Scottish Rite Masonic Museum & Library Inc in Lexington, Massachusetts (MA)

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Scottish Rite Masonic Museum & Library Inc
Employer Identification Number (EIN)042493347
Name of OrganizationScottish Rite Masonic Museum & Library Inc
Address33 Marrett Rd, Lexington, MA 02421-5703
ActivitiesLibrary, Museum, zoo, planetarium, etc.
SubsectionEducational Organization
Ruling Date03/1972
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period07/2012
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$42,618,439
Amount of Income$6,754,227
Form 990 Revenue Amount$1,336,707
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: History Museums


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Amount of income in 2012: $6,754,227
This organization: 

 $6,754,227
Other organizations performing similar types of work: 

 $163,197

Assets in 2012: $42,618,439
This organization: 

 $42,618,439
Other organizations performing similar types of work: 

 $731,051

Expenses in 2006: $3,765,401
This organization: 

 $3,765,401
Other organizations performing similar types of work: 

 $2,006,514

Income to expenses ratio in 2006: 2.3
This organization: 

 2.3
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2006: 88.0%
This organization: 

 88.0%
Other organizations performing similar types of work: 

 70.0%

Number of employees in 2006: 47
This organization: 

 47
Other organizations performing similar types of work: 

 51

Employees paid over $50,000 in 2006: 8.5%
Scottish Rite Masonic Museum & Library Inc: 

 8.5%
Other organizations performing similar types of work: 

 8.3%

Grants share in income in 2006: 16.3%
Scottish Rite Masonic Museum & Library Inc: 

 16.3%
Other organizations performing similar types of work: 

