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Indiana Masonic Home Foundation Inc

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

EIN: 351091997 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

Overview

What is Indiana Masonic Home Foundation Inc?

Indiana Masonic Home Foundation Inc is a nonprofit organization located in Indianapolis, Indiana. The primary mission of this foundation is to support the Indiana Masonic Home, providing fraternal aid and care for individuals within the Masonic community who require assistance due to their inability to care for themselves. The foundation fulfills this purpose by managing undesignated endowment funds donated for the benefit of the home, ensuring prudent investment practices to maximize returns. The organization employs a team of five dedicated individuals to accomplish this mission.


Official website here: www.imhf.org

Is Indiana Masonic Home Foundation Inc legitimate?

Indiana Masonic Home Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Masonic Home 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.

Here are some key statistics you may want to consider:

Executive Compensation: $98,404
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,074

For more financial information, click here


Official website here: www.imhf.org

What is the mission statement of Indiana Masonic Home Foundation Inc?

The Indiana Masonic Home Foundation Inc's mission is to support the Indiana Masonic Home. They achieve this by holding undesignated endowment funds given for the benefit of the home and managing these funds to yield maximum returns, adhering to prudent investment practices. The foundation annually distributes a portion of these returns to the Indiana Masonic Home, providing financial support for those in the Masonic family who require assistance due to their inability to care for themselves. This support is instrumental in upholding the fraternal benefits of the Masonic community.


Official website here: www.imhf.org

Who is the CEO of Indiana Masonic Home Foundation Inc?

Jeffrey P Zaring is the Board Member of Indiana Masonic Home Foundation Inc.


Official website here: www.imhf.org

What is the revenue of Indiana Masonic Home Foundation Inc?

Indiana Masonic Home Foundation Inc's revenue in 2022 was $2,037,091.


Official website here: www.imhf.org

Who are the executives of Indiana Masonic Home Foundation Inc and what are their salaries?

The average compensation at Indiana Masonic Home Foundation Inc during 2022 was $62,696. There are 5 employees and 11 volunteers at Indiana Masonic Home Foundation Inc.

Here are 13 key members and their salaries:

    Richard J Elman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $108,771
  • Other: $0

    • Eric J Vermeulen (Executive Director)
  • Compensation: $94,019
  • Related: $0
  • Other: $4,383

    • Gregory N Jordan (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alex L Rogers (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary E Brinley (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert D Heuchan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffery P Zaring (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles F Marlowe (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James L Chesney (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joel R Harbaugh (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donna M Clutter (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel J Riley (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronald Buskirk (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.imhf.org

    Where can I find the form 990 for Indiana Masonic Home Foundation Inc?

    The Indiana Masonic Home Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.imhf.org

    Learn more at the official website: www.imhf.org

    Mission Statement of Indiana Masonic Home Foundation Inc

    Indiana Masonic Home Foundation Inc is dedicated to supporting the Indiana Masonic Home. Their mission is to hold in trust undesignated endowment funds given for the benefit of the home and manage these funds to achieve maximum returns, consistent with prudent investment practices. The primary aim of this organization is to distribute an annual amount to the Indiana Masonic Home. This annual distribution serves the fraternal benefit and provides support to individuals within the Masonic family who find themselves unable to care for themselves. In essence, Indiana Masonic Home Foundation Inc plays a crucial role in ensuring the financial stability and well-being of the Indiana Masonic Home and its residents.

    Impact

    This information is meant to be a general summary of Indiana Masonic Home Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Indiana Masonic Home Foundation Inc's impact is centered around providing critical support and care for individuals within the Masonic family who are unable to provide for themselves. By annually distributing funds to the Indiana Masonic Home, the foundation ensures that these individuals receive the necessary care and support they need. Through their mission of holding in trust endowment funds for the benefit of the home and managing these funds prudently, the foundation maximizes their impact in serving the Masonic community. Their focus on human services underscores their commitment to improving the lives of those in need within the Masonic family.





    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 2022.

  • Investment Income: $1,199,738
  • Program Service Revenue: $0
  • Gross Receipts: $42,658,789

    • Assets and Liabilities:
  • Total Assets: $81,878,945
  • Total Liabilities: $771,161
  • Net Assets: $81,107,784
  • Organization Details

    Founding Year

    1935

    Principal Officer

    Jeffrey P Zaring

    Main Address

    525 N ILLINOIS ST PO BOX 44210, INDIANAPOLIS, IN, 462440210

    NTEE Category

    Code: P110 - Human services

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