Masonic Ascent Association Inc
- Assets
- $128.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-5249678
Organization Overview
Masonic Ascent Association Inc is located in Virginia Beach, VA. The organization was established in 2014. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Ascent Association Inc 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, Masonic Ascent Association Inc generated $23.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $23.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
AWARENESS OF ISSUES IN THE LOCAL COMMUNITY AND SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laverne Armstrong CEO & Chairman Of Board | 5 | $0 | |
Marshall Todman Secretary | 1 | $0 | |
Ernest Chandlar Treasurer | 1 | $0 | |
Edward Armstrong Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,313 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $23,313 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $18,201 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,062 |
| Total expenses | $23,263 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50 |
| Other assets | $0 |
| Total assets | $128,024 |
| Total liabilities | $265,000 |
| Net assets or fund balances | -$136,976 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ancient Free & Accepted Masons Of North Carolina Raleigh, NC | $44,515,601 | $8,678,233 |
Masonic Temple Association Of Lexington Lexington, KY | $2,312,779 | $4,567,232 |
National Concrete Masonry Associati Herndon, VA | $4,777,436 | $4,242,642 |
Ancient Egyptian Arabic Order Nobles Mystic Shrine Of N & S Amer Memphis, TN | $1,027,204 | $3,005,929 |
Oasis Shriners Charlotte, NC | $4,582,189 | $2,116,133 |
Fraternal Order Of Eagles Winchester, VA | $3,748,550 | $2,415,812 |
Grand Lodge Of Kentucky Free And Accepted Masons Louisville, KY | $14,214,526 | $2,084,454 |
Fraternal Order Of Eagles Fredericksburg, VA | $5,326,667 | $1,322,615 |
Boumi Shriners White Marsh, MD | $16,190,501 | $3,291,603 |
Oasis Shriners Group Return Charlotte, NC | $3,894,865 | $1,315,619 |
Kosair Shriners Louisville, KY | $8,893,467 | $972,982 |
Shriners International Knoxville, TN | $2,357,916 | $1,160,578 |