Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $52,000

• 1f · All other contributions, gifts and grants

  $13,426,154

• 6a · Gross rents

  real property $24,180

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $24,180

• 6d · Net rental income or loss

  total $24,180 · excluded $24,180

• 8a · Fundraising events: gross income

  $59,500

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

  $52,000

• 8b · Fundraising events: direct expenses

  $35,917

• 8c · Net income from fundraising events

  total $23,583 · excluded $23,583

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $12,712 · excluded $12,712

• 11e · Other revenue, total

  $12,712

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $27,126,098 · program services $27,126,098

• 2 · Grants to domestic individuals

  total $1,096,106 · program services $1,096,106

• 5 · Compensation of officers, directors and key employees

  total $928,031 · management and general $928,031

• 7 · Other salaries and wages

  total $574,019 · management and general $441,624 · fundraising $132,395

• 8 · Pension plan contributions

  total $27,017 · management and general $27,017

• 9 · Other employee benefits

  total $20,368 · management and general $20,368

• 10 · Payroll taxes

  total $90,680 · management and general $90,680

• 11a · Fees: management

  total $249,996 · management and general $249,996

• 11b · Fees: legal

  total $22,161 · management and general $22,161

• 11c · Fees: accounting

  total $160,356 · management and general $160,356

• 11g · Fees: other

  total $72,204 · management and general $72,204

• 12 · Advertising and promotion

  total $51,263 · management and general $51,263

• 13 · Office expenses

  total $388,885 · management and general $388,885

• 16 · Occupancy

  total $111,835 · management and general $111,835

• 17 · Travel

  total $56,260 · management and general $51,950 · fundraising $4,310

• 19 · Conferences, conventions and meetings

  total $76,078 · management and general $63,388 · fundraising $12,690

• 22 · Depreciation, depletion and amortization

  total $9,468 · management and general $9,468

• 24a · Other expenses: EVENTS

  total $88,041 · management and general $59,697 · fundraising $28,344

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $15,772 · management and general $15,772

• 24c · Other expenses: MISCELLANEOUS

  total $1,154 · management and general $1,154

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $522,077 · end of year $1,407,056

• 4 · Accounts receivable

  end of year $45,480

• 9 · Prepaid expenses and deferred charges

  beginning of year $26,010 · end of year $53,710

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

  $58,673

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

  $25,090

• 10c · Land, buildings and equipment, net

  beginning of year $41,501 · end of year $33,583

• 11 · Investments: publicly traded securities

  end of year $163,690

• 12 · Investments: other securities

  end of year $11,657,404

• 15 · Other assets

  beginning of year $14,841,526 · end of year $15,756,657

• 17 · Accounts payable and accrued expenses

  beginning of year $459,165 · end of year $627,049

• 18 · Grants payable

  beginning of year $37,016,896 · end of year $55,579,398

• 25 · Other liabilities

  beginning of year $9,135,394 · end of year $12,353,899

• 27 · Net assets without donor restrictions

  beginning of year -$35,905,212 · end of year -$56,128,475

• 28 · Net assets with donor restrictions

  beginning of year $4,724,871 · end of year $16,685,709

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

Related corporations and trusts

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

• MINNESOTA MASONIC HOMES MANAGEMENT CONSULTING SERVICES

  C · CONSULTING SERVICES · MN · 100% owned · controlled entity

  Directly controlled by MINNESOTA MASONIC CHARITIES