Masonic Widows & Orphans Home Of Tennessee Fund
- Assets
- $15.4m
- Revenue
- $761.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Nashville, TN
- Founding
- 10/1938
- Data as of
- 12/2021
- EIN
- 62-0282920
Organization Overview
Masonic Widows & Orphans Home Of Tennessee Fund is located in Nashville, TN. The organization was established in 1938. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Masonic Widows & Orphans Home Of Tennessee Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Widows & Orphans Home Of Tennessee Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Masonic Widows & Orphans Home Of Tennessee Fund generated $761.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $344.5k during the year ending 12/2021. While expenses have increased by 0.4% 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
TO PROVIDE REGULAR AND SPECIAL ASSISTANCE TO NEEDY MASONS AND THEIR WIVES, WIDOWS, AND ORPHANS OF THE FREE AND ACCEPTED MASONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE TO APPROXIMATELY 140 WIVES, WIDOWS, OR ORPHANS OF MASONS WHO ARE IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Walker Secretary | Officer | 40 | $18,750 |
Raymond Hamilton Vice-Chair | Trustee | $0 | |
Bart Iddins Chairman | Trustee | $0 | |
Richard Petty Jr Member | Trustee | $0 | |
Gerry Reid Member | Trustee | $0 | |
Michael Stockdale Member | Trustee | $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 | $402,208 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,208 |
| Total Program Service Revenue | $0 |
| Investment income | $300,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $761,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $289,778 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $18,750 |
| Compensation of current officers, directors, key employees. | $18,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,520 |
| 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 | $1,993 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $500 |
| 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 | $506 |
| All other expenses | $12,270 |
| Total functional expenses | $344,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,147,068 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $12,705,920 |
| Investments—other securities | $0 |
| Investments—program-related | $1,549,670 |
| Intangible assets | $0 |
| Other assets | $2,203 |
| Total assets | $15,404,861 |
| Accounts payable and accrued expenses | $2,087 |
| 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 | $21,890 |
| Total liabilities | $23,977 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $15,380,884 |
| 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 | $15,404,861 |
Endowment Analysis
| Beg. Balance | $13,591,322 |
| Earnings | $1,464,581 |
| Net Contributions | $469,630 |
| Other Expense | $353,672 |
| Ending Balance | $15,171,861 |
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