Mason Wright Foundation Inc
- Assets
- $19.7m
- Revenue
- $1.1m
- Investments
- $14.3m
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 04/1938
- Data as of
- 12/2023
- EIN
- 04-2105936
Organization Overview
Mason Wright Foundation Inc is located in Springfield, MA. The organization was established in 1938. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mason Wright 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 12/2023, Mason Wright Foundation Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING OPERATING MANAGEMENT SERVICES TO AN ASSISTED AND INDEPENDENT LIVING RETIREMENT COMMUNITY, A HOME CARE AGENCY, AND AN EARLY EDUCATION CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Popp President & CEO | 25 | $136,482 | |
John Morse Chair | 1 | $0 | |
Allison Ebner Vice President | 1 | $0 | |
Jeff Sattler Treasurer | 1 | $0 | |
Susan Mccoy ESQ Secretary | 1 | $0 | |
Kathi Donahue Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cliftonlarsonallen Llp | 12/30/23 | $71,020 |
Wilmington Trust | 12/30/23 | $69,049 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,105 |
| Interest on Savings | $0 |
| Dividends & Interest | $367,024 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$61,298 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $813,054 |
| Total Revenue | $1,128,885 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $136,482 |
| Other employee salaries and wages | $66,019 |
| Pension plans, employee benefits | $19,313 |
| Interest | $9,082 |
| Taxes | $0 |
| Depreciation | $29,043 |
| Occupancy | $6,336 |
| Travel, conferences, and meetings | $5,471 |
| Printing and publications | $0 |
| Other expenses | $1,252,897 |
| Total operating and administrative expenses | $1,725,298 |
| Contributions, gifts, grants paid | $581,192 |
| Total expenses and disbursements | $2,306,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,665 |
| Savings and temporary cash investments | $970,200 |
| Net Accounts receivable | $9,693 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $54,501 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,290 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $703,600 |
| Net Land, buildings, and equipment | $188,731 |
| Other assets | $4,069,729 |
| Total assets | $19,676,532 |
| Accounts payable and accrued expenses | $132,572 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $223,218 |
| Other liabilities | $13,122 |
| Total liabilities | $368,912 |
Grants Awarded
Over the last fiscal year, Mason Wright Foundation Inc has awarded $581,192 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MASON WRIGHT SENIOR LIVING INC PURPOSE: THE ORGANIZATION PROVIDED FUNDING TO A RELATED ASSISTED LIVING FACILITY FOR OPERATIONS. | $504,836 |
BRIGHT FUTURES EARLY LEARNING CENTER INC PURPOSE: GENERAL UNRESTRICTED SUPPORT | $15,152 |
COLONY CARE SENIOR LIVING INC PURPOSE: GENERAL UNRESTRICTED SUPPORT | $61,204 |