRESENTS THE LARGEST EXPRESSION OF THE PHILANTHROPY OF OHIO FREEMASONRY BY BEING FISCALLY RESPONSIBLE THROUGH THE USE OF SOUND INVESTMENT MANAGEMENT, FUNDRAISING AND SPENDING POLICIES, AND ACTIVITIES. THESE PRACTICES SUPPORT THE DELIVERY OF AID AND AGING SERVICES TO ALLOW INDIVIDUALS TO AGE RESPECTFULLY.

  • PHILANTHROPIC SUPPORT: THE OHIO MASONIC HOME BENEVOLENT ENDOWMENT FOUNDATION PROVIDES SUPPORT TO THE OHIO MASONIC HOME AND ITS TAX EXEMPT SUBSIDIARIES. THIS SUPPORT IS USED TO FUND THE CHARITABLE ACTIVITIES OF THE HOME AND ITS SUBSIDIARIES INCLUDING OPERATIONS OF THE HOME, MAINTENANCE AND DEVELOPMENT OF FACILITIES, AS WELL AS THE SOLICITATION OF SUPPORT ON BEHALF OF THE OHIO MASONIC HOME AND ITS SUBSIDIARIES. IN 2023, THE OHIO MASONIC HOME BENEVOLENT ENDOWMENT FOUNDATION FACILITATED $1,029,012 IN CONTRIBUTIONS FOR THE OHIO MASONIC HOME, $928,500 IN CONTRIBUTIONS FOR THE OHIO MASONIC HOME AFFILIATES, AND $1,532,903 IN CONTRIBUTIONS FOR THE OHIO MASONIC HOME BENEVOLENT ENDOWMENT FOUNDATION FOR A TOTAL OF $3,490,415.

    Expenses $481,888

As filed on the 2023 return.

Listed in Part VII

  • Raymond Fosnot Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Gregory Snead

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Earl Reader II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Clyde Huddleston Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Howard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matthew Gloor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rodney Flannery

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Fisher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott A Buchanan

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $351,795
    From this org
    $0
    From related orgs
    $313,500
    Other
    $38,295
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $313,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,093 related
    Nontaxable benefits
    $0 + $27,202 related
    Filer's total
    $0 + $351,795 related

  • Brooke Herring

    CHIEF FINANCIAL OFFICER

    Total calculated
    $216,090
    From this org
    $0
    From related orgs
    $183,462
    Other
    $32,628
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,462 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,669 related
    Nontaxable benefits
    $0 + $28,959 related
    Filer's total
    $0 + $216,090 related

  • Steven Petitjean

    COO/EXECUTIVE DIRECTOR

    Total calculated
    $219,372
    From this org
    $0
    From related orgs
    $211,538
    Other
    $7,834
    Hours/week
    19 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,538 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,346 related
    Nontaxable benefits
    $0 + $1,488 related
    Filer's total
    $0 + $219,372 related

  • Mark Harris

    DIRECTOR OF FUND DEVELOPMENT

    Total calculated
    $131,798
    From this org
    $103,708
    From related orgs
    $0
    Other
    $28,090
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I LINE 3
COMPENSATION FOR THE CEO AND CFO IS PAID AND REVIEWED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, AND COMPENSATION SURVEY OR STUDY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations 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.

  • OHIO MASONIC HOME

    501(C)(3) · ADMINISTRATIVE SERVICES · OH

  • THE OHIO MASONIC HOME AFFILIATES

    501(C)(3) · AGING SERVICES · OH

    Directly controlled by THE OHIO MASONIC HOME

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MASONIC AGING SERVICES

    C · ADMINISTRATIVE SERVICES · OH · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202423129349302582

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