Overview
What is Masonic Foundation Of Utah?
The Masonic Foundation of Utah, located in Salt Lake City, Utah, is a small but impactful nonprofit organization. Its primary mission is to offer scholarship funds to eligible individuals, enabling them to pursue higher education within the Utah area. Furthermore, the foundation extends its support by granting funds to charitable organizations that focus on public welfare and medical research. In 2022, the foundation awarded grants to 67 such organizations, demonstrating its commitment to community betterment. With a modest workforce of one employee, the Masonic Foundation of Utah significantly contributes to the education and wellbeing of its community.
Official website here: www.utahgrandlodge.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Masonic Foundation of Utah has received a Three-Star rating from Charity Navigator, reflecting an overall score that emphasizes its strong accountability and finance practices. The foundation achieved full points in several key areas, including having a fully independent board and no material diversion of assets, which indicates a solid governance structure and financial integrity.
However, the organization faces challenges due to the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These missing elements suggest room for improvement in terms of transparency and internal controls, which are critical for fostering trust among donors and stakeholders.
Despite these limitations, the foundation demonstrates a commendable program expense ratio of over 91%, highlighting its commitment to directing funds toward its mission rather than administrative costs. Overall, while the Masonic Foundation of Utah shows strengths in financial accountability, addressing its governance policies could enhance its overall effectiveness and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Masonic Foundation Of Utah legitimate?
Masonic Foundation Of Utah is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masonic Foundation Of Utah 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: $14,337
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.utahgrandlodge.org
What is the mission statement of Masonic Foundation Of Utah?
The Masonic Foundation of Utah's mission is centered around providing scholarship funds for eligible individuals, enabling them to attend colleges primarily in Utah. In addition to this, the organization extends its support to charitable organizations that focus on public welfare and medical research, further contributing to the community. During 2022, the foundation awarded grants to 67 such charitable organizations.
Official website here: www.utahgrandlodge.org
Who is the CEO of Masonic Foundation Of Utah?
G Keith Odendahl is the Chairman of Masonic Foundation Of Utah.
Official website here: www.utahgrandlodge.org
What is the revenue of Masonic Foundation Of Utah?
Masonic Foundation Of Utah's revenue in 2022 was $130,268.
Official website here: www.utahgrandlodge.org
Who are the executives of Masonic Foundation Of Utah and what are their salaries?
The average compensation at Masonic Foundation Of Utah during 2022 was $14,337. There is 1 employee at Masonic Foundation Of Utah.
Here are 6 key members and their salaries:
- Compensation: $14,337
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.utahgrandlodge.org
Where can I find the form 990 for Masonic Foundation Of Utah?
Masonic Foundation Of Utah's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.utahgrandlodge.org
Learn more at the official website: www.utahgrandlodge.org
Mission Statement of Masonic Foundation Of Utah
The Masonic Foundation of Utah, in its mission, aims to provide scholarship funds for qualifying individuals, enabling them to pursue higher education within the Utah area. Beyond scholarships, this organization extends its generosity by making grants to charitable organizations that contribute to public welfare and medical research. The foundation's activities are not limited to education but also extend to supporting various charitable organizations, as demonstrated by its granting of funds to 67 such organizations in 2022.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Masonic Foundation of Utah significantly impacts the community by providing scholarship funds to individuals aspiring to attend college in the region. By offering financial support, the foundation helps eliminate barriers to higher education, enabling students to pursue their academic goals and enhance their future prospects.
In addition to scholarships, the foundation awards grants to charitable organizations dedicated to public welfare and medical research. In 2022 alone, it supported 67 such organizations, contributing to various initiatives that benefit the community at large. This dual focus on education and charitable giving fosters a culture of support and empowerment, positively influencing the lives of many residents in Utah. Through these efforts, the Masonic Foundation helps build a brighter future for individuals and strengthens the fabric of the community.
This information is meant to be a general summary of Masonic Foundation Of Utah. 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: $121,650
- Gross Receipts: $2,092,938
Assets and Liabilities:
- Total Assets: $5,561,328
- Total Liabilities: $0
- Net Assets: $5,561,328
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Phone
(801) 363-2936Principal Officer
G Keith Odendahl
Main Address
650 E SOUTH TEMPLE, SALT LAKE CITY, UT, 841021141
Website
www.utahgrandlodge.orgNTEE Category
Code: B00 - Education
If you are a representative of Masonic Foundation Of Utah and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.