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Freeport Masonic Temple INC FY2022 filing

Freeport, ILReligious organization EIN 36-1104744Revenue −$7K in FY2022

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

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Real estate holding for scottish rite bodies

$4K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · 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
$4K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Plus $42K in investments, Pt X · Ln 11–13
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$27K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$7K
-104% vs prior year
Spent
$36K
To programs
0%
Net assets
$351K
By yearFY2019–FY2023
Revenue
−$7K
FY2022▼ -104%
Tap a bar for its year
Revenue by fiscal year
FY2019$141K
FY2020$124K
FY2021$193K
FY2022−$7K
FY2023$11K
Expenses
$36K
FY2022▲ +88%
Tap a bar for its year
Expenses by fiscal year
FY2019$143K
FY2020$223K
FY2021$19K
FY2022$36K
FY2023$35K
Net assets
$351K
FY2022▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2019$329K
FY2020$232K
FY2021$404K
FY2022$351K
FY2023$327K

From the FY2022 Form 990 (year ending July 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 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

12 people listed on the 990; $4K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Dean White
Building Man
$4,125Pt VII · Sec A
Thomas Edler
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Matt Gibbons
Director
$0Pt VII · Sec A
Roy R Grobe
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
John E Imel
President
$0Pt VII · Sec A
Alvin J Kerr
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.

See Freeport Masonic Temple INC executive salaries →

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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 · FY2021
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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
−$7K
Ln 12
Gifts and grantsLn 1h$50K
Investment incomeLn 3$2K
Money outPt IX
$36K
Ln 25
Owns and owesPt X
$351K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$378K
LiabilitiesLn 26$27K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Government grantsLn 1e$8K
Investment incomeLn 3$2K
Gains on assetsLn 7$986
Total revenueLn 12−$7K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$20K
InvestmentsLn 11–13$42K
Land, buildings, equipmentLn 10c$316K
Total assetsLn 16$378K
LiabilitiesLn 26$27K
Net assetsLn 32$351K
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 FY22End FY22
Cash and savingsLn 1–2$120K$20K
InvestmentsLn 11–13$85K$42K
Land, buildings, equipmentLn 10c$327K$316K
Total assetsLn 16$533K$378K
LiabilitiesLn 26$128K$27K
Net assetsLn 32$404K$351K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$4K
Other salaries and wagesLn 7$23K
Payroll taxesLn 10$2K
Accounting feesLn 11c$1K
Investment management feesLn 11f$1K
Office expensesLn 13$653
Other expenses (24a–d)Ln 24$3K
Total functional expensesLn 25$36K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $11K$35K−$24K$327K 990 PDF
FY2022 Viewing −$7K$36K−$43K$351K 990 PDF
FY2021 $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 R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary −$7,168 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $228,086$49,599
I-9 Program service revenuePrior year $1,194$0
I-10 Investment incomePrior year $16,827$2,840
I-11 Other revenuePrior year −$53,493−$59,607
I-12 Total revenuePrior year $192,614−$7,168
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,945$29,478
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $8,309$6,636
I-18 Total expensesPrior year $19,254$36,114
I-19 Revenue less expensesPrior year $173,360−$43,282
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 −$7,168 across 8 lines filed
VIII-1b Membership dues$34,711
VIII-1d Related organizations$7,163
VIII-1e Government grants$7,725
VIII-1h Total contributions, gifts and grants$49,599
VIII-3 Investment incomeExcluded from tax $1,854$1,854
VIII-6 Net rental income or lossRelated to mission −$59,607−$59,607
VIII-7 Net gain or loss on sales of assetsExcluded from tax $986$986
VIII-12 Total revenueRelated to mission −$59,607 · Excluded from tax $2,840−$7,168
Part IX · Statement of functional expenses $36,114 across 7 lines filed
IX-5 Pay of current officers, directors and key staff$4,125
IX-7 Other salaries and wages$23,002
IX-10 Payroll taxes$2,351
IX-11c Accounting fees$1,426
IX-11f Investment management fees$1,094
IX-13 Office expenses$653
IX-24 Other expenses (24a–d)$3,463
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$36,114
Part X · Balance sheet $378,456 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $120,099$17,109
X-2 Savings and temporary cash investments$3,019
X-10c Land, buildings and equipment, netStart of year $327,218$315,970
X-11 Publicly traded securitiesStart of year $85,403$42,358
X-16 Total assetsStart of year $532,720$378,456
X-17 Accounts payable and accrued expensesStart of year $2,307$479
X-25 Other liabilitiesStart of year $126,165$27,000
X-26 Total liabilitiesStart of year $128,472$27,479
X-27 Net assets without donor restrictionsStart of year $404,248$350,977
X-32 Total net assets or fund balancesStart of year $404,248$350,977
X-33 Total liabilities and net assetsStart of year $532,720$378,456
Part XI · Reconciliation of net assets $350,977 net assets at year end
XI-1 Total revenue−$7,168
XI-2 Total expenses$36,114
XI-3 Revenue less expenses−$43,282
XI-4 Net assets at start of year$404,248
XI-5 Net unrealized gains (losses) on investments−$9,989
XI-10 Net assets at end of year$350,977

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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