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The Masonic Charitable Foundation Of The Grand Lodge Of Maine

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223211042 ✦ Holden, ME ✦ Designated as a 501(c)(3)

Overview

What is The Masonic Charitable Foundation Of The Grand Lodge Of Maine?

The Masonic Charitable Foundation of the Grand Lodge of Maine is a nonprofit organization dedicated to charitable, educational, and specific purposes, adhering to Masonic principles and practices. They have a strong focus on youth activities, with their Bikes for Books program being the largest under this category. This initiative involves collaborating with schools, libraries, and community businesses to raise funds, with the shared goal of providing free bicycles and helmets to deserving children who have earned rewards for their efforts. Last year, roughly 1,660+ bikes were distributed, marking a slight increase from the previous year as schools are fully operational again. In addition, scholarships were awarded to approximately 35 students. The foundation also extends its support to organizations such as Special Olympics, Rainbow Girls and Demolay of Maine, Dyslexia Centers of Bangor & Portland, and projects like Project Graduation. Their mission is deeply rooted in the Masonic principles and practices, aiming to benefit the communities they serve.


Is The Masonic Charitable Foundation Of The Grand Lodge Of Maine legitimate?

The Masonic Charitable Foundation Of The Grand Lodge Of Maine is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Masonic Charitable Foundation Of The Grand Lodge Of Maine 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.

Here are some key statistics you may want to consider:

Executive Compensation: $130,145
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,150

For more financial information, click here


What is the mission statement of The Masonic Charitable Foundation Of The Grand Lodge Of Maine?
Who is the CEO of The Masonic Charitable Foundation Of The Grand Lodge Of Maine?
What is the revenue of The Masonic Charitable Foundation Of The Grand Lodge Of Maine?
Who are the executives of The Masonic Charitable Foundation Of The Grand Lodge Of Maine and what are their salaries?
Where can I find the form 990 for The Masonic Charitable Foundation Of The Grand Lodge Of Maine?

Mission Statement of The Masonic Charitable Foundation Of The Grand Lodge Of Maine

The Masonic Charitable Foundation of the Grand Lodge of Maine was established with charitable, educational, and specific purpose objectives, aligning with Masonic principles and practices. This foundation's mission is to make a positive impact in various communities by supporting local schools, engaging with schools, libraries, and community businesses, and working together to provide free bikes and helmets to deserving children as a reward for their efforts. This initiative, known as the Bikes for Books program, has seen over 1,660 bikes given away in the past year, with the community actively participating in fundraising activities.

Beyond the Bikes for Books program, The Masonic Charitable Foundation of the Grand Lodge of Maine also awards scholarships to approximately 35 students annually. Furthermore, the foundation provides grants to various organizations, such as Special Olympics, Rainbow Girls, and Demolay of Maine, as well as dyslexia centers in Bangor and Portland. The foundation also supports projects like Project Graduation, which aims to provide opportunities for students to continue their education beyond high school. By investing in these initiatives, The Masonic Charitable Foundation of the Grand Lodge of Maine demonstrates its commitment to supporting and uplifting young people in its communities.

Impact

This information is meant to be a general summary of The Masonic Charitable Foundation Of The Grand Lodge Of Maine. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

The Masonic Charitable Foundation Of The Grand Lodge Of Maine has a significant impact in its community and beyond through its various charitable and educational initiatives. One of its key programs, the Bikes for Books program, aims to support local schools by incentivizing reading initiatives and rewarding children with free bikes and helmets. In the past year alone, over 1,660 bikes were given away through this program, benefiting deserving children and engaging the community in fundraising efforts.

Additionally, the Foundation provides scholarships to approximately 35 students, supports youth organizations like Special Olympics, Rainbow Girls, and DeMolay of Maine, and contributes to dyslexia centers in Bangor and Portland. These activities not only promote education and youth development but also demonstrate the Foundation's commitment to philanthropy and community involvement in alignment with Masonic principles and practices.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $251,640
  • Program Service Revenue: $0
  • Gross Receipts: $10,277,321

    • Assets and Liabilities:
  • Total Assets: $31,166,720
  • Total Liabilities: $1,696,742
  • Net Assets: $29,469,978
  • Organization Details

    Founding Year

    1991

    Principal Officer

    James Witham

    Main Address

    PO BOX 430, HOLDEN, ME, 044290430

    NTEE Category

    Code: T70 - Philanthropy

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