Nonprofit · EIN 42-1334638
IOWA MASONIC LIBRARY ASSOCIATION
Tax-exempt · CEDAR RAPIDS, IA 52406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2024 | 990 | $47,362 | $94,533 | -$47,171 | $1,496,496 | $14,642 | $1,481,854 |
| August 31, 2023 | 990 | $129,515 | $138,865 | -$9,350 | $1,362,655 | $10,215 | $1,352,440 |
Financial details: 990 for the year ended August 31, 2024
Revenue
- Contributions, gifts and grants
- $14,165
- Program service revenue
- $0
- Investment income
- $33,197
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,117
- Program services (functional)
- $94,533
Balance sheet and other
- Total assets, start of year
- $1,362,655
- Total assets, end of year
- $1,496,496
- Total liabilities, end of year
- $14,642
- Net assets, end of year
- $1,481,854
- Net assets without donor restrictions
- $1,481,854
- Gross receipts
- $47,362
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1924
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD L BOWERSOX | TREASURER Trustee or director, Officer | 1 | $0 |
| JOHN M KLAUS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DENNIS M ZAHRT | DIRECTOR Trustee or director | 1 | $0 |
| CRAIG L DAVIS | SECRETARY Trustee or director, Officer | 1 | $0 |
| ERIC A ROZEBOOM | DIRECTOR Trustee or director | 1 | $0 |
| ART CRANDON | DIRECTOR Trustee or director | 1 | $0 |
| BILL PAISLEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended August 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD L BOWERSOX | TREASURER Trustee or director, Officer | 1 | $0 |
| JOHN M KLAUS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DENNIS M ZAHRT | DIRECTOR Trustee or director | 1 | $0 |
| CRAIG L DAVIS | SECRETARY Trustee or director, Officer | 1 | $0 |
| ERIC A ROZEBOOM | DIRECTOR Trustee or director | 1 | $0 |
| ART CRANDON | DIRECTOR Trustee or director | 1 | $0 |
| BILL PAISLEY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 279, CEDAR RAPIDS, IA 52406-0279
- Principal officer (990 for 2023)
- CRAIG DAVIS, P O BOX 279, CEDAR RAPIDS, IA 524060279
- Signed the 990
- CRAIG DAVIS, GRAND SECRETARY
- Phone
- (319) 365-1438
- Return prepared by
- HONKAMP PC
Mission
THE PURPOSE OF THE MASONIC CHARITABLE EDUCATIONAL ASSOCIATION IS TO SOLICIT, RECEIVE AND PROVIDE SCHOLARSHIPS AND LOW INTEREST STUDENT LOANS TO DESERVING PERSONS WHO ARE SPONSORED BY MEMBERS OF THE GRAND LODGE OF IOWA, A.F. & A.M. AND WHO ARE PRIMARILY RESIDENTS OF THE STATE OF IOWA.
Program accomplishments
- THE ASSOCIATION MAINTAINED A LIBRARY AND LIBRARY SERVICES FOR GRAND LODGE MEMBERS AND THE GENERAL PUBLIC. THE LIBRARY HAD 300 VISITORS IN TAX YEAR 2023.Expenses $94,533
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | Not on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 42-1334638
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- August
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $1,496,496
- Income (IRS master file)
- $47,362
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2024 | $47,362 | $94,533 | $1,496,496 | XML |
| 990 | August 2023 | $129,515 | $138,865 | $1,362,655 | XML |
| 990 | August 2022 | $419,791 | $67,977 | $1,312,866 | IRS |
| 990 | August 2021 | $25,059 | $9,500 | $1,113,017 | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1334638).
Questions about IOWA MASONIC LIBRARY ASSOCIATION
- What is the EIN of IOWA MASONIC LIBRARY ASSOCIATION?
- The employer identification number (EIN) of IOWA MASONIC LIBRARY ASSOCIATION is 42-1334638.
- Is IOWA MASONIC LIBRARY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to IOWA MASONIC LIBRARY ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA MASONIC LIBRARY ASSOCIATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of IOWA MASONIC LIBRARY ASSOCIATION due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA MASONIC LIBRARY ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2024.
- Who is the principal officer of IOWA MASONIC LIBRARY ASSOCIATION?
- The 990 for the year ended August 31, 2024 names CRAIG DAVIS.
- Who are the officers and directors of IOWA MASONIC LIBRARY ASSOCIATION?
- The 990 for the year ended August 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does IOWA MASONIC LIBRARY ASSOCIATION have?
- On its 990 for the year ended August 31, 2024 it reported revenue of $47,362, expenses of $94,533 and total assets of $1,496,496 at year end.
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