Overview
What is Masonic Building Association?
The Masonic Building Association is a nonprofit organization situated at 196 Main Street, Nashua, New Hampshire. Its primary role is to hold title to property, generating income that is then distributed to benefit other tax-exempt organizations. By doing so, the Masonic Building Association serves as a financial contributor to various related charitable entities, contributing to their overall missions and objectives.
Is Masonic Building Association legitimate?
Masonic Building Association is a legitimate nonprofit organization registered as a 501(c)(2) entity. Masonic Building Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $10,542
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Masonic Building Association?
The Masonic Building Association's primary role is to hold title to property. This organization then distributes all its income to benefit other tax-exempt organizations, serving as a financial resource for them. By doing so, the Masonic Building Association contributes to the missions of these related parties, furthering their collective efforts and goals. This association acts as a facilitator, using its property ownership and income distribution to support the work of various tax-exempt organizations.
Who is the CEO of Masonic Building Association?
Robert Porter is the President of Masonic Building Association.
What is the revenue of Masonic Building Association?
Masonic Building Association's revenue in 2022 was $255,815.
Who are the executives of Masonic Building Association and what are their salaries?
Here are 8 key members and their salaries:
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- Other: $0
- Compensation: $0
- Related: $5,271
- Other: $0
- Compensation: $0
- Related: $1,054
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $8,830
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Masonic Building Association?
Masonic Building Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Masonic Building Association
The Masonic Building Association, as a nonprofit organization, holds the title to property and channels all its income towards benefiting related parties. These beneficiaries are other tax-exempt organizations. By managing its assets in this manner, the Masonic Building Association contributes to the continued operations and success of its affiliated organizations, thereby extending its impact beyond its immediate sphere. This unique approach allows the Masonic Building Association to play a supportive role in the wider nonprofit sector, contributing to the collective mission of its associated entities.
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Impact
October, 2024
The Masonic Building Association plays a significant role in the community by managing property and generating income that supports various tax-exempt organizations. By holding title to property, the association ensures that the assets are utilized effectively to benefit related parties, fostering a collaborative spirit among organizations dedicated to community improvement. This focus on passing income to support these entities amplifies their ability to serve the community, addressing various social, educational, and charitable needs within Nashua, NH, and surrounding areas. In essence, the association acts as a crucial partner in enhancing community welfare by providing financial support and resources to organizations aligned with its mission.
This information is meant to be a general summary of Masonic Building Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $147
- Gross Receipts: $255,815
Assets and Liabilities:
- Total Assets: $1,164,986
- Total Liabilities: $431,149
- Net Assets: $733,837
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Organization Details
Founding Year
1889
Phone
(603) 821-5196Principal Officer
Robert Porter
Main Address
196 MAIN STREET, NASHUA, NH, 03060
NTEE Category
Code: S47 - Community improvement
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