Civic Intelligence

Ancient Accepted Scottish Rite Of

990 • Fiscal year 2024 • EIN 25-0323605

Aug 01, 2023 to Jul 31, 2024 • Filed on Oct 29, 2024

4701 Old Zuck RoadErie, PA 16506-4963

(814) 835-2262

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.00x

Higher debt load relative to assets than 65% of similar nonprofits.

2024 filings • 501(c)10 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.06x

Higher debt load relative to revenue than 69% of similar nonprofits.

2024 filings • 501(c)10 • $1M-$5M nonprofits • Source year 2024

Net Margin

18th percentile

-18%

Higher net margin than 18% of similar nonprofits.

2024 filings • 501(c)10 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)10 • $1M-$5M nonprofits • Source year 2024

Asset Growth

61st percentile

8.0%

Faster asset growth than 61% of similar nonprofits.

2024 filings • 501(c)10 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-8.3%

Faster revenue growth than 23% of similar nonprofits.

2024 filings • 501(c)10 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,788,598

Up $183,665 (+11%) from 2022

Net Assets

Up

$1,782,331

Up $181,096 (+11%) from 2022

Liabilities

Up

$6,267

Up $2,569 (+69%) from 2022

Revenue

Down

$110,260

Down $20,825 (-16%) from 2022

Expenses

Up

$130,203

Up $5,027 (+4.0%) from 2022

Net Income

Down

-$19,943

Down $25,852 (-438%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2020: $1,562,529Liabilities 2020: $10,409Net Assets 2020: $1,552,1202020Assets 2021: $1,872,556Liabilities 2021: $5,649Net Assets 2021: $1,866,9072021Assets 2022: $1,604,933Liabilities 2022: $3,698Net Assets 2022: $1,601,2352022Assets 2024: $1,788,598Liabilities 2024: $6,267Net Assets 2024: $1,782,3312024Assets 2025: $1,905,998Liabilities 2025: $8,529Net Assets 2025: $1,897,4692025

Highlighted filing

2024

Assets$1,788,598
Liabilities$6,267
Net Assets$1,782,331

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2020: $129,066Expenses 2020: $133,835Net Income 2020: -$4,7692020Revenue 2021: $105,452Expenses 2021: $103,131Net Income 2021: $2,3212021Revenue 2022: $131,085Expenses 2022: $125,176Net Income 2022: $5,9092022Revenue 2024: $110,260Expenses 2024: $130,203Net Income 2024: -$19,9432024Revenue 2025: $112,010Expenses 2025: $105,836Net Income 2025: $6,1742025

Highlighted filing

2024

Revenue$110,260
Expenses$130,203
Net Income-$19,943
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Oct 29, 2024
Return Version
2023v5.0
Gross Receipts
$110,260
Mission and Program Overview

Mission

Strengthen the masonic way of life by improving the individual character, leadership and spirit of its members. Inspire men to support the principles of freemasonry. Promote family and community values. Serve mankind through the impact of extensive charitable outreach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,604,535$1,748,585▲ $144,050
Cash and Non-Interest-Bearing Accounts$39,289$29,715▼ $9,574
Land, Buildings, and Equipment, Net$6,083$5,306▼ $777
Prepaid Expenses and Deferred Charges$4,022$3,481▼ $541
Accounts Receivable$1,510$1,511▲ $1
Inventories for Sale or Use$690--
Total Assets$1,656,129$1,788,598▲ $132,469
Liabilities
Accounts Payable and Accrued Expenses$2,661$3,737▲ $1,076
Other Liabilities$6,818$2,530▼ $4,288
Total Liabilities$9,479$6,267▼ $3,212
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,625,276$1,771,965▲ $146,689
Net Assets Without Donor Restrictions$21,374$10,366▼ $11,008
Total Net Assets Fund Balance$1,646,650$1,782,331▲ $135,681
Total Liabilities and Net Assets / Fund Balance$1,656,129$1,788,598▲ $132,469

