Ancient Free & Accepted Masons Of Iowa
- Assets
- $9.1m
- Revenue
- $1.7m
- Investments
- $8.2m
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 10/1941
- Data as of
- 07/2022
- EIN
- 42-0280080
Organization Overview
Ancient Free & Accepted Masons Of Iowa is located in Cedar Rapids, IA. 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 parent organization of an affiliated group for tax-exemption purposes. Ancient Free & Accepted Masons Of Iowa 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 07/2022, Ancient Free & Accepted Masons Of Iowa generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.1m during the year ending 07/2022. While expenses have increased by 2.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT FRATERNAL, EDUCATIONAL, AND CHARITABLE ACTIVITIES AND TO PROVIDESTUDENT SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNAL ACTIVITIES - SUPPORT VARIOUS MASONIC LODGES THROUGHOUT THE STATE
EDUCATIONAL ACTIVITIES - LIBRARY AND MUSEUMS - OPERATE THE IOWA MASONICLIBRARY AND MUSEUMSSCHOLARSHIPS - PROVIDE COLLEGE SCHOLARSHIPS TO DESERVING IOWA HIGH SCHOOLSENIORS
CHARITABLE ACTIVITIES - SUPPORT NURSING HOMES, HELP NEEDY FAMILIES, ANDPROVIDE FINANCIAL RELIEF FOR NATURAL DISASTERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig L Davis Grand Secretary | Officer | 40 | $73,520 |
William K Paisley Grand Treasurer | Officer | 1 | $31,612 |
Robert H Erickson Trustee | OfficerTrustee | 1 | $0 |
Darrell G Fremont Deputy Grand Secretary | Officer | 40 | $0 |
William W Post Grand Master | Officer | 10 | $0 |
Eric Rozeboom Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,311 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,311 |
| Total Program Service Revenue | $577,733 |
| Investment income | $270,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,631 |
| Net Gain/Loss on Asset Sales | $647,587 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,661,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,019 |
| 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. | $105,132 |
| Compensation of current officers, directors, key employees. | $105,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,024 |
| Payroll taxes | $29,565 |
| Fees for services: Management | $13,642 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,010 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $64,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $44,023 |
| All other expenses | $61,465 |
| Total functional expenses | $1,142,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $584,434 |
| Savings and temporary cash investments | $274,157 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,231,249 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,089,840 |
| 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 | $7,976,537 |
| Net assets with donor restrictions | $1,113,303 |
| 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 | $9,089,840 |
Grants Awarded
Over the last fiscal year, Ancient Free & Accepted Masons Of Iowa has awarded $21,495 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Perry, IA PURPOSE: ROWLEY MEMORIAL HOME | $13,027 |
Bettendorf, IA PURPOSE: HEALTH CARE FACILITI | $8,468 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ancient Free & Accepted Masons Of Iowa has recieved totaling $132,072.
| Awarding Organization | Amount |
|---|---|
Masonic Service Association Education Department Cedar Rapids, IA PURPOSE: Disaster relief | $132,072 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Cement Masons Plasterers Shophands 633 Local Vacation Svgs Mendota Heights, MN | $3,256,862 | $3,990,650 |
Servco-Aer Employees Health And Welfare Benefit Tr Madison, WI | $3,372,592 | $2,384,758 |
Cement Masons Union Local 502 Bellwood, IL | $5,592,498 | $2,020,391 |
Ancient Free & Accepted Masons Of Illinois Springfield, IL | $22,709,739 | $1,560,369 |
Ancient Free & Accepted Masons Of Iowa Cedar Rapids, IA | $9,089,840 | $1,661,823 |
Shriners International St Louis, MO | $4,009,545 | $872,837 |
Medinah Shriners Addison, IL | $10,723,962 | $857,016 |
Fraternal Order Of Eagles Farmington, MN | $745,275 | $1,129,481 |
Minnesota Cement Masons Plasterers Shophands Local 633 Journeyman New Brighton, MN | $1,108,230 | $976,361 |
Ancient Free & Accepted Masons Of Minnesota Grand Lodge Bloomington, MN | $9,278,719 | $1,143,125 |
Tangier Shriners Omaha, NE | $7,416,163 | $982,178 |
Fraternal Order Of Eagles Owatonna, MN | $1,687,083 | $834,086 |