George Washington Masonic National Memorial Association Inc
- Assets
- $22.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 08/1928
- Data as of
- 12/2021
- EIN
- 54-0545202
Organization Overview
George Washington Masonic National Memorial Association Inc is located in Alexandria, VA. The organization was established in 1928. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Washington Masonic National Memorial Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, George Washington Masonic National Memorial Association Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND OPERATION OF MEMORIAL MUSEUM AND EXEMPT ACTIVITIES OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George D Seghers Executive Director | OfficerTrustee | 55 | $190,430 |
Scott A Thomas Third Vice President | OfficerTrustee | 0.7 | $0 |
Claire V Tusch President (from 2/2021) | OfficerTrustee | 0.7 | $0 |
Kenneth G Nagel First Vice President | OfficerTrustee | 0.7 | $0 |
Thomas K Sturgeon Second Vice President | OfficerTrustee | 0.4 | $0 |
J F Webb President (until 2/2021) | OfficerTrustee | 0.7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mca Construction Inc Repairs | 12/30/19 | $116,158 |
Hibernia Masonry Llc Repairs | 12/30/19 | $321,716 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $330,512 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,215 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,600,760 |
| Noncash contributions included in lines 1a–1f | $55,754 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,081,487 |
| Total Program Service Revenue | $0 |
| Investment income | $187,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $513,718 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,980,400 |
| 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. | $197,754 |
| Compensation of current officers, directors, key employees. | $19,775 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $594,758 |
| Pension plan accruals and contributions | $16,843 |
| Other employee benefits | $48,967 |
| Payroll taxes | $67,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,292 |
| Fees for services: Accounting | $60,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,200 |
| Advertising and promotion | $13,547 |
| Office expenses | $130,389 |
| Information technology | $66,223 |
| Royalties | $0 |
| Occupancy | $400,669 |
| Travel | $63,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,329 |
| Interest | $47,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $369,563 |
| Insurance | $89,174 |
| All other expenses | $0 |
| Total functional expenses | $2,325,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,477 |
| Savings and temporary cash investments | $117,042 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,771 |
| 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 | $62,189 |
| Net Land, buildings, and equipment | $11,070,487 |
| Investments—publicly traded securities | $10,797,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $22,574,581 |
| Accounts payable and accrued expenses | $132,036 |
| Grants payable | $0 |
| Deferred revenue | $83,777 |
| 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 | $1,192,336 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,827 |
| Total liabilities | $1,409,976 |
| Net assets without donor restrictions | $16,835,589 |
| Net assets with donor restrictions | $4,329,016 |
| 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 | $22,574,581 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that George Washington Masonic National Memorial Association Inc has recieved totaling $222,154.
| Awarding Organization | Amount |
|---|---|
Masonic Charities Fund Elizabethtown, PA PURPOSE: CONTRIBUTION | $70,700 |
Royal Order Of Scotland Provincial Belle Vernon, PA PURPOSE: EDUCATION | $30,000 |
Ancient Free & Accepted Masons Of North Carolina Grand Lodge Raleigh, NC PURPOSE: SUPPORTED ORGANIZATION | $28,250 |
Grand Lodge A F & A M Of Va Richmond, VA PURPOSE: GENERAL OPERATIONS | $22,278 |
Masonic Education And Charity Trust Boston, MA PURPOSE: TO FUND VARIOUS PROGRAMS AND PROVIDE FINANCIAL ASSISTANCE | $21,000 |
Masonic Charity Foundation Of Oklahoma Edmond, OK PURPOSE: SUPPORT OF THE GEORGE WASHINGTON MASONIC NATIONAL MUSEUM | $18,210 |
Endowment Analysis
| Beg. Balance | $10,110,569 |
| Earnings | $1,477,444 |
| Admin Expense | $52,077 |
| Net Contributions | $55,754 |
| Other Expense | $680,000 |
| Ending Balance | $10,911,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
Society Of The Cincinnati Washington, DC | $28,928,587 | $7,746,929 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
B & O Railroad Museum Baltimore, MD | $29,274,881 | $4,473,800 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |