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2015

GRAND LODGE OF MISSOURI

51

receivables are included in the category, “contributions receivable from trusts and estates” on the Statement of Financial Position. LAND, 4. LAND, BUILDINGS BUILDINGS EQUIPMENT EQUIPMENT 4.4. LAND, BUILDINGS ANDAND EQUIPMENT

 

4. Land, LAND, AND EQUIPMENT Land, buildings buildings andBUILDINGS equipment, and equipment, at consists cost, consists of following the following atatJune at June 30: Land, buildings and equipment, at cost, consists of the theof following June 30: 30:  

2015 20152015

Land Land Land Land improvements Land improvements improvements Land Buildings Build ings ings Build Museum Museum andlibrary library and library Museum and Furniture Furniture and equipment equipment and equipment Furniture and Vehicles Vehicles Vehicles

$$

2014 2014 2014

$ $ $ 575,058 575,058 $575,058 575,058 575,058 575,058 73,768 73,768 73,768 73,768 73,768 73,768 10,784,952 10,784,952 10,765,647 10,765,647 10,784,952 10,765,647 842,789 842,789 842,789 842,789 842,789 842,789 189,876 189,876 229,290 229,290 189,876 229,290 69,666 69,666 83,916 83,916 69,666 83,916

12,536,109 12,536,109 12,570,468 12,570,468 Total Total 12,536,109 12,570,468 Total (3,990,161) (3,990,161)(3,686,863) Less accumulated Less accumulated accumulated depreciation depreciation (3,686,863) (3,990,161) Less depreciation (3,686,863) 4. LAND, BUILDINGS AND EQUIPMENT $ $ 8,883,605 $8,883,605 8,883,605 Land,Land, buildings buildings and equipment, equipment, and equipment, net net $ $ 8,545,948 $ 8,545,948 Land, buildings and net 8,545,948 Land, buildings and equipment, at cost, consists of the following at June 30: Depreciation expense expense for the thefor years the years endedended June June2015 30, 2015 and and 2014 was was $356,961 and and $372,000, respectively. respectively. Depreciation expense for years ended June 30, 30, 2015 and2014 2014 was$356,961 $356,961 and$372,000, $372,000, respectively.   Depreciation 2015 2014 was $356,961 2014 Depreciation expense for the years ended June 30, 2015 and

and $372,000, respectively. Land

575,058 $ 575,058 $ UNRESTRICTED 5. UNRESTRICTED NET ASSETS NET ASSETS ASSETS 5.5. UNRESTRICTED NET 73,768 Land improvements 73,768 10,784,952 The Home's The program program activities activities are accounted accounted are accounted within for within the the Operating Fund. Fund. The The Reserve Fund Fund is iscomprised is10,765,647 comprised of of of Build ingsHome's The Home's program activities are forASSETS within theOperating Operating Fund. TheReserve Reserve Fund comprised 5. UNRESTRICTED NETfor assets assets available available for operations, operations, for operations, but for for butwhich for which the thehas usebeen has been limited limited by byBoard the Board ofofDirectors. of Directors. The Operating The Operating 842,789 Museum and library 842,789 assets available for but which the use use has been limited bythe the Board Directors. The Operating Fund Fund receives receives transfers transfers of interest interest of interest and dividend and dividend investment investment income, income, net net investment of investment management management fees, from fees, the from Furniture and equipment 189,876 229,290 Fund receives transfers of and dividend investment income, netofof investment management fees, from the the Reserve Reserve andEndowment Endowment and program Endowment Funds.Funds. The Home’s activities are accounted for within the 69,666 Operating Fund. Reserve and Funds. 83,916 Vehicles

