Newton Masonic Associates Inc
- Assets
- $597.5k
- Revenue
- $126.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Newtonville, MA
- Founding
- 10/1943
- Data as of
- 12/2021
- EIN
- 04-1670894
Organization Overview
Newton Masonic Associates Inc is located in Newtonville, MA. The organization was established in 1943. 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 12/2021, Newton Masonic Associates Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton Masonic Associates Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Newton Masonic Associates Inc generated $126.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $124.1k during the year ending 12/2021. While expenses have increased by 11.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN BUILDING FOR MEETINGS AND ACTIVITIES OF FRATERNAL FELLOWSHIP OF MASONIC ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN BUILDING FOR MEETINGS AND ACTIVITIES OF FRATERNAL FELLOWSHIP OF MASONIC ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Jingozian Treasurer | OfficerTrustee | 5 | $12,000 |
Kenneth Brown President And Dir | OfficerTrustee | 12 | $0 |
Russell W Wolf Clerk And Director | OfficerTrustee | 4 | $0 |
Joseph Manzo Assistant Treasurer | OfficerTrustee | 5 | $0 |
Robert Goldstein Director | Trustee | 1 | $0 |
Mark Collins Sr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $37,200 |
| Investment income | $54,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,309 |
| 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 | $126,391 |
| 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 | $0 |
| Other salaries and wages | $35,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,320 |
| Fees for services: Accounting | $1,500 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,145 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,237 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $124,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,049 |
| Savings and temporary cash investments | $1,945 |
| 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 | $176,587 |
| Investments—publicly traded securities | $370,905 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $597,486 |
| Accounts payable and accrued expenses | $4,848 |
| 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 | $52,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,217 |
| Total liabilities | $65,565 |
| Net assets without donor restrictions | $531,921 |
| 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 | $597,486 |
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|---|---|---|
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Ancient Free & Accepted Masons Of Connecticut Grand Lodge Wallingford, CT | $3,696,624 | $828,921 |
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 |