Freeport Masonic Temple INC FY2021 filing

Freeport, ILReligious organizationEIN 36-1104744Revenue $193K in FY2021

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

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Real estate holding for scottish rite bodies

Mission: Form 990 Part I, line 1

Before you give

FY2021 · 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
Cash reserves
75 mo
of spending, in cash
Looks good: 74.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$128K
24% of total assets
Looks good: liabilities are 24% 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
$193K
+56% vs prior year
Spent
$19K
To programs
0%
Net assets
$404K
By yearFY2019–FY2023
Revenue
$193K
FY2021▲ +56%
Tap a bar for its year
Revenue by fiscal year
FY2019$141K
FY2020$124K
FY2021$193K
FY2022−$7K
FY2023$11K
Expenses
$19K
FY2021▼ -91%
Tap a bar for its year
Expenses by fiscal year
FY2019$143K
FY2020$223K
FY2021$19K
FY2022$36K
FY2023$35K
Net assets
$404K
FY2021▲ +74%
Tap a bar for its year
Net assets by fiscal year
FY2019$329K
FY2020$232K
FY2021$404K
FY2022$351K
FY2023$327K

From the FY2021 Form 990 (year ending July 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
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
$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 · FY2020
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$193K
Ln 12
Gifts and grantsLn 1h$228K
Investment incomeLn 3$17K
Fees for servicesLn 2g$1K
Money outPt IX
$19K
Ln 25
Owns and owesPt X
$404K
net assets · Ln 32
Cash and savingsLn 1–2$120K
Total assetsLn 16$533K
LiabilitiesLn 26$128K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$228K
Government grantsLn 1e$84K
Fees for servicesLn 2g$1K
Investment incomeLn 3$17K
Gains on assetsLn 7$15K
Total revenueLn 12$193K
Assets in detailPt X, end of year
CashLn 1$120K
Cash and savings togetherLn 1–2$120K
InvestmentsLn 11–13$85K
Land, buildings, equipmentLn 10c$327K
Total assetsLn 16$533K
LiabilitiesLn 26$128K
Net assetsLn 32$404K
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 FY21End FY21
Cash and savingsLn 1–2$71K$120K
InvestmentsLn 11–13$71K$85K
Land, buildings, equipmentLn 10c$159K$327K
Total assetsLn 16$301K$533K
LiabilitiesLn 26$69K$128K
Net assetsLn 32$232K$404K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$10K
Payroll taxesLn 10$1K
Investment management feesLn 11f$888
Office expensesLn 13$2K
Other expenses (24a–d)Ln 24$5K
All other expensesLn 24e$10
Total functional expensesLn 25$19K$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 Viewing $193K$19K$173K$404K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $192,614 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $169,261$228,086
I-9 Program service revenue$1,194
I-10 Investment incomePrior year $2,842$16,827
I-11 Other revenuePrior year −$48,261−$53,493
I-12 Total revenuePrior year $123,842$192,614
I-13 Grants and similar amounts paidPrior year $180,934$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $28,643$10,945
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $13,506$8,309
I-18 Total expensesPrior year $223,083$19,254
I-19 Revenue less expensesPrior year −$99,241$173,360
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 $192,614 across 10 lines filed
VIII-1b Membership dues$134,586
VIII-1d Related organizations$10,000
VIII-1e Government grants$83,500
VIII-1h Total contributions, gifts and grants$228,086
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,194$1,194
VIII-3 Investment incomeExcluded from tax $1,437$1,437
VIII-6 Net rental income or lossRelated to mission −$55,636−$55,636
VIII-7 Net gain or loss on sales of assetsExcluded from tax $15,390$15,390
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,143$2,143
VIII-12 Total revenueRelated to mission −$52,299 · Excluded from tax $16,827$192,614
Part IX · Statement of functional expenses $19,254 across 6 lines filed
IX-7 Other salaries and wages$9,847
IX-10 Payroll taxes$1,098
IX-11f Investment management fees$888
IX-13 Office expenses$1,935
IX-24 Other expenses (24a–d)$5,476
IX-24e All other expenses$10
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$19,254
Part X · Balance sheet $532,720 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $70,852$120,099
X-10c Land, buildings and equipment, netStart of year $159,337$327,218
X-11 Publicly traded securitiesStart of year $70,858$85,403
X-16 Total assetsStart of year $301,047$532,720
X-17 Accounts payable and accrued expensesStart of year $285$2,307
X-25 Other liabilitiesStart of year $68,500$126,165
X-26 Total liabilitiesStart of year $68,785$128,472
X-27 Net assets without donor restrictionsStart of year $232,262$404,248
X-32 Total net assets or fund balancesStart of year $232,262$404,248
X-33 Total liabilities and net assetsStart of year $301,047$532,720
Part XI · Reconciliation of net assets $404,248 net assets at year end
XI-1 Total revenue$192,614
XI-2 Total expenses$19,254
XI-3 Revenue less expenses$173,360
XI-4 Net assets at start of year$232,262
XI-5 Net unrealized gains (losses) on investments−$1,374
XI-10 Net assets at end of year$404,248

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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