Free & Accepted Masons Grand Lodge Of Rhode Island

Organization Overview

Free & Accepted Masons Grand Lodge Of Rhode Island is located in East Providence, RI. The organization was established in 1942. 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 05/2022, Free & Accepted Masons Grand Lodge Of Rhode Island employed 6 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Free & Accepted Masons Grand Lodge Of Rhode Island is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.

For the year ending 05/2022, Free & Accepted Masons Grand Lodge Of Rhode Island generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $974.8k during the year ending 05/2022. While expenses have increased by 1.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FRATERNAL AND CIVIC SERVICE TO THE COMMUNITY AND ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO SUPPORT AND ASSIST RHODE ISLAND DEMOLAY AND RAINBOW ORGANIZATIONS.


TO SUPPORT AND ASSIST RHODE ISLAND MASONIC YOUTH FOUNDATION.


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Board, Officers & Key Employees

Name (title)Compensation
Ronald P Reed
Grand Secret
$25,450
Michael J Barboza CPA
Grand Treasu
$24,150
Robert Palazzo
Deputy Grand
$0
Douglas Grant
Senior Grand
$0
Andre H Faria
Junior Grand
$0
Merrill Torgan Jr
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$118,207
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,075
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$120,282
Total Program Service Revenue$531
Investment income $402,841
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $39,900
Net Gain/Loss on Asset Sales $917,677
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,680,213

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Free & Accepted Masons Grand Lodge Of Rhode Island has recieved totaling $6,626.

Awarding OrganizationAmount
The Rhode Island Community Foundation

Providence, RI

PURPOSE: FRATERNAL SOCIETY

$6,626
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,662,971
Earnings$1,303,089
Admin Expense$99,985
Net Contributions$59
Other Expense$575,000
Grants$111,698
Ending Balance$10,179,436

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