Ancient & Accepted Scottish Rite
- Assets
- $7.1m
- Revenue
- $758.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Nashville, TN
- Founding
- 09/1940
- Data as of
- 12/2021
- EIN
- 62-0115079
Organization Overview
Ancient & Accepted Scottish Rite is located in Nashville, TN. The organization was established in 1940. 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 12/2021, Ancient & Accepted Scottish Rite employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ancient & Accepted Scottish Rite 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 generated $758.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $600.1k during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 5 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
THE COORDINATION OF SCOTTISH RITE MASONIC FRATERNAL ACTIVITIES IN NASHVILLE AND MIDDLE TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COORDINATION OF SCOTTISH RITE MASONIC ACTIVITIES FOR MEMBERS OF THE NASHVILLE JURISDICTION OF THE SOUTHEAST; 2,210 MEMBERS BENEFITED
TRANSFER OF MEMBERSHIP COLLECTIONS FOR DISPOSITION BY THE ALMONERS FUND TO HOSPITALS AND OTHER ORGANIZATIONS AS DIRECTED BY THE BOARD OF DIRECTORS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel H Jones Secretary | Officer | 40 | $105,750 |
John H Cole Director | OfficerTrustee | 1 | $0 |
George C Ladd III Director | OfficerTrustee | 1 | $0 |
Harold E Scott Director | OfficerTrustee | 1 | $0 |
Jerry V Smith Director | OfficerTrustee | 1 | $0 |
Ronny L Greer Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $231,297 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,297 |
| Total Program Service Revenue | $0 |
| Investment income | $168,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $351,360 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $758,836 |
| 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. | $105,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,134 |
| Pension plan accruals and contributions | $11,873 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,157 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $15,252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,774 |
| Travel | $9,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $70,094 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,960 |
| All other expenses | $6,301 |
| Total functional expenses | $600,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,790 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,899,120 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $294 |
| Total assets | $7,137,204 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,156 |
| Total liabilities | $3,156 |
| Net assets without donor restrictions | $0 |
| 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 | $7,134,048 |
| Total liabilities and net assets/fund balances | $7,137,204 |
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