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← THE MASONIC CHARITABLE FOUNDATION OF THE GRAND LODGE OF MAINE

Form 990 for tax year 2022

Filed by THE MASONIC CHARITABLE FOUNDATION OF THE GRAND LODGE OF MAINE.

Totals

Total revenue
$464,622
Total expenses
$1,635,959
Contributions and grants received
$179,801
Grants paid
$1,178,576
Program service revenue
$0
Investment income
$251,640
Other revenue
$33,181
Total assets, end of year
$31,166,720
Total liabilities, end of year
$1,696,742
Net assets or fund balances, end of year
$29,469,978
Program services expenses (Part IX)
$1,243,871
Management and general expenses
$243,489
Fundraising expenses
$148,599
Program service expenses (Part III)
$1,243,871

Program services were 76.0% 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

    $179,801

  • 3 · Investment income

    total $476,300 · excluded $476,300

  • 6a · Gross rents

    real property $16,044

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $16,044

  • 6d · Net rental income or loss

    total $16,044 · excluded $16,044

  • 7a · Gross sales of assets other than inventory

    securities $9,574,301

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

    securities $9,798,961

  • 7c · Gain or loss

    securities -$224,660

  • 7d · Net gain or loss

    total -$224,660 · excluded -$224,660

  • 8a · Fundraising events: gross income

    $30,875

  • 8b · Fundraising events: direct expenses

    $13,738

  • 8c · Net income from fundraising events

    total $17,137 · excluded $17,137

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $938,700 · program services $938,700

  • 2 · Grants to domestic individuals

    total $239,876 · program services $239,876

  • 5 · Compensation of officers, directors and key employees

    total $130,145 · program services $16,058 · management and general $42,999 · fundraising $71,088

  • 7 · Other salaries and wages

    total $34,150 · program services $7,899 · management and general $25,668 · fundraising $583

  • 9 · Other employee benefits

    total $8,878 · program services $1,568 · management and general $6,715 · fundraising $595

  • 10 · Payroll taxes

    total $14,720 · program services $2,208 · management and general $6,771 · fundraising $5,741

  • 11f · Fees: investment management

    total $76,806 · management and general $76,806

  • 11g · Fees: other

    total $15,567 · program services $320 · management and general $13,751 · fundraising $1,496

  • 12 · Advertising and promotion

    total $31,254 · management and general $31,254

  • 13 · Office expenses

    total $74,803 · program services $6,646 · management and general $19,054 · fundraising $49,103

  • 14 · Information technology

    total $1,292 · program services $193 · management and general $556 · fundraising $543

  • 16 · Occupancy

    total $28,704 · program services $4,307 · management and general $12,343 · fundraising $12,054

  • 17 · Travel

    total $5,000 · program services $5,000

  • 22 · Depreciation, depletion and amortization

    total $17,609 · program services $2,641 · management and general $7,572 · fundraising $7,396

  • 24e · All other expenses

    total $18,455 · program services $18,455

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,255 · end of year $49,742

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

    $532,939

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

    $172,066

  • 10c · Land, buildings and equipment, net

    beginning of year $378,482 · end of year $360,873

  • 11 · Investments: publicly traded securities

    beginning of year $33,144,871 · end of year $29,059,363

  • 15 · Other assets

    beginning of year $1,880,741 · end of year $1,696,742

  • 25 · Other liabilities

    beginning of year $1,880,741 · end of year $1,696,742

  • 27 · Net assets without donor restrictions

    beginning of year $28,158,428 · end of year $24,566,962

  • 28 · Net assets with donor restrictions

    beginning of year $5,376,180 · end of year $4,903,016

Mission and programs · 2022

Mission

THE FOUNDATION WAS ESTABLISHED FOR CHARITABLE, EDUCATIONAL AND OTHER SPECIFIC PURPOSES IN ACCORDANCE WITH MASONIC PRINCIPLES AND PRACTICES.

  • YOUTH ACTIVITIES: OUR BIKES FOR BOOKS PROGRAM IS THE LARGEST UNDER THIS YOUTH ACTIVITIES CATEGORY. THE PROGRAM IS INTENDED TO BE EXECUTED WITH A SCHOOL'S READING INITIATIVE TO SUPPORT LOCAL SCHOOLS. LODGES ARE GOING INTO THE COMMUNITY AND WORKING WITH SCHOOLS AND LIBRARIES TO PROPOSE A COMMUNITY PARTICIPATION IN THE PROGRAM. THIS INCLUDES PARTNERSHIPS WITH SCHOOLS, LIBRARIES AND COMMUNITY BUSINESSES, ENGAGING THE COMMUNITY IN RAISING FUNDS, WITH A SHARED GOAL TO SEE FREE BIKES AND HELMETS GET INTO THE HANDS OF WORTHY CHILDREN WHO HAVE EARNED A REWARD FOR THEIR EFFORTS. THIS PAST YEAR WE SAW ROUGHLY 1,660+ BIKES GIVEN AWAY, A SMALL INCREASE OVER LAST YEARS' LEVELS NOW THAT SCHOOLS ARE FULLY OPEN. ADMINISTRATORS, CHILDREN, PARENTS, AND LODGE MEMBERS ALL KNOW THIS PROGRAM WORKS AND BENEFITS THEIR COMMUNITIES. IN ADDITION TO THE BIKES FOR BOOKS PROGRAM, SCHOLARSHIPS WERE GIVEN TO APPROXIMATELY 35 STUDENTS. OTHER YOUTH ACTIVITIES INCLUDED GRANTS TO ORGANIZATIONS, , SUCH AS SPECIAL OLYMPICS, RAINBOW GIRLS AND DEMOLAY OF MAINE, DYSLEXIA CENTERS OF BANGOR & PORTLAND, AND PROJECTS SUCH AS PROJECT GRADUATION.

    Expenses $459,800 · Grants $459,800

  • COMMUNITY PROGRAMS INCLUDE RELIEF TO MASONS AND THEIR FAMILIES IN DISTRESS AND GENERALLY PAID TO MASONIC LODGES UPON APPROVED APPLICATIONS AND SUPPORT OF OTHER COMMUNITY VOLUNTEER PROJECTS. APPOXIMATELY 120 FAMILIES OR INDIVIDUALS RECEIVED BENEFITS.

    Expenses $586,453 · Grants $575,356

  • GRANTS TO OTHER ORGANIZATIONS.

    Expenses $109,638 · Grants $109,638

  • OTHER PROGRAMS SUCH AS MUSEUM, LIBRARY, SEMINARS ACTIVITIES.

    Expenses $87,980 · Grants $33,782

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

Listed in Part VII

  • Daniel E Bartlett

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Donald Pratt

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Scott Walton

    SECRETARY

    Total calculated
    $17,970
    From this org
    $17,970
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Kevin Campbell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Audie Gould

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Parkin A Hamilton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank M Theriault Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas E Pulkkinen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael R Roy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Claire V Tusch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David A Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Whytock

    TREASURER

    Total calculated
    $16,667
    From this org
    $16,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Susan Scacchi

    EXECUTIVE DIRECTOR

    Total calculated
    $95,509
    From this org
    $95,509
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HOLDEN MASONIC ASSOCIATION LLC

    REAL ESTATE · ME · income $32,107 · assets $395,571

    Directly controlled by THE MASONIC CHARITABLE FOUNDATION OF THE GRAND LODGE OF MAINE

Provenance

Return type
form_990
Tax year
2022
Filed
8 December 2023
IRS schema version
2022v5.0
Source object
202333499349300208

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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