Overview
What is The Masonic Charitable Foundation Of The Grand Lodge Of Maine?
The Masonic Charitable Foundation of the Grand Lodge of Maine is a nonprofit organization dedicated to charitable, educational, and specific purposes, adhering to Masonic principles and practices. They have a strong focus on youth activities, with their Bikes for Books program being the largest under this category. This initiative involves collaborating with schools, libraries, and community businesses to raise funds, with the shared goal of providing free bicycles and helmets to deserving children who have earned rewards for their efforts. Last year, roughly 1,660+ bikes were distributed, marking a slight increase from the previous year as schools are fully operational again. In addition, scholarships were awarded to approximately 35 students. The foundation also extends its support to organizations such as Special Olympics, Rainbow Girls and Demolay of Maine, Dyslexia Centers of Bangor & Portland, and projects like Project Graduation. Their mission is deeply rooted in the Masonic principles and practices, aiming to benefit the communities they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Masonic Charitable Foundation of the Grand Lodge of Maine has received a commendable Four-Star rating from Charity Navigator, indicating high performance in accountability and finance. The overall score is calculated solely from the Accountability & Finance beacon, where the foundation excels with a score of 94%. This rating highlights the organization's commitment to transparency and responsible financial management.
One of the notable strengths of the foundation is its governance, as it boasts a fully independent board comprised of ten members, which adds to its credibility. Additionally, the organization has demonstrated a robust conflict of interest policy and maintains comprehensive documentation practices, including board meeting minutes. These factors contribute to its strong accountability framework.
Financially, the foundation shows a solid program expense ratio of 74.62%, meaning a significant portion of its expenditures is allocated towards its programs rather than administrative costs. The liabilities to assets ratio of 5.44% further indicates that the foundation is in a stable financial position, with minimal debt. Overall, the organization is well-regarded for its operational integrity and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Masonic Charitable Foundation Of The Grand Lodge Of Maine legitimate?
The Masonic Charitable Foundation Of The Grand Lodge Of Maine is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Masonic Charitable Foundation Of The Grand Lodge Of Maine 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: $130,145
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,150
For more financial information, click here
What is the mission statement of The Masonic Charitable Foundation Of The Grand Lodge Of Maine?
The Masonic Charitable Foundation of Maine was established with a charitable, educational, and specific purpose mission, aligning with Masonic principles and practices. The foundation's activities primarily focus on supporting local schools through their Bikes for Books program. This initiative enables local lodges to collaborate with schools, libraries, and community businesses, with a shared goal of providing free bikes and helmets to children who have achieved academic milestones. Last year, approximately 1,660 bikes were distributed, marking a slight increase from the previous year. Additionally, scholarships were awarded to around 35 students. The foundation also extends support to organizations such as Special Olympics, Rainbow Girls, Demolay of Maine, Dyslexia Centers in Bangor and Portland, and Project Graduation.
Who is the CEO of The Masonic Charitable Foundation Of The Grand Lodge Of Maine?
James Witham is the President of The Masonic Charitable Foundation Of The Grand Lodge Of Maine.
What is the revenue of The Masonic Charitable Foundation Of The Grand Lodge Of Maine?
The Masonic Charitable Foundation Of The Grand Lodge Of Maine's revenue in 2023 was $464,622.
Who are the executives of The Masonic Charitable Foundation Of The Grand Lodge Of Maine and what are their salaries?
The average compensation at The Masonic Charitable Foundation Of The Grand Lodge Of Maine during 2023 was $164,295. There is 1 employee and 10 volunteers at The Masonic Charitable Foundation Of The Grand Lodge Of Maine.
Here are 13 key members and their salaries:
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- Compensation: $16,667
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- Compensation: $95,509
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Where can I find the form 990 for The Masonic Charitable Foundation Of The Grand Lodge Of Maine?
The Masonic Charitable Foundation Of The Grand Lodge Of Maine's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Masonic Charitable Foundation Of The Grand Lodge Of Maine
The Masonic Charitable Foundation of the Grand Lodge of Maine was established with charitable, educational, and specific purpose objectives, aligning with Masonic principles and practices. This foundation's mission is to make a positive impact in various communities by supporting local schools, engaging with schools, libraries, and community businesses, and working together to provide free bikes and helmets to deserving children as a reward for their efforts. This initiative, known as the Bikes for Books program, has seen over 1,660 bikes given away in the past year, with the community actively participating in fundraising activities.
Beyond the Bikes for Books program, The Masonic Charitable Foundation of the Grand Lodge of Maine also awards scholarships to approximately 35 students annually. Furthermore, the foundation provides grants to various organizations, such as Special Olympics, Rainbow Girls, and Demolay of Maine, as well as dyslexia centers in Bangor and Portland. The foundation also supports projects like Project Graduation, which aims to provide opportunities for students to continue their education beyond high school. By investing in these initiatives, The Masonic Charitable Foundation of the Grand Lodge of Maine demonstrates its commitment to supporting and uplifting young people in its communities.
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Impact
July, 2024
The Masonic Charitable Foundation Of The Grand Lodge Of Maine has a significant impact in its community and beyond through its various charitable and educational initiatives. One of its key programs, the Bikes for Books program, aims to support local schools by incentivizing reading initiatives and rewarding children with free bikes and helmets. In the past year alone, over 1,660 bikes were given away through this program, benefiting deserving children and engaging the community in fundraising efforts.
Additionally, the Foundation provides scholarships to approximately 35 students, supports youth organizations like Special Olympics, Rainbow Girls, and DeMolay of Maine, and contributes to dyslexia centers in Bangor and Portland. These activities not only promote education and youth development but also demonstrate the Foundation's commitment to philanthropy and community involvement in alignment with Masonic principles and practices.
This information is meant to be a general summary of The Masonic Charitable Foundation Of The Grand Lodge Of Maine. 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: $251,640
- Gross Receipts: $10,277,321
Assets and Liabilities:
- Total Assets: $31,166,720
- Total Liabilities: $1,696,742
- Net Assets: $29,469,978
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Organization Details
Founding Year
1991
Phone
(207) 843-1086Principal Officer
James Witham
Main Address
PO BOX 430, HOLDEN, ME, 044290430
NTEE Category
Code: T70 - Philanthropy
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