Masonic Grand Lodge Library And Museum Of Texas
- Assets
- $10.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Waco, TX
- Founding
- 05/1982
- Data as of
- 12/2021
- EIN
- 74-2226522
Organization Overview
Masonic Grand Lodge Library And Museum Of Texas is located in Waco, TX. The organization was established in 1982. 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 12/2021, Masonic Grand Lodge Library And Museum Of Texas employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Grand Lodge Library And Museum Of Texas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Masonic Grand Lodge Library And Museum Of Texas generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $796.7k 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
TO MAINTAIN AND OPERATE A LIBRARY AND MUSEUM FOR THE GRAND LODGE OF TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND OPERATION OF THE GRAND LODGE MASONIC LIBRARY & MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara E Mechell Librarian & Museum Coordin | Officer | 40 | $40,219 |
Don Paul Payton Secretary-Treasurer | OfficerTrustee | 10 | $0 |
Lyndon Olson 1st Vice President | OfficerTrustee | 0.5 | $0 |
Claude Ervin President | OfficerTrustee | 0.5 | $0 |
Jerry Kirby Director | Trustee | 0.5 | $0 |
Robert Loflin Director | Trustee | 0.5 | $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 | $387,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,579 |
| Total Program Service Revenue | $0 |
| Investment income | $165,570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $177,000 |
| Net Gain/Loss on Asset Sales | $1,260,384 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,990,533 |
| 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. | $180,498 |
| Compensation of current officers, directors, key employees. | $153,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,395 |
| Payroll taxes | $21,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $497,372 |
| 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 | $55,991 |
| All other expenses | $1,782 |
| Total functional expenses | $796,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,898 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,849 |
| 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 | $44,321 |
| Net Land, buildings, and equipment | $2,634,646 |
| Investments—publicly traded securities | $7,840,669 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,624,383 |
| Accounts payable and accrued expenses | $28,608 |
| 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 | $28,608 |
| Net assets without donor restrictions | $8,045,359 |
| Net assets with donor restrictions | $2,550,416 |
| 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 | $10,624,383 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Masonic Grand Lodge Library And Museum Of Texas has recieved totaling $17,707.
| Awarding Organization | Amount |
|---|---|
H Malvern Marks Foundation Inc Brownwood, TX PURPOSE: EDUCATION | $16,666 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,041 |
Endowment Analysis
| Beg. Balance | $5,135,976 |
| Earnings | $420,753 |
| Net Contributions | $157,740 |
| Ending Balance | $5,714,469 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Slavonic Benevolent Order Of The State Of Texas Temple, TX | $250,843,424 | $37,911,844 |
Hermann Sons Life San Antonio, TX | $261,680,338 | $23,747,654 |
Catholic Union Of Texas The Kjt La Grange, TX | $104,398,388 | $13,305,879 |
Kjzt Family Life Austin, TX | $164,643,389 | $13,170,314 |
Scottish Rite Educational Association Of Texas Austin, TX | $15,247,612 | $5,200,101 |
Sivalls Inc And Control Equipment Inc Medical Plan Trust Odessa, TX | $465,939 | $3,039,609 |
San Antonio Police Officers Association Inc San Antonio, TX | $3,073,452 | $2,645,265 |
Knights Of Peter Claver New Orleans, LA | $3,522,649 | $1,821,465 |
Order Of The Alamo San Antonio, TX | $410,612 | $959,299 |
The Scottish Rite Learning Center Of West Texas Lubbock, TX | $7,376,055 | $134,513 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Houston, TX | $13,839,072 | $459,966 |
Cornerstone Lodge Inc Hurst, TX | $324,716 | $876,369 |