The Masonic Charity Foundation Of Connecticut Inc
- Assets
- $182.7m
- Revenue
- $8.7m
- Investments
- $20.8m
- Employees
- 3
- Location
- Wallingford, CT
- Founding
- 05/1996
- Data as of
- 09/2023
- EIN
- 06-1435920
Organization Overview
The Masonic Charity Foundation Of Connecticut Inc is located in Wallingford, CT. The organization was established in 1996. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 09/2023, Masonic Charity Foundation Of Connecticut Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Charity Foundation Of Connecticut 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 09/2023, Masonic Charity Foundation Of Connecticut Inc generated $8.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.5m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Masonic Charity Foundation Of Connecticut Inc has awarded 42 individual grants totaling $7,495,297. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MASONIC CHARITY FOUNDATION OF CT WILL PROMOTE, SOLICIT, SECURE AND STEWARD CHARITABLE GIFTS TO BENEFIT THE RESIDENTS AND PATIENTS OF MASONICARE AND ITS AFFILIATES, AS WELL AS TO BUILD FURTHER ITS ENDOWMENT FUND, WITH EMPHASIS ON MEETING DONORS' GIFT GIVING OBJECTIVES.
Describe the Organization's Program Activity:
MASONIC CHARITY FOUNDATION OF CT, INC. PROVIDES PLANNED GIVING AND DEVELOPMENT SUPPORT TO ITS AFFILIATES; MANAGES ALL INVESTMENTS; PROVIDES FINANCIAL AND CHARITABLE SUPPORT AS NEEDED TO THE TAX EXEMPT AFFILIATES WITHIN THE MASONICARE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $269,170 |
| Related organizations | $32,414 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,020,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,322,220 |
| Total Program Service Revenue | $0 |
| Investment income | $3,567,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,809,994 |
| Net Income from Fundraising Events | $4,696 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,704,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $859,699 |
| Grants and other assistance to domestic individuals. | $42,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $272,171 |
| Compensation of current officers, directors, key employees. | $272,171 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,270 |
| Pension plan accruals and contributions | $26,961 |
| Other employee benefits | $31,328 |
| Payroll taxes | $20,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,482 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $555,333 |
| Fees for services: Other | $110,072 |
| Advertising and promotion | $0 |
| Office expenses | $4,479 |
| Information technology | $24,942 |
| Royalties | $0 |
| Occupancy | $82,935 |
| Travel | $459 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75 |
| Interest | $289,502 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,336 |
| Insurance | $21,000 |
| All other expenses | $0 |
| Total functional expenses | $2,490,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,417 |
| Net Land, buildings, and equipment | $206,894 |
| Investments—publicly traded securities | $157,281,718 |
| Investments—other securities | $20,840,413 |
| Investments—program-related | $4,344,373 |
| Intangible assets | $0 |
| Other assets | -$11,267 |
| Total assets | $182,733,401 |
| Accounts payable and accrued expenses | $103,591 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $2,363,581 |
| Total liabilities | $2,467,172 |
| Net assets without donor restrictions | $92,364,438 |
| Net assets with donor restrictions | $87,901,791 |
| 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 | $182,733,401 |
Grants Awarded
Over the last fiscal year, The Masonic Charity Foundation Of Connecticut Inc has awarded $851,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MASONICARE AT ASHLAR VILLAGE PURPOSE: RENT SUPPORT | $188,823 |
MASONICARE HEALTH CENTER INC PURPOSE: SUPPORT SERVICES | $617,795 |
MASONICARE HOME HEALTH AND HOSPICE INC PURPOSE: SUPPORT SERVICES AND SCREENINGS | $45,282 |