Indiana Masonic Home Foundation Incorporated

Organization Overview

Indiana Masonic Home Foundation Incorporated is located in Indianapolis, IN. The organization was established in 1960. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 12/2021, Indiana Masonic Home Foundation Incorporated employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Masonic Home Foundation Incorporated 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 12/2021, Indiana Masonic Home Foundation Incorporated generated $12.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $11.9m during the year ending 12/2021. While expenses have increased by 3.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE INDIANA MASONIC HOME

Describe the Organization's Program Activity:

Part 3 - Line 4a

ANNUAL DISTRIBUTION TO THE INDIANA MASONIC HOME FOR THE FRATERNAL BENEFIT AND SUPPORT OF THOSE IN THE MASONIC FAMILY WHO ARE UNABLE TO PROVIDE CARE FOR THEMSELVES.


SPECIAL EVENT AMOUNT RAISED FOR SHRINERS HOSPITAL FOR CHILDREN


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Board, Officers & Key Employees

Name (title)Compensation
Eric J Vermeulen
Executive Director
$90,000
Gregory N Jordan
Treasurer
$0
Jeffery P Zaring
President
$0
Alex L Rogers
Vice President
$0
Donna M Clutter
Secretary
$0
Richard J Elman
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$6,816
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,247,756
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,254,572
Total Program Service Revenue$0
Investment income $1,938,945
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $8,450
Net Gain/Loss on Asset Sales $7,114,661
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,316,628

Grants Awarded

Over the last fiscal year, Indiana Masonic Home Foundation Incorporated has awarded $3,603,617 in support to 2 organizations.

Grant RecipientAmount

INDIANA MASONIC HOME

Org PageRecipient Profile

Franklin, IN

PURPOSE: ONGOING OPERATIONAL SUPPORT.

$3,603,617
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Indiana Masonic Home Foundation Incorporated has recieved totaling $8,061.

Awarding OrganizationAmount
James A Ball And Carrie F Ball Charitable Tr

Terre Haute, IN

PURPOSE: CHARITABLE

$8,061
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$96,617,894
Earnings$12,285,051
Other Expense$10,600,384
Ending Balance$98,302,561

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