Masonic Grand Lodge Charities Of R I Inc
- Assets
- $7.8m
- Revenue
- $851.0k
- Investments
- $7.5m
- Employees
- 0
- Location
- East Providence, RI
- Founding
- 12/1972
- Data as of
- 10/2023
- EIN
- 05-6014340
Organization Overview
Masonic Grand Lodge Charities Of R I Inc is located in East Providence, RI. The organization was established in 1972. 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 Grand Lodge Charities Of R I 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 10/2023, Masonic Grand Lodge Charities Of R I Inc generated $851.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $662.6k during the year ending 10/2023. While expenses have increased by 2.9% 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.
Since 2014, Masonic Grand Lodge Charities Of R I Inc has awarded 30 individual grants totaling $3,404,936. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas J Grant President | 8 | $0 | |
Matthew Cerullo Chairman | 8 | $0 | |
Albert Capobianco Vice Chairma | 8 | $0 | |
Andre Faria Jr Director | 4 | $0 | |
Rick Baccus Director | 4 | $0 | |
Gilbert Fontes Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $278,466 |
| Interest on Savings | $0 |
| Dividends & Interest | $176,145 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $389,308 |
| Capital Gain Net Income | $389,308 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,074 |
| Total Revenue | $850,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,357 |
| Depreciation | $0 |
| Occupancy | $200,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,445 |
| Total operating and administrative expenses | $260,620 |
| Contributions, gifts, grants paid | $401,962 |
| Total expenses and disbursements | $662,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,401 |
| 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 | $494,594 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,830,614 |
| 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, Masonic Grand Lodge Charities Of R I Inc has awarded $401,962 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RELIEF SUPPORT PAYMENTS PURPOSE: GENERAL FINANCIAL RELIEFT AND SUPPOR | $154,455 |
DONATIONS AND CONTRIBUTIONS PURPOSE: CHARITABLE CONTRIBUTIONS | $95,930 |
SCHOLARSHIPS PURPOSE: HIGHER EDUCATION SCHOLARSHIPS | $151,577 |