Connecticut Masonry Industry Advancement Fund Inc
Connecticut Masonry Industry Advancement Fund: Stable Finances, Limited Program Spending
EIN: 222519853 · Granby, CT · NTEE: S41Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $133K |
| Total Expenses | $117K |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $230K |
| Transparency Score | 60/100 |
Is Connecticut Masonry Industry Advancement Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Connecticut Masonry Industry Advancement Fund Inc
Connecticut Masonry Industry Advancement Fund Inc (EIN: 222519853) is a nonprofit organization based in Granby, CT, classified under NTEE code S41Z. The organization reported total revenue of $133K and total assets of $271K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Masonry Industry Advancement Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Masonry Industry Advancement Fund Inc is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $144K |
| Total Expenses | $117K |
| Surplus / Deficit | +$26K |
| Total Assets | $230K |
| Net Assets | $230K |
| Operating Margin | 18.4% |
| Months of Reserves | 23.5 months |
Financial Health Grade: A
In 2023, Connecticut Masonry Industry Advancement Fund Inc reported a surplus of $26K with revenue exceeding expenses, holds 23.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Connecticut Masonry Industry Advancement Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +73.2% | +15.9% | +13.0% |
| 2022 | -21.8% | +18.1% | -16.3% |
| 2021 | +9.9% | +12.2% | +10.1% |
| 2020 | +1.7% | -8.1% | +12.1% |
| 2019 | +70.5% | +42.2% | +12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
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 Masonry Industry Advancement Fund Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Connecticut Masonry Industry Advancement Fund Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported on the Form 990-EZ, suggesting no officers, directors, trustees, or key employees received over $100,000 in reportable compensation.
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 Masonry Industry Advancement Fund Inc's IRS 990 filings:
- Zero reported program service expenses across all available filings, raising questions about direct charitable impact.
- The organization's primary function appears to be industry advancement, which may not directly align with traditional charitable definitions for public benefit.
Strengths
The following positive indicators were identified for Connecticut Masonry Industry Advancement Fund Inc:
- Consistent revenue generation and asset growth over the past several years.
- Maintains a healthy asset base relative to its revenue, with $230,277 in assets against $143,866 in revenue in 2023.
- No reported liabilities or debt.
Frequently Asked Questions about Connecticut Masonry Industry Advancement Fund Inc
Is Connecticut Masonry Industry Advancement Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Connecticut Masonry Industry Advancement Fund Inc (EIN: 222519853) some concerns. Mission Score: 60/100. 2 red flags identified, 3 strengths noted.
How does Connecticut Masonry Industry Advancement Fund Inc spend its money?
Detailed spending breakdown data is not yet available for Connecticut Masonry Industry Advancement Fund Inc. Check back for updated IRS 990 analysis.
Are donations to Connecticut Masonry Industry Advancement Fund Inc tax-deductible?
Connecticut Masonry Industry Advancement Fund Inc is registered as a tax-exempt nonprofit (EIN: 222519853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Connecticut Masonry Industry Advancement Fund Inc CEO make?
Connecticut Masonry Industry Advancement Fund Inc's highest-compensated officer earns $100,000 annually. The organization reported $133K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Connecticut Masonry Industry Advancement Fund Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Connecticut Masonry Industry Advancement Fund Inc is above average for NTEE category S41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Connecticut Masonry Industry Advancement Fund Inc located?
Connecticut Masonry Industry Advancement Fund Inc is headquartered in Granby, Connecticut and files with the IRS under EIN 222519853. It is classified under NTEE code S41Z.
How many years of IRS 990 filings does Connecticut Masonry Industry Advancement Fund Inc have?
Connecticut Masonry Industry Advancement Fund Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $133K in total revenue.
What does Connecticut Masonry Industry Advancement Fund Inc do?
Connecticut Masonry Industry Advancement Fund Inc is a nonprofit organization in the Community Improvement sector, located in Granby, Connecticut. It is classified under NTEE code S41Z.
How much revenue does Connecticut Masonry Industry Advancement Fund Inc have?
Connecticut Masonry Industry Advancement Fund Inc reported total revenue of $133,286. Based on 13 IRS 990 filings on record.
What are Connecticut Masonry Industry Advancement Fund Inc's total assets?
Connecticut Masonry Industry Advancement Fund Inc holds total assets of $271,101 as reported in IRS 990 filings.
Where is Connecticut Masonry Industry Advancement Fund Inc located?
Connecticut Masonry Industry Advancement Fund Inc is based in Granby, Connecticut.
What is Connecticut Masonry Industry Advancement Fund Inc's EIN?
Connecticut Masonry Industry Advancement Fund Inc's Employer Identification Number (EIN) is 222519853. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Connecticut Masonry Industry Advancement Fund Inc?
Connecticut Masonry Industry Advancement Fund Inc is classified under NTEE code S41Z (Community Improvement).
Is Connecticut Masonry Industry Advancement Fund Inc a registered 501(c)(3)?
Yes, Connecticut Masonry Industry Advancement Fund Inc is recognized as a tax-exempt organization by the IRS. EIN: 222519853.
Does Connecticut Masonry Industry Advancement Fund Inc file IRS Form 990?
