Free & Accepted Masons Of Vermont
- Assets
- $9.6m
- Revenue
- $447.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Barre, VT
- Founding
- 10/1940
- Data as of
- 04/2023
- EIN
- 03-0123345
Organization Overview
Free & Accepted Masons Of Vermont is located in Barre, VT. The organization was established in 1940. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 04/2023, Free & Accepted Masons Of Vermont employed 2 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Free & Accepted Masons Of Vermont 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 04/2023, Free & Accepted Masons Of Vermont generated $447.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $221.7k during the year ending 04/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FREE & ACCEPTED MASONS OF VERMONT IS A DOMESTIC FRATERNAL SOCIETY OPERATING UNDER THE LODGE SYSTEM. DUES & ASSESSMENTS FROM MEMBERS SUPPORT THE CHARITABLE, EDUCATIONAL, AND FRATERNAL PURPOSES OF THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTEREST AND DIVIDENDS FROM INVESTMENTS ARE USED TO SUPPORT THE OPERATING COSTS OF THE STATE BROTHERHOOD
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Washburn Grand Secretary | Officer | 25 | $15,000 |
Paul Mosher Deputy Gnd Mstr | Officer | 1 | $0 |
Stuart Corso Grand Treasurer | Officer | 1 | $0 |
William Karstens Grand Sr Warden | Officer | 1 | $0 |
Kirk White Grand Jr Warden | Officer | 1 | $0 |
Theodore Michel Chairman | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $114,395 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,021 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,416 |
| Total Program Service Revenue | $900 |
| Investment income | $318,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,376 |
| 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. | $15,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,168 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $619 |
| Advertising and promotion | $0 |
| Office expenses | $22,636 |
| Information technology | $6,568 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,626 |
| Interest | $0 |
| Payments to affiliates | $31,721 |
| Depreciation, depletion, and amortization | $368 |
| Insurance | $5,823 |
| All other expenses | $10,563 |
| Total functional expenses | $221,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,681 |
| Savings and temporary cash investments | $62,428 |
| 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 | $13,922 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,439,304 |
| Total assets | $9,584,654 |
| 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 | $31,905 |
| Total liabilities | $31,905 |
| Net assets without donor restrictions | $9,552,749 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $9,584,654 |