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Nonprofiteer
← MASONIC HOME AND SCHOOL OF TEXAS

Form 990 for tax year 2023

Filed by MASONIC HOME AND SCHOOL OF TEXAS.

Totals

Total revenue
$5,920,280
Total expenses
$5,363,639
Contributions and grants received
$839,785
Grants paid
$3,110,674
Program service revenue
$202,220
Investment income
$3,925,609
Other revenue
$952,666
Total assets, end of year
$143,438,602
Total liabilities, end of year
$1,571,356
Net assets or fund balances, end of year
$141,867,246
Program services expenses (Part IX)
$4,419,296
Management and general expenses
$694,885
Fundraising expenses
$249,458
Program service expenses (Part III)
$4,419,296

Program services were 82.4% 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

    $32,214

  • 1d · Related organizations

    $250,000

  • 1f · All other contributions, gifts and grants

    $557,571

  • 1g · Noncash contributions included above

    $10,444

  • 2a · Program service revenue: MASONIC WIDOWS

    total $202,220 · related or exempt $202,220

  • 3 · Investment income

    total $2,974,653 · excluded $2,974,653

  • 5 · Royalties

    total $943,109 · excluded $943,109

  • 6a · Gross rents

    real property $57,346

  • 6c · Rental income or loss

    real property $57,346

  • 6d · Net rental income or loss

    total $57,346 · excluded $57,346

  • 7a · Gross sales of assets other than inventory

    securities $11,948,788 · other assets $1,000,000

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

    securities $11,997,832

  • 7c · Gain or loss

    securities -$49,044 · other assets $1,000,000

  • 7d · Net gain or loss

    total $950,956 · excluded $950,956

  • 8a · Fundraising events: gross income

    $31,267

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

    $32,214

  • 8b · Fundraising events: direct expenses

    $79,268

  • 8c · Net income from fundraising events

    total -$48,001 · excluded -$48,001

  • 9a · Gaming: gross income

    $212

  • 9c · Net income from gaming

    total $212 · excluded $212

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,110,674 · program services $3,110,674

  • 5 · Compensation of officers, directors and key employees

    total $330,074 · program services $91,345 · management and general $225,122 · fundraising $13,607

  • 7 · Other salaries and wages

    total $342,816 · program services $245,993 · management and general $4,349 · fundraising $92,474

  • 8 · Pension plan contributions

    total $14,013 · program services $7,792 · management and general $1,845 · fundraising $4,376

  • 9 · Other employee benefits

    total $60,391 · program services $47,002 · management and general $1,127 · fundraising $12,262

  • 10 · Payroll taxes

    total $52,217 · program services $26,978 · management and general $16,661 · fundraising $8,578

  • 11b · Fees: legal

    total $53,153 · management and general $53,153

  • 11c · Fees: accounting

    total $59,774 · management and general $59,774

  • 11f · Fees: investment management

    total $208,896 · management and general $208,896

  • 11g · Fees: other

    total $105,534 · program services $88,807 · management and general $16,563 · fundraising $164

  • 12 · Advertising and promotion

    total $84,221 · fundraising $84,221

  • 13 · Office expenses

    total $148,096 · program services $116,154 · management and general $28,242 · fundraising $3,700

  • 14 · Information technology

    total $88,501 · program services $66,261 · management and general $14,674 · fundraising $7,566

  • 16 · Occupancy

    total $109,512 · program services $64,092 · management and general $30,696 · fundraising $14,724

  • 17 · Travel

    total $11,598 · program services $8,839 · management and general $2,360 · fundraising $399

  • 22 · Depreciation, depletion and amortization

    total $7,263 · management and general $7,263

  • 23 · Insurance

    total $98,155 · program services $82,491 · management and general $8,798 · fundraising $6,866

  • 24a · Other expenses: PROGRAM MATERIALS

    total $455,048 · program services $455,048

  • 24b · Other expenses: BOARD/COMMITTEE EXPENSES

    total $11,575 · management and general $11,575

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $5,535 · program services $3,403 · management and general $2,120 · fundraising $12

  • 24d · Other expenses: EVENT MEALS

    total $2,857 · program services $2,857

  • 24e · All other expenses

    total $3,736 · program services $1,560 · management and general $1,667 · fundraising $509

