The Masonic Charitable Foundation Of The Grand Lodge Of Maine
- Assets
- $35.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Holden, ME
- Founding
- 11/2006
- Data as of
- 03/2022
- EIN
- 22-3211042
Organization Overview
The Masonic Charitable Foundation Of The Grand Lodge Of Maine is located in Holden, ME. The organization was established in 2006. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Charitable Foundation Of The Grand Lodge Of Maine 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 03/2022, Masonic Charitable Foundation Of The Grand Lodge Of Maine generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $1.4m during the year ending 03/2022. While expenses have increased by 10.3% 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.
Since 2015, Masonic Charitable Foundation Of The Grand Lodge Of Maine has awarded 80 individual grants totaling $1,398,153. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS ESTABLISHED FOR CHARITABLE, EDUCATIONAL AND OTHER SPECIFIC PURPOSES IN ACCORDANCE WITH MASONIC PRINCIPLES AND PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH ACTIVITIES: OUR BIKES FOR BOOKS PROGRAM IS THE LARGEST UNDER THIS YOUTH ACTIVITIES CATEGORY. THE PROGRAM IS INTENDED TO BE EXECUTED WITH A SCHOOL'S READING INITIATIVE TO SUPPORT LOCAL SCHOOLS. LODGES ARE GOING INTO THE COMMUNITY AND WORKING WITH SCHOOLS AND LIBRARIES TO PROPOSE A COMMUNITY PARTICIPATION IN THE PROGRAM. THIS INCLUDES PARTNERSHIPS WITH SCHOOLS, LIBRARIES AND COMMUNITY BUSINESSES, ENGAGING THE COMMUNITY IN RAISING FUNDS, WITH A SHARED GOAL TO SEE FREE BIKES AND HELMETS GET INTO THE HANDS OF WORTHY CHILDREN WHO HAVE EARNED A REWARD FOR THEIR EFFORTS. THIS PAST YEAR WE SAW ROUGHLY 1,600+ BIKES GIVEN AWAY, AN INCREASE OVER LAST YEARS' LEVELS NOW THAT SCHOOLS ARE OPEN. ADMINISTRATORS, CHILDREN, PARENTS, AND LODGE MEMBERS ALL KNOW THIS PROGRAM WORKS AND BENEFITS THEIR COMMUNITIES. IN ADDITION TO THE BIKES FOR BOOKS PROGRAM, SCHOLARSHIPS WERE GIVEN TO APPROXIMATELY 30 STUDENTS. OTHER YOUTH ACTIVITIES INCLUDED GRANTS TO ORGANIZATIONS, PROJECTS SUCH AS PROJECT GRADUATION AND THE CHILDREN'S DYSLEXIA CENTERS IN MAINE.
COMMUNITY PROGRAMS INCLUDE RELIEF TO NEEDY FAMILIES AND INDIVIDUALS GENERALLY PAID TO MASONIC LODGES UPON APPROVED APPLICATIONS AND SUPPORT OF OTHER COMMUNITY VOLUNTEER PROJECTS. APPOXIMATELY 83 FAMILIES OR INDIVIDUALS RECEIVED BENEFITS.
GRANTS TO OTHER ORGANIZATIONS.
OTHER PROGRAMS SUCH AS MUSEUM, LIBRARY, SEMINARS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Scacchi Executive Director | Officer | 40 | $87,431 |
Scott Walton Secretary | OfficerTrustee | 12 | $14,670 |
Scott Whytock Treasurer | OfficerTrustee | 10 | $13,228 |
Daniel E Bartlett Vice President | OfficerTrustee | 1 | $0 |
Richard M Nadeau President | OfficerTrustee | 1 | $0 |
Frank Theriault Jr Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,452 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,257 |
| Total Program Service Revenue | $0 |
| Investment income | $769,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,281 |
| Net Gain/Loss on Asset Sales | $1,042,491 |
| Net Income from Fundraising Events | -$15,666 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,059,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $776,930 |
| Grants and other assistance to domestic individuals. | $200,183 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,329 |
| Compensation of current officers, directors, key employees. | $36,022 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,190 |
| Payroll taxes | $12,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,503 |
| Fees for services: Accounting | $11,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,356 |
| Fees for services: Other | $1,812 |
| Advertising and promotion | $39,373 |
| Office expenses | $47,417 |
| Information technology | $16,237 |
| Royalties | $0 |
| Occupancy | $31,536 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,788 |
| Insurance | $3,995 |
| All other expenses | $19,689 |
| Total functional expenses | $1,416,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,255 |
| 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 | $0 |
| Net Land, buildings, and equipment | $378,482 |
| Investments—publicly traded securities | $33,144,871 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,880,741 |
| Total assets | $35,415,349 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,880,741 |
| Total liabilities | $1,880,741 |
| Net assets without donor restrictions | $28,158,428 |
| Net assets with donor restrictions | $5,376,180 |
| 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 | $35,415,349 |
Grants Awarded
Over the last fiscal year, The Masonic Charitable Foundation Of The Grand Lodge Of Maine has awarded $223,220 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Waterville, ME PURPOSE: YOUTH PROGRAMS | $50,000 |
Hallowell, ME PURPOSE: MENTAL ILLNESS SUPPORT SERVICES | $30,000 |
York, ME PURPOSE: CHARITABLE PURPOSES | $26,380 |
Lexington, MA PURPOSE: ORGANIZATION'S PROGRAMS | $23,536 |
Pittsfield, ME PURPOSE: EDUCATION FACILITIES | $20,000 |
Cedar Rapids, IA PURPOSE: DISASTER RELIEF. | $14,850 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Masonic Charitable Foundation Of The Grand Lodge Of Maine has recieved totaling $918.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $768 |
Lamb Weston Charitable Foundation Eagle, ID PURPOSE: COMMUNITY SUPPORT | $100 |
Lamb Weston Charitable Foundation Eagle, ID PURPOSE: COMMUNITY SUPPORT | $50 |
Endowment Analysis
| Beg. Balance | $31,196,087 |
| Earnings | $2,947,885 |
| Net Contributions | $84,441 |
| Other Expense | $106,429 |
| Grants | $977,113 |
| Ending Balance | $33,144,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Granite United Way Manchester, NH | $10,904,464 | $19,030,593 |
United Way Inc Portland, ME | $21,043,682 | $13,282,477 |
United Way Of Greater Nashua Inc Nashua, NH | $1,945,140 | $2,501,353 |
Heart Of Maine United Way Bangor, ME | $5,339,304 | $2,989,676 |
Jewish Community Alliance Of Southern Maine Portland, ME | $12,590,266 | $2,545,946 |
United Way Of Mid Coast Maine Inc Bath, ME | $2,637,313 | $1,845,712 |
United Way Of Kennebec Valley Augusta, ME | $2,973,844 | $2,086,314 |
Monadnock United Way Inc Keene, NH | $3,611,197 | $2,296,861 |
The Masonic Charitable Foundation Of The Grand Lodge Of Maine Holden, ME | $35,415,349 | $2,059,993 |
Foundation For Portland Public Schools Portland, ME | $1,243,540 | $1,739,135 |
United Way Of Androscoggin County Inc Lewiston, ME | $3,239,187 | $1,022,027 |
United Way Of Aroostook Presque Isle, ME | $423,672 | $720,193 |