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← IOWA CITY MASONIC FOUNDATION

Form 990 for tax year 2023

Filed by IOWA CITY MASONIC FOUNDATION.

Totals

Total revenue
$377,766
Total expenses
$133,567
Contributions and grants received
$6,600
Grants paid
$60,700
Program service revenue
$0
Investment income
$334,506
Other revenue
$36,660
Total assets, end of year
$4,838,733
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,838,733
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $6,600

  • 3 · Investment income

    total $78,082 · excluded $78,082

  • 6a · Gross rents

    real property $87,467

  • 6b · Less rental expenses

    real property $50,807

  • 6c · Rental income or loss

    real property $36,660

  • 6d · Net rental income or loss

    total $36,660 · excluded $36,660

  • 7a · Gross sales of assets other than inventory

    securities $875,381 · other assets $224,900

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

    securities $627,117 · other assets $216,740

  • 7c · Gain or loss

    securities $248,264 · other assets $8,160

  • 7d · Net gain or loss

    total $256,424 · excluded $256,424

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,000

  • 2 · Grants to domestic individuals

    total $26,700

  • 11c · Fees: accounting

    total $4,959

  • 11f · Fees: investment management

    total $1,252

  • 12 · Advertising and promotion

    total $201

  • 13 · Office expenses

    total $1,205

  • 16 · Occupancy

    total $3,360

  • 24a · Other expenses: MASONIC SUPPORT

    total $61,890

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,373 · end of year $18,226

  • 2 · Savings and temporary cash investments

    beginning of year $92,260 · end of year $265,136

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

    $1,215,634

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,349,851 · end of year $1,215,634

  • 11 · Investments: publicly traded securities

    beginning of year $3,007,424 · end of year $3,334,700

  • 15 · Other assets

    beginning of year $4,885 · end of year $5,037

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,472,793 · end of year $4,838,733

Mission and programs · 2023

Mission

TO SOLICIT AND MANAGE GIFTS OF MONEY AND/OR PROPERTY FOR THE IOWA CITY MASONIC COMMUNITY TO BE USED FOR CHARITABLE PURPOSES, EDUCATION, COMMUNITY SUPPORT, AND TO ASSIST IN THE EXPENSE OF MAINTAINING THE MASONIC BUILDING.

  • PROVIDING EDUCATIONAL SCHOLARSHIPS TO STUDENTS. 17 INDIVIDUAL STUDENTS WERE SUPPORTED DURING THE YEAR.

  • PROVIDING FUNDS TO SUPPORT CHARITABLE ORGANIZATIONS. 9 ORGANIZATIONS WERE SUPPORTED DURING THE YEAR.

  • MASONIC SUPPORT MADE UP OF OPERATING EXPENSES SUCH AS, RENT, LEGAL AND ACCOUNTING, OFFICE SUPPLIES, AND EVENTS.

As filed on the 2023 return.

Listed in Part VII

  • Henry Herwig

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Joe Tiffany

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Keith Jones

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Danelle Essing

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • James Burr

    TREASURER

    Total calculated
    $0
    Hours/week
    6

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

  • TABLE TO TABLE

    $10,000

    FOOD DISTRIBUTION PROGRAM

  • IOWA CITY POLICEMAN'S FRATERNAL ASSOCIATION

    $8,000

    SHOP WITH HERO'S PROGRAM

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349315280

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