Masonic Angel Foundation Inc
- Assets
- $1.2m
- Revenue
- $127.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Yarmouth Port, MA
- Founding
- 03/2001
- Data as of
- 06/2022
- EIN
- 04-3521605
Organization Overview
Masonic Angel Foundation Inc is located in Yarmouth Port, MA. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Masonic Angel 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 06/2022, Masonic Angel Foundation Inc generated $127.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $67.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (15.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MASONIC ANGEL FOUNDATION IS DEDICATED TO PROVIDING ASSISTANCE TO CHILDREN WHO ARE IN NEED AND CANNOT GET ASSISTANCE NEEDED THROUGH THE NORMAL CHANNELS. THE CHILDREN IN NEED ARE USUALLY IDENTIFIED BY LOCAL SCHOOL STAFF WHO HAVE HEARD OF THE MASONIC ANGEL FOUNDATION AND CONTACT THE LOCAL MASONIC LODGE FOR ASSISTANCE. THE LOCAL LODGE EITHER PROVIDES THE ASSISTANCE THROUGH ITS LOCAL MASONIC ANGEL FUND OR CONTACTS THE FOUNDATION FOR ADDITIONAL ASSISTANCE. THE FOUNDATION HAS NO PAID EMPLOYEES AND RELIES ENTIRELY ON VOLUNTEERS. THE FOUNDATION IS WORKING TO ESTABLISH MASONIC ANGEL FUNDS IN AS MANY LOCAL LODGES AS POSSIBLE AND HAS BRANCHED OUT TO OTHER STATES IN THIS EFFORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT BASIC ASSISTANCE TO CHILDREN IN NEED WHO HAVE BEEN IDENTIFIED BY THEIR SCHOOL STAFF. ASSISTANCE IS PROVIDED EITHER BY THE LOCAL MASONIC LODGE'S ANGEL FUND OR THE FOUNDATION. APPROXIMATELY 1,000 CHILDREN WERE PROVIDED BASIC ASSISTANCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Downey Treasurer | OfficerTrustee | 2 | $0 |
Joseph Dowick President | OfficerTrustee | 2 | $0 |
Allyson Joy Clerk | OfficerTrustee | 2 | $0 |
Matthew Fitzsimmons Director | Trustee | 2 | $0 |
Michael Leighton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,380 |
| Total Program Service Revenue | $0 |
| Investment income | $21,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,672 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,120 |
| 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 | $650 |
| Fees for services: Accounting | $9,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,208 |
| Advertising and promotion | $0 |
| Office expenses | $31 |
| 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 | $16,323 |
| Insurance | $8,306 |
| All other expenses | $0 |
| Total functional expenses | $67,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,960 |
| Savings and temporary cash investments | $0 |
| 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 | $8,490 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $25,052 |
| Investments—publicly traded securities | $1,069,053 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,219,555 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,219,555 |
| Net assets with donor restrictions | $0 |
| 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 | $1,219,555 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Masonic Angel Foundation Inc has recieved totaling $108.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $108 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
Mosdos Hatorah Vhachesed Of Pnei Menachem Inc Brooklyn, NY | $56,343 | $6,197,826 |
The Red Sox Foundation Inc Boston, MA | $19,048,615 | $7,450,414 |
Iranian American Jewish Federation Great Neck, NY | $8,464,426 | $7,729,135 |
Bend The Arc-A Jewish Partnership For Justice New York, NY | $14,031,753 | $6,022,262 |