THE NORTH CAROLINA MASONIC FOUNDATION INC

EIN: 566049500 501(c)(3) Mutual Benefit

RALEIGH, NC

Total Revenue
$2,929,544
Total Expenses
$2,524,863
Total Assets
$29,606,861
Net Assets
$29,385,434
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
NC
Principal Officer
GEORGE MARUT
Phone
9197872021
Tax Period
2024-01-01 to 2024-12-31

THE NORTH CAROLINA MASONIC FOUNDATION INC, founded in 1929, is a community nonprofit in the Mutual Benefit sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 14% surplus.

Mission

TO RECEIVE DONATIONS AND DISTRIBUTE ALL INCOME TO CHARITABLE ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $1,945,863

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

Program 2
Expenses: $14,210

PROVIDED YOUTH SCHOLARSHIPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,971,384
Program Service Revenue $0
Investment Income $959,316
Other Revenue $-1,156
TOTAL REVENUE $2,929,544

Expense Breakdown

Grants Paid $1,878,160
Salaries & Benefits $391,981
Fundraising Expenses $464,612
Program Expenses $1,960,073
Other Expenses $254,722
TOTAL EXPENSES $2,524,863

Year-over-Year Comparison

2024 2023 Change
Revenue $2,929,544 $1,705,404 +0.7%
Expenses $2,524,863 $2,467,129 +0.0%
Net Income $404,681 $-761,725 -1.5%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
N/A

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
$104,779
Total Directors
9
$104,779
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN UNDERWOOD GRAND SECRETARY 0.00
Officer Director
$0 $13,264 $104,779
BENJAMIN CRISSMAN SECRETARY 0.00
Officer Director
$0 $0 $0
LEWIS R LEDFORD TREASURER 0.00
Officer Director
$0 $0 $0
JOHN E BURNS CHAIRMAN 0.00
Officer Director
$0 $0 $0
MICHAEL REGISTER MEMBER - BOD 0.00
Director
$0 $0 $0
DAN C RICE MEMBER - BOD 0.00
Director
$0 $0 $0
ROBERT E GRESHAM JR MEMBER - BOD 0.00
Director
$0 $0 $0
LEONARD Y SAFRIT JR MEMBER - BOD 0.00
Director
$0 $0 $0
MICHAEL A FAULKENBURY MEMBER-BOD 0.00
Director
$0 $0 $0
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 $2,929,544 $2,524,863 $29,606,861 $404,681
2023 $1,705,404 $2,467,129 $25,710,421 $-761,725
2022 $1,609,207 $2,027,297 $23,248,960 $-418,090
2021 $2,708,508 $3,203,899 $28,610,068 $-495,391
2020 $896,828 $2,919,933 $25,803,871 $-2,023,105
2019 $1,315,307 $4,091,261 $25,902,774 $-2,775,954
2018 $1,479,454 $2,288,252 $25,838,561 $-808,798
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