Minnesota Masonic Charities Funds

Nonprofit profile at a glance

EIN
411495321
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Bloomington, MN, USA
Phone
9529487000
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$8,675,025
Expenses
$929,855
Assets
$144,716,799
Liabilities
$10,147,191

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • JOHN SCHWIETZ (CEO - CHARITIES)
  • ERIC J NEETENBEEK (PRESIDENT - CHARITIES)

Highest reported compensation

  • JOHN SCHWIETZ (CEO - CHARITIES): $403,013 total reported compensation
  • SUE MORK THRU SEPTEMBER 2024 (CFO - CHARITIES): $265,142 total reported compensation
  • ERIC J NEETENBEEK (PRESIDENT - CHARITIES): $217,612 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Minnesota masonic charities and affiliates' primary purposes are to help, aid and assist the masonic family and others, guided by the masonic principles of brotherly love, relief and truth, by (a) providing financial or other assistance to non-profit tax exempt entities that provide facilities for nursing care and elderly housing; facilities and programs for community, health, social services and education of the elderly; (b) promoting research and activities related to the treatment and cure of cancer, childhood language disorders, physical, emotional and mental maladies of the youth; (c) assisting students in obtaining higher education; (d) the collection, preservation and dissemination of historical knowledge about masonry in Minnesota; and (e) to engage in, advance, support, promote, and administer charitable causes and projects that aid, assist, and contribute to the support of corporations, trusts, associations, and foundations that are exempt from federal income taxes.

What it reported doing in 2024

Manage and administer investments for its affiliates, which are exempt under 501(c)(3), to accomplish their exempt purposes.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 29
  • Transparency & Controls: 60
  • Accountability: 91
  • Sustainability: 88
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15.9%; rating input score 16
  • Program expense ratio: 59.8%; rating input score 60
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 89.3%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 155.63; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 8.2%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: -2.4% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 24th percentile among comparable filings
  • Asset growth: -0.1% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 15.9% of revenue deployed · 59.8% of spending went to programs
  • Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $556K in reported program spending
  • Leadership: top reported pay $403K · 12 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $484K reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 10 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 16/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.