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Nonprofiteer
← THE MASONIC CHARITY FOUNDATION OF CONNECTICUT INC

Form 990 for tax year 2024

Filed by THE MASONIC CHARITY FOUNDATION OF CONNECTICUT INC.

Totals

Total revenue
$12,080,186
Total expenses
$2,725,412
Contributions and grants received
$2,823,741
Grants paid
$800,010
Program service revenue
$0
Investment income
$9,258,517
Other revenue
-$2,072
Total assets, end of year
$232,161,912
Total liabilities, end of year
$2,573,349
Net assets or fund balances, end of year
$229,588,563
Program services expenses (Part IX)
$1,821,703
Management and general expenses
$903,709
Fundraising expenses
$0
Program service expenses (Part III)
$1,821,703

Program services were 66.8% 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.

  • 1c · Fundraising events

    $320,949

  • 1d · Related organizations

    $49,566

  • 1f · All other contributions, gifts and grants

    $2,453,226

  • 1g · Noncash contributions included above

    $24,875

  • 3 · Investment income

    total $4,258,843 · unrelated business $138,909 · excluded $4,119,934

  • 7a · Gross sales of assets other than inventory

    securities $44,899,312

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

    securities $39,899,638

  • 7c · Gain or loss

    securities $4,999,674

  • 7d · Net gain or loss

    total $4,999,674 · unrelated business $4,704 · excluded $4,994,970

  • 8a · Fundraising events: gross income

    $114,459

  • 8a · Fundraising events: contributions included on line 1c

    $320,949

  • 8b · Fundraising events: direct expenses

    $124,156

  • 8c · Net income from fundraising events

    total -$9,697 · excluded -$9,697

  • 9a · Gaming: gross income

    $7,625

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $7,625 · excluded $7,625

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $724,010 · program services $724,010

  • 2 · Grants to domestic individuals

    total $76,000 · program services $76,000

  • 5 · Compensation of officers, directors and key employees

    total $193,670 · program services $193,670

  • 7 · Other salaries and wages

    total $338,792 · program services $268,091 · management and general $70,701

  • 8 · Pension plan contributions

    total $12,416 · program services $9,375 · management and general $3,041

  • 9 · Other employee benefits

    total $23,890 · program services $20,105 · management and general $3,785

  • 10 · Payroll taxes

    total $42,348 · program services $35,854 · management and general $6,494

  • 11b · Fees: legal

    total $1,398 · program services $1,398

  • 11c · Fees: accounting

    total $16,000 · management and general $16,000

  • 11f · Fees: investment management

    total $685,158 · management and general $685,158

  • 11g · Fees: other

    total $72,921 · program services $15,398 · management and general $57,523

  • 12 · Advertising and promotion

    total $1,000 · program services $985 · management and general $15

  • 13 · Office expenses

    total $11,941 · program services $11,764 · management and general $177

  • 16 · Occupancy

    total $81,658 · program services $80,447 · management and general $1,211

  • 19 · Conferences, conventions and meetings

    total $99 · program services $99

  • 20 · Interest

    total $271,222 · program services $271,222

  • 22 · Depreciation, depletion and amortization

    total $2,422 · program services $2,422

  • 23 · Insurance

    total $6,000 · program services $6,000

  • 24a · Other expenses: SHARED SERVICES

    total $58,025 · management and general $58,025

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $38,092 · program services $37,527 · management and general $565

  • 24c · Other expenses: DONOR RECOGNITION

    total $37,796 · program services $37,236 · management and general $560

  • 24d · Other expenses: SUPPLIES

    total $15,343 · program services $15,115 · management and general $228

  • 24e · All other expenses

    total $15,211 · program services $14,985 · management and general $226

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,454 · end of year $98,912

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,700 · end of year $37,206

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

    $368,271

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

    $329,109

  • 10c · Land, buildings and equipment, net

    beginning of year $44,064 · end of year $39,162

  • 11 · Investments: publicly traded securities

    beginning of year $178,162,383 · end of year $189,741,216

  • 12 · Investments: other securities

    beginning of year $35,981,982 · end of year $36,751,469

  • 13 · Investments: program-related

    beginning of year $5,251,262 · end of year $5,493,947

  • 15 · Other assets

    beginning of year $806,252 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $896,190 · end of year $278,373

  • 25 · Other liabilities

    beginning of year $2,371,930 · end of year $2,294,976

  • 27 · Net assets without donor restrictions

    beginning of year $125,055,411 · end of year $137,392,997

  • 28 · Net assets with donor restrictions

    beginning of year $92,195,566 · end of year $92,195,566

Mission and programs · 2024

Mission

MASONIC CHARITY FOUNDATION OF CT WILL PROMOTE, SOLICIT, SECURE AND STEWARD CHARITABLE GIFTS FROM THE MASONIC FAMILY AND THE COMMUNITY TO BENEFIT THE RESIDENTS AND PATIENTS OF MASONICARE AND ITS AFFILIATES, AS WELL AS TO BUILD FURTHER ITS ENDOWMENT FUND, WITH EMPHASIS ON MEETING DONORS' GIFT GIVING OBJECTIVES. THE MASONIC CHARITY FOUNDATION OF CT WILL BE RECOGNIZED AS A FINANCIALLY SUCCESSFUL AND FISCALLY RESPONSIBLE PHILANTHROPIC ORGANIZATION BENEFITING THE RESIDENTS AND PATIENTS SERVED BY MASONICARE AND ITS AFFILIATES BY OFFERING A FULL COMPLEMENT OF GIFT GIVING OPPORTUNITIES.

