Overview
What is Indiana Masonic Home Foundation Inc?
Indiana Masonic Home Foundation Inc is a nonprofit organization located in Indianapolis, Indiana. The primary mission of this foundation is to support the Indiana Masonic Home, providing fraternal aid and care for individuals within the Masonic community who require assistance due to their inability to care for themselves. The foundation fulfills this purpose by managing undesignated endowment funds donated for the benefit of the home, ensuring prudent investment practices to maximize returns. The organization employs a team of five dedicated individuals to accomplish this mission.
Official website here: www.imhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Indiana Masonic Home Foundation Inc has achieved a Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. The charity's score is based solely on its outstanding performance in the Accountability & Finance beacon, indicating a high level of transparency and responsible governance practices.
The organization boasts a majority of independent board members, with 91% of the board being independent, which enhances its oversight capabilities. Additionally, it has a solid financial framework, exemplified by a low liabilities to assets ratio of 0.94% and a high program expense ratio of 83.84%, showcasing its focus on delivering impactful programs rather than excessive administrative costs.
While the fundraising efficiency ratio of $0.25 indicates that the organization spends a quarter of every dollar raised on fundraising efforts, this aspect may be a consideration for potential donors. Overall, the Indiana Masonic Home Foundation demonstrates a robust operational structure and a dedication to serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana Masonic Home Foundation Inc legitimate?
Indiana Masonic Home Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Masonic Home 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: $98,404
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,074
For more financial information, click here
Official website here: www.imhf.org
What is the mission statement of Indiana Masonic Home Foundation Inc?
The Indiana Masonic Home Foundation Inc's mission is to support the Indiana Masonic Home. They achieve this by holding undesignated endowment funds given for the benefit of the home and managing these funds to yield maximum returns, adhering to prudent investment practices. The foundation annually distributes a portion of these returns to the Indiana Masonic Home, providing financial support for those in the Masonic family who require assistance due to their inability to care for themselves. This support is instrumental in upholding the fraternal benefits of the Masonic community.
Official website here: www.imhf.org
Who is the CEO of Indiana Masonic Home Foundation Inc?
Jeffrey P Zaring is the Board Member of Indiana Masonic Home Foundation Inc.
Official website here: www.imhf.org
What is the revenue of Indiana Masonic Home Foundation Inc?
Indiana Masonic Home Foundation Inc's revenue in 2022 was $2,037,091.
Official website here: www.imhf.org
Who are the executives of Indiana Masonic Home Foundation Inc and what are their salaries?
The average compensation at Indiana Masonic Home Foundation Inc during 2022 was $62,696. There are 5 employees and 11 volunteers at Indiana Masonic Home Foundation Inc.
Here are 13 key members and their salaries:
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- Compensation: $94,019
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- Other: $4,383
Official website here: www.imhf.org
Where can I find the form 990 for Indiana Masonic Home Foundation Inc?
Indiana Masonic Home Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.imhf.org
Learn more at the official website: www.imhf.org
Mission Statement of Indiana Masonic Home Foundation Inc
Indiana Masonic Home Foundation Inc is dedicated to supporting the Indiana Masonic Home. Their mission is to hold in trust undesignated endowment funds given for the benefit of the home and manage these funds to achieve maximum returns, consistent with prudent investment practices. The primary aim of this organization is to distribute an annual amount to the Indiana Masonic Home. This annual distribution serves the fraternal benefit and provides support to individuals within the Masonic family who find themselves unable to care for themselves. In essence, Indiana Masonic Home Foundation Inc plays a crucial role in ensuring the financial stability and well-being of the Indiana Masonic Home and its residents.
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Impact
October, 2024
Indiana Masonic Home Foundation Inc significantly impacts the wellbeing of members within the Masonic community who are unable to care for themselves. By holding in trust undedicated endowment funds and managing these assets for optimal returns, the foundation ensures a reliable annual distribution to the Indiana Masonic Home. This support is essential for providing fraternal benefits and meeting the needs of those who have served in the Masonic family, enhancing their quality of life in times of vulnerability. Through prudent investment practices, the foundation not only sustains but also strengthens the resources available for the care of individuals, demonstrating a lasting commitment to human services and community welfare.
This information is meant to be a general summary of Indiana Masonic Home 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 2022.
- Investment Income: $1,199,738
- Gross Receipts: $42,658,789
Assets and Liabilities:
- Total Assets: $81,878,945
- Total Liabilities: $771,161
- Net Assets: $81,107,784
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Organization Details
Founding Year
1935
Phone
(317) 637-9582Principal Officer
Jeffrey P Zaring
Main Address
525 N ILLINOIS ST PO BOX 44210, INDIANAPOLIS, IN, 462440210
Website
www.imhf.orgNTEE Category
Code: P110 - Human services
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