Ancient Free & Accepted Masons Of Minnesota
- Assets
- $802.0k
- Revenue
- $133.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1941
- Data as of
- 12/2021
- EIN
- 41-0123097
Organization Overview
Ancient Free & Accepted Masons Of Minnesota is located in Minneapolis, MN. The organization was established in 1941. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ancient Free & Accepted Masons Of Minnesota 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 12/2021, Ancient Free & Accepted Masons Of Minnesota generated $133.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $101.3k during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
FRATERNAL MASONIC LODGE THAT GRANTS POST-SECONDARY EDUCATION SCHOLARSHIPS AND PROVIDES FINANCIAL SUPPORT TO COMMUNITY NONPROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A BIKES FOR BOOKS PROGRAM WITH A LOCAL ELEMENTARY SCHOOL
MISCELLANEOUS
S CHOLARSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Erickson Master | OfficerTrustee | $0 | |
Dan Zeller Senior Warde | OfficerTrustee | $0 | |
Drew Potter Junior Warde | OfficerTrustee | $0 | |
Gavin Keogh Secretary | OfficerTrustee | $0 | |
Steve Anderson Treasurer | OfficerTrustee | $0 | |
Matt Capelle Senior Deaco | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,448 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,611 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,059 |
| Total Program Service Revenue | $3,492 |
| Investment income | $11,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,110 |
| Net Income from Fundraising Events | $4,978 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $133,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,327 |
| Grants and other assistance to domestic individuals. | $16,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,600 |
| 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 | $4,576 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,449 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,900 |
| 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 | $13,616 |
| Depreciation, depletion, and amortization | $5,127 |
| Insurance | $0 |
| All other expenses | $2,551 |
| Total functional expenses | $101,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,149 |
| Savings and temporary cash investments | $0 |
| 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 | $1,507 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $113,977 |
| Investments—publicly traded securities | $659,362 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $801,995 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $17,950 |
| 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 | $1,985 |
| Total liabilities | $19,935 |
| Net assets without donor restrictions | $782,060 |
| 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 | $801,995 |
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