Ancient Accepted Scottish Rite Of Freemasonry Nmj
- Assets
- $1.7m
- Revenue
- $110.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Kents Hill, ME
- Founding
- 12/1940
- Data as of
- 12/2022
- EIN
- 01-0378060
Organization Overview
Ancient Accepted Scottish Rite Of Freemasonry Nmj, operating under the name Valley Of Augusta, is located in Kents Hill, ME. The organization was established in 1940. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Valley Of Augusta employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Valley Of Augusta is a 501(c)(10) and as such, is described as a "Domestic Fraternal Society and/or Association" by the IRS.
For the year ending 12/2022, Valley Of Augusta generated $110.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $55.7k during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE AND MORAL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED DONATIONS TO LOCAL ORGANIZATIONS AS FOLLOWS:MASONIC SERVICES ASSOC.OF NORTH AMERICA- TOGUS VETERANS$2800;BANGOR DYSLEXIA & CHILDRENS CENTER $5000; PORTLAND DYSLEXIA CENTER 5000;DIRIGO ROOF 104 PROJECT $ 1700; COMMUNITY OUTREACH FUNCTIONS FOR FAMILY LIFE & SCHOLARSHIPS $3970; CEREMONIES AND LECTURES IN THE MASONIC DEGREES STRESS HIGH MORAL VALUES AND CIVIC RESPONSIBILITY WHICH RESULT IN A POSITIVE AND FAVORABLE INFLUENCE OVER A THOUSAND FAMILIES IN OUR JURISDICTION. PUBLIC CEREMONIES PROMOTING TOLERANCE AND BROTHERHOOD THE ADMINISTRATION AND EXECUTION OF WHICH IS PROVIDED GRATIS. SUPPORTED AND CONTRIBUTED TO THE WORK OF THE PARENT BODIES CHARITABLE FOUNDATION THROUGHOUT THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Smith Secretary & V.chair 15th Degree | Officer | 12 | $5,356 |
Daniel Cronin Treasurer | Officer | 12 | $4,120 |
Gerald Gilman President | Officer | 2 | $0 |
Ed Brownell 15th Degree Princes Of Jerusalem | Officer | 2 | $0 |
Gary Gilman 18th Degree Emeth Chapter Of Rose Croix | Officer | 2 | $0 |
Gerald W Gilman 4th Degree Chair Kennebec Lodge Of Perfection | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,966 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,847 |
| Total Program Service Revenue | $0 |
| Investment income | $58,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,203 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $9,476 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $280 |
| All other expenses | $3,301 |
| Total functional expenses | $55,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $25,304 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,630,014 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,671 |
| Total assets | $1,726,089 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $233 |
| Total liabilities | $233 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,725,856 |
| Total liabilities and net assets/fund balances | $1,726,089 |