German Masonic Charitable Foundation Inc
- Assets
- $18.4m
- Revenue
- $679.4k
- Investments
- $17.4m
- Employees
- 2
- Location
- Whitestone, NY
- Founding
- 03/1944
- Data as of
- 12/2022
- EIN
- 13-5562227
Organization Overview
German Masonic Charitable Foundation Inc is located in Whitestone, NY. The organization was established in 1944. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, German Masonic Charitable Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. German Masonic Charitable 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 12/2022, German Masonic Charitable Foundation Inc generated $679.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, German Masonic Charitable Foundation Inc has awarded 28 individual grants totaling $3,784,665. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FURTHER AND PROMOTE EDUCATIONAL, SOCIAL AND CHARITABLE PURPOSES FOR BOTH THE MASONIC AND NON-MASONIC COMMUNITIES AND TO PROVIDE SUPPORT AND IMPROVE THE QUALITY OF LIFE, HEALTH AND INDEPENDENCE OF THE AGED AND AGING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hernan Picolomino Trustee | 1 | $0 | |
Douglas Spadaro Trustee | 1 | $0 | |
Joseph Becker Trustee | 1 | $0 | |
Lawrence Wund Trustee | 1 | $0 | |
Angel Bonilla Vice President | 1 | $0 | |
Jarett Wienrich Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25 |
| Interest on Savings | $0 |
| Dividends & Interest | $399,287 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $229,093 |
| Capital Gain Net Income | $229,093 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,975 |
| Total Revenue | $679,380 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $19,215 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,181 |
| Depreciation | $37,064 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $253,537 |
| Total operating and administrative expenses | $357,382 |
| Contributions, gifts, grants paid | $1,113,683 |
| Total expenses and disbursements | $1,471,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,593 |
| Savings and temporary cash investments | $405,333 |
| Net Accounts receivable | $5,100 |
| 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 | $63,456 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,588,879 |
| Net Land, buildings, and equipment | $441,016 |
| Other assets | $0 |
| Total assets | $18,358,229 |
| Accounts payable and accrued expenses | $29,645 |
| 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 | $4,578 |
| Total liabilities | $34,223 |
Grants Awarded
Over the last fiscal year, German Masonic Charitable Foundation Inc has awarded $1,113,683 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS ORGANIZED CHARITIES PURPOSE: TO FURTHER AND PROMOTE EDUCATIONAL, SOCIAL AND CHARITABLE PURPOSES FOR BOTH THE MASONIC AND NON-MASONIC COMMUNITIES. | $6,683 |
DONOR ADVISED FUND PURPOSE: TO PROVIDE SUPPORT AND IMPROVE THE QUALITY OF LIFE, HEALTH AND INDEPENDENCE OF THE AGED AND AGING. | $1,107,000 |