Ancient Accepted Scottish Rite Of Free Masonry Nmj
- Assets
- $5.0m
- Revenue
- $635.2k
- Investments
- $520.0k
- Employees
- 2
- Location
- Canton, OH
- Founding
- 12/1940
- Data as of
- 12/2021
- EIN
- 34-0067735
Organization Overview
Ancient Accepted Scottish Rite Of Free Masonry Nmj, operating under the name Aasr-Valley Of Canton, is located in Canton, OH. The organization was established in 1940. 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, Aasr-Valley Of Canton employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aasr-Valley Of Canton 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, Aasr-Valley Of Canton generated $635.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $277.4k during the year ending 12/2021. While expenses have increased by 0.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHEN MASONIC WAY OF LIFE BY IMPROVING INDIVIDUAL CHARACTER,LEADERSHIP,AND SPIRIT OF ITS MEMBERS THROUGH RELEVANT PROGRAMS. INSPIRE MEN TO SUPPORT PRINCIPLES OF FREEMASONRY. PROMOTE FAMILY/COMMUNITY VALUES. SERVE THROUGH IMPACT OF CHARITABLE OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRENGTHEN MASONIC WAY OF LIFE BY IMPROVING INDIVIDUAL CHARACTER,LEADERSHIP,AND SPIRIT OF ITS MEMBERS THROUGH RELEVANT PROGRAMS. INSPIRE MEN TO SUPPORT PRINCIPLES OF FREEMASONRY. PROMOTE FAMILY/COMMUNITY VALUES. SERVE THROUGH IMPACT OF CHARITABLE OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Horne Officer | Officer | 1 | $0 |
Joel Cox Officer | Officer | 1 | $0 |
Frank Sekeres Deputy Representative | Officer | 1 | $0 |
Eric Muchlenbein Officer | Officer | 1 | $0 |
James G Fidler Secretary | Officer | 32 | $0 |
Ted D Howenstine Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $92,301 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,678 |
| Total Program Service Revenue | $0 |
| Investment income | $71,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $452,626 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $635,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,140 |
| Compensation of current officers, directors, key employees. | $28,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,201 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,269 |
| Information technology | $388 |
| Royalties | $0 |
| Occupancy | $38,706 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,417 |
| Interest | $223 |
| Payments to affiliates | $42,405 |
| Depreciation, depletion, and amortization | $1,973 |
| Insurance | $0 |
| All other expenses | $887 |
| Total functional expenses | $277,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,937 |
| Savings and temporary cash investments | $59,369 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,369 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $477,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,573 |
| Investments—publicly traded securities | $3,843,615 |
| Investments—other securities | $520,049 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,043,912 |
| Accounts payable and accrued expenses | $1,103 |
| Grants payable | $0 |
| Deferred revenue | $118,215 |
| 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 | $119,318 |
| Net assets without donor restrictions | $3,348,179 |
| Net assets with donor restrictions | $1,576,415 |
| 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 | $5,043,912 |
Endowment Analysis
| Beg. Balance | $1,753,643 |
| Earnings | $307,017 |
| Admin Expense | $18,505 |
| Net Contributions | $9,327 |
| Other Expense | $3,140 |
| Ending Balance | $2,048,342 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Isda Fraternal Association Pittsburgh, PA | $277,868,163 | $84,487,540 |
William Penn Association Pittsburgh, PA | $564,136,496 | $86,255,147 |
Everence Association Inc Goshen, IN | $407,395,698 | $69,175,767 |
Police And Firemens Insurance Association Carmel, IN | $255,522,812 | $49,657,782 |
Loyal Christian Benefit Association Erie, PA | $108,287,356 | $23,099,109 |
Womans Life Insurance Society Port Huron, MI | $202,469,549 | $20,989,003 |
United Transportation Union Insurance Association Independence, OH | $229,446,528 | $20,187,973 |
Ladies Of Co Inc Catholic Gahanna, OH | $138,820,359 | $17,769,502 |
Order Of United Commercial Travelers Of America Columbus, OH | $13,051,068 | $16,246,455 |
Slovene National Benefit Society Imperial, PA | $127,585,848 | $17,289,930 |
Alliance Of Transylvania Saxons Of Us Cleveland, OH | $101,451,991 | $9,280,239 |
Serb National Federation Pittsburgh, PA | $50,402,981 | $6,645,334 |