Overview
What is Masonic Home Educational Foundation Inc?
The Masonic Home Educational Foundation Inc, established in Alexandria, Louisiana, is a nonprofit organization devoted to assisting financially needy students. Their primary mission is to alleviate the substantial expenses associated with higher education by granting scholarships. The Foundation's efforts aim to make higher education more accessible for deserving students, thereby enhancing their opportunities for personal and professional growth.
Official website here: www.la-mason.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Masonic Home Educational Foundation Inc has earned a high rating of 97%, reflecting excellent accountability and finance practices. This rating is derived entirely from their impressive performance in the Accountability & Finance beacon, showcasing their commitment to transparency and responsible financial management.
Strengths of the organization include a fully independent board comprised of seven members, with no reported material diversion of assets. They have well-documented policies on conflict of interest, whistleblower protection, and record retention, further underscoring their commitment to governance and ethical standards. Additionally, their program expense ratio stands at an impressive 100%, indicating that all resources are directed towards their mission-driven activities.
No significant limitations were noted in the available data, indicating that the organization maintains strong operational practices and remains focused on its objectives. Overall, the Masonic Home Educational Foundation Inc exemplifies a well-managed nonprofit dedicated to its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Masonic Home Educational Foundation Inc legitimate?
Masonic Home Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masonic Home Educational 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,000
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Official website here: www.la-mason.com
What is the mission statement of Masonic Home Educational Foundation Inc?
The Masonic Home Educational Foundation Inc. is committed to its primary mission of offering scholarships to financially struggling students. This initiative aims to alleviate the significant expenses associated with higher education. By providing these scholarships, the foundation seeks to make higher education more accessible for those who need it most. The foundation's activities revolve around this mission, promoting educational opportunities for deserving students.
Official website here: www.la-mason.com
Who is the CEO of Masonic Home Educational Foundation Inc?
S Bruce Easterly is the Chairman of Masonic Home Educational Foundation Inc.
Official website here: www.la-mason.com
What is the revenue of Masonic Home Educational Foundation Inc?
Masonic Home Educational Foundation Inc's revenue in 2022 was $61,667.
Official website here: www.la-mason.com
Who are the executives of Masonic Home Educational Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.la-mason.com
Where can I find the form 990 for Masonic Home Educational Foundation Inc?
Masonic Home Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.la-mason.com
Learn more at the official website: www.la-mason.com
Mission Statement of Masonic Home Educational Foundation Inc
Masonic Home Educational Foundation, Inc., is dedicated to providing financial aid in the form of scholarships to students who are in need. This nonprofit organization understands the exorbitant expenses associated with higher education and seeks to alleviate some of this burden for deserving individuals. By offering scholarships, the Masonic Home Educational Foundation, Inc., aims to make higher education more accessible to those who might otherwise be unable to afford it. This mission is a significant contribution to the educational community, as it opens up opportunities for students who may have been limited by financial constraints. The foundation's work is a testament to its commitment to supporting the educational aspirations of needy students, thus contributing to the development and advancement of society.
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Impact
August, 2024
Masonic Home Educational Foundation Inc's impact is significant as it provides scholarships to needy students to defray the high costs of higher education. This support directly empowers individuals to pursue their academic goals and achieve their full potential, regardless of financial limitations. By alleviating the burden of educational expenses, the foundation plays a crucial role in expanding access to higher education and enabling deserving students to succeed in their chosen fields.
This information is meant to be a general summary of Masonic Home Educational 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: $44,760
- Gross Receipts: $61,667
Assets and Liabilities:
- Total Assets: $3,749,967
- Total Liabilities: $0
- Net Assets: $3,749,967
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Organization Details
Founding Year
1958
Phone
(318) 443-5610Principal Officer
S Bruce Easterly
Main Address
5746 MASONIC DRIVE, ALEXANDRIA, LA, 71301
Website
www.la-mason.comNTEE Category
Code: B42I - Education
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