Masonic Temple Association Of Mason City
- Assets
- $517.4k
- Revenue
- $40.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 11/1981
- Data as of
- 12/2021
- EIN
- 42-0776866
Organization Overview
Masonic Temple Association Of Mason City is located in Mason City, IA. The organization was established in 1981. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Temple Association Of Mason City is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Masonic Temple Association Of Mason City generated $40.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $38.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. 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 FACILITIES FOR FRATERNAL AND CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITIES - PROVIDED BUILDING AND FIXTURES FOR USE BY FRATERNAL AND CHARITABLE ORGANIZATIONS IN MASON CITY INCLUDING SHRINERS, MASONIC LODGES, EASTERN STAR, WHITE SHRINE, DEMOLAY, AND RAINBOW GIRLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Lames President | Officer | 1 | $0 |
Ron Guthrie Treasurer | Officer | 1 | $0 |
Kurt Quam Vice Preside | Officer | 1 | $0 |
Keith Myhre Secretary | Officer | 1 | $0 |
Eugene Kleinow Director | Trustee | 1 | $0 |
Ron Bartusek Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,075 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,361 |
| Total Program Service Revenue | $0 |
| Investment income | $10,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,050 |
| Net Gain/Loss on Asset Sales | $16,079 |
| Net Income from Fundraising Events | $50 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,302 |
| 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. | $0 |
| 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 | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $707 |
| Advertising and promotion | $0 |
| Office expenses | $84 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,097 |
| 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 | $9,904 |
| Insurance | $3,252 |
| All other expenses | $0 |
| Total functional expenses | $38,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$291 |
| Savings and temporary cash investments | $26 |
| 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 | $120,391 |
| Investments—publicly traded securities | $397,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $517,421 |
| Accounts payable and accrued expenses | $25,876 |
| 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 | $25,876 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$265 |
| Paid-in or capital surplus, or land, building, or equipment fund | $120,391 |
| Retained earnings, endowment, accumulated income, or other funds | $371,419 |
| Total liabilities and net assets/fund balances | $517,421 |
Endowment Analysis
| Beg. Balance | $353,702 |
| Earnings | $26,841 |
| Admin Expense | $7,124 |
| Other Expense | $2,000 |
| Ending Balance | $371,419 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Servco-Aer Employees Health And Welfare Benefit Tr Madison, WI | $3,372,592 | $2,384,758 |
Cement Masons Union Local 502 Bellwood, IL | $5,592,498 | $2,020,391 |
Ancient Free & Accepted Masons Of Illinois Springfield, IL | $22,709,739 | $1,560,369 |
Ancient Free & Accepted Masons Of Iowa Cedar Rapids, IA | $9,089,840 | $1,661,823 |
Shriners International St Louis, MO | $4,009,545 | $872,837 |
Medinah Shriners Addison, IL | $10,723,962 | $857,016 |
Fraternal Order Of Eagles Farmington, MN | $745,275 | $1,129,481 |
Minnesota Cement Masons Plasterers Shophands Local 633 Journeyman New Brighton, MN | $1,108,230 | $976,361 |
Ancient Free & Accepted Masons Of Minnesota Grand Lodge Bloomington, MN | $9,278,719 | $1,143,125 |
Tangier Shriners Omaha, NE | $7,416,163 | $982,178 |
Fraternal Order Of Eagles Owatonna, MN | $1,687,083 | $834,086 |