Ancient Accepted Scottish Rite Of Free Masonry Nmj
- Assets
- $4.7m
- Revenue
- $250.4k
- Investments
- $520.0k
- Employees
- 2
- Location
- Canton, OH
- Founding
- 12/1940
- Data as of
- 12/2023
- EIN
- 34-0067735
Organization Overview
Ancient Accepted Scottish Rite Of Free Masonry Nmj, operating under the name Aasr-Valley Of Canton, is located in Canton, OH. 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. As of 12/2023, Aasr-Valley Of Canton employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aasr-Valley Of Canton 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, Aasr-Valley Of Canton generated $250.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $298.9k 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
STRENGTHEN MASONIC WAY OF LIFE BY IMPROVING INDIVIDUAL CHARACTER,LEADERSHIP,AND SPIRIT OF ITS MEMBERS THROUGH RELEVANT PROGRAMS. INSPIRE MEN TO SUPPORT PRINCIPLES OF FREEMASONRY. PROMOTE FAMILY/COMMUNITY VALUES. SERVE THROUGH IMPACT OF CHARITABLE OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRENGTHEN MASONIC WAY OF LIFE BY IMPROVING INDIVIDUAL CHARACTER,LEADERSHIP,AND SPIRIT OF ITS MEMBERS THROUGH RELEVANT PROGRAMS. INSPIRE MEN TO SUPPORT PRINCIPLES OF FREEMASONRY. PROMOTE FAMILY/COMMUNITY VALUES. SERVE THROUGH IMPACT OF CHARITABLE OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Rhodes Trustee | Trustee | 1 | $0 |
Stephen Warren Trustee | Trustee | 1 | $0 |
Michael Lengler Trustee Vice Chairman | Trustee | 1 | $0 |
David Hopkins Trustee Chairman | Trustee | 1 | $0 |
Dan Schario Officer | Officer | 1 | $0 |
Joe Fye Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $81,135 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,486 |
| Total Program Service Revenue | $0 |
| Investment income | $68,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,750 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,504 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,100 |
| Compensation of current officers, directors, key employees. | $28,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,033 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,948 |
| Information technology | $119 |
| Royalties | $0 |
| Occupancy | $48,216 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,173 |
| Interest | $19 |
| Payments to affiliates | $39,363 |
| Depreciation, depletion, and amortization | $1,973 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $298,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,545 |
| Savings and temporary cash investments | $125,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,735 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $499,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,627 |
| Investments—publicly traded securities | $3,435,883 |
| Investments—other securities | $520,049 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,702,249 |
| Accounts payable and accrued expenses | $1,060 |
| Grants payable | $0 |
| Deferred revenue | $122,170 |
| 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 | $17,368 |
| Total liabilities | $140,598 |
| Net assets without donor restrictions | $3,087,338 |
| Net assets with donor restrictions | $1,474,313 |
| 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 | $4,702,249 |