2024-05-05T18:54:02-07:00 2023-12-31 990 2023-01-01 261798639 NORWOOD MASONIC TEMPLE FOUNDATION INCORPORATED Carl H Lindner Sr Norwood Masonic Center NORW 5136932056 2020 Hopkins Avenue Norwood OH 451403022 Daniel Vinson Treasurer-Emeritis 5136834779 2024-01-01 Daniel Vinson 999009999 1 0 11 0 AAL2 2023 2023-04-26 12:10:37Z Stanley J Anderson 9944 Washington Avenue Loveland OH 45140 114131 0 X X 2006 OH Education/Charitable purposes, providing accommodation to Masonic Bodies, local Charitable Organizations, The Carl H Jr. and Edyth Lindner Children's Dyslexic Learning Center (Norwood Branch) and award annual academic scholarships to Greater Cincinnati Youth. 12 12 1 100 0 0 52376 62732 0 0 24385 51399 24150 0 100911 114131 0 0 10980 11194 4470 0 0 78617 100189 94067 111383 6844 2748 795281 920353 0 0 795281 920353 X PROVIDE ACCOMMODATION TO AREA MASONIC BODIES, AFFILIATED CHARITABLE ORGANIZATIONS, COMMUNITY ORGANIZATIONS AND EVENTS. PROVIDE SCHOLARSHIP AWARDS TO AREA YOUTH AND CLASSROOM/OFFICE SPACE TO THE CARL H JR. AND EDYTH LINDNER CHILDRENS DYSLEXIC LEARNING CENTER AND MAINTAIN, PRESERVE AN HISTORICAL BUILDING IN NORWOOD, OHIO 45212. 0 0 13000 116788 PROVIDED AREA YOUTH SCHOLARSHIPS IN 2023 OF 13,000 23747 116788 UTILITIES EXPENSES TO HEAT AND COOL BUILDING 49660 116788 ROUTINE REPAIR AND MAINTENANCE EXPENSES, FACILITIES REPAIR AND MAINTENANCE ARE HIGHER THAN USUAL DUE TO INTERIOR RE-PLASTERING COSTS OF $33,945. 9474 0 0 OTHER PROGRAM SERVICES 9474 0 0 95881 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 0 0 1 1 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 0 X STANLEY J ANDERSON 5136932056 2020 Hopkins Avenue Norwood OH 451403022 BOBBY W HAYS BUILDING MANAGER/DIRECTOR 20 0 X X X 10200 0 0 BOBBY C BARBER CHAIRMAN/PRESIDENT OF BOARD 4 0 X X 0 0 0 JOHN T PHELPS SECRETARY 2 0 X X 0 0 0 DONNIE BANKS 2ND VICE PRESIDENT 2 0 X X 0 0 0 DARRELL D DUNCAN 1ST VICE PRESIDENT 2 0 X X 0 0 0 STANLEY J ANDERSON TREASURER 4 0 X X 0 0 0 HAROLD ELLIOT DIRECTOR 1 0 X 0 0 0 RALPH MCLEMORE DIRECTOR 1 0 X 0 0 0 TRAVIS ROY DIRECTOR 1 0 X 0 0 0 WILLIAM BENDER DIRECTOR 1 0 X 0 0 0 WILLIAM MALTBIE DIRECTOR 1 0 X 0 0 0 DANIEL M VINSON TREASURER-EMERITIS 1 0 X 0 0 0 10200 0 0 0 0 0 0 0 X 0 0 3768 39300 0 19664 0 62732 0 51399 0 0 51399 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 114131 0 0 51399 10200 10200 994 994 750 750 688 688 2870 2870 8665 8665 SCHOLARSHIP AWARDS 13000 13000 0 0 UTILITIES EXPENSE 23747 23747 0 0 REPAIRS & MAINTENANCE/CONTRACTS 49660 49660 0 0 DONATIONS-MASONIC/NON-MASONIC 700 700 0 0 109 109 111383 95881 15502 0 26434 13083 681673 820096 87174 0 87174 87174 795281 920353 0 0 X 795281 920353 0 0 795281 920353 795281 920353 X 2748 0 0 0 122324 0 X 0 0 0 X 67947 82919 54963 52376 58964 317169 5502 5734 9002 24150 3768 48156 73449 88653 63965 76526 62732 365325 365325 30953 18080 31128 24385 51399 155945 104402 106733 95093 100911 114131 521270 0.70084 0.76 0 0 X Schedule A, Part III, Line 12 OTHER INCOME: $51,399 INVESTMENT