Connecticut Freemasons Foundation Inc
Connecticut Freemasons Foundation maintains stable assets and zero officer compensation over a decade.
EIN: 20728496 · Wallingford, CT · NTEE: B82 · Updated: 2026-03-28
Is Connecticut Freemasons Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut Freemasons Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connecticut Freemasons Foundation Inc
Connecticut Freemasons Foundation Inc (EIN: 20728496) is a nonprofit organization based in Wallingford, CT, classified under NTEE code B82. The organization reported total revenue of $1.7M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Freemasons Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Freemasons Foundation Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -9.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $116K |
| Total Expenses | $191K |
| Surplus / Deficit | $-75,487 |
| Total Assets | $2.3M |
| Net Assets | $2.3M |
| Operating Margin | -65.1% |
| Months of Reserves | 142.0 months |
Financial Health Grade: B
In 2024, Connecticut Freemasons Foundation Inc reported a deficit of $75K with expenses exceeding revenue, holds 142.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Connecticut Freemasons Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -46.4% | -0.6% | -3.2% |
| 2023 | -22.4% | +22.6% | +1.0% |
| 2022 | +98.0% | -14.3% | +5.5% |
| 2021 | -37.5% | -7.7% | -1.9% |
| 2020 | +0.0% | +10.3% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Connecticut Freemasons Foundation Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Connecticut Freemasons Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $75K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size and asset base.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Connecticut Freemasons Foundation Inc's IRS 990 filings:
- Fluctuating annual revenue, making long-term revenue projections challenging.
Strengths
The following positive indicators were identified for Connecticut Freemasons Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Zero reported liabilities across all filings, demonstrating strong financial health.
- Steady growth in assets over the past decade, from $2.1M to $2.5M.
- Consistent filing of IRS Form 990s, indicating strong transparency.
- Expenses consistently below revenue in most years, contributing to asset growth.
Frequently Asked Questions about Connecticut Freemasons Foundation Inc
Is Connecticut Freemasons Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Connecticut Freemasons Foundation Inc (EIN: 20728496) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Connecticut Freemasons Foundation Inc spend its money?
Connecticut Freemasons Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Connecticut Freemasons Foundation Inc tax-deductible?
Connecticut Freemasons Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20728496). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Connecticut Freemasons Foundation Inc. a good charity?
Based on the available IRS 990 data, the Connecticut Freemasons Foundation Inc. appears to be a very good charity. It consistently reports 0% officer compensation, has no liabilities, and maintains a healthy and growing asset base, suggesting efficient use of funds and strong financial health.
How does the organization manage its expenses?
The organization manages its expenses very efficiently, with annual expenses typically below $200,000, even with an asset base exceeding $2 million. The consistent 0% officer compensation indicates that operational costs are primarily directed towards program delivery and administrative overhead, rather than executive salaries.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend over the past decade, growing from $2,185,008 in 2015 to $2,576,638 currently, indicating strong financial stewardship and growth.
Filing History
IRS 990 filing history for Connecticut Freemasons Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Connecticut Freemasons Foundation Inc's revenue has declined by 71.3%, moving from $404K to $116K. Total assets increased by 69.5% over the same period, from $1.3M to $2.3M. Total functional expenses rose by 64.2%, from $117K to $191K. In its most recent filing year (2024), Connecticut Freemasons Foundation Inc reported a deficit of $75K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $116K | $191K | $2.3M | $0 | — | — |
| 2023 | $216K | $193K | $2.3M | $0 | — | — |
| 2022 | $278K | $157K | $2.3M | $0 | — | View 990 |
| 2021 | $141K | $183K | $2.2M | $0 | — | — |
| 2020 | $225K | $198K | $2.2M | $0 | — | View 990 |
| 2019 | $225K | $180K | $2.2M | $0 | — | View 990 |
| 2018 | $166K | $233K | $2.1M | $0 | — | View 990 |
| 2017 | $162K | $165K | $2.2M | $0 | — | View 990 |
| 2016 | $146K | $131K | $2.2M | $0 | — | View 990 |
| 2015 | $777K | $115K | $2.2M | $0 | — | View 990 |
| 2014 | $259K | $150K | $1.5M | $0 | — | View 990 |
| 2013 | $195K | $118K | $1.4M | $0 | — | View 990 |
| 2012 | $404K | $117K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $116K, expenses of $191K, and assets of $2.3M (revenue -46.4% year-over-year).
- 2023: Revenue of $216K, expenses of $193K, and assets of $2.3M (revenue -22.4% year-over-year).
- 2022: Revenue of $278K, expenses of $157K, and assets of $2.3M (revenue +98.0% year-over-year).
- 2021: Revenue of $141K, expenses of $183K, and assets of $2.2M (revenue -37.5% year-over-year).
- 2020: Revenue of $225K, expenses of $198K, and assets of $2.2M (revenue +0.0% year-over-year).
- 2019: Revenue of $225K, expenses of $180K, and assets of $2.2M (revenue +35.5% year-over-year).
- 2018: Revenue of $166K, expenses of $233K, and assets of $2.1M (revenue +2.8% year-over-year).
- 2017: Revenue of $162K, expenses of $165K, and assets of $2.2M (revenue +10.9% year-over-year).
- 2016: Revenue of $146K, expenses of $131K, and assets of $2.2M (revenue -81.2% year-over-year).
- 2015: Revenue of $777K, expenses of $115K, and assets of $2.2M (revenue +199.3% year-over-year).
- 2014: Revenue of $259K, expenses of $150K, and assets of $1.5M (revenue +32.7% year-over-year).
- 2013: Revenue of $195K, expenses of $118K, and assets of $1.4M (revenue -51.6% year-over-year).
- 2012: Revenue of $404K, expenses of $117K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Freemasons Foundation Inc:
Data Sources and Methodology
This transparency report for Connecticut Freemasons Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.