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,117 · end of year $243,995

  • 4 · Accounts receivable

    beginning of year $13,658 · end of year $202,499

  • 9 · Prepaid expenses and deferred charges

    beginning of year $175,259 · end of year $114,050

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

    $1,673,934

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

    $126,104

  • 10c · Land, buildings and equipment, net

    beginning of year $1,544,951 · end of year $1,547,830

  • 11 · Investments: publicly traded securities

    beginning of year $102,475,814 · end of year $111,717,138

  • 12 · Investments: other securities

    beginning of year $12,680,055 · end of year $17,176,561

  • 15 · Other assets

    beginning of year $16,137,113 · end of year $12,436,529

  • 17 · Accounts payable and accrued expenses

    beginning of year $737,724 · end of year $1,100,497

  • 19 · Deferred revenue

    beginning of year $21,250 · end of year $17,000

  • 25 · Other liabilities

    beginning of year $528,101 · end of year $453,859

  • 27 · Net assets without donor restrictions

    beginning of year $33,447,441 · end of year $34,712,274

  • 28 · Net assets with donor restrictions

    beginning of year $98,296,451 · end of year $107,154,972

Mission and programs · 2023

Mission

TO IMPROVE THE QUALITY OF LIFE FOR CHILDREN AND FAMILIES OF TEXAS.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES ASSISTANCE FOR QUALIFYING CHILDREN AND FAMILIES THROUGH THIRD PARTY PROVIDERS AND PROVIDES FINANCIAL SUPPORT FOR THE CARE AND MAINTENANCE FOR QUALIFIED APPLICANTS THROUGH THIRD PARTY PROVIDERS.

  • MASONIC HOME AND SCHOOL OF TEXAS PROVIDES NEEDY AND QUALIFIED CHILDREN WHO RESIDE IN TEXAS WITH INFORMATION, REFERRAL, AND/OR FINANCIAL SUPPORT FOR CHILDREN'S SERVICES. NEARLY 1,500 CHILDREN WERE ASSISTED DURING THE 2023-2024 YEAR.

    Expenses $2,267,347 · Grants $1,615,488

  • MASONIC HOME AND SCHOOL OF TEXAS PROVIDES FINANCIAL SUPPORT FOR THE CARE AND MAINTENANCE OF QUALIFIED APPLICANTS TO THIRD PARTY PROVIDERS INCLUDING, BUT NOT LIMITED TO, THE TEXAS MASONIC RETIREMENT CENTER IN ARLINGTON, TEXAS. THE ORGANIZATION FINANCIALLY SUPPORTED 6 WIDOWS DURING THE YEAR.

    Expenses $827,966 · Grants $739,798 · Revenue $202,220

  • MASONIC HOME AND SCHOOL OF TEXAS PARTNERS WITH CHILD STUDY CENTER IN FORT WORTH, TX AND THE UNIVERSITY OF HOUSTON, CLEAR LAKE, TO PROVIDE A FREE PARENT AUTISM TRAINING PROGRAM. EXPERTS AT THE CENTER PROVIDE PARENTS WITH VALUABLE TOOLS AND TECHNIQUES TO HELP THEIR CHILD LEARN NEW SKILLS DURING THIS TWO WEEK INTENSIVE PROGRAM. ALTHOUGH IT IS NOT A CURE FOR AUTISM, THE PROGRAM ADDRESSES SIGNIFICANT CHALLENGES CHILDREN WITH THE DISEASE FACE. FAMILIES HAVE SEEN A DRASTIC REDUCTION IN THEIR MOST CHALLENGING BEHAVIORS AFTER LEAVING THE CENTER. THROUGH OUR PARTNERSHIP, WE ARE HELPING FAMILIES LIVE BETTER LIVES DURING THE 2023-2024 YEAR, THE ORGANIZATION ASSISTED 114 FAMILIES.

    Expenses $755,388 · Grants $755,388

  • MASONIC HOME AND SCHOOL OF TEXAS PROMOTES PREVENTION OF TOOTH DECAY IN CHILDREN BY TEACHING THEM GOOD DENTAL HABITS AND PROVIDING CHILDREN THE PROPER TOOLS TO KEEP THEIR TEETH HEALTHY. DURING THE 2023-2024 YEAR, 152,970 TEXAS CHILDREN RECEIVED FREE "PREVENT TOOTH DECAY" KITS.

    Expenses $568,595

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tom Serfass

    CFO/CIO

    Total calculated
    $186,041
    From this org
    $171,318
    From related orgs
    $0
    Other
    $14,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,358
    Bonus
    $1,960
    Other
    not reported
    Deferred
    $3,750
    Nontaxable benefits
    $10,973
    Filer's total
    $186,041

  • Shannon Davis

    EXECUTIVE DI

    Total calculated
    $129,919
    From this org
    $109,718
    From related orgs
    $0
    Other
    $20,201
    Hours/week
    40

  • John R Clements

    PRESIDENT/DI

    Total calculated
    $0
    Hours/week
    5

  • Ken Curry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • John Denson

    TREASURER/DI

    Total calculated
    $0
    Hours/week
    5

  • Zachary Haston

    VP/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Bradley Kohanke

    SECRETARY/DI

    Total calculated
    $0
    Hours/week
    5

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501329349303255

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