Free & Accepted Masons Of Arkansas
- Assets
- $6.5m
- Revenue
- $987.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Little Rock, AR
- Founding
- 04/1941
- Data as of
- 12/2019
- EIN
- 71-0060390
Organization Overview
Free & Accepted Masons Of Arkansas is located in Little Rock, AR. 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 12/2018, Free & Accepted Masons Of Arkansas employed 4 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Free & Accepted Masons Of Arkansas 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 12/2019, Free & Accepted Masons Of Arkansas generated $987.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $385.5k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT GRANTS - CASH SCHOLARSHIPS TO WORTHY AND ELIGIBLE STUDENTS DONATIONS TO WORTHY ORGANIZATIONS SUPERVISION OF OVER 350 SUBORDINATE LODGES, TO INCLUDE PROVIDING PROGRAM SUPPLIES, INSTRUCTION IN ACTIVITIES AND MAINTENANCE OF PERMANENT RECORDS FOR ALL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Berry Treasurer | OfficerTrustee | 0 | $0 |
Carl Nelson Grand Secretary | OfficerTrustee | 32 | $0 |
David Bradley Grand Senior Warden | OfficerTrustee | 0 | $0 |
Jesse D Sexton Deputy Grand Master | OfficerTrustee | 0 | $0 |
Bradley R Phillips Grand Master | OfficerTrustee | 0 | $0 |
Charles Ferguson Past Grand Secretary | Officer | 32 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,761 |
| Investment income | $772,967 |
| 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 | $17,820 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $987,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $20,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,709 |
| Fees for services: Accounting | $20,712 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,497 |
| Advertising and promotion | $0 |
| Office expenses | $28,525 |
| Information technology | $14,535 |
| Royalties | $0 |
| Occupancy | $19,242 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,783 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $385,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,024 |
| 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 |
| Investments—publicly traded securities | $6,462,065 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,548,089 |
| 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 | $1,428 |
| Total liabilities | $1,428 |
| 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 |
| Total liabilities and net assets/fund balances | $6,546,661 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Grand Lodge Of Texas Waco, TX | $49,935,756 | $2,153,523 |
Shriners International Nashville, TN | $3,174,363 | $884,588 |
The Knights Of Momus Inc Galveston, TX | $827,933 | $1,049,685 |
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Phi Mu Fraternity Columbia, MO | $2,862,646 | $815,693 |
Free & Accepted Masons Of Tennessee Grand Lodge Nashville, TN | $7,033,997 | $1,120,766 |