Masonic Temple Association
- Assets
- $547.6k
- Revenue
- $256.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Erie, PA
- Founding
- 05/1975
- Data as of
- 12/2021
- EIN
- 25-0643270
Organization Overview
Masonic Temple Association is located in Erie, PA. The organization was established in 1975. 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, Masonic Temple Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Temple Association 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, Masonic Temple Association generated $256.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $248.0k during the year ending 12/2021. 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
HOLDING REAL ESTATE UNDER 501C(2)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS REAL ESTATE FOR THE BENEFIT OF OTHER NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damian Kuzmin President | OfficerTrustee | 2 | $0 |
Matthew Lasher Treasurer | OfficerTrustee | 2 | $0 |
Aaron Mathers Secretary | OfficerTrustee | 2 | $0 |
Peter Kraus Director | OfficerTrustee | 2 | $0 |
Adam Barner Director | Trustee | 2 | $0 |
Dennis Carlson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,420 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,466 |
| Total Program Service Revenue | $125,898 |
| Investment income | $62 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,550 |
| 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 | $256,219 |
| 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 | $26,465 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,367 |
| Fees for services: Management | $20,374 |
| Fees for services: Legal | $462 |
| Fees for services: Accounting | $2,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $340 |
| Office expenses | $665 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,143 |
| Travel | $958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,094 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,583 |
| Insurance | $22,013 |
| All other expenses | $2,223 |
| Total functional expenses | $247,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,042 |
| Savings and temporary cash investments | $19,831 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,924 |
| 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 | $455,623 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,562 |
| Other assets | $590 |
| Total assets | $547,572 |
| Accounts payable and accrued expenses | $8,079 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $100,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $228,895 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,607 |
| Total liabilities | $358,581 |
| Net assets without donor restrictions | $0 |
| 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 | $188,991 |
| Total liabilities and net assets/fund balances | $547,572 |
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|---|---|---|
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