Grand Lodge Of Texas
- Assets
- $55.2m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Waco, TX
- Founding
- 03/1941
- Data as of
- 12/2021
- EIN
- 74-0485630
Organization Overview
Grand Lodge Of Texas is located in Waco, TX. The organization was established in 1941. 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, Grand Lodge Of Texas employed 10 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Grand Lodge Of Texas 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, Grand Lodge Of Texas generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. 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
FRATERNAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION GOVERNS THE OPERATION OF 781 MASONIC LODGES IN TEXAS. MEMBERSHIP DUES ARE DUE ANNUALLY ON JUNE 23. THE ORGANIZATION HAS 64,120 MEMBERS
THE ORGANIZATION ISSUES A QUARTERLY PUBLICATION.
THE ORGANIZATION PROVIDES DIRECT FINANCIAL ASSISTANCE TO RECIPIENTS.
THE ORGANIZATION MAKES CONTRIBUTIONS TO AFFILIATED CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin B Duty Grand Secretary | Officer | 35 | $40,000 |
Kenneth C Curry Grand Master | Officer | 1 | $0 |
G Clay Smith Grand Senior Warden | Officer | 1 | $0 |
H Bart Henderson Grand Junior Warden | Officer | 1 | $0 |
Bradley S Billings Deputy Grand Master | Officer | 1 | $0 |
Richard C Townsend Grand Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,180,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,190,100 |
| Total Program Service Revenue | $160,358 |
| Investment income | $477,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,451,635 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $98,411 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,378,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,800 |
| Grants and other assistance to domestic individuals. | $36,451 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,512 |
| Pension plan accruals and contributions | $6,739 |
| Other employee benefits | $0 |
| Payroll taxes | $22,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95 |
| Fees for services: Accounting | $55,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,807 |
| Fees for services: Other | $3,900 |
| Advertising and promotion | $0 |
| Office expenses | $80,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,000 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $54,514 |
| All other expenses | $68,406 |
| Total functional expenses | $1,223,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $315,943 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $144,378 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $64,164 |
| Prepaid expenses and deferred charges | $170,258 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $54,517,456 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,212,199 |
| Accounts payable and accrued expenses | $168,122 |
| Grants payable | $0 |
| Deferred revenue | $74,975 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $33,123,280 |
| 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 | $33,366,377 |
| Net assets without donor restrictions | $16,897,332 |
| Net assets with donor restrictions | $4,948,490 |
| 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 | $55,212,199 |
Grants Awarded
Over the last fiscal year, Grand Lodge Of Texas has awarded $56,632 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Waco, TX PURPOSE: NEW A/C UNIT | $41,632 |
Dallas, TX PURPOSE: TAKE TIME TO READ PROGRAM | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grand Lodge Of Texas has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Ancient Free & Accepted Masons Of Texas Lake Jackson, TX | | $1,000 |
Endowment Analysis
| Beg. Balance | $4,831,331 |
| Earnings | $146,355 |
| Net Contributions | $12,174 |
| Other Expense | $41,370 |
| Ending Balance | $4,948,490 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arkansas Higher Education Melbourne, AR | $4,022,869 | $7,335,789 |
Shriners International San Antonio, TX | $9,074,871 | $1,656,499 |
Free & Accepted Masons Of Louisiana Grand Lodge Alexandria, LA | $20,568,896 | $1,886,997 |
Knights Templar Of The United States Of America Sugar Land, TX | $19,436,687 | $2,203,333 |
Grand Lodge Of Texas Waco, TX | $55,212,199 | $5,378,052 |
The Knights Of Momus Inc Galveston, TX | $851,569 | $1,053,402 |
Shriners International Houston, TX | $18,821,947 | $1,413,014 |
Ancient Free & Accepted Masons Of Oklahoma Guthrie, OK | $8,416,405 | $1,881,568 |
Shriners International Oklahoma City, OK | $6,059,168 | $478,013 |
Associated Masonry Contractors Of Texas The Woodlands, TX | $897,609 | $797,657 |
Fraternal Order Of Eagles Dallas, TX | $220,232 | $839,510 |
Shriners International Fort Worth, TX | $3,213,026 | $842,002 |