Civic Intelligence

Masonic Home and School of Texas

EIN 75-1528075 • 501(c)3 • Keller, TX

Profile

To improve the quality of life for children and families of texas.

1240 Keller Parkway Suite 200Keller, TX 76248

www.mhstx.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.27x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

62nd percentile

9.4%

Higher net margin than 62% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

10th percentile

$186,041

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

59th percentile

7.8%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

10%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$143,438,602

Up $10,407,635 (+7.8%) from 2023

Liabilities

Up

$1,571,356

Up $284,281 (+22%) from 2023

Net Assets

Up

$141,867,246

Up $10,123,354 (+7.7%) from 2023

Revenue

Up

$5,920,280

Up $553,838 (+10%) from 2023

Expenses

Up

$5,363,639

Up $506,972 (+10%) from 2023

Net Income

Up

$556,641

Up $46,866 (+9.2%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $75,691,260Liabilities 2011: $1,301,586Net Assets 2011: $74,389,6742011Assets 2012: $83,740,724Liabilities 2012: $1,307,265Net Assets 2012: $82,433,4592012Assets 2013: $86,734,236Liabilities 2013: $1,042,775Net Assets 2013: $85,691,4612013Assets 2014: $99,854,827Liabilities 2014: $987,437Net Assets 2014: $98,867,3902014Assets 2015: $99,269,850Liabilities 2015: $793,795Net Assets 2015: $98,476,0552015Assets 2016: $96,236,994Liabilities 2016: $761,520Net Assets 2016: $95,475,4742016Assets 2017: $101,271,277Liabilities 2017: $708,302Net Assets 2017: $100,562,9752017Assets 2018: $108,214,742Liabilities 2018: $874,278Net Assets 2018: $107,340,4642018Assets 2019: $113,348,138Liabilities 2019: $881,440Net Assets 2019: $112,466,6982019Assets 2020: $118,637,666Liabilities 2020: $719,649Net Assets 2020: $117,918,0172020Assets 2021: $139,852,445Liabilities 2021: $516,271Net Assets 2021: $139,336,1742021Assets 2022: $122,826,906Liabilities 2022: $424,412Net Assets 2022: $122,402,4942022Assets 2023: $133,030,967Liabilities 2023: $1,287,075Net Assets 2023: $131,743,8922023Assets 2024: $143,438,602Liabilities 2024: $1,571,356Net Assets 2024: $141,867,2462024

Highlighted filing

2024

Assets$143,438,602
Liabilities$1,571,356
Net Assets$141,867,246

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $3,018,097Expenses 2011: $2,932,632Net Income 2011: $85,4652011Revenue 2012: $3,941,026Expenses 2012: $2,840,288Net Income 2012: $1,100,7382012Revenue 2013: $6,866,252Expenses 2013: $2,956,834Net Income 2013: $3,909,4182013Revenue 2014: $5,642,889Expenses 2014: $3,628,142Net Income 2014: $2,014,7472014Revenue 2015: $6,650,990Expenses 2015: $4,145,505Net Income 2015: $2,505,4852015Revenue 2016: $7,855,602Expenses 2016: $3,853,264Net Income 2016: $4,002,3382016Revenue 2017: $5,392,899Expenses 2017: $4,185,809Net Income 2017: $1,207,0902017Revenue 2018: $7,276,180Expenses 2018: $4,076,603Net Income 2018: $3,199,5772018Revenue 2019: $5,792,561Expenses 2019: $4,058,834Net Income 2019: $1,733,7272019Revenue 2020: $3,676,822Expenses 2020: $4,004,359Net Income 2020: -$327,5372020Revenue 2021: $6,614,187Expenses 2021: $4,060,162Net Income 2021: $2,554,0252021Revenue 2022: $4,517,021Expenses 2022: $4,205,928Net Income 2022: $311,0932022Revenue 2023: $5,366,442Expenses 2023: $4,856,667Net Income 2023: $509,7752023Revenue 2024: $5,920,280Expenses 2024: $5,363,639Net Income 2024: $556,6412024

