Michigan Masonic Charitable Foundation
- Assets
- $137.1m
- Revenue
- $8.4m
- Investments
- $2.2k
- Employees
- 5
- Location
- Alma, MI
- Founding
- 08/1996
- Data as of
- 03/2022
- EIN
- 38-3266089
Organization Overview
Michigan Masonic Charitable Foundation is located in Alma, MI. The organization was established in 1996. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. As of 03/2022, Michigan Masonic Charitable Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Masonic Charitable Foundation 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, Michigan Masonic Charitable Foundation generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $9.4m during the year ending 03/2022. While expenses have increased by 6.7% 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, Michigan Masonic Charitable Foundation has awarded 229 individual grants totaling $8,152,699. 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
TO INVEST IN PROGRAMS AND SERVICES TO MAKE LIFE BETTER FOR MICHIGAN MASONS, THEIR FAMILIES, AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO MASONIC AFFILIATED RESIDENTS LIVING AT MICHIGAN MASONIC HOME. APPROXIMATELY 400 MASONIC AFFILIATED RESIDENTS BENEFIT FROM THE CHARITY OF THE FOUNDATION.
MAINTAIN MASONIC LIBRARY AND MUSEUM FOR PUBLIC USE, INFORMATIONAL REQUESTS, AND RESEARCH BY SCHOLARS.
LODGE CHARITY ACCOUNT PROGRAM IS THE GATEWAY FOR ALLOWING MORE LODGES THE OPPORTUNITY TO BUILD, ENRICH, STRENGTHEN, AND TRANSFORM THEIR RELIEF PROGRAMS AND COMMUNITY PHILANTHROPY THRU SCHOLARSHIPS, COMMUNITY CHARITIES, OR RELIEF AID TO A BROTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert P Conley System CEO | Officer | 50 | $0 |
William Finkel Secretary | Trustee | 1 | $0 |
David G Boring Treasurer | Trustee | 1 | $0 |
Howard Crumit Jr Trustee | Trustee | 1 | $0 |
Larry L Judson Trustee | Trustee | 1 | $0 |
Leonard Davis Chairman Of Board | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eagle Capital Managment Llc Investment Management | 3/30/20 | $129,523 |
Clearbrook Investment Investment Management | 3/30/20 | $110,601 |
Clearbrook Investment Investment Management | 3/30/20 | $110,601 |
Eagle Capital Managment Llc Investment Management | 3/30/20 | $129,523 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $85,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $478,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $657,412 |
| Total Program Service Revenue | $3,049 |
| Investment income | $1,834,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,875,897 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,370,394 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,516,770 |
| Grants and other assistance to domestic individuals. | $517,556 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,632 |
| Pension plan accruals and contributions | $5,963 |
| Other employee benefits | $34,731 |
| Payroll taxes | $23,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,160 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $682,788 |
| Fees for services: Other | $790,668 |
| Advertising and promotion | $93,459 |
| Office expenses | $48,198 |
| Information technology | $65,664 |
| Royalties | $0 |
| Occupancy | $182,657 |
| Travel | $16,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,366 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,466 |
| Insurance | $38,774 |
| All other expenses | $0 |
| Total functional expenses | $9,390,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,954,578 |
| 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 | $2,069 |
| Net Land, buildings, and equipment | $12,139 |
| Investments—publicly traded securities | $135,037,378 |
| Investments—other securities | $2,180 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,066,665 |
| Accounts payable and accrued expenses | $23,668 |
| 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 | $202,698 |
| Total liabilities | $226,366 |
| Net assets without donor restrictions | $131,966,795 |
| Net assets with donor restrictions | $4,873,504 |
| 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 | $137,066,665 |
Grants Awarded
Over the last fiscal year, Michigan Masonic Charitable Foundation has awarded $602,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Southfield, MI PURPOSE: COMMUINITY GRANT | $500,000 |
Ann Arbor, MI PURPOSE: GENERAL SUPPORT | $30,000 |
Alma, MI PURPOSE: GENERAL SUPPORT | $30,000 |
Royal Oak, MI PURPOSE: GENERAL SUPPORT | $22,500 |
MASONIC SERVICE ASSOCIATION PURPOSE: HOSPITAL VISITATION | $10,000 |
MASONIC FDN FOR CHILDREN PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Michigan Masonic Charitable Foundation has recieved totaling $631,167.
| Awarding Organization | Amount |
|---|---|
Communtiy Foundation Of The Holland Zeeland Area Holland, MI PURPOSE: GENERAL SUPPORT | $623,287 |
Andrew M Vander Molen Foundation Cincinnati, OH PURPOSE: PROJECT/PROGRAM SUPPORT | $3,625 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $2,255 |
Trumley Family Foundation Okemos, MI PURPOSE: CHARITY | $2,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Masonic Charitable Foundation Alma, MI | $137,066,665 | $8,370,394 |
People Of Praise Inc South Bend, IN | $18,737,692 | $5,092,243 |
Youth For Christ Usa Inc Columbus, OH | $11,050,772 | $6,519,038 |
Lake Ann Baptist Camp Inc Lake Ann, MI | $13,737,481 | $3,523,951 |
Youth For Christ Usa Inc Fort Wayne, IN | $4,583,229 | $3,052,119 |
Youth For Christ Usa Inc Bluffton, IN | $549,267 | $1,792,596 |
Center For Self Sufficiency Inc Milwaukee, WI | $659,812 | $1,378,661 |
Youth For Christ Usa Inc Kalamazoo, MI | $3,949,420 | $2,104,661 |
Grand Rapids Youth For Christ Inc Grand Rapids, MI | $1,409,107 | $2,211,634 |
Youth For Christ Usa Inc Cleveland, OH | $1,457,267 | $1,791,021 |
Boys And Girls Club Of The Wisconsin Rapids Area Inc Wisconsin Rapids, WI | $6,411,201 | $6,930,504 |
Youth For Christ Usa Inc Indianapolis, IN | $2,171,076 | $1,464,628 |