Freeport Masonic Temple INC FY2019 filing

Freeport, ILReligious organizationEIN 36-1104744

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Real estate holding for scottish rite bodies

$9K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2019 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $897 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$9K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$141K
Spent
$143K
To programs
0%
Net assets
$329K
By yearFY2019–FY2023
Revenue
$141K
FY2019
Revenue by fiscal year
FY2019$141K
FY2020$124K
FY2021$193K
FY2022−$7K
FY2023$11K
Expenses
$143K
FY2019
Expenses by fiscal year
FY2019$143K
FY2020$223K
FY2021$19K
FY2022$36K
FY2023$35K
Net assets
$329K
FY2019
Net assets by fiscal year
FY2019$329K
FY2020$232K
FY2021$404K
FY2022$351K
FY2023$327K

From the FY2019 Form 990 (year ending July 2019) · see the original

You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

10 people listed on the 990; $9K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2018); the FY2019 filing did not itemize Part VII
Treasurer
$9,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2020FY2019
Dean White$4,125$6,750$9,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Acquires and manages properties for Scottish Rite Masonic organizations.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2018.
01

Real estate holding for scottish rite bodies

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $269K · 2018–2019
Dyslexia Learning CenterFY2019$180,934
Dyslexia Learning CenterFY2018$87,966

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$141K
Ln 12
Gifts and grantsLn 1h$154K
Investment incomeLn 3$6K
Fees for servicesLn 2g$2K
Money outPt IX
$143K
Ln 25
Owns and owesPt X
$329K
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$333K
LiabilitiesLn 26$3K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$154K
Fees for servicesLn 2g$2K
Investment incomeLn 3$6K
Gains on assetsLn 7$4K
Total revenueLn 12$141K
Assets in detailPt X, end of year
CashLn 1$96K
Cash and savings togetherLn 1–2$96K
InvestmentsLn 11–13$67K
Land, buildings, equipmentLn 10c$170K
Total assetsLn 16$333K
LiabilitiesLn 26$3K
Net assetsLn 32$329K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$45K$96K
InvestmentsLn 11–13$67K
Land, buildings, equipmentLn 10c$199K$170K
Total assetsLn 16$376K$333K
LiabilitiesLn 26$2K$3K
Net assetsLn 32$374K$329K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$88K
Pay of current officers, directors and key staffLn 5$9K
Other salaries and wagesLn 7$25K
Payroll taxesLn 10$3K
Investment management feesLn 11f$978
Office expensesLn 13$9K
Other expenses (24a–d)Ln 24$8K
Total functional expensesLn 25$143K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $11K$35K−$24K$327K 990 PDF
FY2022 −$7K$36K−$43K$351K 990 PDF
FY2021 $193K$19K$173K$404K 990 PDF
FY2020 $124K$223K−$99K$232K 990 PDF
FY2019 Viewing $141K$143K−$3K$329K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2019 990 (4 parts)
Part VIII · Statement of revenue $140,717 across 8 lines filed
VIII-1b Membership dues$10,687
VIII-1d Related organizations$142,900
VIII-1h Total contributions, gifts and grants$153,587
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,834$1,834
VIII-3 Investment incomeExcluded from tax $2,278$2,278
VIII-6 Net rental income or lossRelated to mission −$21,141−$21,141
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,159$4,159
VIII-12 Total revenueRelated to mission −$19,307 · Excluded from tax $6,437$140,717
Part IX · Statement of functional expenses $143,284 across 7 lines filed
IX-1 Grants to domestic organizations$87,966
IX-5 Pay of current officers, directors and key staff$9,000
IX-7 Other salaries and wages$25,290
IX-10 Payroll taxes$2,941
IX-11f Investment management fees$978
IX-13 Office expenses$9,342
IX-24 Other expenses (24a–d)$7,767
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$143,284
Part X · Balance sheet $332,846 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $44,591$96,253
X-10c Land, buildings and equipment, netStart of year $198,815$169,881
X-11 Publicly traded securities$66,712
X-16 Total assetsStart of year $375,832$332,846
X-17 Accounts payable and accrued expensesStart of year $1,930$3,415
X-26 Total liabilitiesStart of year $1,930$3,415
X-32 Total net assets or fund balancesStart of year $373,902$329,431
X-33 Total liabilities and net assetsStart of year $375,832$332,846
Part XI · Reconciliation of net assets $329,431 net assets at year end
XI-1 Total revenue$140,717
XI-2 Total expenses$143,284
XI-3 Revenue less expenses−$2,567
XI-4 Net assets at start of year$373,902
XI-5 Net unrealized gains (losses) on investments−$3,934
XI-8 Prior period adjustments−$37,970
XI-10 Net assets at end of year$329,431

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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