North Carolina Masonic Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Mutual/Membership Benefit Organizations, Other / Fraternal Beneficiary Societies (NTEE)

Donations to this organization are tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,929,544
Expenses
$2,524,863
Net Income
$404,681
Net Assets
$29,385,434
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,971,384
67.3%
Program Services $0
Investment Income $272,692
9.3%
Bond Proceeds $0
Royalties $0
Rental Property Income -$1,156
Net Fundraising $0
Sales of Assets $686,624
23.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $300,751
11.9%
Assets/Debt
Total Assets $29,606,861
Total Liabilities $221,427
Net Assets $29,385,434
Compensation
Key Employees and Officers Compensation Related Other
Jonathan Underwood (Grand Secretary) $0 $91,515 $13,264
Benjamin Crissman (Secretary) $0 $0 $0
Lewis R Ledford (Treasurer) $0 $0 $0
John E Burns (Chairman) $0 $0 $0
Michael Register (Member - Bod) $0 $0 $0
Dan C Rice (Member - Bod) $0 $0 $0
Robert E Gresham Jr (Member - Bod) $0 $0 $0
Leonard Y Safrit Jr (Member - Bod) $0 $0 $0
Michael A Faulkenbury (Member-bod) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,705,404
Expenses
$2,467,129
Net Income
-$761,725
Net Assets
$25,482,533
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,359,440
79.7%
Program Services $0
Investment Income $304,751
17.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,332
0.7%
Net Fundraising $0
Sales of Assets $28,881
1.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $300,296
12.2%
Assets/Debt
Total Assets $25,710,421
Total Liabilities $227,888
Net Assets $25,482,533
Compensation
Key Employees and Officers Compensation Related Other
Michael A Faulkenbury (Member-bod) $0 $0 $0
John E Burns (Chairman) $0 $0 $0
Lewis R Ledford (Treasurer) $0 $0 $0
Leonard Y Safrit Jr (Member - Bod) $0 $0 $0
Robert E Gresham Jr (Member - Bod) $0 $0 $0
Dan C Rice (Member - Bod) $0 $0 $0
Benjamin Crissman (Secretary) $0 $0 $0
Gilbert D Bailey (Member - Bod) $0 $0 $0
Jonathan Underwood (Grand Secretary) $0 $90,857 $37,592

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,609,207
Expenses
$2,027,297
Net Income
-$418,090
Net Assets
$22,890,176
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,208,800
75.1%
Program Services $0
Investment Income $244,537
15.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $40,152
2.5%
Net Fundraising $0
Sales of Assets -$35,953
Net Inventory Sales $0
Other Revenue $151,671
9.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $397,970
19.6%
Assets/Debt
Total Assets $23,248,960
Total Liabilities $358,784
Net Assets $22,890,176
Compensation
Key Employees and Officers Compensation Related Other
Michael A Faulkenbury (Chairman) $0 $0 $0
John E Burns (Member - Bod) $0 $0 $0
Lewis R Ledford (Treasurer) $0 $0 $0
Leonard Y Safrit Jr (Member - Bod) $0 $0 $0
Robert E Gresham Jr (Member - Bod) $0 $0 $0
Dan C Rice (Member - Bod) $0 $0 $0
Jonathan A Underwood (Secretary) $0 $75,729 $70,398

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,708,508
Expenses
$3,203,899
Net Income
-$495,391
Net Assets
$28,162,537
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,838,571
67.9%
Program Services $0
Investment Income $266,843
9.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $36,521
1.3%
Net Fundraising $0
Sales of Assets $556,433
20.5%
Net Inventory Sales $0
Other Revenue $10,140
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $402,175
12.6%
Assets/Debt
Total Assets $28,610,068
Total Liabilities $447,531
Net Assets $28,162,537
Compensation
Key Employees and Officers Compensation Related Other
Michael A Faulkenbury (Chairman) $0 $0 $0
John E Burns (Member - Bod) $0 $0 $0
Lewis R Ledford (Treasurer) $0 $0 $0
Leonard Y Safrit Jr (Member - Bod) $0 $0 $0
Robert E Gresham Jr (Member - Bod) $0 $0 $0
Dan C Rice (Member - Bod) $0 $0 $0
Jonathan A Underwood (Secretary) $0 $68,123 $12,590

