Damosque Ltd FY2023 filing

Not tax-deductible

Webster, NYMutual-benefit / member-servingSince 1979EIN 51-0244672Revenue $24K in FY2023

On file with the IRSdamascusshrinemasons.org979 Bay Rd, 14580-1736 · Webster, NYTax-exempt since May 1980

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Title holding organization for the assets of Damascus Shriners, an exempt organization under 501(C)(10).

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $6K a year · 55% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
36 mo
of spending, in cash
Looks good: 36.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$187K
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$24K
+29% vs prior year
Spent
$15K
To programs
0%
Net assets
$139K
By yearFY2020–FY2025
Revenue
$24K
FY2023▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020−$42K
FY2021$16K
FY2022$19K
FY2023$24K
FY2024$37K
FY2025$15K
Expenses
$15K
FY2023▼ -38%
Tap a bar for its year
Expenses by fiscal year
FY2020$10K
FY2021$31K
FY2022$24K
FY2023$15K
FY2024$15K
FY2025$12K
Net assets
$139K
FY2023▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$142K
FY2021$140K
FY2022$109K
FY2023$139K
FY2024$193K
FY2025$250K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1980.

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Recorder
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Rabban
$0Pt VII · Sec A
Assistnt Rabban
$0Pt VII · Sec A
High Priest
$0Pt VII · Sec A
Oriental Guide
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Damosque Ltd 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 15aYes

Programs and updates

Holds assets for Damascus Shriners, supporting their mission.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

The Organization is a title holding organization for the assets of Damascus Shriners, which is its only purpose in an effort to assist the mission of the temple.

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$24K
Ln 12
Other incomeLn 4–11$21K
Investment incomeLn 3$3K
Money outPt IX
$15K
Ln 25
Owns and owesPt X
$139K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$326K
LiabilitiesLn 26$187K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$3K
Other incomeLn 4–11$21K
Gains on assetsLn 7$940
Total revenueLn 12$24K
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$0
Cash and savings togetherLn 1–2$45K
InvestmentsLn 11–13$140K
Land, buildings, equipmentLn 10c$140K
Other assetsLn 15$0
Total assetsLn 16$326K
LiabilitiesLn 26$187K
Net assetsLn 32$139K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$24K$45K
InvestmentsLn 11–13$123K$140K
Land, buildings, equipmentLn 10c$147K$140K
Total assetsLn 16$296K$326K
LiabilitiesLn 26$186K$187K
Net assetsLn 32$109K$139K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$250
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$1K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$29
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$7K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$6K
All other expensesLn 24e$0
Total functional expensesLn 25$15K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $15K$12K$3K$250K 990 PDF
FY2024 $37K$15K$22K$193K 990 PDF
FY2023 Viewing $24K$15K$10K$139K 990 PDF
FY2022 $19K$24K−$5K$109K 990 PDF
FY2021 $16K$31K−$15K$140K 990 PDF
FY2020 −$42K$10K−$52K$142K 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 FY2023 990 (6 parts)
Part I · Summary $24,485 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $31,711$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $6,482$3,087
I-11 Other revenuePrior year −$19,139$21,398
I-12 Total revenuePrior year $19,054$24,485
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $24,230$14,965
I-18 Total expensesPrior year $24,230$14,965
I-19 Revenue less expensesPrior year −$5,176$9,520
Part VI · Governance 6 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $24,485 across 7 lines filed
Lines not itemized here account for $343 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $2,147$2,147
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax −$315−$315
VIII-7 Net gain or loss on sales of assetsExcluded from tax $940$940
VIII-8 Net income from fundraising events$21,370
VIII-12 Total revenueExcluded from tax $3,115$24,485
Part IX · Statement of functional expenses $14,965 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$250
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$1,130
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$29
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$7,419
IX-23 Insurance$0
IX-24 Other expenses (24a–d)$6,137
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$14,965
Part X · Balance sheet $325,733 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $23,760$44,875
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,775$846
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $147,185$139,766
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $123,110$140,246
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $295,830$325,733
X-17 Accounts payable and accrued expensesStart of year $1,330$2,187
X-25 Other liabilitiesStart of year $185,002$185,003
X-26 Total liabilitiesStart of year $186,332$187,190
X-27 Net assets without donor restrictionsStart of year $109,498$138,543
X-32 Total net assets or fund balancesStart of year $109,498$138,543
X-33 Total liabilities and net assetsStart of year $295,830$325,733
Part XI · Reconciliation of net assets $138,543 net assets at year end
XI-1 Total revenue$24,485
XI-2 Total expenses$14,965
XI-3 Revenue less expenses$9,520
XI-4 Net assets at start of year$109,498
XI-5 Net unrealized gains (losses) on investments$19,525
XI-10 Net assets at end of year$138,543

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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