North Carolina Masonic Foundation Inc
Donations deductibleRevenue
$2.9m
year to 31 December 2024
Expenses
$2.5m
year to 31 December 2024
Total assets
$29.6m
$221k liabilities
Net assets
$29.4m
assets less liabilities
Directors and trustees
9
6.3 years on average
Staff
2
employees, year to 31 December 2024
Chair observed
≥3 yrs
John E Burns
Left since last filing
0
no seats appear to have opened
North Carolina Masonic Foundation Inc's network
9 people3 organisationsi9 people and 3 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (9). Violet dotted lines (9) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
9 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 8 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| John E Burns Chair | Chairman | 2021 | 5 yrs |
| Benjamin Crissman | Company secretary | 2023 | 3 yrs |
| Dan C Rice | Member - Bod | 2018 | 8 yrs |
| Jonathan A Underwood (also filed as Jonathan Underwood) | Grand Secretary | 2023 | 3 yrs |
| Leonard Y Safrit JR | Member - Bod | 2018 | 8 yrs |
| Lewis R Ledford | Treasurer | 2018 | 8 yrs |
| Michael A Faulkenbury | Member-Bod | 2018 | 8 yrs |
| Michael Register | Member - Bod | 2024 | 2 yrs |
| Robert E Gresham JR | Member - Bod | 2018 | 8 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
2 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Jonathan A Underwood | Company secretary | since 2020 |
| T Walton Clapp III | Company secretary | since 2018 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Jonathan Underwood | Grand Secretary | 0 | $0 | $92k | $13k |
| Benjamin Crissman | Secretary | 0 | $0 | ||
| Lewis R Ledford | Treasurer | 0 | $0 | ||
| John E Burns | Chairman | 0 | $0 | ||
| Michael Register | Member - Bod | 0 | $0 | ||
| Dan C Rice | Member - Bod | 0 | $0 | ||
| Robert E Gresham Jr | Member - Bod | 0 | $0 | ||
| Leonard Y Safrit Jr | Member - Bod | 0 | $0 | ||
| Michael A Faulkenbury | Member-Bod | 0 | $0 |
About
- Legal name
- North Carolina Masonic Foundation Inc
- EIN
- 566049500
- Address
- 2921 Glenwood Ave, Raleigh, NC, 27608-1009
- State
- North Carolina
- Mission
- To receive donations and distribute all income to charitable organizations. (as filed on the Form 990)
- Activity (NTEE)
- Y40Z Mutual and membership benefit
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Mutual & Membership Benefit
- Size band
- 8 (IRS master file code)
- Formed
- 1929
- Principal officer
- George Marut (as named on the Form 990)
- IRS ruling date
- 1 July 1941
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2024
- IRS Publication 78
- SOUNK (contributions deductible)
Most connected
Related organisations (Schedule R)
RelatedSUPPORT ACTIVITIES OF INDIVIDUAL NC MASONSThe Grand Lodge of Af and Am of NcRelatedHOME FOR CHILDRENThe Masonic Home for Children at OxfordRelatedHOME FOR ELDERLYMasonic Home and Eastern Star of Nc Inc
Longest observed on the filings
≥8years on the filingsDan C Rice
≥8years on the filingsLeonard Y Safrit JR
≥8years on the filingsLewis R Ledford
≥8years on the filingsMichael A Faulkenbury
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $29.6m
- Total liabilities
- $221k
- Net assets or fund balances
- $29.4m
- Contributions and grants received
- $2m
- Program service revenue
- $0
- Grants and similar paid out
- $1.9m
- Employees
- 2
Filed finances
2 yearsiTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $2.9m | $2.5m | $405k |
| 2023 | $1.7m | $2.5m | Deficit $762k |
As filed on the IRS Form 990. US dollars.
Grants paid
2 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Masonic and Eastern Star Home of Nc | Provide support for the activities of masonic and eastern home of nc | $952k |
| The Masonic Home for Children at Oxford | Provide support for the activities of the masonic home for children at oxford | $419k |