Free & Accepted Masons Of Pennsylvania
- Assets
- $123.0m
- Revenue
- $20.0m
- Investments
- $93.3m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/1941
- Data as of
- 12/2020
- EIN
- 23-7193096
Organization Overview
Free & Accepted Masons Of Pennsylvania is located in Philadelphia, PA. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Free & Accepted Masons Of Pennsylvania 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 12/2020, Free & Accepted Masons Of Pennsylvania generated $20.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $12.3m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF FRATERNAL ACTIVITIES IN THE HISTORY AND TRADITION OF THE MASONIC ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ALLOCATIONS RELATED TO ORGANIZATION'S PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Greenberg Treasurer | OfficerTrustee | 1 | $1,200 |
Philip H Batula Secretary | OfficerTrustee | 1 | $3,000 |
Gilbert Stein Treasurer | OfficerTrustee | 1 | $800 |
Sander Robert Wagman Secretary | OfficerTrustee | 1 | $3,350 |
David Casher Treasurer | OfficerTrustee | 1 | $200 |
Tracy Bitner Secretary | OfficerTrustee | 1 | $3,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,926,556 |
| Investment income | $3,213,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $477,217 |
| Net Gain/Loss on Asset Sales | $184,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,020,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $49,656 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $375,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $48,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $3,537,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,770,554 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $363,821 |
| Interest | $0 |
| Payments to affiliates | $2,127,561 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $163,955 |
| Total functional expenses | $12,295,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,847,527 |
| Savings and temporary cash investments | $20,089,504 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $93,288,694 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,893 |
| Total assets | $123,039,697 |
| 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 | $12,143,352 |
| Total liabilities and net assets/fund balances | $123,039,697 |
Grants Awarded
Over the last fiscal year, Free & Accepted Masons Of Pennsylvania has awarded $2,554,832 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS PURPOSE: GEN OPERATIONS | $2,370,817 |
VARIOUS PURPOSE: BLDGS & ENDOW FUNDS | $184,015 |