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← MINNESOTA MASONIC CHARITIES FUNDS

Form 990 for tax year 2022

Filed by MINNESOTA MASONIC CHARITIES FUNDS.

Totals

Total revenue
$15,393,788
Total expenses
$1,020,825
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$15,444,836
Other revenue
-$51,048
Total assets, end of year
$142,490,325
Total liabilities, end of year
$9,106,897
Net assets or fund balances, end of year
$133,383,428
Program services expenses (Part IX)
$648,752
Management and general expenses
$372,073
Fundraising expenses
$0
Program service expenses (Part III)
$648,752

Program services were 63.6% 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.

  • 3 · Investment income

    total $3,110,705 · excluded $3,110,705

  • 7a · Gross sales of assets other than inventory

    securities $45,138,629

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

    securities $32,804,498

  • 7c · Gain or loss

    securities $12,334,131

  • 7d · Net gain or loss

    total $12,334,131 · excluded $12,334,131

  • 11a · Other revenue: OTHER REVENUE

    total -$51,048 · excluded -$51,048

  • 11e · Other revenue, total

    -$51,048

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $350,004 · management and general $350,004

  • 11c · Fees: accounting

    total $22,069 · management and general $22,069

  • 11f · Fees: investment management

    total $648,752 · program services $648,752

Balance sheet

Part X, book values.

  • 7 · Other notes and loans receivable

    beginning of year $9,180 · end of year $9,180

  • 11 · Investments: publicly traded securities

    beginning of year $183,064,880 · end of year $136,341,912

  • 15 · Other assets

    beginning of year $6,659,015 · end of year $6,139,233

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,714 · end of year $49,671

  • 25 · Other liabilities

    beginning of year $8,971,911 · end of year $9,057,226

  • 27 · Net assets without donor restrictions

    beginning of year $177,401,708 · end of year $130,290,650

  • 28 · Net assets with donor restrictions

    beginning of year $3,304,742 · end of year $3,092,778

Mission and programs · 2022

Mission

MINNESOTA MASONIC CHARITIES AND AFFILIATES' PRIMARY PURPOSES ARE TO HELP, AID AND ASSIST THE MASONIC FAMILY AND OTHERS, GUIDED BY THE MASONIC PRINCIPLES OF BROTHERLY LOVE, RELIEF AND TRUTH, BY (A) PROVIDING FINANCIAL OR OTHER ASSISTANCE TO NON-PROFIT TAX EXEMPT ENTITIES THAT PROVIDE FACILITIES FOR NURSING CARE AND ELDERLY HOUSING; FACILITIES AND PROGRAMS FOR COMMUNITY, HEALTH, SOCIAL SERVICES AND EDUCATION OF THE ELDERLY; (B) PROMOTING RESEARCH AND ACTIVITIES RELATED TO THE TREATMENT AND CURE OF CANCER, CHILDHOOD LANGUAGE DISORDERS, PHYSICAL, EMOTIONAL AND MENTAL MALADIES OF THE YOUTH; (C) ASSISTING STUDENTS IN OBTAINING HIGHER EDUCATION; (D) THE COLLECTION, PRESERVATION AND DISSEMINATION OF HISTORICAL KNOWLEDGE ABOUT MASONRY IN MINNESOTA; AND (E) TO ENGAGE IN, ADVANCE, SUPPORT, PROMOTE, AND ADMINISTER CHARITABLE CAUSES AND PROJECTS THAT AID, ASSIST, AND CONTRIBUTE TO THE SUPPORT OF CORPORATIONS, TRUSTS, ASSOCIATIONS, AND FOUNDATIONS THAT ARE EXEMPT FROM FEDERAL INCOME TAXES.

Activities or mission (Part I)

TO MANAGE AND ADMINISTER INVESTMENTS FOR ITS AFFILIATES.

  • MANAGE AND ADMINISTER INVESTMENTS FOR ITS AFFILIATES, WHICH ARE EXEMPT UNDER 501(C)(3), TO ACCOMPLISH THEIR EXEMPT PURPOSES.

    Expenses $648,752

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARK A CAMPBELL

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAVID S WETHING

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • PAUL C HIMMLER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • STEVEN R JOHNSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DOUGLAS J CAMPBELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ROBERT L FENDLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • GREGORY J LANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ERIC J NEETENBEEK

    PRESIDENT/CEO - CHARITIES

    Total calculated
    $465,126
    From this org
    $0
    From related orgs
    $430,564
    Other
    $34,562
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $345,564 related
    Bonus
    $0 + $85,000 related
    Other
    $0
    Deferred
    $0 + $15,928 related
    Nontaxable benefits
    $0 + $18,634 related
    Filer's total
    $0 + $465,126 related

  • SUE MORK

    CFO - CHARITIES

    Total calculated
    $245,695
    From this org
    $0
    From related orgs
    $211,985
    Other
    $33,710
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,985 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $11,848 related
    Nontaxable benefits
    $0 + $21,862 related
    Filer's total
    $0 + $245,695 related

  • JOHN SCHWIETZ

    COO - CHARITIES

    Total calculated
    $252,599
    From this org
    $0
    From related orgs
    $226,124
    Other
    $26,475
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,149 related
    Bonus
    $0 + $26,975 related
    Other
    $0
    Deferred
    $0 + $4,793 related
    Nontaxable benefits
    $0 + $21,682 related
    Filer's total
    $0 + $252,599 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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY A RELATED ORGANIZATION THAT USES THE FOLLOWING METHODS: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. COMPENSATION SURVEY OR STUDY 4. 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
27 October 2023
IRS schema version
2022v5.0
Source object
202323109349301787

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