Yes, Connecticut Masonry Industry Advancement Fund Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Connecticut Masonry Industry Advancement Fund Inc's revenue in 2023?
In the 202312 filing period, Connecticut Masonry Industry Advancement Fund Inc reported total revenue of $143,866, total expenses of $117,390, and net assets of $230,277.
Is Connecticut Masonry Industry Advancement Fund Inc's revenue growing or declining?
Connecticut Masonry Industry Advancement Fund Inc's revenue is growing. Revenue went from $83,060 (202212) to $143,866 (202312), a +73.2% change. Based on 13 filings on record.
What is Connecticut Masonry Industry Advancement Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Connecticut Masonry Industry Advancement Fund Inc covers tax period 202312. It shows revenue of $143,866, expenses of $117,390, total assets of $230,277, and liabilities of N/A.
Is Connecticut Masonry Industry Advancement Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Connecticut Masonry Industry Advancement Fund Inc shows mixed signals. Mission Score: 60/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Connecticut Masonry Industry Advancement Fund Inc?
The following concerns were identified: Zero reported program service expenses across all available filings, raising questions about direct charitable impact.. The organization's primary function appears to be industry advancement, which may not directly align with traditional charitable definitions for public benefit.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Connecticut Masonry Industry Advancement Fund Inc's strengths?
Positive indicators for Connecticut Masonry Industry Advancement Fund Inc include: Consistent revenue generation and asset growth over the past several years.. Maintains a healthy asset base relative to its revenue, with $230,277 in assets against $143,866 in revenue in 2023.. No reported liabilities or debt.. These findings are derived from AI analysis of the organization's financial filings.
How does Connecticut Masonry Industry Advancement Fund Inc compensate executives?
Executive compensation is not reported on the Form 990-EZ, suggesting no officers, directors, trustees, or key employees received over $100,000 in reportable compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of zero program service expenses, what specific activities or benefits does the 'Industry Advancement Fund' provide to justify its tax-exempt status?
The filings do not detail specific activities beyond general administrative expenses. Without program expenses, the 'advancement' likely refers to indirect support for the masonry industry rather than direct charitable services.
How does the organization's financial structure, with 100% administrative spending, align with its stated mission or purpose?
The financial structure suggests that all reported expenses are administrative in nature, implying that any 'advancement' is achieved through overhead or indirect support rather than direct program implementation.
Filing History
IRS 990 filing history for Connecticut Masonry Industry Advancement Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Connecticut Masonry Industry Advancement Fund Inc's revenue has grown by 231.9%, moving from $43K to $144K. Total assets increased by 127.4% over the same period, from $101K to $230K. Total functional expenses rose by 150.7%, from $47K to $117K. In its most recent filing year (2023), Connecticut Masonry Industry Advancement Fund Inc reported a surplus of $26K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $144K | $117K | $230K | $0 | — | — |
| 2022 | $83K | $101K | $204K | $0 | — | — |
| 2021 | $106K | $86K | $244K | $0 | — | View 990 |
| 2020 | $97K | $76K | $221K | $0 | — | — |
| 2019 | $95K | $83K | $197K | $0 | — | View 990 |
| 2018 | $56K | $59K | $175K | $0 | — | View 990 |
| 2017 | $53K | $58K | $180K | $0 | — | — |
| 2016 | $80K | $70K | $147K | $0 | — | View 990 |
| 2015 | $66K | $66K | $139K | $0 | — | View 990 |
| 2014 | $74K | $59K | $142K | $0 | — | View 990 |
| 2013 | $60K | $48K | $132K | $0 | — | View 990 |
| 2012 | $59K | $46K | $111K | $0 | — | View 990 |
| 2011 | $43K | $47K | $101K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $144K, expenses of $117K, and assets of $230K (revenue +73.2% year-over-year).
- 2022: Revenue of $83K, expenses of $101K, and assets of $204K (revenue -21.8% year-over-year).
- 2021: Revenue of $106K, expenses of $86K, and assets of $244K (revenue +9.9% year-over-year).
- 2020: Revenue of $97K, expenses of $76K, and assets of $221K (revenue +1.7% year-over-year).
- 2019: Revenue of $95K, expenses of $83K, and assets of $197K (revenue +70.5% year-over-year).
- 2018: Revenue of $56K, expenses of $59K, and assets of $175K (revenue +5.6% year-over-year).
- 2017: Revenue of $53K, expenses of $58K, and assets of $180K (revenue -33.8% year-over-year).
- 2016: Revenue of $80K, expenses of $70K, and assets of $147K (revenue +20.1% year-over-year).
- 2015: Revenue of $66K, expenses of $66K, and assets of $139K (revenue -10.6% year-over-year).
- 2014: Revenue of $74K, expenses of $59K, and assets of $142K (revenue +22.6% year-over-year).
- 2013: Revenue of $60K, expenses of $48K, and assets of $132K (revenue +3.2% year-over-year).
- 2012: Revenue of $59K, expenses of $46K, and assets of $111K (revenue +35.1% year-over-year).
- 2011: Revenue of $43K, expenses of $47K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Masonry Industry Advancement Fund Inc:
Data Sources and Methodology
This transparency report for Connecticut Masonry Industry Advancement Fund 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.