Ancient Free & Accepted Masons Of Maryland Grand Lodge
- Assets
- $153.3m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 14
- Location
- Cockeysville, MD
- Founding
- 07/1940
- Data as of
- 12/2022
- EIN
- 52-0226260
Organization Overview
Ancient Free & Accepted Masons Of Maryland Grand Lodge is located in Cockeysville, MD. The organization was established in 1940. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Ancient Free & Accepted Masons Of Maryland Grand Lodge employed 14 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Ancient Free & Accepted Masons Of Maryland Grand Lodge is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2022, Ancient Free & Accepted Masons Of Maryland Grand Lodge generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $14.8m during the year ending 12/2022. 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
FRATERNAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND OPERATIONS OF MASONIC TEMPLE, DIRECTION AND COORDINATION OF SUBORDINATE LODGE ACTIVITIES, MAINTAIN MEMBERSHIP RECORDS AND HOLD MEMBER MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick A Spicer Grand Master | OfficerTrustee | 4 | $0 |
Randall L Watson Deputy Grand Master | OfficerTrustee | 4 | $0 |
Kenneth R Taylor Grand Secretary | OfficerTrustee | 40 | $67,894 |
T Scott Cushing Sr Grand Treasurer | OfficerTrustee | 4 | $13,000 |
Earle Benson Trustee | Trustee | 4 | $0 |
Arthur R Dickerson Jr Trustee | Trustee | 4 | $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 | $1,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,730 |
| Total Program Service Revenue | $421,582 |
| Investment income | $5,446,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,057,741 |
| Net Gain/Loss on Asset Sales | -$1,081,826 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,227,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,078,621 |
| 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. | $208,243 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $492,206 |
| Pension plan accruals and contributions | $9,741 |
| Other employee benefits | $90,010 |
| Payroll taxes | $54,641 |
| Fees for services: Management | $178,826 |
| 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 | $515,279 |
| Fees for services: Other | $111,022 |
| Advertising and promotion | $49,130 |
| Office expenses | $142,570 |
| Information technology | $33,944 |
| Royalties | $0 |
| Occupancy | $450,260 |
| Travel | $44,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,853 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,145,332 |
| Insurance | $102,708 |
| All other expenses | $0 |
| Total functional expenses | $14,763,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,099 |
| Savings and temporary cash investments | $5,245,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $240,092 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $88,200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $48,544 |
| Net Land, buildings, and equipment | $14,428,047 |
| Investments—publicly traded securities | $131,108,907 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,693,567 |
| Total assets | $153,263,447 |
| Accounts payable and accrued expenses | $158,388 |
| Grants payable | $0 |
| Deferred revenue | $6,725 |
| 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 | $445,478 |
| Total liabilities | $610,591 |
| Net assets without donor restrictions | $141,187,573 |
| Net assets with donor restrictions | $11,465,283 |
| 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 | $153,263,447 |