Activities or mission (Part I)

MASONIC CHARITY FOUNDATION OF CT WILL PROMOTE, SOLICIT, SECURE AND STEWARD CHARITABLE GIFTS TO BENEFIT THE RESIDENTS AND PATIENTS OF MASONICARE AND ITS AFFILIATES, AS WELL AS TO BUILD FURTHER ITS ENDOWMENT FUND, WITH EMPHASIS ON MEETING DONORS' GIFT GIVING OBJECTIVES.

  • MASONIC CHARITY FOUNDATION OF CT, INC. PROVIDES PLANNED GIVING AND DEVELOPMENT SUPPORT TO ITS AFFILIATES; MANAGES ALL INVESTMENTS; PROVIDES FINANCIAL AND CHARITABLE SUPPORT AS NEEDED TO THE TAX EXEMPT AFFILIATES WITHIN THE MASONICARE SYSTEM.

    Expenses $1,821,703 · Grants $800,010

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles W Yohe

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • David O Stern

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • James J Pyskaty

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Keith Macdowall

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ray Andrewsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Berardesca

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Bohman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Carrott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Hawkins

    DIRECTOR (EFFECTIVE 04/01/25)

    Total calculated
    $0
    Hours/week
    1

  • F Matthew Heinrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Geoffrey L Ice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Kirshner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maryann Pronovost

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martin F Schwager

    DIRECTOR (EFFECTIVE 01/01/25)

    Total calculated
    $0
    Hours/week
    1

  • Gregory J Wentworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carrie Fuller-McMahon

    EXECUTIVE DIRECTOR

    Total calculated
    $197,801
    From this org
    $185,713
    From related orgs
    $0
    Other
    $12,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,761
    Bonus
    $2,000
    Other
    $2,952
    Deferred
    $11,298
    Nontaxable benefits
    $790
    Filer's total
    $197,801

  • Jon-Paul Venoit President

    AND CEO, ASSISTANT SECRETARY

    Total calculated
    $855,894
    From this org
    $0
    From related orgs
    $769,803
    Other
    $86,091
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $682,194 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $47,609 related
    Deferred
    $0 + $43,404 related
    Nontaxable benefits
    $0 + $42,687 related
    Filer's total
    $0 + $855,894 related

  • Steven D Beaulieu Cfo

    ASSISTANT TREASURER (THRU 12/31/24)

    Total calculated
    $261,119
    From this org
    $0
    From related orgs
    $195,468
    Other
    $65,651
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,033 related
    Bonus
    $0 + $13,571 related
    Other
    $0 + $21,864 related
    Deferred
    $0 + $29,291 related
    Nontaxable benefits
    $0 + $36,360 related
    Filer's total
    $0 + $261,119 related

  • David Lawlor Cfo Assistant

    TREASURER (EFFECTIVE 01/01/25)

    Total calculated
    $829,570
    From this org
    $0
    From related orgs
    $796,666
    Other
    $32,904
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $796,666 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,800 related
    Nontaxable benefits
    $0 + $1,104 related
    Filer's total
    $0 + $829,570 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
EXECUTIVE DIRECTOR, CARRIE FULLER-MCMAHON RECEIVED A PERFORMANCE BASED BONUS AS REPORTED ON SCHEDULE J, PART II, COLUMN B(II) AND INCLUDED ON FORM 990, PART VII, COLUMN (D).
SCHEDULE J, PART I, LINE 3
THE ORGANIZATION'S CEO, JON-PAUL VENOIT, IS COMPENSATED BY A RELATED ORGANIZATION, MASONICARE CORPORATION, WHICH USES THE FOLLOWING METHODS TO ESTABLISH HIS COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SENIOR LIVING BY MASONICARE LLC

    RELATED · PROVIDE SERVICES TO THE ELDERLY · CT

    Directly controlled by MASONICARE AT MYSTIC

Related corporations and trusts

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

  • GENM SENIOR CARE CONSULTING GROUP LLC

    C · CONSULTING · CT

    Directly controlled by MASONICARE CORPORATION

  • THE LONG HILL COMPANY

    C · SERVICE MANAGEMENT · CT

    Directly controlled by UNITED METHODIST HOMES INC

  • CHARITABLE REMAINDER TRUSTS (4)

    T · CHARITABLE REMAINDER UNITRUST · CT

Provenance

Return type
form_990
Tax year
2024
Filed
17 February 2026
IRS schema version
2024v5.5
Source object
202612299349302136

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