The Masonic Charitable Foundation of the Grand Lodge of Maine

Nonprofit profile at a glance

EIN
223211042
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Holden, ME, USA
Phone
2078431086
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Federated Giving Programs

Reported finances

Revenue
$4,762,320
Expenses
$1,602,766
Assets
$36,844,050
Liabilities
$1,937,859

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

Leadership & pay

13 people listed

Executive titles in this filing

  • DONALD PRATT (CHAIR & PRESIDENT)
  • JEFFREY SIMONTON (VICE PRESIDENT)
  • SUSAN SCACCHI (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SUSAN SCACCHI (EXECUTIVE DIRECTOR): $117,130 total reported compensation
  • JAMES WITHAM (TREASURER): $26,435 total reported compensation
  • DANIEL E BARTLETT (SECRETARY): $20,625 total reported compensation

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

Overview

Mission

The foundation was established for charitable, educational and other specific purposes in accordance with masonic principles and practices.

What it reported doing in 2024

Youth activities: our bikes for books program is the largest under this youth activities category. The program is intended to be executed with a school's reading initiative to support local schools. Lodges are going into the community and working with schools and libraries to propose community participation in the program. This includes partnerships with schools, libraries and community businesses, engaging the community in raising funds, with a shared goal to see free bikes and helmets get into the hands of worthy children who have earned a reward for their efforts. This past year we saw roughly 1,750+ bikes given away. Administrators, children, parents, and lodge members all know this program works and benefits their communities. In addition to the bikes for books program, educational scholarships were given to approximately 30 students. In addition to the funds provided for the bikes for books literacy initiative, other grants are provided to support youth in communities across Maine to support organizations, such as scouting america, camp postcard, operation reboot outdoors Maine, special olympics, Maine dyslexia centers of bangor and portland, big brothers big sisters of Maine and various project graduation celebrations.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 78
  • Accountability: 86
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 80%; rating input score 80
  • Fundraising efficiency: $3.9 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 51.4%; rating input score 51; 16th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 21st 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: 66.3%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 22.99; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 10.2%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: 10.9% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 9.8% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 6.3% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 80% of spending went to programs
  • Governance: 10 of 11 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1.3M in reported program spending
  • Leadership: top reported pay $117K · 13 people listed
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 46 filed money-flow records
  • Related organizations: 43 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.

  • Review — Transparency & Controls: Grant itemization coverage scored 51/100.
  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 29/100.