Overview
What is Masonic Charity Foundation Of Ct?
The Masonic Charity Foundation of CT is a nonprofit organization based in Wallingford, Connecticut. With a small team of four employees, its primary mission is to support and promote charitable giving towards Masonicare and its affiliates. The foundation manages investments, offers financial assistance, and ensures responsible stewardship of donations. Its main objective is to enhance the well-being of Masonicare's residents and patients, while also growing its Endowment Fund. By fostering relationships with the Masonic family and the wider community, the foundation aims to secure charitable gifts that align with donors' objectives.
Official website here: www.masonicare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Masonic Charity Foundation of Connecticut has received a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. The organization excels in having an independent board, strong oversight, and no reported material diversion of assets, reflecting a commitment to transparency and governance.
Strengths highlighted include a strong program expense ratio at 77.95%, showing that a significant portion of funds is directed towards its charitable activities. The organization also boasts an impressive working capital ratio of 69.38 years, suggesting a robust financial position that allows for sustainability and growth in its programs.
However, the foundation's fundraising efficiency ratio is noted to be low at $0.002, which may indicate that a higher proportion of funds is spent on fundraising efforts compared to other organizations. This could potentially limit the resources available for programs, which is a consideration for donors prioritizing cost-effective fundraising strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Masonic Charity Foundation Of Ct legitimate?
Masonic Charity Foundation Of Ct is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masonic Charity Foundation Of Ct 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: $272,171
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,270
For more financial information, click here
Official website here: www.masonicare.org
What is the mission statement of Masonic Charity Foundation Of Ct?
The Masonic Charity Foundation of CT aims to collect charitable contributions from the Masonic community and beyond, primarily to support Masonicare and its affiliates. Their mission is to utilize these donations effectively, focusing on meeting the donors' objectives. The Foundation also strives to expand its Endowment Fund and is recognized as a financially successful and responsible philanthropic organization, contributing to the well-being of the residents and patients served by Masonicare and its affiliates. They offer a range of gift giving opportunities to achieve this mission.
Official website here: www.masonicare.org
Who is the CEO of Masonic Charity Foundation Of Ct?
Jon-Paul Venoit is the CEO of Masonic Charity Foundation Of Ct The CEO's salary of Masonic Charity Foundation Of Ct is $0 and their total compensation is $769,379.
Official website here: www.masonicare.org
What is the revenue of Masonic Charity Foundation Of Ct?
Masonic Charity Foundation Of Ct's revenue in 2023 was $8,704,108.
Official website here: www.masonicare.org
Who are the executives of Masonic Charity Foundation Of Ct and what are their salaries?
The average compensation at Masonic Charity Foundation Of Ct during 2023 was $119,480. There are 3 employees and 90 volunteers at Masonic Charity Foundation Of Ct.
Here are 18 key members and their salaries (Masonic Charity Foundation Of Ct's CEO's salary is $0 and their total compensation is $769,379):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $240,678
- Related: $0
- Other: $27,417
- Compensation: $0
- Related: $717,186
- Other: $52,193
- Compensation: $0
- Related: $275,148
- Other: $47,278
Official website here: www.masonicare.org
Where can I find the form 990 for Masonic Charity Foundation Of Ct?
Masonic Charity Foundation Of Ct's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.masonicare.org
Learn more at the official website: www.masonicare.org
Mission Statement of Masonic Charity Foundation Of Ct
The Masonic Charity Foundation of CT is committed to promoting, soliciting, and securing charitable contributions to support the residents and patients of Masonicare and its affiliated organizations. Their primary objective is to meet the gift-giving preferences of donors while simultaneously expanding their Endowment Fund. This philanthropic organization is dedicated to being financially successful and responsible, ensuring that the resources they receive are efficiently utilized to benefit those served by Masonicare and its affiliates. The Masonic Charity Foundation of CT offers a variety of charitable giving opportunities, aiming to be recognized as a trusted and effective philanthropic entity in the field.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The impact of the Masonic Charity Foundation of CT is significant in promoting, securing, and stewarding charitable gifts to benefit the residents and patients of Masonicare and its affiliates. By managing investments, providing financial support, and offering planned giving opportunities, the Foundation plays a crucial role in ensuring the well-being of those served by Masonicare. Through these efforts, the Foundation is recognized as a financially successful and fiscally responsible philanthropic organization that positively impacts the health and welfare of the community.
This information is meant to be a general summary of Masonic Charity Foundation Of Ct. 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 2023.
- Investment Income: $3,567,198
- Gross Receipts: $74,930,070
Assets and Liabilities:
- Total Assets: $170,342,779
- Total Liabilities: $2,627,371
- Net Assets: $167,715,408
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
If you are a representative of Masonic Charity Foundation Of Ct and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.