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Nonprofit · EIN 56-6049500

NORTH CAROLINA MASONIC FOUNDATION INC

Tax-exempt · RALEIGH, NC 27608

Financials

$1.7M$2.5M2023$2.9M$2.5M2024
Revenue Expenses · by fiscal year end
Financials of NORTH CAROLINA MASONIC FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,929,544$2,524,863$404,681$29,606,861$221,427$29,385,434
December 31, 2023990$1,705,404$2,467,129-$761,725$25,710,421$227,888$25,482,533
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,971,384
Program service revenue
$0
Investment income
$959,316
Net rental income
-$1,156
Net gain from sales of assets
$686,624
Other revenue
-$1,156

Expenses

Grants and similar amounts paid
$1,878,160
Other salaries and wages
$300,751
Salaries, compensation and benefits (total)
$391,981
Professional fundraising fees
$0
Legal fees
$1,487
Accounting fees
$3,850
Travel
$28,776
Program services (functional)
$1,960,073
Management and general (functional)
$100,178
Fundraising (functional)
$464,612

Balance sheet and other

Total assets, start of year
$25,710,421
Total assets, end of year
$29,606,861
Total liabilities, end of year
$221,427
Net assets, end of year
$29,385,434
Land, buildings and equipment
$1,598,264
Publicly traded securities
$26,303,945
Net assets without donor restrictions
$27,290,802
Net assets with donor restrictions
$2,094,632
Gross receipts
$4,686,265
Employees
2
Volunteers
0
Year formed
1929
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JONATHAN UNDERWOODGRAND SECRETARY
Trustee or director, Officer
0$0$91,515$13,264
BENJAMIN CRISSMANSECRETARY
Trustee or director, Officer
0$0$0$0
LEWIS R LEDFORDTREASURER
Trustee or director, Officer
0$0$0$0
JOHN E BURNSCHAIRMAN
Trustee or director, Officer
0$0$0$0
MICHAEL REGISTERMEMBER - BOD
Trustee or director
0$0$0$0
DAN C RICEMEMBER - BOD
Trustee or director
0$0$0$0
ROBERT E GRESHAM JRMEMBER - BOD
Trustee or director
0$0$0$0
LEONARD Y SAFRIT JRMEMBER - BOD
Trustee or director
0$0$0$0
MICHAEL A FAULKENBURYMEMBER-BOD
Trustee or director
0$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JONATHAN UNDERWOODGRAND SECRETARY
Trustee or director, Officer
0$0$90,857$37,592
MICHAEL A FAULKENBURYMEMBER-BOD
Trustee or director
0$0$0$0
JOHN E BURNSCHAIRMAN
Trustee or director, Officer
0$0$0$0
LEWIS R LEDFORDTREASURER
Trustee or director, Officer
0$0$0$0
LEONARD Y SAFRIT JRMEMBER - BOD
Trustee or director
0$0$0$0
ROBERT E GRESHAM JRMEMBER - BOD
Trustee or director
0$0$0$0
DAN C RICEMEMBER - BOD
Trustee or director
0$0$0$0
BENJAMIN CRISSMANSECRETARY
Trustee or director, Officer
0$0$0$0
GILBERT D BAILEYMEMBER - BOD
Trustee or director
0$0$0$0

Address and contacts

Address (IRS master file)
2921 GLENWOOD AVE, RALEIGH, NC 27608-1009
Principal officer (990 for 2024)
GEORGE MARUT, PO BOX 6506, RALEIGH, NC 276286506
Signed the 990
GEORGE MARUT, PRESIDENT
Phone
(919) 787-2021
Return prepared by
BERNARD ROBINSON & COMPANY LLP

Mission

TO RECEIVE DONATIONS AND DISTRIBUTE ALL INCOME TO CHARITABLE ORGANIZATIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED SUPPORT FOR THE MASONIC HOME FOR CHILDREN AT OXFORD AND THE MASONIC AND EASTERN STAR HOME OF NC.
    Expenses $1,945,863 · grants $1,863,950
  • PROVIDED YOUTH SCHOLARSHIPS.
    Expenses $14,210 · grants $14,210

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-6049500
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1941
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$29,606,861
Income (IRS master file)
$4,686,265

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,929,544$2,524,863$29,606,861XML
990December 2023$1,705,404$2,467,129$25,710,421XML
990December 2022$1,609,207$2,027,297$23,248,960IRS
990December 2021$2,708,508$3,203,899$28,610,068IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-6049500).

Questions about NORTH CAROLINA MASONIC FOUNDATION INC

What is the EIN of NORTH CAROLINA MASONIC FOUNDATION INC?
The employer identification number (EIN) of NORTH CAROLINA MASONIC FOUNDATION INC is 56-6049500.
Is NORTH CAROLINA MASONIC FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1941.
Are donations to NORTH CAROLINA MASONIC FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does NORTH CAROLINA MASONIC FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NORTH CAROLINA MASONIC FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NORTH CAROLINA MASONIC FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NORTH CAROLINA MASONIC FOUNDATION INC?
The 990 for the year ended December 31, 2024 names GEORGE MARUT.
Who are the officers and directors of NORTH CAROLINA MASONIC FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does NORTH CAROLINA MASONIC FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,929,544, expenses of $2,524,863 and total assets of $29,606,861 at year end.

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