Ancient & Accepted Scottish Rite Of Free Masonry Southern
- Assets
- $3.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Memphis, TN
- Founding
- 04/1964
- Data as of
- 06/2023
- EIN
- 53-0141525
Organization Overview
Ancient & Accepted Scottish Rite Of Free Masonry Southern is located in Memphis, TN. The organization was established in 1964. 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 06/2023, Ancient & Accepted Scottish Rite Of Free Masonry Southern employed 17 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Ancient & Accepted Scottish Rite Of Free Masonry Southern 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 06/2023, Ancient & Accepted Scottish Rite Of Free Masonry Southern generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 6 years. 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 PROMOTE THE WELFARE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xl Butler Grand Min. O | Officer | $0 | |
Walter Gulley Grand Audito | Officer | $0 | |
Alonzo Haynes Grand Chance | Officer | $0 | |
Ken Collins II Grand Secret | Officer | $0 | |
Robert Jemerson Grand Prior | Officer | $0 | |
Maurice Lucas Grand Treasu | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $981,586 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,006 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,040,592 |
| Total Program Service Revenue | $403,211 |
| Investment income | $24,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,862 |
| Net Gain/Loss on Asset Sales | -$226,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,267,537 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $341,642 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,957 |
| Payroll taxes | $32,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,550 |
| Advertising and promotion | $0 |
| Office expenses | $234,427 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,290 |
| Travel | $439,622 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,231 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,438 |
| Insurance | $16,866 |
| All other expenses | $13,420 |
| Total functional expenses | $1,632,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $914,159 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $294,000 |
| Prepaid expenses and deferred charges | $53,714 |
| Net Land, buildings, and equipment | $2,387 |
| Investments—publicly traded securities | $1,743,275 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $501,106 |
| Total assets | $3,514,549 |
| Accounts payable and accrued expenses | $66,656 |
| Grants payable | $0 |
| Deferred revenue | $464,085 |
| 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 | $815,291 |
| Total liabilities | $1,346,032 |
| Net assets without donor restrictions | $2,168,517 |
| Net assets with donor restrictions | $0 |
| 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 | $3,514,549 |