INCOME, $51,399 FOR 2023, AND ALL YEARS, FROM SAVINGS ACCOUNTS, IS RECORDED ON LINE 12 BECAUSE THE FOUNDATION IS AN, ORGANIZATION IN WHICH SUBSTANTIALLY ALL WORK IS PERFORMED BY VOLUNTEERS, PER SECTION 513(A)2, AND IS AN ORGANIZATION WHOSE, TRADE, BUSINESS IS CARRIED ON PRIMARILY FOR THE CONVENIENCE OF IT'S MEMBERS, OFFICERS AND EMPLOYEES. MEMBERS OF THE GOVERNING BOARD ARE NOT COMPENSATED NOR ARE ANY OF THE VOLUNTEERS WITH THE EXCEPTION OF THE BUILDING MANAGER. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 16132 16132 0 71042 0 71042 0 0 0 0 0 0 0 0 0 0 0 0 87174 Form 990, Part III, Line 4d OTHER EXPENSES CONSISTS OF INFORMATION TECHNOLOGY COSTS OF $2,870; MEMBER GOLF OUTING EXPENSES OF $2,657; SALARIES AND BENEFIT EXPENSE OF $11,994; OFFICE, COMMUNITY DONATIONS, INSURANCE , AND MISCELLANEOUS EXPENSES OF $7,455. Form 990, Part V, Line 2a THE FOUNDATION ONLY EMPLOYS ONE PART TIME EMPLOYEE. Form 990, Part VI, Section A, Line 8a ALL FOUNDATION DOCUMENTS ARE KEPT INDEFINITELY BY THE SECRETARY AND/OR THE TREASURER. Form 990, Part VI, Section B, Line 11b FORM 990 IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. COPIES ARE SENT TO RELATED ORGANIZATIONS UPON REQUEST. THE GENERAL PUBLIC MAY REVIEW COPIES OR RECEIVE COPIES UPON REQUEST FOR A SMALL FEE. CONFLICT OF INTEREST STATEMENTS ARE COMPLETED BY BOARD MEMBERS ANNUALLY AFTER THE CONFLICT OF INTEREST POLICY IS REVIEWED BY ALL BOARD MEMBERS. Form 990, Part VI, Section B, Line 12c PURSUANT TO BOARD REQUIREMENTS, THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY BOARD MEMBERS AND EACH MEMBER IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST REVIEW AND SIGN TO THAT EFFECT. Form 990, Part VI, Section B, Line 15 THE BUILDING MANAGER SALARY IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. Form 990, Part VI, Section C, Line 19 COPIES OF FORM 990 AND ALL CORPORATE DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AND FOR A SMALL COPY CHARGE. Form 990, Part VIII, Line 3 INVESTMENT INCOME FROM SAVINGS, RECORDED ON LINE 3, AND ALSO ON SCHEDULE A, PART III, LINE 12, $51,399 IS INCOME FROM INVESTED SAVINGS BECAUSE THE FOUNDATION IS AN; ORGANIZATION IN WHICH SUBSTANTIALLY ALL WORK IS PERFORMED BY VOLUNTEERS; PER SECTION 513(A)(2), AND IS AN; ORGANIZATION WHOSE TRADE AND BUSINESS IS CARRIED ON PRIMARILY FOR THE CONVENIENCE OF IT'S MEMBERS, OFFICERS AND EMPLOYEES. THE GOVERNING BOARD OF DIRECTORS ARE NOT COMPENSATED NOR ARE THE VOLUNTEERS. THERE IS ONE PAID PART TIME EMPLOYEE. Form 990, Part XI, Line 8 PRIOR PERIOD ADJUSTMENTS OF $122,324 WERE REQUIRED AFTER AN INTERNAL AUDIT DISCOVERED THAT IN YEARS 2021 AND 2022 INVESTMENT INCOME WAS UNDERSTATED FOR BOTH YEARS. THE INTERNAL AUDIT, CONDUCTED BY FOUNDATION MEMBERS, ALSO REVEALED AN ENTRY MADE TO THE 2022 990 OF OVER $94,000 TO SHOW AN; UNREALIZED LOSS ON SALES OF INVESTMENTS. THE ENTRY WAS MADE BY THE PAID PREPARER IN 2202. THE ENTRY WAS INCORRECT AS THE FOUNDATION USES THE CASH BASIS OF ACCOUNTING AND DOES NOT ADJUST FOR MARK TO MARKET VALUES.