Overview
What is Illinois Masonic Charities Fund?
The Illinois Masonic Charities Fund is a nonprofit organization committed to providing charitable assistance. It supports the Illinois Masonic Home and Illinois Masonic Children's Home, which are both established as not-for-profit corporations under the laws of Illinois. The Fund also extends its generosity to other deserving and needy individuals and organizations within the United States, aligning with the principles of Masonic charity and benevolence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39% (Zero-Star out of Four Stars)
The Illinois Masonic Charities Fund has received a low rating of 39% from Charity Navigator, indicating significant issues in accountability and financial management. The organization scored particularly poorly in areas such as independence of board members, with only 33% being independent, and a concerning program expense ratio of 45.43%, suggesting that a considerable portion of their funds may not be directed toward their programs.
Despite these shortcomings, the charity does have some strengths, including a well-established audit and oversight committee, as evidenced by a perfect score in that category. Additionally, they have appropriate policies for conflict of interest, whistleblower protections, and document retention, which reflect a commitment to governance principles. However, the absence of key financial documents on their website raises transparency concerns.
Overall, potential donors and stakeholders may want to carefully consider these factors before engaging with the Illinois Masonic Charities Fund. The lack of transparency and weak board independence may hinder the charity's credibility and effectiveness, warranting further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Masonic Charities Fund legitimate?
Illinois Masonic Charities Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Masonic Charities Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Illinois Masonic Charities Fund?
The Illinois Masonic Charities Fund is dedicated to granting charity to deserving organizations and individuals. specifically, it supports the Illinois Masonic Home and Illinois Masonic Children's Home, both established as not-for-profit corporations in Illinois. The fund extends its generosity beyond these two organizations, providing assistance to other worthy and indigent persons and groups in the United States that align with the principles of Masonic charity and benevolence. The mission of the Illinois Masonic Charities Fund is to make a positive impact on these organizations and individuals in need.
Who is the CEO of Illinois Masonic Charities Fund?
Franklin E Cline is the President of Illinois Masonic Charities Fund.
What is the revenue of Illinois Masonic Charities Fund?
Illinois Masonic Charities Fund's revenue in 2022 was $29,251,765.
Who are the executives of Illinois Masonic Charities Fund and what are their salaries?
There 300 volunteers at Illinois Masonic Charities Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $5,192
- Other: $0
- Compensation: $0
- Related: $47,500
- Other: $0
- Compensation: $0
- Related: $3,577
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Illinois Masonic Charities Fund?
Illinois Masonic Charities Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Illinois Masonic Charities Fund
Illinois Masonic Charities Fund is a philanthropic organization dedicated to providing and dispensing charity to several deserving entities. Among its primary beneficiaries are the Illinois Masonic Home and the Illinois Masonic Children's Home, both non-profit corporations established under the laws of the state of Illinois. The Fund extends its support beyond these two organizations, reaching out to other worthy and indigent persons and organizations that fall under the category of Masonic charity and benevolence. All of these entities share a common thread; they have been created within the United States of America.
In simple terms, Illinois Masonic Charities Fund functions as a conduit for distributing charitable resources. It focuses on enhancing the capabilities of the Illinois Masonic Home and Illinois Masonic Children's Home, ensuring they can continue their missions of providing care and support to those in need. Additionally, the Fund extends its reach to other eligible organizations and individuals, offering a helping hand to those who align with the principles of Masonic charity and benevolence. By doing so, Illinois Masonic Charities Fund plays a significant role in improving the lives of countless individuals and organizations, ultimately contributing to a more compassionate and caring society.
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Impact
October, 2024
The Illinois Masonic Charities Fund plays a crucial role in enhancing the lives of individuals and families in need, particularly through its support of the Illinois Masonic Home and the Illinois Masonic Children's Home. By providing financial assistance and resources, the Fund helps ensure that vulnerable populations—including seniors and children—receive essential care and services that promote their well-being and dignity.
The Fund's commitment to Masonic charity and benevolence extends beyond its direct beneficiaries, reaching other worthy and indigent individuals and organizations across the United States. This outreach fosters a sense of community and support for those facing hardships, helping to alleviate suffering and improve quality of life.
Through its charitable initiatives, the Illinois Masonic Charities Fund emphasizes the importance of education, recognizing that knowledge and skills development are vital for empowering individuals and fostering self-sufficiency. By investing in educational opportunities, the Fund helps break the cycle of poverty and encourages personal growth, thereby contributing to a brighter future for many.
Overall, the impact of the Illinois Masonic Charities Fund can be seen in the transformative changes it brings to individuals and communities, showcasing a deep dedication to compassion, support, and the advancement of human dignity in the face of adversity.
This information is meant to be a general summary of Illinois Masonic Charities Fund. 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: $28,384,213
- Gross Receipts: $115,342,705
Assets and Liabilities:
- Total Assets: $273,826,563
- Total Liabilities: $33,889
- Net Assets: $273,792,674
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Organization Details
Founding Year
1966
Phone
(217) 529-8900Principal Officer
Franklin E Cline
Main Address
2866 VIA VERDE, SPRINGFIELD, IL, 627034325
NTEE Category
Code: B820 - Education
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