Grand Lodge Of Kentucky Free And Accepted Masons
- Assets
- $15.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Louisville, KY
- Founding
- 11/1945
- Data as of
- 07/2024
- EIN
- 61-0207400
Organization Overview
Grand Lodge Of Kentucky Free And Accepted Masons is located in Louisville, KY. The organization was established in 1945. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 07/2024, Grand Lodge Of Kentucky Free And Accepted Masons employed 5 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Grand Lodge Of Kentucky Free And Accepted Masons 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 07/2024, Grand Lodge Of Kentucky Free And Accepted Masons generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.3m during the year ending 07/2024. While expenses have increased by 1.2% per year over the past 9 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.
Since 2023, Grand Lodge Of Kentucky Free And Accepted Masons has awarded 11 individual grants totaling $202,771. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT KENTUCKY MASON ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFTS, AWARDS AND MEETINGS PROVIDED AND HELD FOR MASON RELATED RELIGIOUS ACTIVITIES.
CONFERENCES ON MASON RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Short Grand Master | OfficerTrustee | 75 | $0 |
Mitchell A May Deputy Grand Master | OfficerTrustee | 60 | $0 |
Donald H Yankey Grand Secretary | OfficerTrustee | 60 | $45,000 |
Terry Boggess Grand Junior Warden | OfficerTrustee | 40 | $0 |
Luke Martin Grand Senior Warden | OfficerTrustee | 50 | $0 |
F Keith Dreier Grand Treasurer | OfficerTrustee | 20 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,253 |
| Related organizations | $70,147 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,024 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,424 |
| Total Program Service Revenue | $655,600 |
| Investment income | $324,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,976 |
| Net Gain/Loss on Asset Sales | $600,935 |
| Net Income from Fundraising Events | -$3,863 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,868,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,520 |
| Grants and other assistance to domestic individuals. | $46,844 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,154 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,909 |
| Pension plan accruals and contributions | $4,590 |
| Other employee benefits | $3,375 |
| Payroll taxes | $18,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,855 |
| Fees for services: Accounting | $16,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,045 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $54,635 |
| Information technology | $24,075 |
| Royalties | $0 |
| Occupancy | $44,970 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $238,888 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,930 |
| Insurance | $97,183 |
| All other expenses | $0 |
| Total functional expenses | $1,258,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,434,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $324,755 |
| 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 | $113,762 |
| Net Land, buildings, and equipment | $2,279,152 |
| Investments—publicly traded securities | $11,009,574 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,162,234 |
| Accounts payable and accrued expenses | $64,899 |
| Grants payable | $0 |
| Deferred revenue | $542,727 |
| 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 | $607,626 |
| Net assets without donor restrictions | $13,799,587 |
| Net assets with donor restrictions | $755,021 |
| 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 | $15,162,234 |
Grants Awarded
Over the last fiscal year, Grand Lodge Of Kentucky Free And Accepted Masons has awarded $66,306 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KENTUCKY DEMOLAY PURPOSE: SCHOLARSHIP AND YOUTH PROGRAMS | $14,160 |
GRAND LODGE OF HAWAII PURPOSE: DISASTER RELIEF | $10,000 |
MASONIC HOMES OF KENTUCKY PURPOSE: OPERATIONS | $15,000 |
INTERNATIONAL ORDER OF RAINBOW FOR GIRLS PURPOSE: YOUTH PROGRAMS | $7,146 |
ROB MORRIS HOME FOUNDATION PURPOSE: OPERATIONS | $20,000 |