Masonry Institute Of Tennessee
- Assets
- $248.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 04/1977
- Data as of
- 12/2023
- EIN
- 62-0986020
Organization Overview
Masonry Institute Of Tennessee is located in Chattanooga, TN. The organization was established in 1977. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonry Institute Of Tennessee is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Masonry Institute Of Tennessee generated $124.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $114.3k during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED EDUCATIONAL AND OTHER ACTIVITIES FOR MEMBERS; DISTRIBUTED INFORMATION PROMOTING THE MASONRY CONSTRUCTION TRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reggie Gaskin Past President | 2 | $0 | |
Jeff Jenkins President | 5 | $0 | |
Brian Proctor Board Member | 2 | $0 | |
Jennifer Thomas Secretary | 5 | $0 | |
Neal Adams Board Member | 2 | $0 | |
James E Bo Bentley III Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,000 |
| Membership dues | $109,875 |
| Investment income | $4,463 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $124,338 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $72,427 |
| Professional fees and other payments to independent contractors | $2,045 |
| Occupancy, rent, utilities, and maintenance | $1,200 |
| Printing, publications, postage, and shipping | $248 |
| Other expenses | $38,423 |
| Total expenses | $114,343 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $177,158 |
| Other assets | $0 |
| Total assets | $248,603 |
| Total liabilities | $50,590 |
| Net assets or fund balances | $198,013 |