Freeport Masonic Temple INC FY2020 filing

Freeport, ILReligious organizationEIN 36-1104744Revenue $124K in FY2020

On file with the IRS305 W Stephenson Street · Freeport, IL

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Real estate holding for scottish rite bodies

$7K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · 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
$7K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$69K
23% of total assets
Looks good: liabilities are 23% 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
$124K
-12% vs prior year
Spent
$223K
To programs
0%
Net assets
$232K
By yearFY2019–FY2023
Revenue
$124K
FY2020▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2019$141K
FY2020$124K
FY2021$193K
FY2022−$7K
FY2023$11K
Expenses
$223K
FY2020▲ +56%
Tap a bar for its year
Expenses by fiscal year
FY2019$143K
FY2020$223K
FY2021$19K
FY2022$36K
FY2023$35K
Net assets
$232K
FY2020▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2019$329K
FY2020$232K
FY2021$404K
FY2022$351K
FY2023$327K

From the FY2020 Form 990 (year ending July 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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; $7K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Treasurer
$6,750Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
$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.

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Provided by the organization

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1 program · in their own filed words · FY2019
01

Real estate holding for scottish rite bodies

Pt IX · col B

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$124K
Ln 12
Gifts and grantsLn 1h$169K
Investment incomeLn 3$3K
Money outPt IX
$223K
Ln 25
Owns and owesPt X
$232K
net assets · Ln 32
Cash and savingsLn 1–2$71K
Total assetsLn 16$301K
LiabilitiesLn 26$69K
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$169K
Investment incomeLn 3$3K
Gains on assetsLn 7$997
Total revenueLn 12$124K
Assets in detailPt X, end of year
CashLn 1$71K
Cash and savings togetherLn 1–2$71K
InvestmentsLn 11–13$71K
Land, buildings, equipmentLn 10c$159K
Total assetsLn 16$301K
LiabilitiesLn 26$69K
Net assetsLn 32$232K
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 FY20End FY20
Cash and savingsLn 1–2$96K$71K
InvestmentsLn 11–13$67K$71K
Land, buildings, equipmentLn 10c$170K$159K
Total assetsLn 16$333K$301K
LiabilitiesLn 26$3K$69K
Net assetsLn 32$329K$232K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$181K
Pay of current officers, directors and key staffLn 5$7K
Other salaries and wagesLn 7$20K
Payroll taxesLn 10$2K
Investment management feesLn 11f$762
Office expensesLn 13$4K
Other expenses (24a–d)Ln 24$9K
Total functional expensesLn 25$223K$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 Viewing $124K$223K−$99K$232K 990 PDF
FY2019 $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 FY2020 990 (6 parts)
Part I · Summary $123,842 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $153,587$169,261
I-9 Program service revenuePrior year $1,834$0
I-10 Investment incomePrior year $6,437$2,842
I-11 Other revenuePrior year −$21,141−$48,261
I-12 Total revenuePrior year $140,717$123,842
I-13 Grants and similar amounts paidPrior year $87,966$180,934
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $37,231$28,643
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $18,087$13,506
I-18 Total expensesPrior year $143,284$223,083
I-19 Revenue less expensesPrior year −$2,567−$99,241
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $123,842 across 7 lines filed
VIII-1b Membership dues$24,261
VIII-1d Related organizations$145,000
VIII-1h Total contributions, gifts and grants$169,261
VIII-3 Investment incomeExcluded from tax $1,845$1,845
VIII-6 Net rental income or lossRelated to mission −$48,261−$48,261
VIII-7 Net gain or loss on sales of assetsExcluded from tax $997$997
VIII-12 Total revenueRelated to mission −$48,261 · Excluded from tax $2,842$123,842
Part IX · Statement of functional expenses $223,083 across 7 lines filed
IX-1 Grants to domestic organizations$180,934
IX-5 Pay of current officers, directors and key staff$6,750
IX-7 Other salaries and wages$19,650
IX-10 Payroll taxes$2,243
IX-11f Investment management fees$762
IX-13 Office expenses$4,061
IX-24 Other expenses (24a–d)$8,683
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$223,083
Part X · Balance sheet $301,047 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $96,253$70,852
X-10c Land, buildings and equipment, netStart of year $169,881$159,337
X-11 Publicly traded securitiesStart of year $66,712$70,858
X-16 Total assetsStart of year $332,846$301,047
X-17 Accounts payable and accrued expensesStart of year $3,415$285
X-25 Other liabilities$68,500
X-26 Total liabilitiesStart of year $3,415$68,785
X-27 Net assets without donor restrictionsStart of year $329,431$232,262
X-32 Total net assets or fund balancesStart of year $329,431$232,262
X-33 Total liabilities and net assetsStart of year $332,846$301,047
Part XI · Reconciliation of net assets $232,262 net assets at year end
XI-1 Total revenue$123,842
XI-2 Total expenses$223,083
XI-3 Revenue less expenses−$99,241
XI-4 Net assets at start of year$329,431
XI-5 Net unrealized gains (losses) on investments$2,072
XI-10 Net assets at end of year$232,262

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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