Overview
What is Texas Masonic Charities Foundation?
The Texas Masonic Charities Foundation is a renowned 501(c) (3) nonprofit entity, closely associated with the Grand Lodge of Texas. Their primary role involves collaborating with local Masonic Lodges to disperse charitable funds. This organization's mission revolves around grant distribution, working tirelessly to support various causes and communities within Texas.
Official website here: www.txmcf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82%, Three-Star out of Four Star rating.
The Texas Masonic Charities Foundation has earned a solid Three-Star rating, reflecting a commendable score of 82% based entirely on its Accountability & Finance. This high score indicates strong financial management and transparency, which are crucial for donor confidence and operational integrity.
The organization showcases exemplary governance, with an entirely independent board of directors and comprehensive policies in place, including conflict of interest guidelines and documentation of board meeting minutes. Additionally, it has achieved top scores in various financial metrics, such as its liabilities to assets ratio and fundraising efficiency ratio, demonstrating effective resource allocation and management.
While the overall rating is positive, it is important for potential donors to consider that this score is based solely on Accountability & Finance, meaning there may be limited insight into the organization's programmatic impact or operational effectiveness beyond financial practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Texas Masonic Charities Foundation?
100% of the six reviewers on Facebook recommend the Texas Masonic Charities Foundation. Here is a summary of their reviews:
Reviewers highlight the foundation's significant generosity, noting its impactful contributions within the community. Many appreciate the dedication of the organization to providing support and assistance where it is needed most. This strong sense of commitment to charitable causes reflects a positive image of the foundation.
Overall, it seems that the Texas Masonic Charities Foundation effectively fulfills its mission, earning gratitude and favorable sentiments from those who have interacted with the organization.
This AI summary has been generated from reviews found on Facebook.
Is Texas Masonic Charities Foundation legitimate?
Texas Masonic Charities Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Masonic Charities Foundation 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: $72,000
For more financial information, click here
Official website here: www.txmcf.org
What is the mission statement of Texas Masonic Charities Foundation?
Texas Masonic Charities Foundation, as a 501(c) (3) non-profit corporation, serves as the primary charitable organization linked to the Grand Lodge of Texas. Its mission involves collaborating with local Masonic Lodges to facilitate the distribution of funds. Their primary objective is to support various charitable causes, utilizing the resources and network of the Masonic Lodges to make a positive impact in communities. The foundation's activities are focused on providing aid where it is needed most, leveraging the collective strength of the Masonic community to make a difference.
Official website here: www.txmcf.org
Who is the CEO of Texas Masonic Charities Foundation?
Richard Daniel is the Executive Director of Texas Masonic Charities Foundation.
Official website here: www.txmcf.org
What is the revenue of Texas Masonic Charities Foundation?
Texas Masonic Charities Foundation's revenue in 2022 was $3,462,733.
Official website here: www.txmcf.org
Who are the executives of Texas Masonic Charities Foundation and what are their salaries?
The average compensation at Texas Masonic Charities Foundation during 2022 was $72,000. There is 1 employee and 25 volunteers at Texas Masonic Charities Foundation.
Here are 11 key members and their salaries:
- Compensation: $72,000
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Official website here: www.txmcf.org
Where can I find the form 990 for Texas Masonic Charities Foundation?
Texas Masonic Charities Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.txmcf.org
Learn more at the official website: www.txmcf.org
Mission Statement of Texas Masonic Charities Foundation
The Texas Masonic Charities Foundation, as a 501(c) (3) non-profit entity affiliated with the Grand Lodge of Texas, serves as the primary charitable organization for the network of local Masonic Lodges. Its mission is to collaborate with these Lodges to facilitate the distribution of funds for various charitable causes. The Foundation does not specify the specific areas of focus for its charitable activities, suggesting a broad scope of philanthropic efforts.
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Impact
July, 2024
The Texas Masonic Charities Foundation's impact lies in its ability to provide crucial grants to support various charitable initiatives. By working closely with local Masonic Lodges, the foundation ensures that funds are distributed effectively to address pressing community needs. Through their philanthropic efforts, the foundation plays a significant role in improving the well-being of individuals and communities in Texas.
This information is meant to be a general summary of Texas Masonic Charities Foundation. 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: $135,194
- Gross Receipts: $3,463,070
Assets and Liabilities:
- Total Assets: $6,820,818
- Total Liabilities: $0
- Net Assets: $6,820,818
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Organization Details
Founding Year
2005
Phone
(817) 480-6044Principal Officer
Richard Daniel
Main Address
PO BOX 2156, WACO, TX, 76703
Website
www.txmcf.orgNTEE Category
Code: T30 - Philanthropy
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