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← ILLINOIS MASONIC CHARITIES FUND

Form 990 for tax year 2024

Filed by ILLINOIS MASONIC CHARITIES FUND.

Totals

Total revenue
$28,654,557
Total expenses
$13,833,132
Contributions and grants received
$638,675
Grants paid
$11,426,046
Program service revenue
$0
Investment income
$27,591,843
Other revenue
$424,039
Total assets, end of year
$359,261,012
Total liabilities, end of year
$9,700
Net assets or fund balances, end of year
$359,251,312
Program services expenses (Part IX)
$11,588,379
Management and general expenses
$1,956,483
Fundraising expenses
$288,270
Program service expenses (Part III)
$11,588,379

Program services were 83.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $638,675

  • 3 · Investment income

    total $8,090,612 · excluded $8,090,612

  • 6a · Gross rents

    real property $569,393

  • 6b · Less rental expenses

    real property $145,354

  • 6c · Rental income or loss

    real property $424,039

  • 6d · Net rental income or loss

    total $424,039 · excluded $424,039

  • 7a · Gross sales of assets other than inventory

    securities $137,483,608

  • 7b · Less cost or other basis and sales expenses

    securities $117,982,377

  • 7c · Gain or loss

    securities $19,501,231

  • 7d · Net gain or loss

    total $19,501,231 · excluded $19,501,231

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $11,426,046 · program services $11,426,046

  • 11b · Fees: legal

    total $12,000 · management and general $12,000

  • 11c · Fees: accounting

    total $18,118 · management and general $18,118

  • 11f · Fees: investment management

    total $1,460,415 · management and general $1,460,415

  • 12 · Advertising and promotion

    total $130,567 · management and general $105,187 · fundraising $25,380

  • 17 · Travel

    total $85,447 · fundraising $85,447

  • 22 · Depreciation, depletion and amortization

    total $61,917 · management and general $61,917

  • 23 · Insurance

    total $50,969 · management and general $50,969

  • 24a · Other expenses: GRAND LODGE REIMBURSEME

    total $236,575 · management and general $141,588 · fundraising $94,987

  • 24b · Other expenses: BUILDING MAINTENANCE AN

    total $124,624 · program services $37,387 · management and general $87,237

  • 24c · Other expenses: PROGRAM EXP (OTHER CHAR

    total $89,645 · program services $89,645

  • 24d · Other expenses: DIRECT FUNDRAISING

    total $82,456 · fundraising $82,456

  • 24e · All other expenses

    total $54,353 · program services $35,301 · management and general $19,052

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,536,785 · end of year $3,190,272

  • 2 · Savings and temporary cash investments

    beginning of year $68,804 · end of year $105,398

  • 4 · Accounts receivable

    beginning of year $143,795 · end of year $115,472

  • 7 · Other notes and loans receivable

    beginning of year $1,800 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,122 · end of year $28,897

  • 10a · Land, buildings and equipment: cost or other basis

    $17,755,284

  • 10b · Land, buildings and equipment: accumulated depreciation

    $225,241

  • 10c · Land, buildings and equipment, net

    beginning of year $17,402,801 · end of year $17,530,043

  • 11 · Investments: publicly traded securities

    beginning of year $320,595,934 · end of year $337,680,563

  • 12 · Investments: other securities

    beginning of year $22,107 · end of year $23,161

  • 15 · Other assets

    beginning of year $542,079 · end of year $587,206

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,007 · end of year $3,666

  • 25 · Other liabilities

    beginning of year $6,355 · end of year $6,034

  • 27 · Net assets without donor restrictions

    beginning of year $339,286,529 · end of year $358,220,717

  • 28 · Net assets with donor restrictions

    beginning of year $1,012,336 · end of year $1,030,595

Mission and programs · 2024

Mission

TO PROVIDE AND DISPENSE CHARITY.

Activities or mission (Part I)

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.

  • 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.

    Expenses $11,429,379 · Grants $11,267,046

  • 658 EDUCATIONAL SCHOLARSHIPS TO STUDENTS.

    Expenses $159,000 · Grants $159,000

As filed on the 2024 return.

Listed in Part VII

  • David Lynch

    GRAND MASTER

    Total calculated
    $39,516
    From this org
    $0
    From related orgs
    $36,253
    Other
    $3,263
    Hours/week
    2 + 34 related

  • Joseph Ferrell

    DEPUTY GRAND MASTER

    Total calculated
    $0
    Hours/week
    2 + 25 related

  • Anthony Cracco

    GRAND TREASURER

    Total calculated
    $10,800
    From this org
    $0
    From related orgs
    $10,385
    Other
    $415
    Hours/week
    2 + 20 related

  • Franklin Cline

    GRAND SECRETARY

    Total calculated
    $84,084
    From this org
    $0
    From related orgs
    $76,877
    Other
    $7,207
    Hours/week
    3 + 37 related

  • James Williams

    SENIOR GRAND WARDEN

    Total calculated
    $0
    Hours/week
    1 + 23 related

  • Angelo Deserio

    JUNIOR GRAND WARDEN

    Total calculated
    $0
    Hours/week
    1 + 23 related

  • Patrick Gubbs

    SENIOR GRAND DEACON

    Total calculated
    $0
    Hours/week
    1 + 9 related

  • Christopher Both

    JUNIOR GRAND DEACON

    Total calculated
    $0
    Hours/week
    1 + 9 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SPLIT INTEREST TRUST #1

    T · SPLIT INTEREST TRUST · IL · share of income $1,100 · share of assets $23,161

Provenance

Return type
form_990
Tax year
2024
Filed
20 February 2026
IRS schema version
2024v5.5
Source object
202600629349300720

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