Free & Accepted Masons Of Tennessee
- Assets
- $1.7m
- Revenue
- $21.1k
- Investments
- $0.0
- Employees
- 195
- Location
- Cordova, TN
- Founding
- 02/1942
- Data as of
- 12/2022
- EIN
- 62-0115096
Organization Overview
Free & Accepted Masons Of Tennessee is located in Cordova, TN. The organization was established in 1942. 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 12/2022, Free & Accepted Masons Of Tennessee employed 195 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Free & Accepted Masons Of Tennessee 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 12/2022, Free & Accepted Masons Of Tennessee generated $21.1k 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 (4.9%) each year. All expenses for the organization totaled $58.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) 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
THE ORGANIZATION PROVIDES FACILITIES AND SERVICES TO ITS MEMBERS FOR MEETINGS AND OTHER FUNCTIONS; AND ASSISTANCE TO NEEDY MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS MADE TO NEEDY MEMBERS & FAMILIES AND OTHER WORTHY CAUSES FROM CONTRIBUTIONS RECEIVED FROM MEMBERS; PUBLICATION OF FRATERNAL PERIODICAL; HOLDING MEETINGS; MAINTAINING PROPERTY & FACILITIES FOR MEMBERS; PERFORMING CEREMONIES& OTHER FUNCTIONS FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elbert E Martz Secretary | 25 | $7,700 | |
Robert Casey Tiler | Officer | 2 | $0 |
Joe R Martz Treasurer | Officer | 2 | $0 |
Gary Holloman Worshipful Master | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $5,283 |
| Investment income | $37,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,135 |
| 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 | $6,196 |
| Compensation of current officers, directors, key employees. | $7,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,754 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $388 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $600 |
| Travel | $300 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $1,374 |
| Insurance | $0 |
| All other expenses | $19,852 |
| Total functional expenses | $58,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,295 |
| Savings and temporary cash investments | $1,084 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,055 |
| 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 | $126,891 |
| Investments—publicly traded securities | $1,469,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,010 |
| Total assets | $1,651,503 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $1,651,503 |
| Total liabilities and net assets/fund balances | $1,651,503 |