Overview
What is Masonic Widow's & Orphans Tennessee Fund?
The Masonic Widow's & Orphans Tennessee Fund is a nonprofit organization located in Nashville, Tennessee. With a small team of just two employees, their primary mission is to extend aid to about 140 women who have lost their husbands, as well as orphans of Freemasons, who find themselves in financial distress. This assistance can be both regular and special, designed to uplift the lives of these individuals. The organization's core objective is to support the well-being of needy Masons and their families within the Freemasons community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating
The Masonic Widow's & Orphans Tennessee Fund has received an 82% rating from Charity Navigator, earning a Three-Star designation. This rating indicates a strong commitment to accountability and financial health, as it is based entirely on their performance in these areas. The charity's score reflects their effective management of resources and dedication to transparency.
Strengths of the organization include a high percentage of independent board members, with 85% independence, and a solid program expense ratio of 84.25%, suggesting that the majority of funds are directed towards their programs rather than administrative costs. Additionally, they have demonstrated rigorous financial oversight with no material diversion of assets and complete documentation of board meeting minutes.
While the organization shows strong financial practices and governance, the overall score is limited to a single beacon score, indicating that other areas of performance may not have been assessed. Nonetheless, their focus on accountability and finance is commendable, positioning them as a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Masonic Widow's & Orphans Tennessee Fund legitimate?
Masonic Widow's & Orphans Tennessee Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masonic Widow's & Orphans Tennessee 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: $27,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,250
For more financial information, click here
What is the mission statement of Masonic Widow's & Orphans Tennessee Fund?
The Masonic Widow's & Orphans Tennessee Fund is dedicated to providing regular and special assistance to financially struggling widows, wives, and orphans of Free and Accepted Masons. Their mission is to offer aid and support during times of need, ensuring that these individuals do not face hardships alone. The organization currently assists approximately 140 individuals in this capacity. By providing this assistance, the fund aims to uphold its commitment to the Masonic community and offer a safety net for those in need.
Who is the CEO of Masonic Widow's & Orphans Tennessee Fund?
Jason Gerock is the Chairman of Masonic Widow's & Orphans Tennessee Fund.
What is the revenue of Masonic Widow's & Orphans Tennessee Fund?
Masonic Widow's & Orphans Tennessee Fund's revenue in 2022 was $744,114.
Who are the executives of Masonic Widow's & Orphans Tennessee Fund and what are their salaries?
The average compensation at Masonic Widow's & Orphans Tennessee Fund during 2022 was $18,000. There are 2 employees at Masonic Widow's & Orphans Tennessee Fund.
Here are 7 key members and their salaries:
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- Compensation: $27,750
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Where can I find the form 990 for Masonic Widow's & Orphans Tennessee Fund?
Masonic Widow's & Orphans Tennessee Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Masonic Widow's & Orphans Tennessee Fund
The Masonic Widow's & Orphans Tennessee Fund is a organization that dedicates its efforts to providing aid to those in need. Specifically, this nonprofit focuses on offering regular and special assistance to the wives, widows, and orphans of Freemasons. The mission of this organization is to extend a helping hand to approximately 140 individuals who find themselves in difficult circumstances, having lost their Masonic family members. By offering this support, the Masonic Widow's & Orphans Tennessee Fund seeks to alleviate the hardships faced by these individuals, providing them with the assistance they require.
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Impact
July, 2024
The Masonic Widow's & Orphans Tennessee Fund has a direct impact on approximately 140 wives, widows, or orphans of Masons who are in need. By providing regular and special assistance, this organization plays a crucial role in supporting those who are part of the Free and Accepted Masons community in Tennessee. Their mission of providing aid to those in need demonstrates a commitment to the mutual benefit and welfare of Masons and their families, ensuring that they receive the assistance they require during times of hardship or difficulty. This impact directly contributes to the well-being and support of individuals within the Masonic community, highlighting the importance of their work in providing assistance to those in need.
This information is meant to be a general summary of Masonic Widow's & Orphans Tennessee 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: $309,355
- Gross Receipts: $744,114
Assets and Liabilities:
- Total Assets: $14,098,896
- Total Liabilities: $6,600
- Net Assets: $14,092,296
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Organization Details
Founding Year
1886
Phone
(615) 254-2300Principal Officer
Jason Gerock
Main Address
100 7TH AVENUE NORTH, NASHVILLE, TN, 372022416
NTEE Category
Code: Y40 - Mutual benefit
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