NEW BERN YORK RITE HOLDING CORPORATION

EIN: 902636359

NEW BERN, NC

Total Revenue
$103,517
Total Expenses
$44,664
Total Assets
$417,941
Net Assets
$409,783
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
NC
Principal Officer
WARREN G TAYLOR
Phone
2526373632
Tax Period
2024-01-01 to 2024-12-31

NEW BERN YORK RITE HOLDING CORPORATION is a small nonprofit that reported $104K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 57% operating margin.

Mission

THE ORGANIZATION IS A MASONIC ORGANIZATION. IT IS A HOLDING CORPORATION FOR THE REAL ESTATE OF THE YORK RITE BODIES IN NEW BERN, NC. THE CORPORATION MAINTAINS THE BUILDING AND LAND OWNED BY THE YORK RITE BODIES. THE BUILDING PROVIDE A PLACE FOR THE YORK RITE BODIES TO MEET AND HAVE MONEY RAISING AFFAIRS. THE CORPORATION PROVIDES A MEETING PLACE FOR SEVERAL OTHER MASONIC RELATED ORGANIZATIONS TO MEET FOR A SMALL CHARGE. THE CORPORATION ALSO RENTS THE BUILDING FOR VARIOUS OTHER ACTIVITIES, NOT MASONIC RELATED. THE CORPORATINO ALSO HAS ALLOWED BRANCH BANKING AND TRUST COMPANY TO BUILDING A BUILDING ON THEIR LAND AND HAS A LONG TERM LEASE TO THEM FOR THE LAND. MAIN MISSION: THE CORPORATION WAS FORMED TO ASSUME TITLE TO LAND ON WHICH THE NEW BERN YORK RITE BODIES COULD MEET, STORE COSTUMES AND EQUIPMENT, AND PRESENT DEGREE WORK TO CANDIDATES WANTING TO JOIN. IT SI ALLIED WITH THE ANCIEN & ACCEPTED ORDER OF MASONS OF THE UNITED STATES.

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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 $13,304
Program Service Revenue $0
Investment Income $42,918
Other Revenue $47,295
TOTAL REVENUE $103,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $43,764
Other Expenses $44,664
TOTAL EXPENSES $44,664

Year-over-Year Comparison

2024 2023 Change
Revenue $103,517 $85,515 +0.2%
Expenses $44,664 $40,220 +0.1%
Net Income $58,853 $45,295 +0.3%
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
162
Independent Members
11
Employees
N/A
Volunteers
162

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
7
$14,200
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WARREN G TAYLOR SECRETARY 25.00
Officer
$14,200 $0 $14,200
DOMINIC GIORGANNI DIRECTOR N/A
Director
$0 $0 $0
CHAD HANSON DIRECTOR N/A
Director
$0 $0 $0
RUSSELL RAINEAR DIRECTOR N/A
Director
$0 $0 $0
BILL SANFORD DIRECTOR N/A
Director
$0 $0 $0
RUSSELL BAUER HIGH PREIST N/A
Officer
$0 $0 $0
GLEN CARPENTER VICE PRESIDE N/A
Officer
$0 $0 $0
CHARLES PHILLIPS COMMANDER N/A
Officer
$0 $0 $0
ARTHUR ROMANS ILLUSTRIOUS N/A
Officer
$0 $0 $0
SPARKIE TRAVIS PRESIDENT N/A
Officer
$0 $0 $0
FREDERICK H WHITTY TREASURER N/A
Officer
$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 $103,517 $44,664 $417,941 $58,853
2023 $85,515 $40,220 $359,994 $45,295
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