Mason Wright Foundation Inc
- Assets
- $18.2m
- Revenue
- $3.5m
- Investments
- $15.3m
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 04/1938
- Data as of
- 12/2021
- EIN
- 04-2105936
Organization Overview
Mason Wright Foundation Inc is located in Springfield, MA. The organization was established in 1938. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mason Wright Foundation Inc 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, Mason Wright Foundation Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 14.1% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING OPERATING MANAGEMENT SERVICES TO AN ASSISTED AND INDEPENDENT LIVING RETIREMENT COMMUNITY, A HOME CARE AGENCY, AND AN EARLY EDUCATION CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Popp President & CEO | 50 | $225,714 | |
Eileen Drumm-Moore Executive Director | 40 | $117,772 | |
William Hawkins CFO | 40 | $105,255 | |
Suzanne Laporte Corporate Hr Directo | 40 | $87,530 | |
Laura Schmieding Accounting Manager | 40 | $52,177 | |
Paul Marchese Vice Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
People's United Wealth Management | 12/30/21 | $99,503 |
Cliftonlarsonallen Llp | 12/30/21 | $89,861 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,843 |
| Interest on Savings | $0 |
| Dividends & Interest | $167,442 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,608,758 |
| Capital Gain Net Income | $2,608,758 |
| Net ST Capital Gain | $177,860 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $671,363 |
| Total Revenue | $3,488,406 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $225,714 |
| Other employee salaries and wages | $792,998 |
| Pension plans, employee benefits | $158,598 |
| Interest | $7,624 |
| Taxes | $3,259 |
| Depreciation | $25,514 |
| Occupancy | $2,430 |
| Travel, conferences, and meetings | $4,343 |
| Printing and publications | $0 |
| Other expenses | $154,236 |
| Total operating and administrative expenses | $1,627,549 |
| Contributions, gifts, grants paid | $143,430 |
| Total expenses and disbursements | $1,770,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,542 |
| Savings and temporary cash investments | $818,229 |
| Net Accounts receivable | $49,224 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $66,328 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,917 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $231,605 |
| Other assets | $1,691,425 |
| Total assets | $18,173,883 |
| Accounts payable and accrued expenses | $100,440 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $466,431 |
| Other liabilities | $290,770 |
| Total liabilities | $857,641 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mason Wright Foundation Inc has recieved totaling $43,462.
| Awarding Organization | Amount |
|---|---|
Albert Hale Nect 37910-00-7 Dallas, TX PURPOSE: PROVIDE SUPPORT TO THE | $18,587 |
Charles H Mulligan Testamentary Trust Nect 20-00-12222-0 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $12,792 |
Ernest J Dexter Trust Uw C/Oshawmut Central Tax Unit Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $12,083 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |
Gurwin Jewish-Fay J Lindner Residences Inc Commack, NY | $18,352,784 | $14,495,214 |
Island Rehabilitation And Nursing Center Inc Holtsville, NY | $20,545,926 | $27,917,787 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Beverwyck Inc Slingerlands, NY | $81,150,953 | $18,557,714 |
Metro Health Foundation Of New Hampshire Inc Meredith, NH | $23,007,411 | $13,396,555 |