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$896,828
Expenses
$2,919,933
Net Income
-$2,023,105
Net Assets
$25,432,809
Notable Sources of Revenue Percent of Total Revenue
Contributions $518,204
57.8%
Program Services $0
Investment Income $269,911
30.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $13,962
1.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $94,751
10.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $478,526
16.4%
Assets/Debt
Total Assets $25,803,871
Total Liabilities $371,062
Net Assets $25,432,809
Compensation
Key Employees and Officers Compensation Related Other
Michael A Faulkenbury (Chairman) $0 $0 $0
Leonard Y Safrit Jr (Membor-bod) $0 $0 $0
Guy E Cline Iii (Member-bod) $0 $0 $0
Robert E Gresham Jr (Membor-bod) $0 $0 $0
Dan C Rice (Membor-bod) $0 $0 $0
Lewis R Ledford (Treasurer) $0 $0 $0
Jonathan A Underwood (Secretary) $0 $60,123 $7,816

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,315,307
Expenses
$4,091,261
Net Income
-$2,775,954
Net Assets
$24,877,998
Notable Sources of Revenue Percent of Total Revenue
Contributions $948,088
72.1%
Program Services $0
Investment Income $334,134
25.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $19,685
1.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,400
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $464,478
11.4%
Assets/Debt
Total Assets $25,902,774
Total Liabilities $1,024,776
Net Assets $24,877,998
Compensation
Key Employees and Officers Compensation Related Other
T Walton Clapp Iii (Secretary) $0 $97,557 $12,969
Michael A Faulkenbury (Chairman) $0 $0 $0
Guy E Cline Iii (Member-bod) $0 $0 $0
Leonard Y Safrit Jr (Membor-bod) $0 $0 $0
Robert E Gresham Jr (Membor-bod) $0 $0 $0
Lewis R Ledford (Treasurer) $0 $0 $0
Dan C Rice (Membor-bod) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,479,454
Expenses
$2,288,252
Net Income
-$808,798
Net Assets
$22,137,478
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,341,931
90.7%
Program Services $0
Investment Income $87,467
5.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $27,834
1.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $22,222
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $448,494
19.6%
Assets/Debt
Total Assets $25,838,561
Total Liabilities $3,701,083
Net Assets $22,137,478
Compensation
Key Employees and Officers Compensation Related Other
Michael A Faulkenbury (Chairman) $0 $0 $0
Lewis R Ledford (Treasurer) $0 $0 $0
Leonard Y Safrit Jr (Membor-bod) $0 $0 $0
Robert E Gresham Jr (Membor-bod) $0 $0 $0
Guy E Cline Iii (Member-bod) $0 $0 $0
Dan C Rice (Membor-bod) $0 $0 $0
T Walton Clapp Iii (Secretary) $0 $97,347 $14,487

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$797,945
Expenses
$1,797,743
Net Income
-$999,798
Net Assets
$25,030,446
Notable Sources of Revenue Percent of Total Revenue
Contributions $822,980
> 100%
Program Services $0
Investment Income $100,600
12.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,136
0.8%
Net Fundraising $0
Sales of Assets -$143,144
Net Inventory Sales $0
Other Revenue $11,373
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $377,042
21.0%
Assets/Debt
Total Assets $28,669,094
Total Liabilities $3,638,648
Net Assets $25,030,446
Compensation
Key Employees and Officers Compensation Related Other
Michael A Faulkenbury (Chairman) $0 $0 $0
Lewis R Ledford (Treasurer) $0 $0 $0
Leonard Y Safrit Jr (Membor-bod) $0 $0 $0
Robert E Gresham Jr (Membor-bod) $0 $0 $0
Guy E Cline Iii (Member-bod) $0 $0 $0
Dan C Rice (Membor-bod) $0 $0 $0
T Walton Clapp Iii (Secretary) $0 $94,992 $14,836

