Illinois Masonic Charities Fund

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.

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)Compensation
Michael Jackson
President
$0
Franklin Cline
Secretary
$0
Anthony Cracco
Treasurer
$0
Joseph Ferrell
Senior Grand Warden
$0
David Lynch
Vice President
$0
Auston E Gene Smith
Junior Grand Warden
$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

Grants Awarded

Over the last fiscal year, Illinois Masonic Charities Fund has awarded $2,553,983 in support to 2 organizations.

Grant RecipientAmount

ILLINOIS MASONIC FOUNDATION FOR THE PREVENTION OF DRUG ABUSE

Org PageRecipient Profile

Springfield, IL

PURPOSE: OPERATING SUPPORT

$1,558,983

ILLINOIS MASONIC HOME

Org PageRecipient Profile

Springfield, IL

PURPOSE: OPERATING SUPPORT

$995,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Illinois Masonic Charities Fund has recieved totaling $2,486.

Awarding OrganizationAmount
Roy Daniel Mcphail Trust 807715

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$1,258
$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$228
View Grant Recipient Profile

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