Illinois Masonic Charities Fund
- Assets
- $273.8m
- Revenue
- $29.3m
- Investments
- $21.1k
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 06/1966
- Data as of
- 06/2022
- EIN
- 37-0911165
Organization Overview
Illinois Masonic Charities Fund is located in Springfield, IL. The organization was established in 1966. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Masonic Charities Fund 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 06/2022, Illinois Masonic Charities Fund generated $29.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Illinois Masonic Charities Fund has awarded 16 individual grants totaling $23,046,711. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND DISPENSE CHARITY TO THE ILLINOIS MASONIC HOME AND THE ILLINOIS MASONIC CHILDREN'S HOME, BOTH BEING CHARITABLE ORGANIZATIONS CREATED AND EXISTING AS NOT-FOR-PROFIT CORPORATIONS UNDER THE LAWS OF THE STATE OF ILLINOIS, AND TO OTHER WORTHY AND INDIGENT PERSONS AND ORGANIZATIONS WHICH ARE THE PROPER OBJECTS OF MASONIC CHARITY AND BENEVOLENCE, WHICH ORGANIZATIONS ARE OR HAVE BEEN CREATED WITHIN THE UNITED STATES OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ILLINOIS MASONIC CHARITIES FUND PROVIDED FINANCIAL SUPPORT TO THE OPERATIONS OF THE ILLINOIS MASONIC HOME, ILLINOIS MASONIC CHILDREN'S HOME, ILLINOIS MASONIC OUTREACH SERVICES, AND ILLINOIS MASONIC FOUNDATION FOR THE PREVENTION OF DRUG ABUSE AMONG CHILDREN, ALL OF WHICH ARE OPERATED AS CHARITABLE EXEMPT ORGANIZATIONS, AND TO OTHER WORTHY AND INDIGENT PERSONS AND ORGANIZATIONS WHICH ARE THE PROPER OBJECTS OF MASONIC CHARITY AND BENEVOLENCE.
52 EDUCATIONAL SCHOLARSHIPS TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Cracco Treasurer | OfficerTrustee | 2 | $0 |
David Lynch Vice President | OfficerTrustee | 2 | $0 |
Auston E Gene Smith Junior Grand Warden | OfficerTrustee | 1 | $0 |
Franklin Cline Secretary | OfficerTrustee | 3 | $0 |
Joseph Ferrell Senior Grand Warden | OfficerTrustee | 1 | $0 |
Michael Jackson President | OfficerTrustee | 2 | $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 | $401,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $401,566 |
| Total Program Service Revenue | $0 |
| Investment income | $6,422,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $465,986 |
| Net Gain/Loss on Asset Sales | $21,961,998 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,251,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $104,000 |
| 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 | $33,521 |
| Fees for services: Accounting | $16,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,273,739 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,268 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $70,411 |
| 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 | $380 |
| Insurance | $48,047 |
| All other expenses | $62,574 |
| Total functional expenses | $3,023,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,147,837 |
| Savings and temporary cash investments | $3,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $159,132 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,700 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,977 |
| Net Land, buildings, and equipment | $11,314,967 |
| Investments—publicly traded securities | $260,633,359 |
| Investments—other securities | $21,140 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $514,451 |
| Total assets | $273,826,563 |
| Accounts payable and accrued expenses | $13,697 |
| 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 | $20,192 |
| Total liabilities | $33,889 |
| Net assets without donor restrictions | $272,868,247 |
| Net assets with donor restrictions | $924,427 |
| 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 | $273,826,563 |
Grants Awarded
Over the last fiscal year, Illinois Masonic Charities Fund has awarded $2,553,983 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Springfield, IL PURPOSE: OPERATING SUPPORT | $1,558,983 |
Springfield, IL PURPOSE: OPERATING SUPPORT | $995,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Illinois Masonic Charities Fund has recieved totaling $2,486.
| Awarding Organization | Amount |
|---|---|
Roy Daniel Mcphail Trust 807715 Las Vegas, NV PURPOSE: GENERAL OPERATING | $1,258 |
Delmar And Audria M Olson Family Foundation Chicago, IL PURPOSE: GENERAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $228 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |