Ancient & Accepted Scottish Rite

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To improve our members and enhance the communities in which they live by teaching and emulating the principles of brotherly love, tolerance, charity, and truth while actively enbracing high social, moral, and spiritual values including fellowship, compassion,and dedication to god, family and country.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-1301977) · Dispute this line
Tax-exempt charity; gifts are tax-deductible.
27¢ of each $1 spent went to programs.
$55K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $94K a year · 47% of revenue · last 5 filings
A surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
27%
of spending
27% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 16% of spending
Pay to officers and key staff is 16% of spending.
Part VII, Section A
2.2 mo
of spending, in cash
Plus $2.8M in investments, Pt X · Ln 11–13
2.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$204K
7% of total assets
Liabilities are 7% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$144K
-41% vs prior year
Spent
$350K
To programs
27%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$144K
FY2024▼ -41%
Tap a bar for its year
Revenue by fiscal year
FY2020$162K
FY2021$158K
FY2022$303K
FY2023$243K
FY2024$144K
Expenses
$350K
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$306K
FY2021$183K
FY2022$327K
FY2023$316K
FY2024$350K
Net assets
$2.9M
FY2024▲ +0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.3M
FY2022$2.9M
FY2023$2.8M
FY2024$2.9M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1940.

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

Where the money goes

27 cents of each dollar spent went to programs.

Program services 27% · $93K Management & general 73% · $257K

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

8 people listed on the 990; $55K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Secretary
$54,843Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
West Texas M
$0Pt VII · Sec A
Reunion Dire
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mike Waldrop$54,843$52,542$44,449$44,960$38,192

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 Ancient & Accepted Scottish Rite executive salaries →

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

Promotes brotherly love, tolerance, charity, and truth through fellowship and dedication to God, family, and country.

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1 program · in their own filed words · FY2024
01

To improve and expand comradery between men of the surrounding communities through fellowship and works

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-1301977) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$144K
Ln 12
Investment incomeLn 3$87K
Gifts and grantsLn 1h$38K
Other incomeLn 4–11$19K
Money outPt IX
$350K
Ln 25
Programscol B$93K
Managementcol C$257K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$3.1M
LiabilitiesLn 26$204K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38K
Investment incomeLn 3$87K
Other incomeLn 4–11$19K
Total revenueLn 12$144K
Assets in detailPt X, end of year
CashLn 1$64K
Cash and savings togetherLn 1–2$64K
Accounts receivableLn 4$150
Notes and loans receivableLn 7$140K
Inventories for sale or useLn 8$13K
InvestmentsLn 11–13$2.8M
Other assetsLn 15$3K
Total assetsLn 16$3.1M
LiabilitiesLn 26$204K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$18K
Share of the $853K endowmentSch D 1g2.1%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$853K$855K$858K$858K$857K
AddedLn 1b$3K$4K$3K$3K$10K
SpentLn 1d–1f$5K$6K$4K$2K$846
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$117K$64K
InvestmentsLn 11–13$2.8M$2.8M
Total assetsLn 16$3.0M$3.1M
LiabilitiesLn 26$127K$204K
Net assetsLn 32$2.8M$2.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$55K$55K
Other salaries and wagesLn 7$54K$54K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$18K$18K
Office expensesLn 13$12K$12K
Information technologyLn 14$982$982
OccupancyLn 16$72K$72K
TravelLn 17$9K$9K
Conferences, conventions and meetingsLn 19$9K$9K
Payments to affiliatesLn 21$50K$50K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$36K$36K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$350K$93K$257K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $144K$350K−$207K$2.9M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $243K$316K−$72K$2.8M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $303K$327K−$24K$2.9M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $158K$183K−$25K$3.3M 990 PDF
FY2020Filed with the IRS Nov 19, 2021 $162K$306K−$143K$3.0M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $143,702 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $121,810$37,849
I-9 Program service revenue$0
I-10 Investment incomePrior year $102,148$86,569
I-11 Other revenuePrior year $19,363$19,284
I-12 Total revenuePrior year $243,321$143,702
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $107,632$124,616
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $208,175$225,602
I-18 Total expensesPrior year $315,807$350,218
I-19 Revenue less expensesPrior year −$72,486−$206,516
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $143,702 across 6 lines filed
Lines not itemized here account for −$117 of total revenue; see the IRS return.
VIII-1b Membership dues$30,502
VIII-1f All other contributions, gifts and grants$7,347
VIII-1h Total contributions, gifts and grants$37,849
VIII-3 Investment incomeRelated to mission −$16,020 · Excluded from tax $102,589$86,569
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,401$19,401
VIII-12 Total revenueRelated to mission $3,264 · Excluded from tax $102,589$143,702
Part IX · Statement of functional expenses $350,218 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $54,843$54,843
IX-7 Other salaries and wagesManagement $54,452$54,452
IX-9 Other employee benefitsManagement $6,876$6,876
IX-10 Payroll taxesManagement $8,445$8,445
IX-11c Accounting feesManagement $6,500$6,500
IX-11f Investment management feesManagement $17,718$17,718
IX-13 Office expensesManagement $12,344$12,344
IX-14 Information technologyManagement $982$982
IX-16 OccupancyManagement $72,000$72,000
IX-17 TravelManagement $8,902$8,902
IX-19 Conferences, conventions and meetingsManagement $8,631$8,631
IX-21 Payments to affiliatesManagement $49,691$49,691
IX-23 InsuranceManagement $10,549$10,549
IX-24 Other expenses (24a–d)Programs $35,793$35,793
IX-24e All other expensesPrograms $2,492$2,492
IX-25 Total functional expensesPrograms $93,128 · Management $257,090 · Fundraising $0$350,218
Part X · Balance sheet $3,055,581 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $117,430$63,912
X-4 Accounts receivableStart of year $465$150
X-7 Notes and loans receivable$140,000
X-8 Inventories for sale or useStart of year $13,127$13,127
X-12 Other securitiesStart of year $2,822,211$2,835,577
X-15 Other assetsStart of year $2,973$2,815
X-16 Total assetsStart of year $2,956,206$3,055,581
X-17 Accounts payable and accrued expensesStart of year $10,120$17,088
X-19 Deferred revenueStart of year $71,148$141,457
X-25 Other liabilitiesStart of year $45,626$45,626
X-26 Total liabilitiesStart of year $126,894$204,171
X-27 Net assets without donor restrictionsStart of year $2,829,312$2,851,410
X-32 Total net assets or fund balancesStart of year $2,829,312$2,851,410
X-33 Total liabilities and net assetsStart of year $2,956,206$3,055,581
Part XI · Reconciliation of net assets $2,851,410 net assets at year end
XI-1 Total revenue$143,702
XI-2 Total expenses$350,218
XI-3 Revenue less expenses−$206,516
XI-4 Net assets at start of year$2,829,312
XI-5 Net unrealized gains (losses) on investments$228,614
XI-10 Net assets at end of year$2,851,410

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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