Overview
What is The North Carolina Masonic Foundation Inc?
The North Carolina Masonic Foundation Inc is a nonprofit organization situated in Raleigh, North Carolina. Its primary mission is to collect donations and distribute the entire income to charitable organizations. Specifically, it has been instrumental in providing support for two notable causes: The Masonic Home for Children at Oxford and the Masonic & Eastern Star Home of NC. While the exact nature of the support provided is not specified in the information, it can be inferred that the foundation contributes financially or in other forms to these organizations. The foundation operates with a modest workforce of three individuals.
Is The North Carolina Masonic Foundation Inc legitimate?
The North Carolina Masonic Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The North Carolina Masonic Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $397,970
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What is the mission statement of The North Carolina Masonic Foundation Inc?
The North Carolina Masonic Foundation's primary mission is to collect donations and distribute all income to charitable organizations. This philanthropic entity is committed to channeling its resources towards various charitable organizations. Notably, the foundation has provided support to the Masonic Home for Children at Oxford and the Masonic and Eastern Star Home of North Carolina.
Who is the CEO of The North Carolina Masonic Foundation Inc?
Jonathan A Underwood is the Chairman of The North Carolina Masonic Foundation Inc.
What is the revenue of The North Carolina Masonic Foundation Inc?
The North Carolina Masonic Foundation Inc's revenue in 2022 was $1,609,207.
Who are the executives of The North Carolina Masonic Foundation Inc and what are their salaries?
The average compensation at The North Carolina Masonic Foundation Inc during 2022 was $132,657. There are 3 employees at The North Carolina Masonic Foundation Inc.
Here are 7 key members and their salaries:
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- Related: $75,729
- Other: $70,398
Where can I find the form 990 for The North Carolina Masonic Foundation Inc?
The North Carolina Masonic Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The North Carolina Masonic Foundation Inc
The North Carolina Masonic Foundation Inc is dedicated to collecting donations and distributing its entire income to charitable organizations. This philanthropic organization plays a significant role in supporting various charitable causes, channeling its resources to deserving beneficiaries. Specifically, it has provided vital assistance to the Masonic Home for Children at Oxford and the Masonic and Eastern Star Home of North Carolina. By lending its financial support to these institutions, the North Carolina Masonic Foundation Inc contributes to the betterment of children and families in need, embodying its mission to generously contribute to the charitable sector.
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Impact
October, 2024
The North Carolina Masonic Foundation Inc plays a significant role in supporting various charitable organizations and initiatives in the state. By actively receiving donations, the Foundation ensures that financial resources are channeled to causes that benefit the community, particularly focusing on the Masonic Home for Children at Oxford and the Masonic and Eastern Star Home of NC.
Through its mission of distributing all income to charitable endeavors, the Foundation makes a meaningful impact on the lives of children and families in need, promoting stability and support within the community. The collective efforts of the Foundation enhance the welfare of vulnerable populations, showcasing a commitment to mutual benefit and care for those who require assistance.
This information is meant to be a general summary of The North Carolina Masonic Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $208,584
- Gross Receipts: $3,066,838
Assets and Liabilities:
- Total Assets: $23,248,960
- Total Liabilities: $358,784
- Net Assets: $22,890,176
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Organization Details
Founding Year
1929
Phone
(919) 787-2021Principal Officer
Jonathan A Underwood
Main Address
PO BOX 6506, RALEIGH, NC, 276286506
NTEE Category
Code: Y40Z - Mutual benefit
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