German Masonic Charitable Foundation Inc
- Assets
- $24.7m
- Revenue
- $1.7m
- Investments
- $23.6m
- Employees
- 2
- Location
- Whitestone, NY
- Founding
- 03/1944
- Data as of
- 12/2021
- EIN
- 13-5562227
Organization Overview
German Masonic Charitable Foundation Inc is located in Whitestone, NY. The organization was established in 1944. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, German Masonic Charitable Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. German Masonic Charitable 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, German Masonic Charitable Foundation Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, German Masonic Charitable Foundation Inc has awarded 26 individual grants totaling $2,670,982. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FURTHER AND PROMOTE EDUCATIONAL, SOCIAL AND CHARITABLE PURPOSES FOR BOTH THE MASONIC AND NON-MASONIC COMMUNITIES AND TO PROVIDE SUPPORT AND IMPROVE THE QUALITY OF LIFE, HEALTH AND INDEPENDENCE OF THE AGED AND AGING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Spadaro Trustee | 1 | $0 | |
Hernan Picolomino Trustee | 1 | $0 | |
Joseph Becker Trustee | 1 | $0 | |
Angel Bonilla Vice President | 1 | $0 | |
Jarett Wienrich Treasurer | 1 | $0 | |
Lawrence Wund Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $541,035 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,101,940 |
| Capital Gain Net Income | $1,101,940 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,945 |
| Total Revenue | $1,674,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $24,598 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,431 |
| Depreciation | $34,015 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $248,108 |
| Total operating and administrative expenses | $348,126 |
| Contributions, gifts, grants paid | $945,800 |
| Total expenses and disbursements | $1,293,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,769 |
| Savings and temporary cash investments | $500,694 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $56,119 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,770,720 |
| Net Land, buildings, and equipment | $454,185 |
| Other assets | $0 |
| Total assets | $24,666,703 |
| Accounts payable and accrued expenses | $25,268 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,578 |
| Total liabilities | $29,846 |
Grants Awarded
Over the last fiscal year, German Masonic Charitable Foundation Inc has awarded $787,982 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DONOR ADVISED FUND PURPOSE: TO PROVIDE SUPPORT AND IMPROVE THE QUALITY OF LIFE, HEALTH AND INDEPENDENCE OF THE AGED AND AGING. | $784,235 |
VARIOUS ORGANIZED CHARITIES PURPOSE: TO FURTHER AND PROMOTE EDUCATIONAL, SOCIAL AND CHARITABLE PURPOSES FOR BOTH THE MASONIC AND NON-MASONIC COMMUNITIES. | $3,747 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that German Masonic Charitable Foundation Inc has recieved totaling $7,343.
| Awarding Organization | Amount |
|---|---|
Free & Accepted Masons Of New York Lake Carmel, NY | | $7,343 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Our Lady Of Mercy Life Center Guilderland, NY | $13,584,598 | $18,367,817 |
Grove Manor Corporation Grove City, PA | $38,510,469 | $20,011,663 |
Phoebe Richland Health Care Center Allentown, PA | $42,688,223 | $20,669,291 |
Episcopal Church Home Rochester, NY | $13,527,861 | $19,691,308 |
Jerome Home New Britain, CT | $48,789,319 | $20,665,795 |
Northern Riverview Health Care Center Inc Haverstraw, NY | $45,238,260 | $26,935,593 |
Hatfield Mennonite Home Hatfield, PA | $33,080,459 | $18,750,870 |
Harrogate Incorporated Lakewood, NJ | $32,163,275 | $19,988,142 |
Hartford Healthcare Senior Services Inc Southington, CT | $12,831,492 | $19,135,049 |
Upmc Senior Communities Inc Pittsburgh, PA | $51,351,268 | $15,897,912 |
Sancta Maria Hospital Inc Cambridge, MA | $13,379,859 | $18,950,090 |