Colorado Masons Benevolent Fund Association
- Assets
- $9.5m
- Revenue
- $89.9k
- Investments
- $9.5m
- Employees
- 0
- Location
- Littleton, CO
- Founding
- 05/1920
- Data as of
- 10/2023
- EIN
- 84-0406813
Organization Overview
Colorado Masons Benevolent Fund Association is located in Littleton, CO. The organization was established in 1920. According to its NTEE Classification (Y40) the organization is classified as: 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. Colorado Masons Benevolent Fund Association 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 10/2023, Colorado Masons Benevolent Fund Association generated $89.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $401.9k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Colorado Masons Benevolent Fund Association has awarded 574 individual grants totaling $3,274,236. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE TO DISTRESSED COLORADO MASONS AS WELL AS TO PROVIDE SCHOLARSHIPS AWARDS TO QUALIFIED GRADUATED HIGH SCHOOL SENIOR TO ATTEND COLLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph E Hardy President | 10 | $0 | |
Ronald Birely Vice President | 5 | $0 | |
Marvin Feldman Secretary | 5 | $0 | |
Wayne Arner Treasurer | 5 | $0 | |
John J Harrington Asst Secretaryttreasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,400 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,229 |
| Capital Gain Net Income | $22,229 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,234 |
| Total Revenue | $89,863 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $78,385 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,701 |
| Depreciation | $0 |
| Occupancy | $654 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,262 |
| Total operating and administrative expenses | $104,673 |
| Contributions, gifts, grants paid | $297,256 |
| Total expenses and disbursements | $401,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,949 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $33,300 |
| 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 | $56,700 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,534,285 |
| Accounts payable and accrued expenses | $200 |
| 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 | $894 |
| Total liabilities | $1,094 |
Grants Awarded
Over the last fiscal year, Colorado Masons Benevolent Fund Association has awarded $280,608 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL 6 PURPOSE: BENEVOLENCE | $11,000 |
CRYSTAL LAKE 34 PURPOSE: BENEVOLENCE | $3,600 |
SALIDA 57 PURPOSE: BENEVOLENCE | $4,170 |
MANITOU 68 PURPOSE: BENEVOLENCE | $2,350 |
DORIC 25 PURPOSE: BENEBOLENCE | $400 |
WRAY 71 PURPOSE: BENEVOLENCE | $1,300 |