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← THE MASONIC CHARITABLE FOUNDATION OF THE GRAND LODGE OF MAINE

Form 990 for tax year 2024

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

Totals

Total revenue
$4,762,320
Total expenses
$1,602,766
Contributions and grants received
$578,153
Grants paid
$1,208,374
Program service revenue
$0
Investment income
$4,167,617
Other revenue
$16,550
Total assets, end of year
$36,844,050
Total liabilities, end of year
$1,937,859
Net assets or fund balances, end of year
$34,906,191
Program services expenses (Part IX)
$1,281,845
Management and general expenses
$172,808
Fundraising expenses
$148,113
Program service expenses (Part III)
$1,281,845

Program services were 80.0% 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

    $578,153

  • 3 · Investment income

    total $577,918 · excluded $577,918

  • 6a · Gross rents

    real property $16,550

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $16,550

  • 6d · Net rental income or loss

    total $16,550 · excluded $16,550

  • 7a · Gross sales of assets other than inventory

    securities $13,166,055

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

    securities $9,576,356

  • 7c · Gain or loss

    securities $3,589,699

  • 7d · Net gain or loss

    total $3,589,699 · excluded $3,589,699

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,054,342 · program services $1,054,342

  • 2 · Grants to domestic individuals

    total $154,032 · program services $154,032

  • 5 · Compensation of officers, directors and key employees

    total $164,190 · program services $19,922 · management and general $57,610 · fundraising $86,658

  • 7 · Other salaries and wages

    total $37,054 · program services $9,423 · management and general $26,410 · fundraising $1,221

  • 10 · Payroll taxes

    total $18,866 · program services $2,830 · management and general $8,678 · fundraising $7,358

  • 11g · Fees: other

    total $19,672 · program services $278 · management and general $18,098 · fundraising $1,296

  • 12 · Advertising and promotion

    total $24,213 · management and general $24,213

  • 13 · Office expenses

    total $58,308 · program services $6,546 · management and general $18,770 · fundraising $32,992

  • 14 · Information technology

    total $628 · program services $94 · management and general $270 · fundraising $264

  • 16 · Occupancy

    total $29,798 · program services $4,469 · management and general $12,813 · fundraising $12,516

  • 22 · Depreciation, depletion and amortization

    total $13,829 · program services $2,075 · management and general $5,946 · fundraising $5,808

  • 24a · Other expenses: OTHER OPERATING EXPENSE

    total $27,834 · program services $27,834

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $187,880 · end of year $153,874

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

    $532,939

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

    $203,297

  • 10c · Land, buildings and equipment, net

    beginning of year $343,471 · end of year $329,642

  • 11 · Investments: publicly traded securities

    beginning of year $34,758,331 · end of year $34,422,675

  • 15 · Other assets

    beginning of year $1,988,241 · end of year $1,937,859

  • 25 · Other liabilities

    beginning of year $1,988,241 · end of year $1,937,859

  • 27 · Net assets without donor restrictions

    beginning of year $29,129,112 · end of year $28,703,666

  • 28 · Net assets with donor restrictions

    beginning of year $6,160,570 · end of year $6,202,525

Mission and programs · 2024

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 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 1,750+ BIKES GIVEN AWAY. ADMINISTRATORS, CHILDREN, PARENTS, AND LODGE MEMBERS ALL KNOW THIS PROGRAM WORKS AND BENEFITS THEIR COMMUNITIES. IN ADDITION TO THE BIKES FOR BOOKS PROGRAM, EDUCATIONAL SCHOLARSHIPS WERE GIVEN TO APPROXIMATELY 30 STUDENTS. IN ADDITION TO THE FUNDS PROVIDED FOR THE BIKES FOR BOOKS LITERACY INITIATIVE, OTHER GRANTS ARE PROVIDED TO SUPPORT YOUTH IN COMMUNITIES ACROSS MAINE TO SUPPORT ORGANIZATIONS, SUCH AS SCOUTING AMERICA, CAMP POSTCARD, OPERATION REBOOT OUTDOORS MAINE, SPECIAL OLYMPICS, MAINE DYSLEXIA CENTERS OF BANGOR AND PORTLAND, BIG BROTHERS BIG SISTERS OF MAINE AND VARIOUS PROJECT GRADUATION CELEBRATIONS.

    Expenses $166,880 · Grants $69,500

  • COMMUNITY PROGRAMS INCLUDE RELIEF TO MASONS AND THEIR FAMILIES IN DISTRESS AND ARE PAID DIRECTLY TO THE PERSON IN NEED OR TO MASONIC LODGES UPON APPROVED APPLICATIONS. APPROXIMATELY 131 FAMILIES OR INDIVIDUALS RECEIVED BENEFITS.

    Expenses $337,182 · Grants $337,182

  • GRANTS TO OTHER ORGANIZATIONS.

    Expenses $777,783 · Grants $801,692

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

Listed in Part VII

  • Daniel E Bartlett

    SECRETARY

    Total calculated
    $20,625
    From this org
    $20,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Donald Pratt

    CHAIR & PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Simonton

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Edwards

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Audie Gould

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Derik Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Justin St Germain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank Theriault Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Claire Tusch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Weisner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Witham

    TREASURER

    Total calculated
    $26,435
    From this org
    $26,435
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Susan Scacchi

    EXECUTIVE DIRECTOR

    Total calculated
    $117,130
    From this org
    $117,130
    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 $34,062 · assets $375,091

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

Provenance

Return type
form_990
Tax year
2024
Filed
6 February 2026
IRS schema version
2024v5.5
Source object
202640449349302189

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