Overview
What is Demolay Foundation Of Massachusetts?
The Demolay Foundation of Massachusetts is a nonprofit organization situated in Boston, Massachusetts. Established with charitable, religious, and educational objectives, the foundation aims to support and guide young men aged 12 to 21, fostering their physical, mental, and spiritual growth. This is accomplished through various activities, such as physical education, sportsmanship, fraternal fellowship, citizenship, public speaking, and the arts. The foundation organizes an annual event, referred to as a Conclave, which serves as a platform for planning programs, civic service, athletics, and legislative initiatives. During the year 2022, the organization provided scholarship assistance and facilitated numerous meetings and activities for nearly 400 members. With a dedicated team of two employees, the Demolay Foundation of Massachusetts has a significant impact on the personal development of young men in the state.
Official website here: www.mademolay.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
The Demolay Foundation Of Massachusetts has achieved an impressive 97% score, reflecting its strong commitment to accountability and financial health. This rating is derived entirely from a single beacon score, which highlights the organization's focus on maintaining high standards in its financial practices and governance. Notably, the foundation has a 100% independent board, which is crucial for ensuring objectivity and integrity in its operations.
The foundation exhibits strong financial management, with a program expense ratio of 82.49%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, it has a perfect score in areas such as the absence of material diversion of assets and a solid liabilities to assets ratio of 0.00%, further showcasing its financial stability and responsible stewardship of resources.
While the foundation demonstrates excellent governance through its policies on conflicts of interest and whistleblower protections, the overall score primarily reflects financial metrics. Future evaluations may benefit from additional insights into program impact and effectiveness to provide a more rounded view of the organization's success in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Demolay Foundation Of Massachusetts legitimate?
Demolay Foundation Of Massachusetts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Demolay Foundation Of Massachusetts 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:
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Other Salaries and Wages: $48,089
For more financial information, click here
Official website here: www.mademolay.org
What is the mission statement of Demolay Foundation Of Massachusetts?
The Demolay Foundation of Massachusetts is organized for charitable, religious, and educational purposes, with a primary focus on assisting the development of young men aged 12-21. This is achieved through various activities, including physical education, sportsmanship, fraternal fellowship, citizenship, public speaking, and the arts. The foundation aims to instill a respect for parents, country, schools, and fellow men. Its mission is to foster a positive philosophy of life that will sustain these young men in the future, promoting their overall physical, mental, and spiritual growth.
Official website here: www.mademolay.org
Who is the CEO of Demolay Foundation Of Massachusetts?
Philip Drouin is the Principal Officer of Demolay Foundation Of Massachusetts.
Official website here: www.mademolay.org
What is the revenue of Demolay Foundation Of Massachusetts?
Demolay Foundation Of Massachusetts's revenue in 2022 was $77,903.
Official website here: www.mademolay.org
Who are the executives of Demolay Foundation Of Massachusetts and what are their salaries?
The average compensation at Demolay Foundation Of Massachusetts during 2022 was $24,044. There are 2 employees and 70 volunteers at Demolay Foundation Of Massachusetts.
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Official website here: www.mademolay.org
Where can I find the form 990 for Demolay Foundation Of Massachusetts?
Demolay Foundation Of Massachusetts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mademolay.org
Learn more at the official website: www.mademolay.org
Mission Statement of Demolay Foundation Of Massachusetts
The Demolay Foundation of Massachusetts is an organization dedicated to charitable, religious, and educational purposes. Its primary mission is to support the growth and development of young men between the ages of 12 and 21. This is achieved through various means, including physical education, sportsmanship, fraternal fellowship, citizenship education, public speaking, and arts training. The foundation's goal is to instill a deep-seated respect for parents, country, schools, and fellow men in these young individuals. By doing so, the Demolay Foundation aims to cultivate a positive philosophy of life that will sustain them in the future. The organization facilitates this development by providing scholarship assistance, coordinating meetings and activities, and offering materials and instructions for these events. The Demolay Foundation of Massachusetts serves as a guiding force in the lives of its members, fostering their physical, mental, and spiritual growth.
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Impact
August, 2024
Demolay Foundation Of Massachusetts positively impacts nearly 400 young men aged 12-21 by providing scholarship assistance and organizing various educational activities and meetings. The organization's Conclave event serves as an annual educational platform, fostering program planning, civic service, athletics, legislative initiative, and more. Through its mission to guide young men in physical, mental, and spiritual development, the foundation instills values of sportsmanship, citizenship, public speaking, and respect for others. This comprehensive approach aims to cultivate a positive philosophy of life that will benefit these young men in the future.
This information is meant to be a general summary of Demolay Foundation Of Massachusetts. 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: -$84,071
- Program Service Revenue: $22,618
- Gross Receipts: $671,146
Assets and Liabilities:
- Total Assets: $1,442,988
- Total Liabilities: $0
- Net Assets: $1,442,988
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Fees
Revenue
$22,618
Organization Details
Founding Year
1966
Phone
(617) 426-6040Principal Officer
Philip Drouin
Main Address
186 Tremont St, Boston, MA, 021111014
Website
www.mademolay.orgNTEE Category
Code: B820 - Education
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