Memphis Masonic Temple INC

IRS exemption revoked

Cordova, TNReligious organization EIN 62-0291775Revenue $2.1M in FY2021

On file with the IRS7856 Macon Rd · Cordova, TN

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To hold title to real estate.

95¢ of each $1 spent went to programs.
$1K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
Spent
$95K
To programs
95%
Net assets
$1K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $91K Management & general 5% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $1K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$1,200Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Memphis 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

Memphis Masonic Temple INC is a religious organization based in Cordova, TN.

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1 program · in their own filed words · FY2020
01

Maintained building.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Investment incomeLn 3$2.0M
Fees for servicesLn 2g$58K
Money outPt IX
$95K
Ln 25
Programscol B$91K
Managementcol C$5K
Owns and owesPt X
$1K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$1K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$58K
Investment incomeLn 3$2.0M
Gains on assetsLn 7$2.0M
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1K
LiabilitiesLn 26$0
Net assetsLn 32$1K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$3K$1K
Land, buildings, equipmentLn 10c$37K$0
Total assetsLn 16$41K$1K
LiabilitiesLn 26$5K$0
Net assetsLn 32$35K$1K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$1K$0$1K$0
Investment management feesLn 11f$50$0$50$0
Office expensesLn 13$4K$0$4K$0
OccupancyLn 16$90K$90K$0$0
Other expenses (24a–d)Ln 24$153$153$0$0
Total functional expensesLn 25$95K$91K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $2.1M$95K$2.0M$1K 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 FY2021 990 (6 parts)
Part I · Summary $2,094,525 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,500$0
I-9 Program service revenuePrior year $68,664$57,534
I-10 Investment incomePrior year $126$2,036,991
I-11 Other revenue$0
I-12 Total revenuePrior year $73,290$2,094,525
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 $80,185$95,439
I-18 Total expensesPrior year $80,185$95,439
I-19 Revenue less expensesPrior year −$6,895$1,999,086
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $2,094,525 across 3 lines filed
Lines not itemized here account for $57,534 of total revenue; see the IRS return.
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$29
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,036,962 · Unrelated business $0 · Excluded from tax $0$2,036,962
VIII-12 Total revenueRelated to mission $2,094,525 · Unrelated business $0 · Excluded from tax $0$2,094,525
Part IX · Statement of functional expenses $95,439 across 5 lines filed
IX-11a Management feesPrograms $0 · Management $1,200 · Fundraising $0$1,200
IX-11f Investment management feesPrograms $0 · Management $50 · Fundraising $0$50
IX-13 Office expensesPrograms $0 · Management $3,587 · Fundraising $0$3,587
IX-16 OccupancyPrograms $90,449 · Management $0 · Fundraising $0$90,449
IX-24 Other expenses (24a–d)Programs $153 · Management $0 · Fundraising $0$153
IX-25 Total functional expensesPrograms $90,602 · Management $4,837 · Fundraising $0$95,439
Part X · Balance sheet $1,480 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $3,473$1,480
X-10c Land, buildings and equipment, netStart of year $36,800$0
X-16 Total assetsStart of year $40,585$1,480
X-26 Total liabilitiesStart of year $5,259$0
X-32 Total net assets or fund balancesStart of year $35,326$1,480
X-33 Total liabilities and net assetsStart of year $40,585$1,480
Part XI · Reconciliation of net assets $1,480 net assets at year end
XI-1 Total revenue$2,094,525
XI-2 Total expenses$95,439
XI-3 Revenue less expenses$1,999,086
XI-4 Net assets at start of year$35,326
XI-9 Other changes in net assets−$2,032,932
XI-10 Net assets at end of year$1,480

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

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