ILLINOIS MASONIC CHARITIES FUND

EIN: 370911165 501(c)(3) Education

SPRINGFIELD, IL

Total Revenue
$28,654,557
Total Expenses
$13,833,132
Total Assets
$359,261,012
Net Assets
$359,251,312
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
IL
Principal Officer
FRANKLIN E CLINE
Phone
2175298900
Tax Period
2024-07-01 to 2025-06-30

ILLINOIS MASONIC CHARITIES FUND, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $28.7M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.8M, a strong 52% operating margin.

Mission

TO PROVIDE AND DISPENSE CHARITY.

Program Service Accomplishments

Program 1
Expenses: $11,429,379

THE ILLINOIS MASONIC CHARITIES FUND PROVIDED FINANCIAL SUPPORT TO THE OPERATIONS OF THE ILLINOIS MASONIC HOME, ILLINOIS MASONIC CHILDREN'S HOME, ILLINOIS MASONIC OUTREACH SERVICES, AND ILLINOIS...

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THE ILLINOIS MASONIC CHARITIES FUND PROVIDED FINANCIAL SUPPORT TO THE OPERATIONS OF THE ILLINOIS MASONIC HOME, ILLINOIS MASONIC CHILDREN'S HOME, ILLINOIS MASONIC OUTREACH SERVICES, AND ILLINOIS MASONIC FOUNDATION FOR THE PREVENTION OF DRUG ABUSE AMONG CHILDREN, ALL OF WHICH ARE OPERATED AS CHARITABLE EXEMPT ORGANIZATIONS, AND TO OTHER WORTHY AND INDIGENT PERSONS AND ORGANIZATIONS WHICH ARE THE PROPER OBJECTS OF MASONIC CHARITY AND BENEVOLENCE.

Program 2
Expenses: $159,000

658 EDUCATIONAL SCHOLARSHIPS TO STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $638,675
Program Service Revenue $0
Investment Income $27,591,843
Other Revenue $424,039
TOTAL REVENUE $28,654,557

Expense Breakdown

Grants Paid $11,426,046
Salaries & Benefits $0
Fundraising Expenses $288,270
Program Expenses $11,588,379
Other Expenses $2,407,086
TOTAL EXPENSES $13,833,132

Year-over-Year Comparison

2024 2023 Change
Revenue $28,654,557 $21,573,242 +0.3%
Expenses $13,833,132 $3,754,789 +2.7%
Net Income $14,821,425 $17,818,453 -0.2%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
5
Employees
N/A
Volunteers
300

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$134,400
Total Directors
8
$134,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID LYNCH GRAND MASTER 2.00
Officer Director
$0 $3,263 $39,516
JOSEPH FERRELL DEPUTY GRAND MASTER 2.00
Officer Director
$0 $0 $0
ANTHONY CRACCO GRAND TREASURER 2.00
Officer Director
$0 $415 $10,800
FRANKLIN CLINE GRAND SECRETARY 3.00
Officer Director
$0 $7,207 $84,084
JAMES WILLIAMS SENIOR GRAND WARDEN 1.00
Officer Director
$0 $0 $0
ANGELO DESERIO JUNIOR GRAND WARDEN 1.00
Officer Director
$0 $0 $0
PATRICK GUBBS SENIOR GRAND DEACON 1.00
Officer Director
$0 $0 $0
CHRISTOPHER BOTH JUNIOR GRAND DEACON 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $28,654,557 $13,833,132 $359,261,012 $14,821,425
2024 $21,573,242 $3,754,789 $340,336,227 $17,818,453
2023 $19,402,552 $3,403,348 $302,024,494 $15,999,204
2022 $29,251,765 $3,023,742 $273,826,563 $26,228,023
2021 $34,913,611 $1,868,319 $314,503,051 $33,045,292
2020 $1,334,947 $1,716,417 $224,500,621 $-381,470
2019 $17,429,047 $4,026,088 $220,200,631 $13,402,959
2018 $17,953,615 $3,063,009 $212,312,522 $14,890,606
2018 $17,953,615 $3,063,009 $212,312,522 $14,890,606
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