Free & Accepted Masons Of Michigan
- Assets
- $46.4m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Alma, MI
- Founding
- 04/1941
- Data as of
- 12/2023
- EIN
- 23-7134320
Organization Overview
Free & Accepted Masons Of Michigan is located in Alma, MI. The organization was established in 1941. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Free & Accepted Masons Of Michigan 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 12/2023, Free & Accepted Masons Of Michigan generated $8.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2023. 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
THE MASONIC FRATERNITY OF MICHIGAN IS DEDICATED TO NURTURING A SUPPORTIVE ENVIRONMENT FOR PERSONAL AND MORAL DEVELOPMENT, PROMOTING FELLOWSHIP AND MUTUAL RESPECT AMONG MEMBERS, AND ACTIVELY SERVING OUR COMMUNITIES. WE COMMIT TO UPHOLDING THE PRINCIPLES OF FREEMASONRY - BORTHERLY LOVE, RELIEF, AND TRUTH - TO INSPIRE LEADERSHIP, CHARITY, AND INTEGRITY IN EVERY ASPECT OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNAL ORDER FOR THE BENEFIT OF MANKIND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene E Abbaticchio Rwdgm | OfficerTrustee | 15 | $0 |
David G Boring Rwgt | OfficerTrustee | 15 | $0 |
William R Finkel Rwgs | OfficerTrustee | 15 | $0 |
James D Huff Rwgt | OfficerTrustee | 15 | $0 |
Larry L Judson Mwgm | OfficerTrustee | 15 | $0 |
William J Sauget Rwsgw | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,452,931 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $832,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,285,483 |
| Total Program Service Revenue | $570,422 |
| Investment income | $2,011,986 |
| 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 | $8,390,520 |
| 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 | $139,622 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $98,034 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $846,044 |
| Fees for services: Other | $137,263 |
| Advertising and promotion | $0 |
| Office expenses | $136,466 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,210,110 |
| 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 | $655,070 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $190,819 |
| Total functional expenses | $5,582,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,077,691 |
| Savings and temporary cash investments | $1,736,402 |
| 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 | $1,419,969 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $40,181,843 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,415,905 |
| 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 | $46,415,905 |
| 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 | $46,415,905 |