Overview
What is Norwood Masonic Temple Foundation Inc?
Norwood Masonic Temple Foundation Inc, located at 2020 Hopkins Avenue, Norwood, Ohio 45212, is a nonprofit organization with a mission to support educational and charitable purposes. They provide accommodation to Masonic bodies, local charitable organizations, and the Carl H. Jr. Edyth Lindner Children's Dyslexic Learning Center. Additionally, they award annual academic scholarships to area youth and offer classroom/office space to the children's center. The foundation is currently focusing on facility maintenance, repair, and energy-related expenses. They also engage in an engineering study of the building's HVAC system. Their work includes preserving a historical building in Norwood, Ohio, while serving the community through various initiatives.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%
The Norwood Masonic Temple Foundation Inc has a Three-Star out of Four Star rating from Charity Navigator, indicating a solid performance in accountability and finance with an overall score of 80%. This score reflects the charity's commitment to responsible management and transparency in its financial practices, with a particular emphasis on its accountability metrics.
The foundation excels in several key areas, demonstrating a fully independent board with 100% of its members meeting independence criteria. It has a strong program expense ratio of 80.79%, showcasing that a significant portion of its budget directly supports its mission. Additionally, the organization has no material diversion of assets and maintains a favorable liabilities to assets ratio, underscoring its financial stability.
While the foundation shows strengths in governance and financial health, the single beacon score means it is essential to consider additional aspects of its effectiveness and impact. Future evaluations could benefit from deeper insights into program outcomes and community engagement to provide a more comprehensive view of the organization’s overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Norwood Masonic Temple Foundation Inc legitimate?
Norwood Masonic Temple Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norwood Masonic Temple Foundation Inc 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: $5,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.none
What is the mission statement of Norwood Masonic Temple Foundation Inc?
The Norwood Masonic Temple Foundation Inc's mission is centered around serving various organizations and events. It provides support to Masonic bodies, affiliated charitable organizations, and community organizations. The foundation also contributes to local charitable initiatives and awards academic scholarships to youth residing in the area. Additionally, the foundation offers classroom and office space to the Carl H. Jr. Edyth Lindner Children's Dyslexic Learning Center. Lastly, the foundation is committed to maintaining and preserving a historical building, with plans to implement facility repairs, supply purchases, and HVAC system improvements.
Official website here: www.none
What is the revenue of Norwood Masonic Temple Foundation Inc?
Norwood Masonic Temple Foundation Inc's revenue in 2024 was $96,462.
Official website here: www.none
Who are the executives of Norwood Masonic Temple Foundation Inc and what are their salaries?
The average compensation at Norwood Masonic Temple Foundation Inc during 2024 was $5,100. There is 1 employee and 100 volunteers at Norwood Masonic Temple Foundation Inc.
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Norwood Masonic Temple Foundation Inc
Norwood Masonic Temple Foundation, a nonprofit organization, is dedicated to serving various entities with educational and charitable purposes. Its mission encompasses providing accommodation to Masonic bodies, affiliated charitable organizations, and community organizations. Beyond this, the foundation plays a significant role in supporting local charitable organizations and events.
One of the Foundation's key initiatives is offering academic scholarships to area youth. This program aims to empower young individuals by providing them with the financial assistance they need to pursue their educational goals. In addition to this, the Foundation provides classroom and office space to the Carl H. Jr. Edyth Lindner Children's Dyslexic Learning Center. This center is committed to supporting children with dyslexia, offering them a nurturing environment to overcome their learning challenges.
Moreover, Norwood Masonic Temple Foundation is responsible for managing the facility equipment, supplies, repair, and maintenance expenses. They are also in the process of implementing engineering studies to optimize the building's HVAC system and energy expenses. This meticulous attention to the facility's upkeep ensures that it remains a functional and welcoming space for all its users. In summary, Norwood Masonic Temple Foundation's mission is multifaceted, encompassing support for educational institutions, charitable organizations, and the local community, while also preserving a historical building.
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Impact
October, 2024
Norwood Masonic Temple Foundation Inc actively contributes to community development through its focus on education and charitable initiatives. By providing accommodation for Masonic bodies and various local charitable organizations, the foundation fosters a collaborative environment that supports community engagement.
A significant aspect of its impact is the partnership with the Carl H. Jr. Edyth Lindner Children's Dyslexic Learning Center, which enhances educational opportunities for children with dyslexia. The foundation not only offers classroom and office space to the center but also supports the provision of supplies and necessary equipment, creating a conducive learning atmosphere for students in need.
In addition, the foundation awards annual scholarships to area youth, empowering them to pursue their educational goals and further their academic achievements. This commitment to education serves as a vital resource for local families and enhances the community's overall educational landscape.
The foundation's efforts to maintain and preserve a historical building in Norwood reflect its dedication to honoring the region's heritage while adapting to contemporary needs. With initiatives such as the engineering study of the building's HVAC system and energy enhancements, the foundation is ensuring the sustainability and functionality of its facilities for future generations.
Overall, Norwood Masonic Temple Foundation Inc embodies a multifaceted approach to community service, blending educational support, historical preservation, and collaborative efforts to uplift the local population.
This information is meant to be a general summary of Norwood Masonic Temple Foundation Inc. 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 2024.
- Investment Income: $43,443
- Gross Receipts: $96,462
Assets and Liabilities:
- Total Assets: $795,281
- Total Liabilities: $0
- Net Assets: $795,281
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Organization Details
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