Hastings Masonic Temple Association
- Assets
- $2.2m
- Revenue
- $143.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Hastings, NE
- Founding
- 10/1935
- Data as of
- 04/2024
- EIN
- 47-0185276
Organization Overview
Hastings Masonic Temple Association is located in Hastings, NE. The organization was established in 1935. 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. As of 04/2024, Hastings Masonic Temple Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hastings Masonic Temple Association is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 04/2024, Hastings Masonic Temple Association generated $143.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $161.5k during the year ending 04/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND MAINTAIN THE MASONIC TEMPLE IN HASTINGS, NE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE AND MAINTAIN THE MASONIC TEMPLE IN HASTINGS, NE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Phillip Odom Sec/treas | Trustee | 20 | $5,203 |
Mike Small President | OfficerTrustee | 10 | $3,874 |
Mike Anderson Board Member | Trustee | 2 | $0 |
Vickie Summers Board Member | OfficerTrustee | 5 | $0 |
Bill Taylor Board Member | Trustee | 2 | $0 |
Wihlma Price Vice President | OfficerTrustee | 2 | $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 | $2,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,512 |
| Total Program Service Revenue | $68,471 |
| Investment income | $57,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,060 |
| Net Income from Fundraising Events | $1,935 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $9,771 |
| 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 | $2,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,773 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,941 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,023 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,952 |
| Payments to affiliates | $10,263 |
| Depreciation, depletion, and amortization | $23,893 |
| Insurance | $13,895 |
| All other expenses | $0 |
| Total functional expenses | $161,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,761 |
| Savings and temporary cash investments | $18,621 |
| 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 | $712,596 |
| Investments—publicly traded securities | $1,359,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,000 |
| Total assets | $2,218,204 |
| 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 | $292,304 |
| Total liabilities | $292,304 |
| Net assets without donor restrictions | $1,048,133 |
| Net assets with donor restrictions | $877,767 |
| 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 | $2,218,204 |