Ancient Free & Accepted Masons Of Oregon
- Assets
- $2.8m
- Revenue
- $205.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 10/1950
- Data as of
- 12/2021
- EIN
- 93-0112718
Organization Overview
Ancient Free & Accepted Masons Of Oregon, operating under the name Cornerstone Lodge #157, is located in Portland, OR. The organization was established in 1950. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Cornerstone Lodge #157 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, Cornerstone Lodge #157 generated $205.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $77.4k 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
PROVIDE SERVICES TO ASSIST INDIVIDUALS, FAMILIES, AND CHILDREN IN REALIZING THEIR POTENTIAL AND ENJOYING THE HIGHEST QUALITY OF LIFE THROUGH THE TRADITIONS OF FREEMASONRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SERVICES TO ASSIST INDIVIDUALS, FAMILIES, AND CHILDREN AND ENGAGES IN OTHER BENEVOLENT AND FRATERNAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Headley Treasurer | OfficerTrustee | 0.1 | $3,000 |
Joseph Watson Secretary | OfficerTrustee | 0.1 | $3,000 |
Scott Kennedy Master | OfficerTrustee | 1 | $1,800 |
David Gillette Senior Warden | OfficerTrustee | 0.1 | $0 |
Joseph Aguirre Junior Warden | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,063 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,791 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,854 |
| Total Program Service Revenue | $0 |
| Investment income | $27,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$25,993 |
| Net Gain/Loss on Asset Sales | $177,380 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $810 |
| Grants and other assistance to domestic individuals. | $9,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,800 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,636 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,851 |
| 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 | $4,024 |
| Depreciation, depletion, and amortization | $1,685 |
| Insurance | $5,007 |
| All other expenses | $24,032 |
| Total functional expenses | $77,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,576 |
| 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 | $678,288 |
| Investments—publicly traded securities | $2,062,363 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,833,227 |
| 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 | $2,833,227 |
| Total liabilities and net assets/fund balances | $2,833,227 |
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|---|---|---|
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