Overview
What is Wisconsin Masonic Foundation?
The Wisconsin Masonic Foundation is a nonprofit organization, established with the objective of promoting charitable, benevolent, educational, and philanthropic causes. Their primary mission is to foster unity in managing and administrating properties intended for such purposes. The foundation is particularly renowned for providing scholarships to high school students in Wisconsin, aiming to support their higher education. Their activities align with their mission, focusing on encouraging acts of kindness, benevolence, and philanthropy, thereby making a positive impact in their community.
Official website here: www.wisc-freemasonry.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 76%, Three-Star out of Four Star rating
The Wisconsin Masonic Foundation received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. With a score of 76%, the organization demonstrates strong governance practices, including a fully independent board with no material diversion of assets. This indicates a commitment to integrity and responsible management of funds.
While the foundation has notable strengths, such as a high program expense ratio of 96.05%, indicating that the majority of its expenditures are directed toward its programs, some areas require improvement. Specifically, the lack of a conflict of interest policy, whistleblower policy, and document retention and destruction policy were highlighted as shortcomings. These missing elements may raise concerns about transparency and the organization's operational protocols.
Overall, the Wisconsin Masonic Foundation shows a commendable level of accountability, but it has opportunities to enhance its governance frameworks. Addressing these limitations could further bolster its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Wisconsin Masonic Foundation legitimate?
Wisconsin Masonic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisconsin Masonic 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: $53,572
For more financial information, click here
Official website here: www.wisc-freemasonry.org
What is the mission statement of Wisconsin Masonic Foundation?
The Wisconsin Masonic Foundation was established with the objective of promoting charitable, benevolent, educational, and philanthropic causes. Its mission is to ensure uniformity in the administration of properties given, devised, or bequeathed for such purposes. The foundation aims to foster a sense of benevolence and encourages the pursuit of education, furthering its philanthropic goals. One of its primary activities involves offering scholarships to high school students planning to attend college.
Official website here: www.wisc-freemasonry.org
What is the revenue of Wisconsin Masonic Foundation?
Wisconsin Masonic Foundation's revenue in 2024 was $1,714,687.
Official website here: www.wisc-freemasonry.org
Who are the executives of Wisconsin Masonic Foundation and what are their salaries?
There 10 volunteers at Wisconsin Masonic Foundation.
Here are 11 key members and their salaries:
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Official website here: www.wisc-freemasonry.org
Where can I find the form 990 for Wisconsin Masonic Foundation?
Wisconsin Masonic Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wisc-freemasonry.org
Learn more at the official website: www.wisc-freemasonry.org
Mission Statement of Wisconsin Masonic Foundation
The Wisconsin Masonic Foundation, established with a mission to foster charity, benevolence, education, and philanthropy, works towards achieving uniformity in the administration and control of resources dedicated to these noble purposes. These resources have been generously given, devised, or bequeathed for charitable, benevolent, educational, or philanthropic objectives. The foundation plays a crucial role in encouraging these virtues and ensuring that the funds are utilized effectively.
One of the key initiatives of the Wisconsin Masonic Foundation is providing scholarships to high school students who are planning to pursue higher education. This program extends its reach across Wisconsin, providing financial assistance to deserving students who may not have had the opportunity to pursue their academic dreams otherwise. By offering scholarships, the foundation is not only investing in the education of these individuals but also contributing to the development of a more educated and skilled workforce for the future.
In summary, the Wisconsin Masonic Foundation serves as a beacon of charitable activities, encouraging benevolence and promoting education and philanthropy. It strives to manage and control resources for these purposes in a uniform and effective manner. By providing scholarships to college-bound high school students, the foundation is making a significant impact in the lives of young individuals, empowering them to pursue their academic goals and contribute positively to society.
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Impact
July, 2024
The Wisconsin Masonic Foundation's impact is significant in encouraging charity, benevolence, education, and philanthropy throughout Wisconsin. By providing scholarships to college-bound high school students, the foundation plays a crucial role in empowering and supporting the educational pursuits of students in the state. Through its mission to secure greater uniformity of purposes and administer charitable resources effectively, the foundation contributes to the overall welfare and development of individuals and communities in Wisconsin.
This information is meant to be a general summary of Wisconsin Masonic 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 2024.
- Investment Income: $703,490
- Program Service Revenue: $1,088
- Gross Receipts: $1,714,687
Assets and Liabilities:
- Total Assets: $27,556,121
- Total Liabilities: $422,352
- Net Assets: $27,133,769
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAMS
Revenue
$750
SOCCER PROGRAM
Revenue
$338
Organization Details
Founding Year
1925
Principal Officer
Peter Tourville
Website
www.wisc-freemasonry.orgNTEE Category
Code: B00I - Education
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