Masonic Charitable Educational Corporation
- Assets
- $7.1m
- Revenue
- $289.8k
- Investments
- $7.0m
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 11/1963
- Data as of
- 07/2023
- EIN
- 42-6061108
Organization Overview
Masonic Charitable Educational Corporation is located in Cedar Rapids, IA. The organization was established in 1963. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Masonic Charitable Educational Corporation 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 07/2023, Masonic Charitable Educational Corporation generated $289.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $202.5k during the year ending 07/2023. While expenses have increased by 0.1% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryce B Hildreth Chairman/trustee | 1 | $0 | |
Edison Sharp Trustee | 1 | $0 | |
Arthur Pixler Trustee | 1 | $0 | |
Craig L Davis Grand Secretary - Gl | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $232,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,394 |
| Capital Gain Net Income | $57,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150 |
| Total Revenue | $289,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,612 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,000 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,131 |
| Printing and publications | $11,500 |
| Other expenses | $106,082 |
| Total operating and administrative expenses | $202,450 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $202,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,985 |
| Savings and temporary cash investments | $0 |
| 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 | $46,693 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,048,513 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,132,817 |
| 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 | $153,085 |
| Total liabilities | $153,085 |