Valley Freemasons Building Association Of Connecticut
Valley Freemasons Building Association consistently operates at a deficit while maintaining significant assets and zero officer compensation.
EIN: 202539188 · Simsbury, CT · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $44K |
| Program Spending | 80% |
| Net Assets | $451K |
| Transparency Score | 75/100 |
Is Valley Freemasons Building Association Of Connecticut Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Valley Freemasons Building Association Of Connecticut directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Valley Freemasons Building Association Of Connecticut
Valley Freemasons Building Association Of Connecticut (EIN: 202539188) is a nonprofit organization based in Simsbury, CT, classified under NTEE code S47. The organization reported total revenue of $26K and total assets of $433K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Valley Freemasons Building Association Of Connecticut's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Valley Freemasons Building Association Of Connecticut is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $44K |
| Surplus / Deficit | $-13,962 |
| Total Assets | $451K |
| Net Assets | $451K |
| Operating Margin | -46.0% |
| Months of Reserves | 122.3 months |
Financial Health Grade: B
In 2023, Valley Freemasons Building Association Of Connecticut reported a deficit of $14K with expenses exceeding revenue, holds 122.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Valley Freemasons Building Association Of Connecticut's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.8% | +8.6% | -3.0% |
| 2022 | +5.0% | +2.1% | -3.7% |
| 2021 | +10.4% | +18.1% | -3.6% |
| 2020 | -23.8% | -26.6% | -2.7% |
| 2019 | +2.3% | +12.9% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Valley Freemasons Building Association Of Connecticut with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Valley Freemasons Building Association Of Connecticut allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by unpaid volunteers. This is a positive sign for a small organization of this size, demonstrating a commitment to directing all funds towards its mission and operational needs.
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 Valley Freemasons Building Association Of Connecticut's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in most years (e.g., $44,310 expenses vs. $30,348 revenue in 2023).
- Declining asset base over the past decade (from $736,006 in 2014 to $451,423 in 2023), suggesting reliance on reserves to cover deficits.
- Negative revenue reported in 2016 ($-36,987), which could indicate a significant one-time event or accounting adjustment.
Strengths
The following positive indicators were identified for Valley Freemasons Building Association Of Connecticut:
- Zero officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
- Consistently reports zero liabilities, demonstrating strong financial management and no reliance on debt.
- Maintains a substantial asset base ($451,423 in 2023) relative to its annual revenue, providing financial stability.
Frequently Asked Questions about Valley Freemasons Building Association Of Connecticut
Is Valley Freemasons Building Association Of Connecticut a legitimate charity?
Valley Freemasons Building Association Of Connecticut (EIN: 202539188) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $26K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Valley Freemasons Building Association Of Connecticut spend its money?
Valley Freemasons Building Association Of Connecticut directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Valley Freemasons Building Association Of Connecticut tax-deductible?
Valley Freemasons Building Association Of Connecticut is registered as a tax-exempt nonprofit (EIN: 202539188). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Valley Freemasons Building Association Of Connecticut's spending goes to programs?
Valley Freemasons Building Association Of Connecticut directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Valley Freemasons Building Association Of Connecticut compare to similar nonprofits?
With a transparency score of 75/100 (Good), Valley Freemasons Building Association Of Connecticut is above average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Valley Freemasons Building Association Of Connecticut located?
Valley Freemasons Building Association Of Connecticut is headquartered in Simsbury, Connecticut and files with the IRS under EIN 202539188. It is classified under NTEE code S47.
How many years of IRS 990 filings does Valley Freemasons Building Association Of Connecticut have?
Valley Freemasons Building Association Of Connecticut 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 $26K in total revenue.
What is the primary purpose of the Valley Freemasons Building Association Of Connecticut?
Based on its NTEE code (S47 - Fraternal Societies) and name, the organization's primary purpose is likely to own and maintain a building for the use of a Masonic lodge or similar fraternal activities, rather than direct charitable program delivery to the public.
How does the organization cover its consistent operating deficits?
Given the consistent deficits (e.g., $13,962 in 2023) and declining assets over time (from $736,006 in 2014 to $451,423 in 2023), the organization appears to be drawing down its existing asset base to cover operational expenses.
Is the organization transparent about its finances?
Yes, the organization demonstrates good transparency by consistently filing its IRS 990 forms and clearly reporting 0% officer compensation and zero liabilities, which are key indicators of financial health and accountability.
Filing History
IRS 990 filing history for Valley Freemasons Building Association Of Connecticut showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Valley Freemasons Building Association Of Connecticut's revenue has grown by 137.8%, moving from $13K to $30K. Total assets decreased by 44.3% over the same period, from $810K to $451K. Total functional expenses fell by 26.4%, from $60K to $44K. In its most recent filing year (2023), Valley Freemasons Building Association Of Connecticut reported a deficit of $14K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $44K | $451K | $0 | — | — |
| 2022 | $23K | $41K | $465K | $0 | — | — |
| 2021 | $22K | $40K | $483K | $0 | — | — |
| 2020 | $20K | $34K | $501K | $0 | — | — |
| 2019 | $26K | $46K | $515K | $0 | — | View 990 |
| 2018 | $25K | $41K | $535K | $0 | — | View 990 |
| 2017 | $24K | $47K | $551K | $0 | — | View 990 |
| 2016 | $-36,987 | $48K | $574K | $0 | — | View 990 |
| 2015 | $39K | $55K | $707K | $0 | — | View 990 |
| 2014 | $42K | $54K | $736K | $15K | — | View 990 |
| 2013 | $76K | $57K | $761K | $49K | — | View 990 |
| 2012 | $15K | $50K | $783K | $121K | — | View 990 |
| 2011 | $13K | $60K | $810K | $197K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $44K, and assets of $451K (revenue +31.8% year-over-year).
- 2022: Revenue of $23K, expenses of $41K, and assets of $465K (revenue +5.0% year-over-year).
- 2021: Revenue of $22K, expenses of $40K, and assets of $483K (revenue +10.4% year-over-year).
- 2020: Revenue of $20K, expenses of $34K, and assets of $501K (revenue -23.8% year-over-year).
- 2019: Revenue of $26K, expenses of $46K, and assets of $515K (revenue +2.3% year-over-year).
- 2018: Revenue of $25K, expenses of $41K, and assets of $535K (revenue +6.6% year-over-year).
- 2017: Revenue of $24K, expenses of $47K, and assets of $551K.
- 2016: Revenue of $-36,987, expenses of $48K, and assets of $574K (revenue -195.5% year-over-year).
- 2015: Revenue of $39K, expenses of $55K, and assets of $707K (revenue -7.1% year-over-year).
- 2014: Revenue of $42K, expenses of $54K, and assets of $736K (revenue -45.3% year-over-year).
- 2013: Revenue of $76K, expenses of $57K, and assets of $761K (revenue +409.5% year-over-year).
- 2012: Revenue of $15K, expenses of $50K, and assets of $783K (revenue +17.4% year-over-year).
- 2011: Revenue of $13K, expenses of $60K, and assets of $810K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Valley Freemasons Building Association Of Connecticut:
Data Sources and Methodology
This transparency report for Valley Freemasons Building Association Of Connecticut 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.