Western Minnesota Masonic Foundation
- Assets
- $126.9k
- Revenue
- $57.3k
- Investments
- $118.9k
- Employees
- 0
- Location
- Montevideo, MN
- Founding
- 07/1988
- Data as of
- 12/2021
- EIN
- 41-1570211
Organization Overview
Western Minnesota Masonic Foundation is located in Montevideo, MN. The organization was established in 1988. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Minnesota Masonic 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 12/2021, Western Minnesota Masonic Foundation generated $57.3k in total revenue. All expenses for the organization totaled $14.9k during the year ending 12/2021. While expenses have increased by 5.9% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING HIGHER EDUCATION BY PROVIDING SCHOLARSHIPS TO GRADUATING HIGH SCHOOLERS WHO DEMONSTRATE THE ABILITY AND SKILLS LIKELY TO LEAD ACADEMIC SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Givan President | 1 | $0 | |
Dave Gilbertson Attorney | 1 | $0 | |
Mark Rekow Treasurer | 1 | $0 | |
Ralph Lunde Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $3,805 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,491 |
| Capital Gain Net Income | $17 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $99 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,298 |
| Total operating and administrative expenses | $4,423 |
| Contributions, gifts, grants paid | $10,500 |
| Total expenses and disbursements | $14,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,956 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,152 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $126,875 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Western Minnesota Masonic Foundation has awarded $10,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIVIA GADES PURPOSE: SCHOLARSHIP | $3,000 |
AURORA WYMAR PURPOSE: SCHOLARSHIP | $2,500 |
JADA ASHLING PURPOSE: SCHOLARSHIP | $2,500 |
HANNAH CUSHING PURPOSE: SCHOLARSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Cement Masons Plasterers Shophands 633 Local Vacation Svgs Mendota Heights, MN | $3,256,862 | $3,990,650 |
Servco-Aer Employees Health And Welfare Benefit Tr Madison, WI | $3,372,592 | $2,384,758 |
Fraternal Order Of Eagles Mandan, ND | $674,988 | $1,142,381 |
Ancient Free & Accepted Masons Of Iowa Cedar Rapids, IA | $9,089,840 | $1,661,823 |
Fraternal Order Of Eagles Farmington, MN | $745,275 | $1,129,481 |
Minnesota Cement Masons Plasterers Shophands Local 633 Journeyman New Brighton, MN | $1,108,230 | $976,361 |
Ancient Free & Accepted Masons Of Minnesota Grand Lodge Bloomington, MN | $9,278,719 | $1,143,125 |
Fraternal Order Of Eagles Owatonna, MN | $1,687,083 | $834,086 |
Fraternal Order Of Eagles Minneapolis, MN | $622,750 | $779,490 |
El Zagal Shriners Fargo, ND | $3,483,289 | $807,516 |
North Dakota Masonic Foundation Fargo, ND | $1,804,653 | $439,728 |
Fraternal Order Of Eagles Bemidji, MN | $689,618 | $636,134 |