Ancient Free & Accepted Masons FY2020 filing

Tax-deductible

Minneapolis, MNCemetery / fraternalEIN 41-0123097Revenue $92K in FY2020

On file with the IRSlhl277.org4519 France Ave S, 55410-1369 · Minneapolis, MNTax-exempt since Sep 1941

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Fraternal masonic lodge that grants post-secondary education scholarships and provides financial support to community nonprofit organizations.

Tax-exempt charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $8K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 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
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$16K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$92K
Spent
$69K
To programs
0%
Net assets
$727K
By yearFY2020–FY2024
Revenue
$92K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$92K
FY2021$133K
FY2022$97K
FY2023$59K
FY2024$133K
Expenses
$69K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$69K
FY2021$101K
FY2022$85K
FY2023$96K
FY2024$121K
Net assets
$727K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$727K
FY2021$782K
FY2022$660K
FY2023$724K
FY2024$751K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1941.

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Senior Warde
$0Pt VII · Sec A
Junior Warde
$0Pt VII · Sec A
Senior Deaco
$0Pt VII · Sec A
Junior Deaco
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Senior Stewa
$0Pt VII · Sec A
See Ancient Free & Accepted Masons 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

Grants scholarships and supports community nonprofits.

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Provided by the organization

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2 programs · $3K · in their own filed words · FY2020
01

A bikes for books program with a local elementary school

$3Kprogram expense
02

Miscellaneous

$120program expense

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 · 6 grants · $27K · 2021–2024
Unitemized GrantFY2024$6,000
Unitemized GrantFY2024$4,500
Unitemized GrantFY2023$6,000
Unitemized GrantFY2023$4,000
Unitemized GrantFY2022$3,724
Unitemized GrantFY2021$3,150

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$92K
Ln 12
Gifts and grantsLn 1h$55K
Investment incomeLn 3$34K
Fees for servicesLn 2g$3K
Money outPt IX
$69K
Ln 25
Owns and owesPt X
$727K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$743K
LiabilitiesLn 26$16K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55K
Fees for servicesLn 2g$3K
Investment incomeLn 3$34K
Other incomeLn 4–11$293
Gains on assetsLn 7$19K
Total revenueLn 12$92K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$28K
InvestmentsLn 11–13$594K
Land, buildings, equipmentLn 10c$119K
Total assetsLn 16$743K
LiabilitiesLn 26$16K
Net assetsLn 32$727K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$27K$28K
InvestmentsLn 11–13$563K$594K
Land, buildings, equipmentLn 10c$93K$119K
Total assetsLn 16$684K$743K
LiabilitiesLn 26$16K$16K
Net assetsLn 32$669K$727K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$120
Grants to domestic individualsLn 2$2K
Benefits paid to or for membersLn 4$357
Pay of current officers, directors and key staffLn 5$6K
Investment management feesLn 11f$4K
Office expensesLn 13$3K
OccupancyLn 16$22K
Payments to affiliatesLn 21$15K
Depreciation, depletion and amortizationLn 22$4K
Other expenses (24a–d)Ln 24$8K
All other expensesLn 24e$5K
Total functional expensesLn 25$69K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $133K$121K$12K$751K 990 PDF
FY2023 $59K$96K−$37K$724K 990 PDF
FY2022 $97K$85K$12K$660K 990 PDF
FY2021 $133K$101K$32K$782K 990 PDF
FY2020 Viewing $92K$69K$23K$727K 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 $92,328 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $61,380$54,774
I-9 Program service revenue$2,955
I-10 Investment incomePrior year $24,543$34,306
I-11 Other revenuePrior year $7,947$293
I-12 Total revenuePrior year $93,870$92,328
I-13 Grants and similar amounts paidPrior year $14,230$1,703
I-14 Benefits paid to members$357
I-15 Salaries and benefitsPrior year $6,018$6,400
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $52,480$60,672
I-18 Total expensesPrior year $72,728$69,132
I-19 Revenue less expensesPrior year $21,142$23,196
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $92,328 across 9 lines filed
VIII-1b Membership dues$51,417
VIII-1f All other contributions, gifts and grants$3,357
VIII-1h Total contributions, gifts and grants$54,774
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,955$2,955
VIII-3 Investment incomeRelated to mission −$100 · Excluded from tax $15,354$15,254
VIII-7 Net gain or loss on sales of assetsRelated to mission $19,052$19,052
VIII-8 Net income from fundraising eventsExcluded from tax −$264−$264
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $504 · Excluded from tax $53$557
VIII-12 Total revenueRelated to mission $22,411 · Excluded from tax $15,143$92,328
Part IX · Statement of functional expenses $69,132 across 11 lines filed
IX-1 Grants to domestic organizations$120
IX-2 Grants to domestic individuals$1,583
IX-4 Benefits paid to or for members$357
IX-5 Pay of current officers, directors and key staff$6,400
IX-11f Investment management fees$3,953
IX-13 Office expenses$3,173
IX-16 Occupancy$21,500
IX-21 Payments to affiliates$14,818
IX-22 Depreciation, depletion and amortization$4,120
IX-24 Other expenses (24a–d)$8,444
IX-24e All other expenses$4,664
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$69,132
Part X · Balance sheet $742,875 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $16,169$17,007
X-2 Savings and temporary cash investmentsStart of year $10,704$10,813
X-8 Inventories for sale or useStart of year $1,507$1,507
X-10c Land, buildings and equipment, netStart of year $92,996$119,104
X-11 Publicly traded securitiesStart of year $563,058$594,444
X-16 Total assetsStart of year $684,434$742,875
X-19 Deferred revenueStart of year $15,395$15,240
X-25 Other liabilitiesStart of year $400$800
X-26 Total liabilitiesStart of year $15,795$16,040
X-27 Net assets without donor restrictionsStart of year $668,639$726,835
X-32 Total net assets or fund balancesStart of year $668,639$726,835
X-33 Total liabilities and net assetsStart of year $684,434$742,875
Part XI · Reconciliation of net assets $726,835 net assets at year end
XI-1 Total revenue$92,328
XI-2 Total expenses$69,132
XI-3 Revenue less expenses$23,196
XI-4 Net assets at start of year$668,639
XI-9 Other changes in net assets$35,000
XI-10 Net assets at end of year$726,835

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

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