THE OHIO MASONIC HOME BENEVOLENT ENDOWMENT FOUNDATION INC

EIN: 311451818 501(c)(3) Philanthropy & Grantmaking

SPRINGFIELD, OH

Total Revenue
$6,206,486
Total Expenses
$2,266,455
Total Assets
$229,115,384
Net Assets
$228,887,462
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
OH
Principal Officer
STEVE PETITJEAN
Phone
9375253003
Tax Period
2023-01-01 to 2023-12-31

THE OHIO MASONIC HOME BENEVOLENT ENDOWMENT FOUNDATION INC, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.2M in total revenue in fiscal year 2023. The organization ran a surplus of $3.9M, a strong 63% operating margin.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,616,903
Program Service Revenue $0
Investment Income $4,632,231
Other Revenue $-42,648
TOTAL REVENUE $6,206,486

Expense Breakdown

Grants Paid $0
Salaries & Benefits $582,501
Fundraising Expenses $443,704
Program Expenses $481,888
Other Expenses $1,683,954
TOTAL EXPENSES $2,266,455

Year-over-Year Comparison

2023 2022 Change
Revenue $6,206,486 $6,080,924 +0.0%
Expenses $2,266,455 $2,211,096 +0.0%
Net Income $3,940,031 $3,869,828 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
7
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$567,885
Total Directors
8
$0
Key Employees
1
$219,372
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND FOSNOT JR CHAIRMAN 1.00
Officer Director
$0 $0 $0
GREGORY SNEAD SECRETARY 1.00
Officer Director
$0 $0 $0
EARL READER II TRUSTEE 1.00
Director
$0 $0 $0
CLYDE HUDDLESTON SR TRUSTEE 1.00
Director
$0 $0 $0
MARK HOWARD TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW GLOOR TRUSTEE 1.00
Director
$0 $0 $0
RODNEY FLANNERY TRUSTEE 1.00
Director
$0 $0 $0
THOMAS FISHER TRUSTEE 1.00
Director
$0 $0 $0
SCOTT A BUCHANAN CHIEF EXECUTIVE OFFICER 1.00
Officer
$0 $38,295 $351,795
BROOKE HERRING CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $32,628 $216,090
STEVEN PETITJEAN COO/EXECUTIVE DIRECTOR 19.00
Key Emp
$0 $7,834 $219,372
MARK HARRIS DIRECTOR OF FUND DEVELOPMENT 40.00
Highest
$103,708 $28,090 $131,798
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $6,206,486 $2,266,455 $229,115,384 $3,940,031
2022 $6,080,924 $2,211,096 $215,578,947 $3,869,828
2021 $39,817,408 $2,049,081 $268,229,924 $37,768,327
2020 $11,166,085 $2,164,504 $243,587,892 $9,001,581
2019 $9,619,485 $2,133,122 $227,390,123 $7,486,363
2018 $13,300,209 $1,744,664 $209,687,316 $11,555,545
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