Highlighted filing

2024

Revenue$5,920,280
Expenses$5,363,639
Net Income$556,641

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$143$1.57$142$5.92$5.36$0.56
2023Detailed filing. Detailed filing data is available for this year.$133$1.29$132$5.37$4.86$0.51
2022Detailed filing. Detailed filing data is available for this year.$123$0.42$122$4.52$4.21$0.31
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$140$0.52$139$6.61$4.06$2.55
2020Detailed filing. Detailed filing data is available for this year.$119$0.72$118$3.68$4.00$0.33
2019Detailed filing. Detailed filing data is available for this year.$113$0.88$112$5.79$4.06$1.73
2018Detailed filing. Detailed filing data is available for this year.$108$0.87$107$7.28$4.08$3.20
2017Detailed filing. Detailed filing data is available for this year.$101$0.71$101$5.39$4.19$1.21
2016Detailed filing. Detailed filing data is available for this year.$96.2$0.76$95.5$7.86$3.85$4.00
2015Detailed filing. Detailed filing data is available for this year.$99.3$0.79$98.5$6.65$4.15$2.51
2014Detailed filing. Detailed filing data is available for this year.$99.9$0.99$98.9$5.64$3.63$2.01
2013Summary only. Only limited summary data is available for this year.$86.7$1.04$85.7$6.87$2.96$3.91
2012Summary only. Only limited summary data is available for this year.$83.7$1.31$82.4$3.94$2.84$1.10
2011Summary only. Only limited summary data is available for this year.$75.7$1.30$74.4$3.02$2.93$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$17,997,380
Mission and Program Overview

Mission

To improve the quality of life for children and families of texas.

The organization provides assistance for qualifying children and families through third party providers and provides financial support for the care and maintenance for qualified applicants through third party providers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$102,475,814$111,717,138▲ $9,241,324
Investments Other Securities$12,680,055$17,176,561▲ $4,496,506
Land, Buildings, and Equipment, Net$1,544,951$1,547,830▲ $2,879
Cash and Non-Interest-Bearing Accounts$4,117$243,995▲ $239,878
Accounts Receivable$13,658$202,499▲ $188,841
Prepaid Expenses and Deferred Charges$175,259$114,050▼ $61,209
Total Assets$133,030,967$143,438,602▲ $10,407,635
Other Assets Total$16,137,113$12,436,529▼ $3,700,584
Liabilities
Accounts Payable and Accrued Expenses$737,724$1,100,497▲ $362,773
Other Liabilities$528,101$453,859▼ $74,242
Deferred Revenue$21,250$17,000▼ $4,250
Total Liabilities$1,287,075$1,571,356▲ $284,281
Net Assets / Fund Balance
Net Assets With Donor Restrictions$98,296,451$107,154,972▲ $8,858,521
Net Assets Without Donor Restrictions$33,447,441$34,712,274▲ $1,264,833
Total Net Assets Fund Balance$131,743,892$141,867,246▲ $10,123,354
Total Liabilities and Net Assets / Fund Balance$133,030,967$143,438,602▲ $10,407,635

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,561$84,717$88,278
Other Land Buildings$25,043$41,387$66,430
Land$1,519,226--
Other Assets Org$203,225--
Other Securities$3,138,476--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$72,622,248-▲ $9,978,426$1,580,356$81,020,318
2022$66,710,170-▲ $7,372,884$1,460,806$72,622,248
2021$75,944,857-▼ $8,048,521$1,186,166$66,710,170
2020$58,967,399-▲ $18,019,305$1,041,847$75,944,857
2019$60,883,521-▼ $466,276$1,448,246$58,967,399
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom SerfassCFO/CIOFT$169,358$16,683$186,041
Shannon DavisExecutive DiFT$109,718$20,201$129,919

Board Members and Trustees

NameTitle
John R ClementsPresident/di
Ken CurryDirector
Zachary HastonVP/director
Bradley KohankeSecretary/di
John DensonTreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$839,785
Program Service Revenue
$202,220
Investment Income
$3,925,609
Other Revenue
$952,666
All Other Contributions
$557,571
Change in Net Assets
$556,641

