Overview
What is Masonic Charity Foundation Of New Mexico Inc?
The Masonic Charity Foundation of New Mexico Inc is a dedicated nonprofit organization that consistently extends its charitable efforts towards assisting individuals and community organizations in New Mexico. Their mission revolves around providing ongoing support in times of need, thereby embodying a deep commitment to their local communities. By actively engaging in outreach programs, they strive to uplift those in need and contribute to the overall well-being of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
The Masonic Charity Foundation of New Mexico Inc has received a solid Three-Star rating from Charity Navigator, indicating a good level of financial accountability and transparency. The overall score is calculated based solely on one beacon score, reflecting 100% on Accountability & Finance metrics. This suggests that the organization is performing well in its financial practices and governance.
The foundation shows a strong commitment to good governance with a fully independent board comprised of 10 members, achieving full points in both board independence and size. Additionally, there have been no reported material diversions of assets, and the organization has a robust conflict of interest policy in place, further enhancing its credibility.
Financially, the foundation exhibits strength with a low liabilities to assets ratio of 4.08%, indicating effective management of resources. Notably, it allocates 100% of its expenses to programs, showcasing a commitment to its mission. However, the ratings are derived from a singular focus on financial metrics, which may overlook other qualitative aspects of the organization’s impact and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Masonic Charity Foundation Of New Mexico Inc legitimate?
Masonic Charity Foundation Of New Mexico Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masonic Charity Foundation Of New Mexico 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: $8,090
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Masonic Charity Foundation Of New Mexico Inc?
The Masonic Charity Foundation of New Mexico, in its mission, consistently involves itself in charitable endeavors and community outreach, offering ongoing support to individuals and organizations that are in need. The foundation works diligently to enhance the lives of those in need, focusing on charitable activities as a core part of its operations. By actively engaging with these communities, the Masonic Charity Foundation of New Mexico aims to make a positive impact on people's lives and contribute to the betterment of society at large.
Who is the CEO of Masonic Charity Foundation Of New Mexico Inc?
Adam L Hathaway is the Chief Execut of Masonic Charity Foundation Of New Mexico Inc.
What is the revenue of Masonic Charity Foundation Of New Mexico Inc?
Masonic Charity Foundation Of New Mexico Inc's revenue in 2022 was $100,133.
Who are the executives of Masonic Charity Foundation Of New Mexico Inc and what are their salaries?
The average compensation at Masonic Charity Foundation Of New Mexico Inc during 2022 was $8,090. There is 1 employee and 20 volunteers at Masonic Charity Foundation Of New Mexico Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Masonic Charity Foundation Of New Mexico Inc?
Masonic Charity Foundation Of New Mexico Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Masonic Charity Foundation Of New Mexico Inc
The Masonic Charity Foundation of New Mexico, in its mission, actively engages in acts of charity and outreach, providing ongoing support to individuals and community organizations in need. This nonprofit organization is dedicated to making a positive impact on the community by continually extending a helping hand to those in need. The foundation's efforts are geared towards uplifting and empowering individuals and organizations, ensuring that they have the necessary resources to overcome challenges and thrive.
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Impact
October, 2024
The Masonic Charity Foundation of New Mexico Inc significantly impacts local communities through active engagement in charitable activities and outreach programs. By providing support to individuals and community organizations in need, the Foundation fosters a spirit of mutual benefit and communal growth. Its efforts address various social needs, ensuring that assistance reaches those who require it most. Situated in Albuquerque, the Foundation’s commitment extends beyond temporary aid, focusing on long-term support and sustainable solutions for community challenges. This engagement creates a network of care, reinforcing community ties and enhancing the quality of life for many New Mexicans.
This information is meant to be a general summary of Masonic Charity Foundation Of New Mexico 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: $63,640
- Gross Receipts: $100,133
Assets and Liabilities:
- Total Assets: $3,539,885
- Total Liabilities: $160,552
- Net Assets: $3,379,333
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Organization Details
Founding Year
1976
Phone
(505) 243-4931Principal Officer
Adam L Hathaway
Main Address
P O BOX 25004, ALBUQUERQUE, NM, 871250004
NTEE Category
Code: Y40Z - Mutual benefit
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