MASONIC EDUCATION & CHARITY TRUST Charity Report

Public IRS 990 nonprofit record

MASONIC EDUCATION & CHARITY TRUST

EIN 04-2104701 · Community Improvement & Capacity Building (S120)

What they do

to HOLD and INVEST FUNDS for RELATED MASONIC ORGANIZATIONS and DISTRIBUTE INCOME EARNED to THEM and to RETURN THEIR INVESTED FUNDS WHEN REQUIRED IN ORDER to FULFILL THE REQUIREMENTS and OBLIGATIONS of FREEMASONRY: FREEMASONRY (OFTEN SIMPLIFIED to "MASONRY") ENHANCES and STRENGTHENS THE CHARACTER of THE INDIVIDUAL MAN BY PROVIDING OPPORTUNITIES for FELLOWSHIP, CHARITY, EDUCATION, ANDD LEADERSHIP BASED ON THE THREE ANCIENT MASONIC TENETS: BROTHERLY LOVE, RELIEF, and TRUTH. MASSACHUSETTS FREEMASONRY is A CROWNING LEGACY of THIS VENERABLE HERITAGE AS WE STRIVE to "MAKE GOOD MEN BETTER.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

61.89%of revenue went to mission work76.1% of expenses · Program services

6.48%of revenue went to fundraising8.0% of expenses

$81.34spent for every $100 of revenueRevenue covered expenses this year.

12.97%of revenue went to management and office costs15.9% of expenses

$28.71in assets for every $1 spent this yearSome assets cannot be spent right away.

21.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $7,856 for GEORGE HAYECK (ASSIST SEC./). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,885,622

Mission workProgram services$2,404,74161.89% of revenue76.1% of expenses

ManagementOffice and general costs$504,05812.97% of revenue15.9% of expenses

FundraisingAsking for donations$251,9036.48% of revenue8.0% of expenses

Revenue left after expensesReported annual surplus$724,92018.66% of revenueShown in gray on the chart

Total expenses$3,160,70281.34% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.1% mission · 15.9% management · 8.0% fundraisingTotal expenses: 81.34% of revenue

2023Expense mix: 68.9% mission · 22.4% management · 8.7% fundraisingTotal expenses: 84.17% of revenue

2022Expense mix: 79.3% mission · 13.6% management · 7.1% fundraisingTotal expenses: 194.18% of revenue

2021Expense mix: 74.7% mission · 18.0% management · 7.3% fundraisingTotal expenses: 38.05% of revenue

2020Expense mix: 69.0% mission · 22.3% management · 8.7% fundraisingTotal expenses: 62.33% of revenue

2019Expense mix: 81.0% mission · 12.9% management · 6.1% fundraisingTotal expenses: 74.17% of revenue

2018Expense mix: 81.8% mission · 11.6% management · 6.6% fundraisingTotal expenses: 607.34% of revenue

2017Expense mix: 93.9% mission · 6.0% management · 0.1% fundraisingTotal expenses: 34.43% of revenue

Money in and money out

Revenue$3,885,622

Expenses$3,160,702

Annual surplus $724,920 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,404,741 · 76.1% of expenses

Management and office costs$504,058 · 15.9% of expenses

Fundraising$251,903 · 8.0% of expenses

See all reported dollar amounts

Revenue$3,885,622

Expenses$3,160,702

Assets$90,743,628

Income$33,218,987

Contributions$814,871

Mission work (program services)$2,404,741

Fundraising$251,903

Grants given$716,453

Average grant$28,658

Management and general$504,058

Stocks and bonds$87,861,032

Accounting fees$43,600

Investing fees$181,022

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

GEORGE HAYECKASSIST SEC./ · 5 hrs/week $7,856Base · Other $7,856

CHARLES CAROSELLIASSIST TREAS · 5 hrs/week $3,969Base · Other $3,969

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

GEORGE HAYECKASSIST SEC./

CHARLES CAROSELLIASSIST TREAS

CRAIG MACPHERSONTRUSTEE

GEORGE F HAMILTONPRESIDENT

GEORGE L HERBOLSHEIMER IVTRUSTEE

JOHN C HARRIS IIITRUSTEE

JOHN R HALSEYCLERK & TRUS

MASON W RUSSELLTREASURER

MICHAEL J BOUCHERTRUSTEE

PAUL R PERKINSTRUSTEE

PETER H NEETRUSTEE

RICHARD MAGGIOGRAND SECRET

TERRY GRIFFITH JRTRUSTEE

THOMAS A RORRIETRUSTEE

About this charity

Recognized since: January 1934
Location: 186 TREMONT STREET, BOSTON, MA 02111
County: Suffolk
In care of: TIMOTHY S MCGAVIN
Primary officer: TIMOTHY S MCGAVIN, PRESIDENT

How to reach them

WebsiteVisit the charity’s website EmailInfo@MassFreemasonry.org Phone(617) 426-6040

Filing and classification

Latest tax year: 2024
Tax period began: September 1, 2024
Return type: 990
Tax preparer: DAUPHIN & FANTACONE CPAS LLP
NTEE classification: Community Improvement & Capacity Building (S120)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes