Free & Accepted Masons Of Tennessee
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Cordova, TN
- Founding
- 02/1942
- Data as of
- 12/2021
- EIN
- 62-0115096
Organization Overview
Free & Accepted Masons Of Tennessee is located in Cordova, TN. The organization was established in 1942. According to its NTEE Classification (Y40) the organization is classified as: 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 Tennessee 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, Free & Accepted Masons Of Tennessee generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 70.8% each year . All expenses for the organization totaled $70.8k during the year ending 12/2021. While expenses have increased by 1.5% 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
THE ORGANIZATION PROVIDES FACILITIES AND SERVICES TO ITS MEMBERS FOR MEETINGS AND OTHER FUNCTIONS; AND ASSISTANCE TO NEEDY MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS MADE TO NEEDY MEMBERS & FAMILIES AND OTHER WORTHY CAUSES FROM CONTRIBUTIONS RECEIVED FROM MEMBERS; PUBLICATION OF FRATERNAL PERIODICAL; HOLDING MEETINGS; MAINTAINING PROPERTY & FACILITIES FOR MEMBERS; PERFORMING CEREMONIES& OTHER FUNCTIONS FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elbert E Martz Secretary | 25 | $9,100 | |
Robert Casey Tiler | Officer | 2 | $0 |
Michael Majors Worshipful Master | Officer | 5 | $0 |
Joe R Martz Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,761 |
| Investment income | $18,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,071,215 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,343,846 |
| 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 | $6,980 |
| Compensation of current officers, directors, key employees. | $9,100 |
| Compensation of current officers, directors, key employees. | $9,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $85 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,396 |
| Fees for services: Other | $17,395 |
| Advertising and promotion | $0 |
| Office expenses | $1,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,279 |
| Travel | $176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,376 |
| Insurance | $0 |
| All other expenses | $12,492 |
| Total functional expenses | $70,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,730 |
| Savings and temporary cash investments | $1,384 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,055 |
| 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 | $0 |
| Investments—publicly traded securities | $1,545,659 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,010 |
| Total assets | $1,632,838 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,632,838 |
| Total liabilities and net assets/fund balances | $1,632,838 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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