Ancient & Accepted Scottish Rite Of Free Masonry Southern Jurisdiction
- Assets
- $2.5m
- Revenue
- $74.2k
- Investments
- $125.2k
- Employees
- 1
- Location
- Gulfport, MS
- Founding
- 09/1940
- Data as of
- 12/2023
- EIN
- 23-7144217
Organization Overview
Ancient & Accepted Scottish Rite Of Free Masonry Southern Jurisdiction is located in Gulfport, MS. The organization was established in 1940. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ancient & Accepted Scottish Rite Of Free Masonry Southern Jurisdiction 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, Ancient & Accepted Scottish Rite Of Free Masonry Southern Jurisdiction generated $74.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (38.4%) each year. All expenses for the organization totaled $144.4k 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
TO OPERATE AS A FRATERNAL ORGANIZATION UNDER THE LODGE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES AS A FRATERNAL ORGANIZATION. THE ORGANIZATION HOLDS EXECUTIVE MEETINGS, CONDUCTS THE BUSINESS AFFAIRS OF THE LODGE, AND HOLDS BANQUETS, REUNIONS, MEETINGS, AND OTHER EVENTS INVOLVING LODGE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Baker Personal Representative | Trustee | 2 | $0 |
James M Foster Representative | Trustee | 2 | $0 |
James A Case Secretary | OfficerTrustee | 20 | $8,400 |
James A Graham III Treasurer | OfficerTrustee | 2 | $0 |
Johnny C Wolfe Representative | Trustee | 2 | $0 |
Frank E Brewer Representative | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,466 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,574 |
| Total Program Service Revenue | $1,198 |
| Investment income | $27,034 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$268 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,547 |
| 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. | $8,400 |
| 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 | $701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $289 |
| Advertising and promotion | $0 |
| Office expenses | $7,305 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,039 |
| 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 | $14,352 |
| Depreciation, depletion, and amortization | $46,238 |
| Insurance | $24,186 |
| All other expenses | $292 |
| Total functional expenses | $144,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,892 |
| Savings and temporary cash investments | $8,460 |
| 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 | $3,213 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,696,040 |
| Investments—publicly traded securities | $700,861 |
| Investments—other securities | $125,244 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100 |
| Total assets | $2,542,810 |
| Accounts payable and accrued expenses | $191 |
| 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 | $191 |
| Net assets without donor restrictions | $2,542,619 |
| 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 | $2,542,810 |