 56.2%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002200420052006
Total revenue$16,230,903$-7,455,558$4,078,585$3,193,872$4,590,839$8,473,022
Contributions, gifts, grants, and similar amounts received$1,055,058$610,995$2,483,198$583,740$932,375$1,383,897
Contributions to donor advised funds$0
Direct public support$1,055,058$610,995$2,483,198$583,740$932,375$1,383,897
Indirect public support$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0
Membership dues and assessments$116,526$137,008$156,496$178,111$196,578$180,214
Interest on savings and temporary cash investments$5,708$0$0$0$0$0
Dividends and interest from securities$3,827,261$1,361,288$979,157$868,753$969,541$1,153,626
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$10,969,805$-9,821,245$198,258$1,230,071$2,329,870$5,689,792
Gross amount from sales of assets other than inventory$49,880,260$34,437,218$4,499,947$4,270,224$11,464,990$51,824,312
Less: cost or other basis and sales expenses$38,910,455$44,258,463$4,301,689$3,040,153$9,135,120$46,134,520
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$17,465$36,055$55,733$80,106$62,475$65,493
Gross sales of inventory, less returns and allowances$116,402$111,060$125,801$163,721$189,127$172,831
Less: cost of goods sold$98,937$75,005$70,068$83,615$126,652$107,338
Other revenue$239,080$220,341$205,743$253,091$100,000$0
Total expenses$2,825,564$3,198,814$3,227,635$3,496,269$3,608,909$3,765,401
Program services$1,563,158$2,467,521$2,706,171$3,041,942$3,150,875$3,313,974
Management and general$1,158,797$579,849$396,339$311,106$344,887$347,221
Fundraising$103,609$151,444$125,125$143,221$113,147$104,206
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$55,801,131$48,826,611$44,032,728$50,489,354$50,130,425$53,842,644
Excess or (deficit) for the year$13,405,339$-10,654,372$850,950$-302,397$981,930$4,707,621
Net assets or fund balances at beginning of year$55,028,879$55,801,131$48,826,611$48,057,805$50,489,354$50,130,425
Other changes in net assets or fund balances$-12,633,087$3,679,852$-5,644,833$2,733,946$-1,340,859$-995,402
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,765,401$3,313,974$347,221$104,206
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$150,089$69,898$76,143$4,048
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,341,406$1,142,784$138,796$59,826
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$259,234$223,538$18,992$16,704
Payroll taxes$94,537$75,617$14,069$4,851
Professional fundraising fees$0$0$0$0
Accounting fees$24,000$12,000$12,000$0
Legal fees$49,102$24,551$24,551$0
Supplies$98,026$94,534$3,492$0
Telephone$5,814$5,233$581$0
Postage and shipping$2,762$2,530$232$0
Occupancy$732,253$695,900$36,353$0
Equipment rental and maintenance$71,126$71,126$0$0
Printing and publications$30,195$10,430$988$18,777
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$327,268$327,268$0$0
Other expenses not covered above$579,589$558,565$21,024$0
Balance Sheets
200020012002200420052006
Total assets$55,801,131$48,826,611$44,032,728$50,548,499$50,159,797$53,907,959
Cash - non-interest-bearing$296,331$325,214$405,333$217,230$193,806$219,258
Savings and temporary cash investments$0$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$0$0$0$21,745$0$0
Pledges receivable less allowance for doubtful accounts$50,000$25,004$0$0$149,100$216,158
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0
Inventories for sale or use$46,266$41,488$33,532$58,052$33,706$27,864
Prepaid expenses and deferred charges$0$0$75,000$23,063$0$24,427
Investments - publicly-traded securities$47,740,890
Investments - other securities$48,587,458$41,618,347$36,970,522$44,178,305$43,905,419$92,149
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$6,821,076$6,816,558$6,548,341$6,050,104$5,877,766$5,587,213
Other assets, including program-related investments$0$0$0$0$0$0
Total liabilities$0$0$0$59,145$29,372$65,315
Accounts payable and accrued expenses$0$0$0$59,145$29,372$65,315
Grants payable$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0
Total liabilities and net assets/fund balances$55,801,131$48,826,611$44,032,728$50,548,499$50,159,797$53,907,959
Total net assets or fund balances$55,801,131$48,826,611$44,032,728$50,489,354$50,130,425$53,842,644
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002200420052006
Total revenue$16,230,903$-7,455,558$4,078,585$3,193,872$4,590,839$8,473,022
Total revenue, gains, and other support per audited financial statements$3,696,755$-3,700,701$3,314,808$6,560,780$3,376,632$7,584,958
Other expenses$-12,349,148$3,824,207$1,098,653$3,366,908$-1,214,207$-888,064
Net unrealized gains on investments$-12,448,085$3,749,202$0$3,283,293$-1,340,859$-995,402
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$98,937$75,005$1,098,653$83,615$126,652$107,338
Other revenue$185,000$69,350$1,862,430$0$0$0
Investment expenses$0$0$0$0$0$0
Other$185,000$69,350$1,862,430$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002200420052006
Total expenses$2,825,564$3,198,814$3,227,635$3,496,269$3,608,909$3,765,401
Total expenses and losses per audited financial statements$2,924,501$3,273,819$3,297,703$3,579,884$3,735,561$3,872,739
Other revenue$98,937$75,005$70,068$83,615$126,652$107,338
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$98,937$75,005$70,068$83,615$126,652$107,338
Other expenses$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings15
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200647
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$6,908,911$180,214
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$180,214
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,153,626$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$5,689,792$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$65,493$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$55,270$27,566$0
$58,787$16,883$0
$61,609$13,994$0
$58,350$8,151$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
199920002001200320042005
Total$2,768,961$5,340,035$2,440,692$2,255,617$1,181,875$2,451,291
Gifts, grants, and contributions received$710,389$1,035,058$610,995$582,266$535,286$932,375
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$475,682$472,008$468,409$536,906$260,502$485,705
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$1,582,890$3,832,969$1,361,288$1,136,445$386,087$1,033,211
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
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3Society For The Preservation Of New England Antiquities Inc141 Cambridge St, Boston, MA 02114-2702MA1928-05$88,217,668
4The Edison Institute Inc20900 Oakwood Blvd, Dearborn, MI 48124-5029MI1945-08$84,799,683
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8Historic Deerfield Inc84b Old Main Street, Deerfield, MA 01342MA1953-12$20,291,963
9Scottish Rite Masonic Museum & Library Inc33 Marrett Rd, Lexington, MA 02421-5703MA1972-03$6,754,227
10General Society Of Mayflower Descendants4 Winslow St, Plymouth, MA 02360-3313MA1941-06$1,998,065
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Number of organizations performing similar types of work
Alaska6
Alabama16
Arkansas13
Arizona10
California72
Colorado16
Connecticut7
District of Columbia3
Delaware4
Florida22
Georgia13
Hawaii5
Iowa10
Idaho5
Illinois26
Indiana20
Kansas12
Kentucky15
Louisiana10
Massachusetts26
Maryland17
Maine6
Michigan18
Minnesota16
Missouri13
Mississippi3
Montana11
North Carolina22
North Dakota4
Nebraska10
New Hampshire9
New Jersey15
New Mexico3
Nevada3
New York55
Ohio32
Oklahoma11
Oregon11
Pennsylvania39
Rhode Island6
South Carolina9
South Dakota6
Tennessee13
Texas60
Utah5
Virginia35
Vermont5
Washington12
Wisconsin13
West Virginia3
Wyoming6
Total782

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