David T Mason Charitable Foundation
- Assets
- $2.7m
- Revenue
- $276.5k
- Investments
- $2.6m
- Employees
- 0
- Location
- East Liverpool, OH
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 34-1930703
Organization Overview
David T Mason Charitable Foundation is located in East Liverpool, OH. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David T Mason Charitable Foundation 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 12/2023, David T Mason Charitable Foundation generated $276.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $46.9k during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 8 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, David T Mason Charitable Foundation has awarded 60 individual grants totaling $555,500. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred S Fricano Trustee | 0.5 | $0 | |
Gary A Satmare Advisor | 0.2 | $0 | |
George A Vardy Advisor | 0.2 | $0 | |
Denny L Kampfer Advisor | 0.2 | $0 | |
Margaret B Satmare Advisor | 0.2 | $0 | |
Lawrence J Heck Advisor | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,111 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $417 |
| Capital Gain Net Income | $417 |
| Net ST Capital Gain | $357 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $237,000 |
| Total Revenue | $276,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,094 |
| Total operating and administrative expenses | $42,864 |
| Contributions, gifts, grants paid | $4,079 |
| Total expenses and disbursements | $46,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,594 |
| Savings and temporary cash investments | $161,204 |
| 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 | $373,251 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,745,803 |
| 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, David T Mason Charitable Foundation has awarded $129,620 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MISCELLANEOUS CHARITABLE CONTRIBUTIONS (FROM MASON COLOR WORKS K-1) PURPOSE: SUPPORT SERVICES | $4,200 |
MUSEUM OF CERAMICS FOUNDATION PURPOSE: SUPPORT OPERATIONS | $33,250 |
THE SALVATION ARMY PURPOSE: ASSISTANCE FOR NEEDY FAMILIES | $17,000 |
TRI-STATE AREA TUITION MISSION FOUNDATION PURPOSE: SUPPORT SERVICES | $17,000 |
SALEM HUMANE SOCIETY INC PURPOSE: SUPPORT OPERATIONS | $15,000 |
EAST LIVERPOOL HISTORICAL SOCIETY PURPOSE: SUPPORT OPERATIONS | $8,000 |