Free & Accepted Masons Of Vermont
- Assets
- $9.5m
- Revenue
- $853.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Barre, VT
- Founding
- 10/1940
- Data as of
- 04/2022
- 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 04/2022, 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 04/2022, Free & Accepted Masons Of Vermont generated $853.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $189.8k during the year ending 04/2022. 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
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
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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 |
James Stevens Grand Master | Officer | 1 | $0 |
William Karstens Grand Sr Warden | Officer | 1 | $0 |
Kirk White Grand Jr Warden | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $133,078 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,644 |
| Total Program Service Revenue | $900 |
| Investment income | $504,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200,001 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $853,010 |
| 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 | $35,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,280 |
| Advertising and promotion | $0 |
| Office expenses | $36,437 |
| Information technology | $6,519 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $368 |
| Insurance | $371 |
| All other expenses | $31,437 |
| Total functional expenses | $189,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,382 |
| Savings and temporary cash investments | $77,169 |
| 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 | $7,062 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,687 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,369,124 |
| Total assets | $9,534,424 |
| 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 | $30,859 |
| Total liabilities | $30,859 |
| Net assets without donor restrictions | $9,503,565 |
| 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 | $9,534,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Master Wardens And Members Of The Grand Lodge Of Masons In Massachus Boston, MA | $28,564,196 | $2,581,604 |
Free And Accepted Masons Of New York New York, NY | $18,901,469 | $2,949,286 |
Emblemhealth Inc New York, NY | $1,528,819 | -$630,046 |
Shriners International Wilmington, MA | $14,593,595 | $1,679,300 |
Operative Plasterers & Cement Masons International Association Boston, MA | $1,364,633 | $1,501,561 |
Assoc Of Knights & Ladies Of Equest Order Of Holy Sepulchre-Jerusalem New York, NY | $857,646 | $1,095,775 |
Master Wardens & Members Of The Grand Lodge Of Masons In Mass North Easton, MA | $5,504,312 | $298,031 |
New England Concrete Masonry Association Webster, MA | $405,053 | $257,088 |
Fraternal Order Of Eagles Depew, NY | $1,162,990 | $540,490 |
Delta Chi Housing Corporation At Cornell Ithaca, NY | $1,884,526 | $519,906 |
Free & Accepted Masons Of New Hampshire Grand Lodge Milford, NH | $4,832,753 | $878,573 |
Knights Inc Barre, VT | $27,952 | $0 |