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Masonic Center Corp FY2023 filing

Not tax-deductible

Davenport, IAMutual-benefit / member-servingCommunity DevelopmentEIN 39-1880946Revenue $74K in FY2023

On file with the IRSPo Box 3627, 52808-3627 · Davenport, IATax-exempt since Sep 2001

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Provide facilities to exempt Masonic organizations

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $22K a year · 40% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$74K
+80% vs prior year
Spent
$67K
To programs
100%
Net assets
$803K
By yearFY2020–FY2024
Revenue
$74K
FY2023▲ +80%
Tap a bar for its year
Revenue by fiscal year
FY2020$40K
FY2021$51K
FY2022$41K
FY2023$74K
FY2024$63K
Expenses
$67K
FY2023▼ -26%
Tap a bar for its year
Expenses by fiscal year
FY2020$68K
FY2021$87K
FY2022$90K
FY2023$67K
FY2024$65K
Net assets
$803K
FY2023▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$870K
FY2021$834K
FY2022$785K
FY2023$803K
FY2024$804K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $67K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Brian Huff
Board Member
$0Pt VII · Sec A
Pier Trevisan
Board Member
$0Pt VII · Sec A
Rick Koerner
Board Member
$0Pt VII · Sec A
Monte Harris
Vice President/Treasurer
$0Pt VII · Sec A
Roger Kadel
Secretary
$0Pt VII · Sec A
Phil Corwin
President
$0Pt VII · Sec A
See Masonic Center Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers buildings and spaces for Masonic groups.

Questions for Masonic Center Corp

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Provided by the organization

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1 program · $67K · in their own filed words · FY2023
01

36150PROVIDE facilities to exempt masonic organizations

$67Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$74K
Ln 12
Fees for servicesLn 2g$47K
Gifts and grantsLn 1h$20K
Investment incomeLn 3$7K
Money outPt IX
$67K
Ln 25
Programscol B$67K
Owns and owesPt X
$803K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$811K
LiabilitiesLn 26$8K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Government grantsLn 1e$16K
Fees for servicesLn 2g$47K
Investment incomeLn 3$7K
Gains on assetsLn 7$2K
Total revenueLn 12$74K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
InvestmentsLn 11–13$165K
Land, buildings, equipmentLn 10c$622K
Total assetsLn 16$811K
LiabilitiesLn 26$8K
Net assetsLn 32$803K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2K$24K
InvestmentsLn 11–13$146K$165K
Land, buildings, equipmentLn 10c$644K$622K
Total assetsLn 16$792K$811K
LiabilitiesLn 26$7K$8K
Net assetsLn 32$785K$803K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$790$790
Office expensesLn 13$2K$2K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$37K$37K
Total functional expensesLn 25$67K$67K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $63K$65K−$2K$804K 990 PDF
FY2023 Viewing $74K$67K$7K$803K 990 PDF
FY2022 $41K$90K−$49K$785K 990 PDF
FY2021 $51K$87K−$36K$834K 990 PDF
FY2020 $40K$68K−$28K$870K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $73,652 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$19,552
I-9 Program service revenuePrior year $36,150$46,960
I-10 Investment incomePrior year $4,709$7,140
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $40,859$73,652
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $89,999$66,995
I-18 Total expensesPrior year $89,999$66,995
I-19 Revenue less expensesPrior year −$49,140$6,657
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $73,652 across 7 lines filed
VIII-1e Government grants$15,585
VIII-1f All other contributions, gifts and grants$3,967
VIII-1h Total contributions, gifts and grants$19,552
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,960$46,960
VIII-3 Investment incomeExcluded from tax $5,637$5,637
VIII-7 Net gain or loss on sales of assetsUnrelated business $1,503$1,503
VIII-12 Total revenueRelated to mission $46,960 · Unrelated business $1,503 · Excluded from tax $5,637$73,652
Part IX · Statement of functional expenses $66,995 across 5 lines filed
IX-11c Accounting feesPrograms $790$790
IX-13 Office expensesPrograms $2,126$2,126
IX-22 Depreciation, depletion and amortizationPrograms $21,869$21,869
IX-23 InsurancePrograms $5,426$5,426
IX-24 Other expenses (24a–d)Programs $36,784$36,784
IX-25 Total functional expensesPrograms $66,995 · Management $0 · Fundraising $0$66,995
Part X · Balance sheet $811,026 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $2,481$24,294
X-10c Land, buildings and equipment, netStart of year $643,706$621,837
X-11 Publicly traded securitiesStart of year $146,295$164,895
X-16 Total assetsStart of year $792,482$811,026
X-17 Accounts payable and accrued expenses$428
X-19 Deferred revenueStart of year $7,490$7,490
X-26 Total liabilitiesStart of year $7,490$7,918
X-32 Total net assets or fund balancesStart of year $784,992$803,108
X-33 Total liabilities and net assetsStart of year $792,482$811,026
Part XI · Reconciliation of net assets $803,108 net assets at year end
XI-1 Total revenue$73,652
XI-2 Total expenses$66,995
XI-3 Revenue less expenses$6,657
XI-4 Net assets at start of year$784,992
XI-5 Net unrealized gains (losses) on investments$11,459
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$803,108

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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