Ancient Free & Accepted Masons Of Iowa
- Assets
- $9.4m
- Revenue
- $1.6m
- Investments
- $8.5m
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 10/1941
- Data as of
- 07/2023
- 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 07/2023, Ancient Free & Accepted Masons Of Iowa generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.3m during the year ending 07/2023. While expenses have increased by 3.8% per year over the past 8 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
2023
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Erickson Trustee | OfficerTrustee | 1 | $0 |
Eric Rozeboom Trustee | Trustee | 1 | $0 |
Craig L Davis Grand Secretary | Officer | 40 | $77,085 |
William K Paisley Grand Treasurer | Officer | 1 | $0 |
Darrell G Fremont Deputy Grand Secretary | Officer | 40 | $29,833 |
Theodore Wiley Grand Master | Officer | 10 | $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 | $311,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,450 |
| Total Program Service Revenue | $660,699 |
| Investment income | $287,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,165 |
| Net Gain/Loss on Asset Sales | $298,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,609,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,382 |
| 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. | $106,918 |
| Compensation of current officers, directors, key employees. | $106,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,926 |
| Pension plan accruals and contributions | $12,005 |
| Other employee benefits | $36,840 |
| Payroll taxes | $28,746 |
| Fees for services: Management | $13,637 |
| 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 | $65,883 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $71,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,641 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $47,123 |
| All other expenses | $66,296 |
| Total functional expenses | $1,314,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,854 |
| Savings and temporary cash investments | $520,220 |
| 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 | $8,471,168 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,384,242 |
| 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 | $8,173,504 |
| Net assets with donor restrictions | $1,210,738 |
| 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 | $9,384,242 |
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 |
|---|---|
HERMAN L ROWLEY MEMORIAL TRUST PURPOSE: ROWLEY MEMORIAL HOME | $13,027 |
IOWA MASONIC HEALTH FACILITIES PURPOSE: HEALTH CARE FACILITI | $8,468 |