Ancient & Accepted Scottish Rite Of Valley Of New Bern & Coord Bodies
- Assets
- $998.8k
- Revenue
- $311.1k
- Investments
- $0.0
- Employees
- 2
- Location
- New Bern, NC
- Founding
- 09/1940
- Data as of
- 12/2021
- EIN
- 56-0337050
Organization Overview
Ancient & Accepted Scottish Rite Of Valley Of New Bern & Coord Bodies is located in New Bern, NC. 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 12/2021, Ancient & Accepted Scottish Rite Of Valley Of New Bern & Coord Bodies employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ancient & Accepted Scottish Rite Of Valley Of New Bern & Coord Bodies 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, Ancient & Accepted Scottish Rite Of Valley Of New Bern & Coord Bodies generated $311.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $160.3k during the year ending 12/2021. 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
TO ELIMINATE LANGUAGE AND LEARNING PROBLEMS IN CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ELIMINATE LANGUAGE AND LEARING PROBLEMS IN CHILDREN
TO ELIMINATE LANGUAGE AND LEARING PROBLEMS IN CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William L Dill Secretary | Officer | 25 | $15,778 |
Aaron W Morris Secretary | Officer | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $140,570 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,217 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,787 |
| Total Program Service Revenue | $1,682 |
| Investment income | $8,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $588 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,147 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,882 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $311,080 |
| 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 | $55,137 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,497 |
| Payroll taxes | $4,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,020 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,726 |
| Interest | $0 |
| Payments to affiliates | $55,357 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $160,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,500 |
| Savings and temporary cash investments | $0 |
| 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 | $4,702 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $927,610 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $998,812 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $86,132 |
| 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 | $1,039 |
| Total liabilities | $87,171 |
| Net assets without donor restrictions | $662,898 |
| Net assets with donor restrictions | $248,743 |
| 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 | $998,812 |