Krasberg-Mason Foundation
- Assets
- $1.5m
- Revenue
- $46.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Northfield, IL
- Founding
- 04/1992
- Data as of
- 12/2021
- EIN
- 36-3807993
Organization Overview
Krasberg-Mason Foundation is located in Northfield, IL. The organization was established in 1992. According to its NTEE Classification (Y42) the organization is classified as: Domestic 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. Krasberg-Mason 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 12/2021, Krasberg-Mason Foundation generated $46.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $161.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Krasberg-Mason Foundation has awarded 46 individual grants totaling $197,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO OTHER ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Mason President | 1 | $0 | |
David Mason Secretary | 1 | $0 | |
Sarah Mason Wolchuk Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,022 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,933 |
| Capital Gain Net Income | $3,933 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,955 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $686 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $190 |
| Total operating and administrative expenses | $1,376 |
| Contributions, gifts, grants paid | $160,500 |
| Total expenses and disbursements | $161,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,740 |
| Savings and temporary cash investments | $91,517 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,519,742 |
| 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, Krasberg-Mason Foundation has awarded $160,500 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
HAMILTON COLLEGE PURPOSE: GENERAL SUPPORT | $40,000 |
INTERNATIONAL JUSTICE PURPOSE: GENERAL SUPPORT | $15,000 |
ST GREGORYS CHURCH PURPOSE: MCGREGOR TOLIARA ENDOWMENT | $15,000 |
Tucson, AZ PURPOSE: GENERAL SUPPORT | $5,000 |
CATCH THE FIRE PURPOSE: SUPPORT FOR EMBRACE DURHAM | $5,000 |
UGANDA CHRISTIAN PARTNERS PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Temple Association Of Lexington Lexington, KY | $2,312,779 | $4,567,232 |
Servco-Aer Employees Health And Welfare Benefit Tr Madison, WI | $3,372,592 | $2,384,758 |
Free & Accepted Masons Of Indiana Grand Lodge Indianapolis, IN | $7,665,885 | $1,746,893 |
Cement Masons Union Local 502 Bellwood, IL | $5,592,498 | $2,020,391 |
Ancient Free & Accepted Masons Of Illinois Springfield, IL | $22,709,739 | $1,560,369 |
Grand Lodge Of Kentucky Free And Accepted Masons Louisville, KY | $14,214,526 | $2,084,454 |
Ancient Free & Accepted Masons Of Iowa Cedar Rapids, IA | $9,089,840 | $1,661,823 |
Shriners International St Louis, MO | $4,009,545 | $872,837 |
Kosair Shriners Louisville, KY | $8,893,467 | $972,982 |
Murat Shriners Indianapolis, IN | $9,915,581 | $1,836,990 |
Medinah Shriners Addison, IL | $10,723,962 | $857,016 |
Fraternal Order Of Eagles Alexandria, IN | $2,463,541 | $782,282 |