Masonic Charities Of Maryland Inc
- Assets
- $2.9m
- Revenue
- $387.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Cockeysville, MD
- Founding
- 09/1986
- Data as of
- 06/2021
- EIN
- 52-1470411
Organization Overview
Masonic Charities Of Maryland Inc is located in Cockeysville, MD. The organization was established in 1986. According to its NTEE Classification (Y40) the organization is classified as: 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. Masonic Charities Of Maryland 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 06/2021, Masonic Charities Of Maryland Inc generated $387.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $122.3k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Masonic Charities Of Maryland Inc has awarded 22 individual grants totaling $266,510. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES AND PROGRAMS TO THE YOUTH OF MARYLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM FOR DESERVING YOUTH. AWARDED SCHOLARSHIPS TO ENABLE MARYLAND HIGH SCHOOL GRADUATES TO ATTEND COLLEGE.
GRANT TO THE MARYLAND STUDENT ASSISTANCE PROGRAM TO SUPPORT MARYLAND SCHOOLS IN DRUG/ ALCOHOL INTERVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Scott Cushing Sr Grand Treasurer | OfficerTrustee | 1 | $0 |
Marlin L Mills Chair/ Grand Master | OfficerTrustee | 1 | $0 |
Thomas W Foster President | OfficerTrustee | 1 | $0 |
Frederick A Spicer Deputy Grand Master | OfficerTrustee | 1 | $0 |
W Miles Cole Vice-President | OfficerTrustee | 1 | $0 |
Kenneth R Taylor Grand Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $96,392 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,763 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,155 |
| Total Program Service Revenue | $0 |
| Investment income | $44,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $197,429 |
| Net Income from Fundraising Events | $6,292 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $387,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,500 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,110 |
| Fees for services: Accounting | $10,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,853 |
| Fees for services: Other | $0 |
| Advertising and promotion | $407 |
| Office expenses | $2,513 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $11,075 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $122,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,182 |
| Savings and temporary cash investments | $115,675 |
| 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 | $1,465 |
| Net Land, buildings, and equipment | $2,215 |
| Investments—publicly traded securities | $2,774,628 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,028 |
| Total assets | $2,939,193 |
| 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 | $3,500 |
| Total liabilities | $3,500 |
| Net assets without donor restrictions | $1,047,049 |
| Net assets with donor restrictions | $1,888,644 |
| 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 | $2,939,193 |
Grants Awarded
Over the last fiscal year, Masonic Charities Of Maryland Inc has awarded $38,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
College Park, MD PURPOSE: STUDENT ASSISTANCE | $13,000 |
Florence, OR PURPOSE: GENERAL SUPPORT | $10,000 |
FROSTBURG STATE UNIVERSITY PURPOSE: STUDENT ASSISTANCE | $8,000 |
Ashburn, VA PURPOSE: STUDENT ASSISTANCE | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Masonic Charities Of Maryland Inc has recieved totaling $5,537.
| Awarding Organization | Amount |
|---|---|
Mary K Oneill Foundation Inc Towson, MD PURPOSE: SCHOLARSHIP PROGRAM | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $537 |
Endowment Analysis
| Beg. Balance | $1,320,986 |
| Earnings | $271,151 |
| Net Contributions | $12,500 |
| Grants | $12,856 |
| Ending Balance | $1,591,781 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Isda Fraternal Association Pittsburgh, PA | $277,868,163 | $84,487,540 |
William Penn Association Pittsburgh, PA | $564,136,496 | $86,255,147 |
Loyal Christian Benefit Association Erie, PA | $108,287,356 | $23,099,109 |
Slovene National Benefit Society Imperial, PA | $127,585,848 | $17,289,930 |
Ancient Free & Accepted Masons Of Maryland Grand Lodge Cockeysville, MD | $187,202,317 | $9,692,713 |
Serb National Federation Pittsburgh, PA | $50,402,981 | $6,645,334 |
Fraternal Order Of Police Philadelphia, PA | $3,187,559 | $6,876,497 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Washington, DC | $28,646,656 | $6,184,451 |
Providence Assn Of Ukrainian Catholics Of Amer Philadelphia, PA | $55,075,663 | $6,983,514 |
Polish Falcons Of America Pittsburgh, PA | $40,676,015 | $5,977,879 |
Federal Law Enforcement Officers Association Inc Bethesda, MD | $2,620,306 | $4,544,174 |
Artisans Order Of Mutual Protection Most Excellent Assembly Philadelphia, PA | $35,098,692 | $3,365,313 |