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$744,150
Expenses
$879,616
Net Income
-$135,466
Net Assets
$22,591,946
Notable Sources of Revenue Percent of Total Revenue
Contributions $647,801
87.1%
Program Services $0
Investment Income $88,534
11.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,396
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,419
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $48,500
5.5%
Assets/Debt
Total Assets $25,742,902
Total Liabilities $3,150,956
Net Assets $22,591,946
Compensation
Key Employees and Officers Compensation Related Other
Michael A Faulkenbury (Chairman) $0 $0 $0
Lewis R Ledford (Treasurer) $0 $0 $0
Leonard Y Safrit Jr (Membor-bod) $0 $0 $0
William G Mathis (Member-bod) $0 $0 $0
Robert E Gresham Jr (Membor-bod) $0 $0 $0
Guy E Cline Iii (Member-bod) $0 $0 $0
Dan C Rice (Membor-bod) $0 $0 $0
T Walton Clapp Iii (Secretary) $0 $92,783 $14,200

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$426,240
Expenses
$714,651
Net Income
-$288,411
Net Assets
$20,601,527
Notable Sources of Revenue Percent of Total Revenue
Contributions $148,876
34.9%
Program Services $0
Investment Income $282,850
66.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $28,930
6.8%
Net Fundraising $0
Sales of Assets -$50,686
Net Inventory Sales $0
Other Revenue $16,270
3.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $24,369,389
Total Liabilities $3,767,862
Net Assets $20,601,527
Compensation
Key Employees and Officers Compensation Related Other
Leonard Y Safrit (President) $0 $0 $0
Bob Gresham (Vice President) $0 $0 $0
Lewis R Ledford (Treasurer) $0 $0 $0
Mike Faulkenbury (Director) $0 $0 $0
William G Mathis (Director) $0 $0 $0
David B Wilson (Director) $0 $0 $0
T Walton Clapp Iii (Secretary) $0 $90,809 $11,032

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$618,785
Expenses
$652,792
Net Income
-$34,007
Net Assets
$20,922,764
Notable Sources of Revenue Percent of Total Revenue
Contributions $55,512
9.0%
Program Services $0
Investment Income $309,301
50.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $33,050
5.3%
Net Fundraising $0
Sales of Assets $210,755
34.1%
Net Inventory Sales $0
Other Revenue $10,167
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $24,426,485
Total Liabilities $3,503,721
Net Assets $20,922,764
Compensation
Key Employees and Officers Compensation Related Other
Leonard Y Safrit (President) $0 $0 $0
Bob Gresham (Vice President) $0 $0 $0
Lewis R Ledford (Treasurer) $0 $0 $0
Mike Faulkenbury (Director) $0 $0 $0
William G Mathis (Director) $0 $0 $0
David B Wilson (Director) $0 $0 $0
T Walton Clapp Iii (Secretary) $0 $87,384 $13,446

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$792,757
Expenses
$563,907
Net Income
$228,850
Net Assets
$19,620,902
Notable Sources of Revenue Percent of Total Revenue
Contributions $524,726
66.2%
Program Services $0
Investment Income $236,374
29.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $22,718
2.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,939
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $22,998,730
Total Liabilities $3,377,828
Net Assets $19,620,902
Compensation
Key Employees and Officers Compensation Related Other
Leonard Y Safrit (President) $0 $0 $0
Bob Gresham (Vice President) $0 $0 $0
Lewis R Ledford (Treasurer) $0 $0 $0
Mike Faulkenbury (Director) $0 $0 $0
James G Martin (Director) $0 $0 $0
William G Mathis (Director) $0 $0 $0
David B Wilson (Director) $0 $0 $0
T Walton Clapp Iii (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$921,556
Expenses
$446,581
Net Income
$474,975
Net Assets
$15,973,209
Notable Sources of Revenue Percent of Total Revenue
Contributions $271,150
29.4%
Program Services $0
Investment Income $228,341
24.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $24,607
2.7%
Net Fundraising $0
Sales of Assets $393,355
42.7%
Net Inventory Sales $0
Other Revenue $4,103
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $15,980,828
Total Liabilities $7,619
Net Assets $15,973,209

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$379,529
Expenses
$399,402
Net Income
-$19,873
Net Assets
$14,587,287
Notable Sources of Revenue Percent of Total Revenue
Contributions $159,981
42.2%
Program Services $22,106
5.8%
Investment Income $144,101
38.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $38,967
10.3%
Net Fundraising $0
Sales of Assets $6,917
1.8%
Net Inventory Sales $0
Other Revenue $7,457
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,758,633
Total Liabilities $171,346
Net Assets $14,587,287

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
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