Ancient Free & Accepted Masons Of North Carolina Grand Lodge
- Assets
- $5.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Raleigh, NC
- Founding
- 07/1941
- Data as of
- 12/2022
- EIN
- 56-0228750
Organization Overview
Ancient Free & Accepted Masons Of North Carolina Grand Lodge is located in Raleigh, NC. 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. As of 12/2022, Ancient Free & Accepted Masons Of North Carolina Grand Lodge employed 5 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Ancient Free & Accepted Masons Of North Carolina Grand Lodge 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 12/2022, Ancient Free & Accepted Masons Of North Carolina Grand Lodge generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 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.
Since 2014, Ancient Free & Accepted Masons Of North Carolina Grand Lodge has awarded 26 individual grants totaling $399,469. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE THE ACTIVITIES OF INDIVIDUAL MASONS IN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR NC MASONS INCLUDING DISTRICT AND ANNUAL MEETINGS, PUBLICATIONS, AND GIFTS TO MASONIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kevan D Frazier Grand Master | OfficerTrustee | 1 | $0 |
Donald E Kehler Senior Grand Warden | OfficerTrustee | 1 | $0 |
Lewis R Ledford Grand Treasurer | OfficerTrustee | 1 | $0 |
Steve M Norris Junior Grand Warden | OfficerTrustee | 1 | $0 |
Jonathan A Underwood Grand Secretary | OfficerTrustee | 40 | $75,729 |
William B Bruton Member-Bogp | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,017,845 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,017,845 |
| Total Program Service Revenue | $0 |
| Investment income | $69,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$93,165 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,604 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,163,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,325 |
| 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. | $146,127 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,180 |
| Pension plan accruals and contributions | $16,000 |
| Other employee benefits | $50,475 |
| Payroll taxes | $20,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,071 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,490 |
| Advertising and promotion | $0 |
| Office expenses | $93,475 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,627 |
| Travel | $36,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,002 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,138 |
| Insurance | $0 |
| All other expenses | $25,104 |
| Total functional expenses | $1,087,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,846 |
| Savings and temporary cash investments | $703,537 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,309 |
| 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 | $5,674 |
| Net Land, buildings, and equipment | $741,124 |
| Investments—publicly traded securities | $3,911,048 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,415,538 |
| Accounts payable and accrued expenses | $171,147 |
| 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 | $171,147 |
| Net assets without donor restrictions | $1,861,200 |
| Net assets with donor restrictions | $3,383,191 |
| 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 | $5,415,538 |
Grants Awarded
Over the last fiscal year, Ancient Free & Accepted Masons Of North Carolina Grand Lodge has awarded $52,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MASONIC HOME FOR THE CHILDREN AT OXFORD PURPOSE: SUPPORTED ORGANIZATION | $12,500 |
MASONIC AND EASTERN STAR HOME OF NC PURPOSE: SUPPORTED ORGANIZATION | $12,500 |
THE GEORGE WASHINGTON MASONIC NATIONAL MEMORIAL ASSOCIATION PURPOSE: SUPPORTED ORGANIZATION | $27,000 |