Masonic Charity Foundation Of New Jersey
- Assets
- $172.2m
- Revenue
- $43.3m
- Investments
- $15.7m
- Employees
- 532
- Location
- Burlington, NJ
- Founding
- 10/1990
- Data as of
- 12/2021
- EIN
- 21-0634536
Organization Overview
Masonic Charity Foundation Of New Jersey is located in Burlington, NJ. The organization was established in 1990. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Masonic Charity Foundation Of New Jersey employed 532 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Charity Foundation Of New Jersey is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Masonic Charity Foundation Of New Jersey generated $43.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $45.5m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE NURSING CARE, RETIREMENT LIVING, & HOSPICE SVCS. ADMINISTER FUNDS FOR HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SENIOR HOUSING AND HEALTHCARE SERVICES THROUGH SEVERAL AREAS OF RETIREMENT SETTINGS; RETIREMENT LIVING APARTMENTS AND COTTAGES, ASSISTED (COMPREHENSIVE PERSONAL CARE) LIVING, LONG TERM NURSING SERVICES, SHORT TERM REHABILITATION, AND RESPITE CARE. IN ADDITION, THE FOUNDATION PROVIDES SUPPORT THROUGH HOSPICE (END-OF-LIFE) CARE SERVICES.THE FOUNDATION PROVIDES NURSING CARE, PERSONAL CARE, RETIREMENT LIVING AND HOSPICE SERVICES TO RESIDENTS WHO MEET CERTAIN CRITERIA AT AMOUNTS LESS THAN ITS COST OF PROVIDING CARE. THE LEVEL OF BENEVOLENT CARE PROVIDED BY THE FOUNDATION, WHICH REPRESENTS THE DIFFERENCE BETWEEN THE CHARGES FOR PROVIDING CARE AND THE PAYMENTS RECEIVED FOR SERVICES RENDERED, WAS APPROXIMATELY $317,000 IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Abbott Director Of Development | 40 | $146,150 | |
Cindy Shemansky Administrator | 40 | $144,556 | |
Cheryl Rahilly Director Of Nursing | 40 | $131,169 | |
Maria Lima-Henriques Registered Nurse | 40 | $122,757 | |
Deborah Curtis Registered Nurse | 40 | $114,235 | |
Patricia Grieco Director Of Finance (until 07/21) | Officer | 40 | $104,528 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Corporation Food Services | 12/30/20 | $2,539,184 |
Genesis Rehabilitation Services Rehabilitation Services | 12/30/20 | $970,579 |
Ashlar Creative Solutions Management Services | 12/30/20 | $1,588,708 |
Ener-g Rudox Inc Energy Management Services | 12/30/20 | $1,098,453 |
Pnc Bank - Pension Professional Services | 12/30/20 | $750,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $95,241 |
| Government grants | $4,099,807 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,729,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,924,736 |
| Total Program Service Revenue | $30,503,895 |
| Investment income | $1,484,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,294,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,314,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,528 |
| Compensation of current officers, directors, key employees. | $104,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,893,768 |
| Pension plan accruals and contributions | $566,293 |
| Other employee benefits | $1,451,942 |
| Payroll taxes | $1,792,104 |
| Fees for services: Management | $1,551,697 |
| Fees for services: Legal | $316,235 |
| Fees for services: Accounting | $109,927 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,789,457 |
| Advertising and promotion | $213,060 |
| Office expenses | $661,547 |
| Information technology | $767,985 |
| Royalties | $0 |
| Occupancy | $3,018,782 |
| Travel | $88,458 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,052 |
| Interest | $3,686,681 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,407,894 |
| Insurance | $991,607 |
| All other expenses | $583,280 |
| Total functional expenses | $45,497,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,945 |
| Savings and temporary cash investments | $382,434 |
| Pledges and grants receivable | $20,812 |
| Accounts receivable, net | $3,380,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $906,208 |
| Inventories for sale or use | $107,000 |
| Prepaid expenses and deferred charges | $190,611 |
| Net Land, buildings, and equipment | $98,052,836 |
| Investments—publicly traded securities | $42,758,539 |
| Investments—other securities | $15,685,192 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,735,948 |
| Total assets | $172,221,934 |
| Accounts payable and accrued expenses | $3,481,658 |
| Grants payable | $0 |
| Deferred revenue | $10,528,608 |
| Tax-exempt bond liabilities | $80,899,482 |
| Escrow or custodial account liability | $65,518 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,406,016 |
| Total liabilities | $104,381,282 |
| Net assets without donor restrictions | $30,205,664 |
| Net assets with donor restrictions | $37,634,988 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $172,221,934 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Masonic Charity Foundation Of New Jersey has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Ellis Family Charitable Foundation C-O Burlington County Times Riverton, NJ PURPOSE: COVID SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $50,249,906 |
| Earnings | $3,002,093 |
| Net Contributions | $2,367,095 |
| Other Expense | $10,203,162 |
| Ending Balance | $45,415,932 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Gift Fund Wilmington, DE | $439,949,657 | $191,491,973 |
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |
Jewish Federation Of Greater Metrowest Nj Whippany, NJ | $148,757,737 | $46,864,442 |