York Rite Sovereign College Of North America
- Assets
- $2.3m
- Revenue
- $300.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Denton, NC
- Founding
- 01/1959
- Data as of
- 05/2022
- EIN
- 23-7044124
Organization Overview
York Rite Sovereign College Of North America is located in Denton, NC. The organization was established in 1959. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. York Rite Sovereign College Of North America 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 05/2022, York Rite Sovereign College Of North America generated $300.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $295.8k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSES OF THE YORK RITE SOVEREIGN COLLEGE OF NORTH AMERICA ARE:TO FOSTER A SPIRIT OF COOPERATION AND COORDINATION AMONG EACH OF THE BODIES OF YORK RITE MASONRY.TO ASSIST IN WORTHY EFFORTS TO IMPROVE THE RITUALISTIC AND DRAMATIC PRESENTATION OF YORK RITE WORK.TO CONDUCT AN EDUCATION PROGRAM IN ORDER TO INCULCATE A GREATER APPRECIATION OF THE PRINICPLES, IDEALS AND PROGRAMS OF YORK RITE MASONRY.TO STREGHTEN YORK RITE MASONRY IN EVERY POSSIBLE MANNER.TO BUILD UP A LOVE OF COUNTRY AND TO AID AND SUPPORT GENUINE PATRIOTISM.TO REWARD OUTSTANDING SERVICE TO YORK RITE MASONRY BY AWARDS, HONORS AND OTHER METHODS OF PROPER RECOGNITION.TO SUPPORT CHARITABLE AND BENEVOLENT ENDEAVORS OF FREEMASONRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Berry Rigdon Regent | Trustee | 2 | $0 |
James E Winzenreid Regent | Trustee | 1 | $0 |
James W Patton Regent | Trustee | 3 | $0 |
Joe R Manning Jr Regent | Trustee | 1 | $0 |
Allen Surratt Regent | Trustee | 20 | $0 |
William J Riggs Regent | 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 | $279,951 |
| Investment income | $2,166 |
| 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 | $300,427 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $350 |
| Office expenses | $18,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,006 |
| 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 | $702 |
| All other expenses | $28,606 |
| Total functional expenses | $295,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $790,282 |
| Savings and temporary cash investments | $261,569 |
| 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 | $1,212,824 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,264,675 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,264,675 |
| 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 | $2,264,675 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |
Bridgewater College Bridgewater, VA | $220,158,848 | $86,618,271 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hampden-Sydney College Hampdensydney, VA | $332,900,116 | $118,845,969 |
Oglethorpe University Inc Atlanta, GA | $134,446,425 | $78,800,641 |
Virginia Wesleyan University Virginia Beach, VA | $159,824,749 | $67,002,662 |
Claflin University Orangeburg, SC | $159,550,066 | $90,488,927 |
Emory & Henry College Emory, VA | $275,319,124 | $70,928,101 |
Catawba College Salisbury, NC | $404,243,208 | $275,797,439 |
Benedict College Columbia, SC | $122,453,279 | $61,010,211 |