Masonic Brotherhood Foundation Inc
- Assets
- $18.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1973
- Data as of
- 05/2022
- EIN
- 23-7286593
Organization Overview
Masonic Brotherhood Foundation Inc is located in New York, NY. The organization was established in 1973. 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 Brotherhood 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 05/2022, Masonic Brotherhood Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $384.1k during the year ending 05/2022. 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
TO RECEIVE AND DISTRIBUTE CONTRIBUTIONS TO VARIOUS PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLOCATIONS TO DESIGNATED CAUSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marino Cesarini Treasurer | Officer | 1 | $0 |
Stephen S King President | Officer | 1 | $0 |
Jeffrey M Williamson Vice President | Officer | 1 | $0 |
Richard T Schulz Secretary | Officer | 1 | $0 |
Carl Fitje Director | Trustee | 1 | $0 |
William Thomas Director | Trustee | 1 | $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 | $531,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $531,423 |
| Total Program Service Revenue | $0 |
| Investment income | $542,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $603,036 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,677,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $114,546 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,000 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $384,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $575,612 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,313 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,067,931 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,740,230 |
| Accounts payable and accrued expenses | $52,213 |
| 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 | $268,492 |
| Total liabilities | $320,705 |
| Net assets without donor restrictions | $11,517,767 |
| Net assets with donor restrictions | $6,901,758 |
| 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 | $18,740,230 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Masonic Brotherhood Foundation Inc has recieved totaling $42,535.
| Awarding Organization | Amount |
|---|---|
Trustees Of The Masonic Hall And Asylum Fund New York, NY PURPOSE: SUPPORT OF OPERATIONS | $41,000 |
New York State Scottish Rite Charities Inc Fairport, NY PURPOSE: SUPPORT OF YOUTH ACTIVITIES AND PROGRAMS | $1,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Isda Fraternal Association Pittsburgh, PA | $277,868,163 | $84,487,540 |
William Penn Association Pittsburgh, PA | $564,136,496 | $86,255,147 |
The Actors Fund Of America New York, NY | $147,965,954 | $61,544,838 |
Loyal Christian Benefit Association Erie, PA | $108,287,356 | $23,099,109 |
Ukrainian National Association Inc Parsippany, NJ | $178,950,671 | $21,937,849 |
Slovak Catholic Sokol Passaic, NJ | $108,716,912 | $20,620,124 |
Slovene National Benefit Society Imperial, PA | $127,585,848 | $17,289,930 |
Supreme Council Of The Royal Arcanum Boston, MA | $99,452,230 | $9,284,235 |
New Jersey State Policemens Benevolent Association Woodbridge, NJ | $43,741,775 | $9,143,506 |
Serb National Federation Pittsburgh, PA | $50,402,981 | $6,645,334 |
Fraternal Order Of Police Philadelphia, PA | $3,187,559 | $6,876,497 |
Ancient Accepted Scottish Rite Of Freemasonry Nmj Lexington, MA | $3,004,152 | $3,706,614 |