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,790,652
Revenue Not Reported on Financial Statements
$129,628
Revenue Not Reported on Form 990
$9,566,713
Other Revenue Adjustments
$-79,268
Total Revenue per Audited Statements
$15,357,365
Total Revenue per Form 990
$5,920,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,110,674
Other Expenses$1,453,454
Salaries, Compensation, and Employee Benefits$799,511
Total Fundraising Expense$249,458
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$3,110,674--$3,110,674
Other Salaries and Wages$245,993$4,349$92,474$342,816
Current Officers, Directors, Trustees, and Key Employees$91,345$225,122$13,607$330,074
Fees for Service Investment Mgmnt Fees-$208,896-$208,896
Office Expenses$116,154$28,242$3,700$148,096
Occupancy$64,092$30,696$14,724$109,512
Fees for Services Other$88,807$16,563$164$105,534
Insurance$82,491$8,798$6,866$98,155
Information Technology$66,261$14,674$7,566$88,501
Advertising--$84,221$84,221
Other Employee Benefits$47,002$1,127$12,262$60,391
Fees for Services Accounting-$59,774-$59,774
Fees for Services Legal-$53,153-$53,153
Payroll Taxes$26,978$16,661$8,578$52,217
Pension Plan Contributions$7,792$1,845$4,376$14,013
Travel$8,839$2,360$399$11,598
Depreciation Depletion-$7,263-$7,263
All Other Expenses$1,560$1,667$509$3,736
Other Expenses$2,857$2,120$12$2,857
Total Functional Expenses$4,419,296$694,885$249,458$5,363,639

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,363,639
Total Expenses per Audited Statements$5,234,011
Expenses per Audited Statements$5,154,743
Expenses Not Reported on Financial Statements$208,896
Expenses Not Reported on Form 990$79,268
International Activity

International Summary

Spending
$9,609,833

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments---$8,992,704
EuropeInvestments---$617,129
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$79,268
Fundraising Gross Income$31,267
Gaming Gross Income$212
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert$60,751$31,053$10,886$20,167
Total Events$60,751$31,053$74,473$-43,420
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$453,859
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared by a third party cpa who provides the form to the organization for review. The form 990 is distributed to the board of directors, who, along with the cfo review the form 990. Upon receiving approval, the cpa firm processes the return for signature and provides it to the organization for signature and filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Each officer and director receive the conflict of interest policy and compliance questionnaire annually. During the year, each director or officer is required to disclose to the president any financial interest when they become aware that a related contract, transaction or other relevant decision is under consideration or that such a financial interest has not been disclosed. Additionally, annually each director and officer shall complete and submit a conflict of interest disclosure form disclosing any actual or potential conflicts of interest. Any person deemed to have a conflict of interest is to abstain from voting on or otherwise participating in the matter under consideration.

Form 990, Page 6, Part VI, Line 15A

The organization uses a professional employer organization along with other outside resources as guidelines to determine commensurate salary ranges. The board approves the compensation and it is documented in the minutes.

Form 990, Page 6, Part VI, Line 15B

The organization uses a professional employer organization along with other outside resources as guidelines to determine commensurate salary ranges. The executive director in conjunction with the board of directors is the final hiring authority for all staff. The board approves the compensation and it is documented in the minutes.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflicts of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Masonic Home and School of Texas
EIN
75-1528075
Phone
8175031500
Address
1240 KELLER PARKWAY SUITE 200, KELLER, TX 76248

Signing Officer

Name
Tom Serfass
Title
CFO/CIO
Phone
8175031500
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Davis
Formed
1976
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
7
Volunteers
3,275

Preparer

Firm
Sommerville & Associates Pc
Address
2726 MATLOCK RD, ARLINGTON, TX 76015
Preparer
Elaine L Sommerville CPA
Phone
8177955046
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

All 3,275 volunteers were masons from across the state of texas.

