Illinois Masonic Charities Fund
84% goes to programs $45 to raise $100 Strong reserves
Illinois Masonic Charities Fund is a 501(c)(3) organization based in Springfield, Illinois, registered in 1966, with $28,654,557 in FY2024 revenue. CharityIndex grades it C, and it directs about 84% of spending to programs.
3731 Wabash Ave, Springfield, IL, 62711 EIN 37-0911165 Since 1966
Revenue (FY2024)
$28.7M
▲ 32.8% vs prior year
Education median: $200K
Expenses (FY2024)
$13.8M
Net assets
$359.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →FProgram efficiency40% of the rating84% to programs · $45 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Illinois Masonic Charities Fund: 84% to programs · $45 to raise $100 earns a F on this criterion. See the exact thresholds →
B+Financial health25% of the rating312 mo reserves · +52% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Illinois Masonic Charities Fund: 312 mo reserves · +52% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Illinois Masonic Charities Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Illinois Masonic Charities Fund: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide and dispense charity to the illinois masonic home and the illinois masonic children's home, both being charitable organizations created and existing as not-for-profit corporations under the laws of the state of illinois, and to other worthy and indigent persons and organizations which are the proper objects of masonic charity and benevolence, which organizations are or have been created within the united states of america.
What they do
658 educational scholarships to students.
Contact & location
- Address
- 3731 Wabash Ave, Springfield, IL, 62711
- City
- Springfield
- State
- Illinois
- Category
- Education
- Subcategory
- Student Services & Aid
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $132.9M (FY2013) to $28.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9,700Net assets $359.3M
Operating margin
51.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$359.3M
Total liabilities
$9,700
Net assets
$359.3M
Salaries & benefits
$0
0% of expenses
Board members
8
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $28,654,557▲32.8% | $13,833,132▲268% | $359,251,312▲5.6% | $359,261,012▲5.6% | 990 |
| 2023 | $21,573,242▲11.2% | $3,754,789▲10.3% | $340,298,865▲12.7% | $340,336,227▲12.7% | 990 |
| 2022 | $19,402,552▼33.7% | $3,403,348▲12.6% | $301,994,654▲10.3% | $302,024,494▲10.3% | 990 |
| 2021 | $29,251,765▼16.2% | $3,023,742▲61.8% | $273,792,674▼12.9% | $273,826,563▼12.9% | 990 |
| 2020 | $34,913,611▲2515% | $1,868,319▲8.8% | $314,312,240▲40.1% | $314,503,051▲40.1% | 990 |
| 2019 | $1,334,947▼92.3% | $1,716,417▼57.4% | $224,374,676▲1.9% | $224,500,621▲2.0% | 990 |
| 2018 | $17,429,047▼2.9% | $4,026,088▲31.4% | $220,125,412▲3.7% | $220,200,631▲3.7% | 990 |
| 2017 | $17,953,615▲58.1% | $3,063,009▼78.5% | $212,287,283▲9.2% | $212,312,522▲9.2% | 990 |
| 2016 | $11,357,693▼30.0% | $14,216,404▲233% | $194,372,490▲7.9% | $194,400,905▲7.9% | 990 |
| 2015 | $16,227,794▼30.9% | $4,265,645▲21.8% | $180,129,570▼3.4% | $180,206,548▼3.4% | 990 |
| 2014 | $23,497,698▼82.3% | $3,502,160▲212% | $186,548,041▲9.9% | $186,588,774▲9.9% | 990 |
| 2013 | $132,934,477 | $1,120,721▲18.0% | $169,736,839▲411% | $169,772,246▲410% | 990 |
| 2012 | — | $949,964▼19.5% | $33,226,681▲17.8% | $33,264,725▲17.6% | 990 |
| 2011 | — | $1,179,959 | $28,212,550 | $28,296,549 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Angelo Deserio | Junior Grand Warden | 1 | — |
| Anthony Cracco | Grand Treasurer | 2 | — |
| Christopher Both | Junior Grand Deacon | 1 | — |
| David Lynch | Grand Master | 2 | — |
| Franklin Cline | Grand Secretary | 3 | — |
| James Williams | Senior Grand Warden | 1 | — |
| Joseph Ferrell | Deputy Grand Master | 2 | — |
| Patrick Gubbs | Senior Grand Deacon | 1 | — |
Grants made · $2.6M in FY2018
2 grants totaling $2.6M in FY2018. All grants made by Illinois Masonic Charities Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| Illinois Masonic Foundation For the Prevention of Drug and Alcohol | Operating support | $1,558,983 |
| Illinois Masonic Home | Operating support | $995,000 |
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Frequently asked questions
- Is Illinois Masonic Charities Fund a legitimate nonprofit?
- Yes. Illinois Masonic Charities Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 37-0911165, based in Springfield, Illinois. Donations are tax-deductible.
- What is Illinois Masonic Charities Fund's EIN?
- Illinois Masonic Charities Fund's Employer Identification Number (EIN) is 37-0911165.
- How much revenue does Illinois Masonic Charities Fund report?
- Illinois Masonic Charities Fund reported $28,654,557 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Illinois Masonic Charities Fund's spending goes to programs?
- Illinois Masonic Charities Fund spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Illinois Masonic Charities Fund have?
- CharityIndex grades Illinois Masonic Charities Fund C, based on program efficiency and fundraising cost.
- How much does Illinois Masonic Charities Fund's highest-paid employee make?
- The highest reported compensation on Illinois Masonic Charities Fund's latest Form 990 is $0, paid to Angelo Deserio (Junior Grand Warden).
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Data for Illinois Masonic Charities Fund (EIN 37-0911165) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.