Mw Prince Hall Grand Lodge Free & Accepted Masons Of Nc Jurisd Inc
- Assets
- $1.2m
- Revenue
- $521.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Durham, NC
- Founding
- 05/1983
- Data as of
- 12/2022
- EIN
- 56-0854993
Organization Overview
Mw Prince Hall Grand Lodge Free & Accepted Masons Of Nc Jurisd Inc is located in Durham, NC. The organization was established in 1983. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Mw Prince Hall Grand Lodge Free & Accepted Masons Of NC Jurisd Inc employed 9 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Mw Prince Hall Grand Lodge Free & Accepted Masons Of NC Jurisd Inc 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, Mw Prince Hall Grand Lodge Free & Accepted Masons Of NC Jurisd Inc generated $521.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $475.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MONETARY AND SPRITUAL GROWTH AMONG MEMBERS AND THEIR FAMILIES THROUGH THE PAYMENT OF DEATH BENEFITS AND PRODUCTION OF PROGRAMS GEARED TO LIFE ENRICHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE
KNIGHTS OF PYTHAGORAS
BENEVOLENCE
GRAND COMMUNICATIONS AND GENERAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel L Thompson Mw Grand Master | OfficerTrustee | 1 | $7,540 |
James C Russell Rw Dep Grand Master | Trustee | 1 | $0 |
Victor C Cooper Rw Sr Grand Warden | Trustee | 1 | $0 |
Ricky A Best Grand Trustees | Trustee | 1 | $0 |
Dale O' Leary Grand Trustees | Trustee | 1 | $0 |
David Holeman Rw Grand Treasurer | OfficerTrustee | 35 | $14,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $246,490 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,738 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,228 |
| Total Program Service Revenue | $114,248 |
| Investment income | $1,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $65,120 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $521,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,500 |
| Grants and other assistance to domestic individuals. | $63,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $57,850 |
| Compensation of current officers, directors, key employees. | $25,440 |
| Compensation of current officers, directors, key employees. | $24,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,825 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,550 |
| Fees for services: Accounting | $23,782 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,959 |
| Advertising and promotion | $0 |
| Office expenses | $57,830 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,479 |
| Travel | $17,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,412 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,646 |
| Insurance | $8,454 |
| All other expenses | $13,773 |
| Total functional expenses | $475,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $495,272 |
| Savings and temporary cash investments | $15,690 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,645 |
| 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 | $337,465 |
| Investments—publicly traded securities | $392,006 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,243,078 |
| Accounts payable and accrued expenses | $23,644 |
| 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 | $0 |
| Total liabilities | $23,644 |
| Net assets without donor restrictions | $1,219,434 |
| 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 | $1,243,078 |