Free & Accepted Masons Of Indiana
- Assets
- $2.3m
- Revenue
- $399.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/1957
- Data as of
- 11/2023
- EIN
- 35-0944621
Organization Overview
Free & Accepted Masons Of Indiana is located in Indianapolis, IN. The organization was established in 1957. 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 Indiana 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 11/2023, Free & Accepted Masons Of Indiana generated $399.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $88.0k during the year ending 11/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TEACH THE ART OF FREEMASONRY TO MEN OF GOOD CHARACTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORING OF MEMBER ACTIVITIES FOR FRATERNAL ORGANIZATION
CHARITABLE GIFTS TO OTHERS AND MEMBERS OF MASONIC HOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis D Hicks Chairman - Finance Commtee | Trustee | 1 | $0 |
Leslie Meyer Junior Warden | Officer | 2 | $0 |
Robert Switzer Secretary | Officer | 10 | $0 |
David Levine Senior Warden | Officer | 2 | $0 |
Jeff Ping Treasurer | Officer | 4 | $4,800 |
Steven Sonafrank Worshipful Master | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,594 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,096 |
| Total Program Service Revenue | $0 |
| Investment income | $30,987 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,710 |
| Net Income from Fundraising Events | $1,977 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,577 |
| 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. | $4,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $266 |
| 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 | $2,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,069 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $87,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,473 |
| Savings and temporary cash investments | $1,132 |
| 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 | $151,879 |
| Investments—publicly traded securities | $2,063,912 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,254,396 |
| 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 | $2,254,396 |
| 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 | $2,254,396 |