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← INDIANA MASONIC HOME FOUNDATION INCORPORATED

Form 990 for tax year 2024

Filed by INDIANA MASONIC HOME FOUNDATION INCORPORATED.

Totals

Total revenue
$7,377,681
Total expenses
$4,623,759
Contributions and grants received
$1,009,537
Grants paid
$3,393,804
Program service revenue
$0
Investment income
$6,387,094
Other revenue
-$18,950
Total assets, end of year
$92,973,328
Total liabilities, end of year
$642,613
Net assets or fund balances, end of year
$92,330,715
Program services expenses (Part IX)
$3,393,804
Management and general expenses
$811,700
Fundraising expenses
$418,255
Program service expenses (Part III)
$3,393,804

Program services were 73.4% 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

    $30,564

  • 1f · All other contributions, gifts and grants

    $978,973

  • 3 · Investment income

    total $2,483,989 · excluded $2,483,989

  • 6a · Gross rents

    real property $8,450

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $8,450

  • 6d · Net rental income or loss

    total $8,450 · excluded $8,450

  • 7a · Gross sales of assets other than inventory

    securities $43,538,029

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

    securities $39,634,924

  • 7c · Gain or loss

    securities $3,903,105

  • 7d · Net gain or loss

    total $3,903,105 · excluded $3,903,105

  • 8a · Fundraising events: gross income

    $11,520

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

    $30,564

  • 8b · Fundraising events: direct expenses

    $38,920

  • 8c · Net income from fundraising events

    total -$27,400 · excluded -$27,400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,393,804 · program services $3,393,804

  • 5 · Compensation of officers, directors and key employees

    total $100,250 · management and general $50,125 · fundraising $50,125

  • 7 · Other salaries and wages

    total $222,083 · management and general $78,808 · fundraising $143,275

  • 8 · Pension plan contributions

    total $7,282 · management and general $2,913 · fundraising $4,369

  • 9 · Other employee benefits

    total $70,250 · management and general $28,100 · fundraising $42,150

  • 10 · Payroll taxes

    total $23,585 · management and general $9,434 · fundraising $14,151

  • 11b · Fees: legal

    total $175 · management and general $175

  • 11c · Fees: accounting

    total $40,175 · management and general $40,175

  • 11f · Fees: investment management

    total $520,235 · management and general $520,235

  • 11g · Fees: other

    total $34,157 · management and general $13,663 · fundraising $20,494

  • 12 · Advertising and promotion

    total $37,427 · fundraising $37,427

  • 13 · Office expenses

    total $18,548 · management and general $9,274 · fundraising $9,274

  • 14 · Information technology

    total $20,130 · management and general $20,130

  • 16 · Occupancy

    total $35,069 · management and general $14,028 · fundraising $21,041

  • 17 · Travel

    total $27,893 · fundraising $27,893

  • 22 · Depreciation, depletion and amortization

    total $6,703 · management and general $6,703

  • 23 · Insurance

    total $9,991 · management and general $9,991

  • 24a · Other expenses: PRINTING NEWSLETTER

    total $46,000 · fundraising $46,000

  • 24e · All other expenses

    total $10,002 · management and general $7,946 · fundraising $2,056

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,099,550 · end of year $1,602,448

  • 3 · Pledges and grants receivable

    end of year $626,262

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

    $937,708

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

    $198,171

  • 10c · Land, buildings and equipment, net

    beginning of year $746,076 · end of year $739,537

  • 11 · Investments: publicly traded securities

    beginning of year $88,879,459 · end of year $89,407,825

  • 15 · Other assets

    beginning of year $570,687 · end of year $597,256

  • 25 · Other liabilities

    beginning of year $716,760 · end of year $642,613

  • 27 · Net assets without donor restrictions

    beginning of year $91,325,558 · end of year $91,236,346

  • 28 · Net assets with donor restrictions

    beginning of year $253,454 · end of year $1,094,369

Mission and programs · 2024

Mission

TO SUPPORT THE INDIANA MASONIC HOME BY HOLDING IN TRUST UNDESIGNATED ENDOWMENT FUNDS GIVEN FOR THE BENEFIT OF THE HOME, AND TO MANAGE THESE FUNDS TO ACHIEVE MAXIMUM RETURNS CONSISTENT WITH PRUDENT INVESTMENT PRACTICES.

Activities or mission (Part I)

TO SUPPORT THE INDIANA MASONIC HOME

  • ANNUAL DISTRIBUTION TO THE INDIANA MASONIC HOME FOR THE FRATERNAL BENEFIT AND SUPPORT OF THOSE IN THE MASONIC FAMILY WHO ARE UNABLE TO PROVIDE CARE FOR THEMSELVES.

    Expenses $3,393,804 · Grants $3,393,804

  • SPECIAL EVENT AMOUNT RAISED FOR SHRINERS HOSPITAL FOR CHILDREN

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

Listed in Part VII

  • Richard J Elman

    BOARD MEMBER

    Total calculated
    $155,187
    From this org
    $0
    From related orgs
    $113,713
    Other
    $41,474
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $113,713 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $41,474 related
    Filer's total
    $0 + $155,187 related

  • Gregory N Jordan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeffery P Zaring

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Donna M Clutter

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Daniel J Riley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alex L Rogers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert D Heuchan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles F Marlowe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James L Chesney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joel R Harbaugh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ronald L Buskirk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Eric J Vermeulen

    EXECUTIVE DIRECTOR

    Total calculated
    $100,250
    From this org
    $95,456
    From related orgs
    $0
    Other
    $4,794
    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. 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

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.

Disregarded entities

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

  • ST CLAIR LLC

    REAL ESTATE HOLDING COMPANY · IN · income $17 · assets $3,975

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523179349309337

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