Ancient & Accepted Scottish Rite FY2022 filing

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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, FY2022. 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.
23¢ of each $1 spent went to programs.
$44K 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

FY2022 · 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
23%
of spending
23% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$44K
to officers and key staff · 14% of spending
Pay to officers and key staff is 14% of spending.
Part VII, Section A
2.9 mo
of spending, in cash
Plus $2.9M in investments, Pt X · Ln 11–13
2.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$127K
4% of total assets
Liabilities are 4% of assets.
Pt X · Ln 26
Independent board members
31
of 31 voting members
31 of 31 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$303K
+92% vs prior year
Spent
$327K
To programs
23%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$303K
FY2022▲ +92%
Tap a bar for its year
Revenue by fiscal year
FY2020$162K
FY2021$158K
FY2022$303K
FY2023$243K
FY2024$144K
Expenses
$327K
FY2022▲ +79%
Tap a bar for its year
Expenses by fiscal year
FY2020$306K
FY2021$183K
FY2022$327K
FY2023$316K
FY2024$350K
Net assets
$2.9M
FY2022▼ -12%
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 FY2022 Form 990 · see the original

You’re viewing the FY2022 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 1940.

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

Where the money goes

23 cents of each dollar spent went to programs.

Program services 23% · $74K Management & general 77% · $254K

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

31 people listed on the 990; $44K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
General Secr
$44,449Pt VII · Sec A
Chairman of
$0Pt VII · Sec A
East Texas M
$0Pt VII · Sec A
Director of
$0Pt VII · Sec A
Rose Croix
$0Pt VII · Sec A
Arm & Arm Co
$0Pt VII · Sec A
F & I Chairm
$0Pt VII · Sec A
Lodge of Per
$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 · FY2022
01

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

Form 990 Part III, line 4, FY2022. 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$303K
Ln 12
Investment incomeLn 3$168K
Gifts and grantsLn 1h$125K
Other incomeLn 4–11$11K
Money outPt IX
$327K
Ln 25
Programscol B$74K
Managementcol C$254K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$3.0M
LiabilitiesLn 26$127K
PeoplePt VI, VII
31
listed · VII A
PaidVII A1
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$125K
Investment incomeLn 3$168K
Other incomeLn 4–11$11K
Total revenueLn 12$303K
Assets in detailPt X, end of year
CashLn 1$79K
Cash and savings togetherLn 1–2$79K
Inventories for sale or useLn 8$13K
Land, buildings, equipmentLn 10c$4K
InvestmentsLn 11–13$2.9M
Other assetsLn 15$2K
Total assetsLn 16$3.0M
LiabilitiesLn 26$127K
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$19K
Share of the $858K endowmentSch D 1g2.3%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$858K$858K$857K$848K$826K
AddedLn 1b$3K$3K$10K$25K$46K
SpentLn 1d–1f$4K$2K$846$4K$2K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$202K$79K
InvestmentsLn 11–13$3.1M$2.9M
Land, buildings, equipmentLn 10c$8K$4K
Total assetsLn 16$3.3M$3.0M
LiabilitiesLn 26$97K$127K
Net assetsLn 32$3.2M$2.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$44K$44K
Other salaries and wagesLn 7$30K$30K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$19K$19K
Advertising and promotionLn 12$55$55
Office expensesLn 13$8K$8K
Information technologyLn 14$3K$3K
OccupancyLn 16$42K$42K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$275$275
InterestLn 20$4K$4K
Payments to affiliatesLn 21$71K$71K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$54K$23K$31K
All other expensesLn 24e$3K$3K$749
Total functional expensesLn 25$327K$74K$254K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2022 ViewingFiled 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 FY2022 990
Part I · Summary $303,370 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $126,589$124,722
I-9 Program service revenue$0
I-10 Investment incomePrior year $82,824$167,692
I-11 Other revenuePrior year $14,907$10,956
I-12 Total revenuePrior year $224,320$303,370
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $75,806$85,868
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $145,314$241,357
I-18 Total expensesPrior year $221,120$327,225
I-19 Revenue less expensesPrior year $3,200−$23,855
Part VI · Governance 31 of 31 board members independent, 1 to look at
VI-1a Voting members of the governing body31
VI-1b Independent voting members31
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 $303,370 across 6 lines filed
Lines not itemized here account for $370 of total revenue; see the IRS return.
VIII-1b Membership dues$109,929
VIII-1f All other contributions, gifts and grants$14,793
VIII-1h Total contributions, gifts and grants$124,722
VIII-3 Investment incomeRelated to mission $51,251 · Excluded from tax $116,441$167,692
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,586$10,586
VIII-12 Total revenueRelated to mission $62,207 · Excluded from tax $116,441$303,370
Part IX · Statement of functional expenses $327,225 across 18 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $44,449$44,449
IX-7 Other salaries and wagesManagement $29,533$29,533
IX-9 Other employee benefitsManagement $6,046$6,046
IX-10 Payroll taxesManagement $5,840$5,840
IX-11c Accounting feesManagement $13,000$13,000
IX-11f Investment management feesManagement $19,317$19,317
IX-12 Advertising and promotionManagement $55$55
IX-13 Office expensesManagement $8,306$8,306
IX-14 Information technologyManagement $2,715$2,715
IX-16 OccupancyManagement $42,000$42,000
IX-17 TravelManagement $6,165$6,165
IX-19 Conferences, conventions and meetingsManagement $275$275
IX-20 InterestManagement $4,108$4,108
IX-21 Payments to affiliatesManagement $71,151$71,151
IX-22 Depreciation, depletion and amortizationPrograms $3,750$3,750
IX-23 InsuranceManagement $12,930$12,930
IX-24 Other expenses (24a–d)Programs $22,935 · Management $31,396$54,331
IX-24e All other expensesPrograms $2,505 · Management $749$3,254
IX-25 Total functional expensesPrograms $73,639 · Management $253,586 · Fundraising $0$327,225
Part X · Balance sheet $3,019,776 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $201,902$79,323
X-8 Inventories for sale or useStart of year $13,127$13,127
X-10c Land, buildings and equipment, netStart of year $7,500$3,750
X-12 Other securitiesStart of year $3,101,669$2,921,233
X-15 Other assetsStart of year $2,348$2,343
X-16 Total assetsStart of year $3,326,721$3,019,776
X-17 Accounts payable and accrued expensesStart of year $19,020$8,699
X-19 Deferred revenueStart of year $77,280$73,062
X-25 Other liabilitiesStart of year $202$44,742
X-26 Total liabilitiesStart of year $96,502$126,503
X-27 Net assets without donor restrictionsStart of year $3,230,219$2,893,273
X-32 Total net assets or fund balancesStart of year $3,230,219$2,893,273
X-33 Total liabilities and net assetsStart of year $3,326,721$3,019,776
Part XI · Reconciliation of net assets $2,893,273 net assets at year end
XI-1 Total revenue$303,370
XI-2 Total expenses$327,225
XI-3 Revenue less expenses−$23,855
XI-4 Net assets at start of year$3,230,219
XI-5 Net unrealized gains (losses) on investments−$313,091
XI-10 Net assets at end of year$2,893,273

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

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