Form 990, Page 2, Part III, Line 4D

Masonic home and school of texas promotes prevention of tooth decay in children by teaching them good dental habits and providing children the proper tools to keep their teeth healthy. During the 2023-2024 year, 152,970 texas children received free "prevent tooth decay" kits.

Form 990, Part V

The compensation reported on parts vii and ix is paid on behalf of the organization by an outside professional employee organization (peo). The organization reimburses the peo. Therefore, the filing organization does not have a requirement to file form 941 or form w-3.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment funds provide funding for charitable programs, scholarships, and operations.

Schedule D, Page 3, Part X

The organization is a nonprofit organization and is exempt from federal income taxes under section 501(c)(3) of the irc, except for net income derived from unrelated business activities, which is taxable to the organization. There was no unrelated business income reflected in the accompanying financial statements for the years ended june 30, 2024 and 2023. Fasb asc topic no. 740, income taxes, prescribes a comprehensive model for the financial statement recognition, measurement, presentation, and disclosure of uncertain tax positions. Management of the organization believes that it has not taken a tax position that, if challenged, would have a material effect on the organization's financial statements. The organization files form 990 in the united states federal jurisdiction. No tax returns are currently under examination by any tax authorities. As of june 30, 2024, the organization has not incurred any penalties or interest under fasb asc topic no. 740.