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$144,173-$144,173
Leasehold Improvements$23,010-$23,010
Buildings$3,931-$3,931
Other Land Buildings$-165,808$165,808-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,625,275$3,760▲ $201,491$45,269$1,775,724
2022$1,575,497-▲ $103,260$44,482$1,625,275
2021$1,805,471$3,348▼ $206,435$17,885$1,575,497
2020$1,514,895$4,077▲ $351,224$55,232$1,805,471
2019$1,513,730$1,115▲ $55,069$46,367$1,514,895
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$51,020
Investment Income
$45,865
Other Revenue
$13,375
Change in Net Assets
$-19,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,322
Salaries, Compensation, and Employee Benefits$19,881
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$35,226--$35,226
Other Salaries and Wages$19,881--$19,881
Payments to Affiliates$16,768--$16,768
Fees for Service Investment Mgmnt Fees$9,533--$9,533
Insurance$7,131--$7,131
Office Expenses$5,844--$5,844
Fees for Services Accounting$5,609--$5,609
All Other Expenses$2,606--$2,606
Other Expenses$2,151--$2,151
Travel$1,425--$1,425
Depreciation Depletion$778--$778
Total Functional Expenses$130,203$0$0$130,203
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$1,191
Funds Payable$1,170
Payroll Taxes Accrued & Withheld$169
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization is currently comprised of members. Membership is maintained through the annual payment of dues.

Form 990, Page 6, Part VI, Line 7A

Membership of the organization have the power to elect members of the governing body.

Form 990, Page 6, Part VI, Line 10B

Governing body retains all policies and procedures for all affiliated branches.

Form 990, Page 6, Part VI, Line 11B

Governing body reviews form 990 before filing.

Form 990, Page 6, Part VI, Line 12C

Governing body periodically reviews list of officers and considers any conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

Governing body approves compensation of key employees, governing individuals not compensated.

Form 990, Page 6, Part VI, Line 15B

Governing body approves compensation of all other key employees.

Form 990, Page 6, Part VI, Line 19

Governing body provides all governing documents, conflict of interest policy, and financial statements to any individual who requests them.

Filing and Contact Details

Filer

Filer Name
Ancient Accepted Scottish Rite of
EIN
25-0323605
Phone
8148352262
Address
4701 OLD ZUCK ROAD, ERIE, PA 16506-4963
Doing Business As
Valley of Erie-scottish Rite Bodies

Signing Officer

Name
Paul J Gornall
Title
Treasurer
Phone
8148352262
Signed
2024-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul J Gornall
Formed
1888
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
0
Employees
2

Preparer

Firm
BRINK & ASSOCIATES CPA'S
Address
3025 PEACH ST, ERIE, PA 16508
Preparer
Edward L Brink Ii
Phone
8144569695
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Strengthen the masonic way of life by improving the individual character, leadership and spirit of its members. Inspire men to support the principles of freemasonry. Promote family and community values. Serve mankind through the impact of extensive charitable outreach.

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The organization will hold the funds due to other non-profit organizations and make payments after receiving the majority of the contributions during the organization's heavy contribution periods.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAXES ACCRUED & WITHHELD
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STRENGTHEN THE MASONIC WAY OF LIFE BY IMPROVING THE INDIVIDUAL CHARACTER, LEADERSHIP AND SPIRIT OF ITS MEMBERS. INSPIRE MEN TO SUPPORT THE PRINCIPLES OF FREEMASONRY. PROMOTE FAMILY AND COMMUNITY VALUES. SERVE MANKIND THROUGH THE IMPACT OF EXTENSIVE CHARITABLE OUTREACH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS CURRENTLY COMPRISED OF MEMBERS. MEMBERSHIP IS MAINTAINED THROUGH THE ANNUAL PAYMENT OF DUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERSHIP OF THE ORGANIZATION HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING BODY RETAINS ALL POLICIES AND PROCEDURES FOR ALL AFFILIATED BRANCHES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING BODY REVIEWS FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING BODY PERIODICALLY REVIEWS LIST OF OFFICERS AND CONSIDERS ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING BODY APPROVES COMPENSATION OF KEY EMPLOYEES, GOVERNING INDIVIDUALS NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING BODY APPROVES COMPENSATION OF ALL OTHER KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING BODY PROVIDES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO ANY INDIVIDUAL WHO REQUESTS THEM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ANCIENT ACCEPTED SCOTTISH RITE OF
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-29

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