Masonic Grand Lodge Charities Of R I Inc
- Assets
- $7.2m
- Revenue
- $522.5k
- Investments
- $6.8m
- Employees
- 0
- Location
- East Providence, RI
- Founding
- 12/1972
- Data as of
- 10/2021
- 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 10/2021, Masonic Grand Lodge Charities Of R I Inc generated $522.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $526.5k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 5 years. 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 21 individual grants totaling $2,311,450. 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 |
|---|---|---|---|
Robert Ellston Vice Chairma | 8 | $0 | |
Ronald P Reed Secretary | 8 | $0 | |
Rowan Gottschalk Director | 4 | $0 | |
Michael J Barboza CPA Treasurer | 8 | $0 | |
Douglas Grant Director | 4 | $0 | |
Robert Palazzo Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $226,068 |
| Interest on Savings | $0 |
| Dividends & Interest | $152,974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $143,078 |
| Capital Gain Net Income | $143,078 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $428 |
| Total Revenue | $522,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,386 |
| Depreciation | $0 |
| Occupancy | $160,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,744 |
| Total operating and administrative expenses | $225,085 |
| Contributions, gifts, grants paid | $301,421 |
| Total expenses and disbursements | $526,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,864 |
| 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 | $120,362 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,234,800 |
| 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 $301,421 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DONATIONS AND CONTRIBUTIONS PURPOSE: CHARITABLE CONTRIBUTIONS | $124,819 |
SCHOLARSHIPS PURPOSE: HIGHER EDUCATION SCHOLARSHIPS | $104,362 |
RELIEF SUPPORT PAYMENTS PURPOSE: GENERAL FINANCIAL RELIEFT AND SUPPOR | $72,240 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Masonic Grand Lodge Charities Of R I Inc has recieved totaling $11,663.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING | $11,663 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Supreme Council Of The Royal Arcanum Boston, MA | $99,452,230 | $9,284,235 |
Ancient Accepted Scottish Rite Of Freemasonry Nmj Lexington, MA | $3,004,152 | $3,706,614 |
Ancient Accepted Scottish Rite Of Free Masonry Nmj Boston, MA | $20,939,712 | $1,917,478 |
Free & Accepted Masons Grand Lodge Of Rhode Island East Providence, RI | $11,157,687 | $1,680,213 |
Touro Fraternal Association Cranston, RI | $20,297,427 | $411,496 |
Ancient Accepted Scottish Rite Of Free Masonry Nmj Stratford, CT | $11,700,262 | $955,547 |
Catholic Association Of Foresters Braintree, MA | $11,933,169 | $558,623 |
Benevolent & Protective Order Of Elks Of The Usa West Roxbury, MA | $4,127,972 | $805,818 |
Washington Square Services Corporation Newport, RI | $430,021 | $725,468 |
Ancient Accepted Scottish Rite Of Free Masonry Nmj Boston, MA | $12,713,227 | $479,870 |
Masonic Grand Lodge Charities Of R I Inc East Providence, RI | $7,234,800 | $522,548 |
Eastern Star Charity Foundation Of Conn Inc Wallingford, CT | $8,303,525 | $748,731 |