Schedule D, Page 4, Part XI, Line 4B

Special event expenses -79,268

Schedule D, Page 4, Part XII, Line 2D

Special events expenses 79,268

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0MASONIC HOME AND SCHOOL OF TEXAS PROVIDES FINANCIAL SUPPORT FOR THE CARE AND MAINTENANCE OF QUALIFIED APPLICANTS TO THIRD PARTY PROVIDERS INCLUDING, BUT NOT LIMITED TO, THE TEXAS MASONIC RETIREMENT CENTER IN ARLINGTON, TEXAS. THE ORGANIZATION FINANCIALLY SUPPORTED 6 WIDOWS DURING THE YEAR.
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IRS990/ProgSrvcAccomActy3Grp/Desc0MASONIC HOME AND SCHOOL OF TEXAS PARTNERS WITH CHILD STUDY CENTER IN FORT WORTH, TX AND THE UNIVERSITY OF HOUSTON, CLEAR LAKE, TO PROVIDE A FREE PARENT AUTISM TRAINING PROGRAM. EXPERTS AT THE CENTER PROVIDE PARENTS WITH VALUABLE TOOLS AND TECHNIQUES TO HELP THEIR CHILD LEARN NEW SKILLS DURING THIS TWO WEEK INTENSIVE PROGRAM. ALTHOUGH IT IS NOT A CURE FOR AUTISM, THE PROGRAM ADDRESSES SIGNIFICANT CHALLENGES CHILDREN WITH THE DISEASE FACE. FAMILIES HAVE SEEN A DRASTIC REDUCTION IN THEIR MOST CHALLENGING BEHAVIORS AFTER LEAVING THE CENTER. THROUGH OUR PARTNERSHIP, WE ARE HELPING FAMILIES LIVE BETTER LIVES DURING THE 2023-2024 YEAR, THE ORGANIZATION ASSISTED 114 FAMILIES.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0MASONIC HOME AND SCHOOL OF TEXAS PROMOTES PREVENTION OF TOOTH DECAY IN CHILDREN BY TEACHING THEM GOOD DENTAL HABITS AND PROVIDING CHILDREN THE PROPER TOOLS TO KEEP THEIR TEETH HEALTHY. DURING THE 2023-2024 YEAR, 152,970 TEXAS CHILDREN RECEIVED FREE "PREVENT TOOTH DECAY" KITS.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE MASONIC HOME AND SCHOOL OF TEXAS SHOULD QUALIFY AS A PUBLICLY SUPPORTED ORGANIZATION UNDER THE FACTS-AND-CIRCUMSTANCES TEST PRESCRIBED UNDER REGULATION SECTION 1.170A-9(E)(3). THE TOTAL AMOUNT OF GOVERNMENTAL AND PUBLIC SUPPORT RECEIVED IS IN EXCESS OF 10% OF THE TOTAL SUPPORT NORMALLY RECEIVED. THE MASONIC HOME AND SCHOOL OF TEXAS MAINTAINS AND IS DEVELOPING NEW BONA FIDE PROGRAMS FOR SOLICITATIONS OF FUNDS FROM THE GENERAL PUBLIC AND FROM ALUMNI OF ITS PROGRAMS. IN FISCAL YEAR ENDED 6/30/15, A PROFESSIONAL FUNDRAISING FIRM WAS ENGAGED TO ASSIST IN THIS EFFORT AND THEY CONTINUED THROUGH 6/30/17. AT THAT TIME, THE ORGANIZATION HIRED A DEVELOPMENT DIRECTOR TO ENGAGE IN FULLTIME FUNDRAISING. THE MASONIC HOME AND SCHOOL OF TEXAS PROVIDES SERVICES DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC, INCLUDING BUT NOT LIMITED TO, PROVIDING DENTAL EDUCATION AND TOOTH DECAY KITS TO 152,970 CHILDREN, PROVIDING FOR NEEDY AND QUALIFIED CHILDREN IN TEXAS WITH INFORMATION, REFERRAL, AND FINANCIAL SUPPORT FOR CHILD SERVICES TO NEARLY 1,500 CHILDREN, AND PROVIDING FINANCIAL SUPPORT FOR THE CARE AND MAINTENANCE OF WIDOWS DURING THE FISCAL YEAR ENDING JUNE 30, 2024. THE ORGANIZATION'S BOARD OF DIRECTORS IS REPRESENTATIVE OF BROAD PUBLIC INTERESTS, DIVERSE IN AGE, AREAS OF EXPERTISE AND PROFESSION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 18,165
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE MASONIC HOME AND SCHOOL OF TEXAS SHOULD QUALIFY AS A PUBLICLY SUPPORTED ORGANIZATION UNDER THE FACTS-AND-CIRCUMSTANCES TEST PRESCRIBED UNDER REGULATION SECTION 1.170A-9(E)(3). THE TOTAL AMOUNT OF GOVERNMENTAL AND PUBLIC SUPPORT RECEIVED IS IN EXCESS OF 10% OF THE TOTAL SUPPORT NORMALLY RECEIVED. THE MASONIC HOME AND SCHOOL OF TEXAS MAINTAINS AND IS DEVELOPING NEW BONA FIDE PROGRAMS FOR SOLICITATIONS OF FUNDS FROM THE GENERAL PUBLIC AND FROM ALUMNI OF ITS PROGRAMS. IN FISCAL YEAR ENDED 6/30/15, A PROFESSIONAL FUNDRAISING FIRM WAS ENGAGED TO ASSIST IN THIS EFFORT AND THEY CONTINUED THROUGH 6/30/17. AT THAT TIME, THE ORGANIZATION HIRED A DEVELOPMENT DIRECTOR TO ENGAGE IN FULLTIME FUNDRAISING. THE MASONIC HOME AND SCHOOL OF TEXAS PROVIDES SERVICES DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC, INCLUDING BUT NOT LIMITED TO, PROVIDING DENTAL EDUCATION AND TOOTH DECAY KITS TO 152,970 CHILDREN, PROVIDING FOR NEEDY AND QUALIFIED CHILDREN IN TEXAS WITH INFORMATION, REFERRAL, AND FINANCIAL SUPPORT FOR CHILD SERVICES TO NEARLY 1,500 CHILDREN, AND PROVIDING FINANCIAL SUPPORT FOR THE CARE AND MAINTENANCE OF WIDOWS DURING THE FISCAL YEAR ENDING JUNE 30, 2024. THE ORGANIZATION'S BOARD OF DIRECTORS IS REPRESENTATIVE OF BROAD PUBLIC INTERESTS, DIVERSE IN AGE, AREAS OF EXPERTISE AND PROFESSION.
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