The Reserve Fund is comprised of assets available for operations, but for 12,536,109 12,570,468 Total TEMPORARILY 6.the TEMPORARILY RESTRICTED RESTRICTED NET NET ASSETS which use hasRESTRICTED been limited by theASSETS Board of Directors. The Operating Fund 6.6. TEMPORARILY NET ASSETS (3,990,161) (3,686,863) Less accumulated depreciation receives transfers of interest and dividend investment income, net of investment Temporarily Temporarily restricted restricted net assets net assets are comprised are comprised of gifts of and giftsbequests and bequests whichwhich the donors the donors require require be spent be spent for for Temporarily restricted net assets are comprised of gifts and bequests which the donors require be $spent for 8,883,605 Land, buildings and net $payments 8,545,948 fees, the Reserve and Endowment management specific specific purposes purposes or inequipment, or specific infrom specific geographical geographical areas areas (purpose (purpose restricted) restricted) or foror which forFunds. which payments are toare be received to be received specific purposes or in specific geographical areas (purpose restricted) or for which payments are to be received in a future in a future periodperiod (time (time restricted restricted pledges). pledges). Once Once a gift ahas giftbeen has spent been spent for itsfor stipulated its stipulated purpose purpose or payments or payments have have in a future period (time restricted pledges). Once a gift has been spent for its stipulated purpose or payments have been been received received pursuant pursuant pledges to pledges for which forJune which there are noare remaining no2014 remaining purpose purpose restrictions, restrictions, restrictions restrictions are are Depreciation expense fortothe years ended 30,there 2015 and was $356,961 and $372,000, respectively. been 6. received pursuant to pledges for which there are no remaining purpose restrictions, restrictions are TEMPORARILY RESTRICTED NET ASSETS considered considered to have to been have been met and metthe andequivalent the equivalent amount amount of netofassets net assets will be will reclassified be reclassified asunrestricted. asunrestricted. The The considered to have been met and the equivalent amount of net assets will be reclassified asunrestricted. The amount amount released released generally generally is dollar is dollar for dollar for dollar with respect with respect to thetoexpenditures the expenditures made made that meet that the meetrestrictions the restrictions amount released generally is dollar for dollar with respect to the expenditures made that meet the restrictions and5.for andcash for collections cash collections on a pledge. onASSETS a pledge. However, However, withare respect withcomprised respect to gifts to for giftscapital for improvements, improvements, release release of of Temporarily restricted net assets of capital gifts and bequests and for UNRESTRICTED cash collections onNET a pledge. However, with respect to gifts for capital improvements, release of which restrictions restrictions for allfor related all related gifts other gifts other than uncollected than uncollected pledges pledges occursoccurs when when the donated the donated or acquired or acquired assetsassets are are the donors require be spent for specific purposes or in specific geographical restrictions for all related gifts other than uncollected pledges occurs when the donated or acquired assets are of The Home's program are accounted for within the Operating The Reserve Fund is comprised placed placed in service, in service, or activities if constructed, or if constructed, as construction as construction expenses expenses are incurred. areFund. incurred. placed in service, or if constructed, as construction expenses are incurred. areas (purpose restricted) or forthewhich to beofreceived inOperating a future assets available for operations, but for which use has payments been limited byare the Board Directors. The

Fund receives transfers of summarizes interestthe and dividend investment netrestricted of been investment management fees, from the The following The following tablerestricted table summarizes composition the composition of temporarily of temporarily net assets net assets as of for June as of its June 30: 30: period (time pledges). Once aincome, giftrestricted has spent stipulated The following table summarizes Reserve and Endowment Funds.the composition of temporarily restricted net assets as of June 30: purpose or payments have been received pursuant to pledges for which there 2015 2015 2014 2014 2015 are no remaining purpose restrictions, restrictions are considered to2014 have Assets Assets restricted restricted for bufor ilding bu ilding or program or program expenses expenses by area, by area, 6. TEMPORARILY RESTRICTED NET ASSETS Assets restricted for buthe ildingequivalent or program expenses by area,of net assets will be reclassified as been met and amount $ 6,459,067 $ 6,459,067 including including amounts amounts receivable receivable from from external external trusts trusts $ 6,597,548 $ 6,597,548 $ 6,459,067 including amounts receivable from trusts $ 6,597,548 Temporarily restricted nettrusts, assets areexternal comprised of as gifts bequestsiswhich the donors require be spentrespect for 810,176 unrestricted. The amount released generally dollar for dollar with 894,441 894,441 Receivables Receivables from from trusts, unrestricted unrestricted as to purpose to and purpose 810,176 894,441are to be received trusts, geographical unrestricted areas as to (purpose purpose restricted) or for which payments 810,176 specific purposes or from inendowment specific to theReceivables expenditures made that the restrictions and for cash collections 24,954,557 24,954,557 25,448,599 25,448,599 Accumulated Accumulated endowment earnings earnings notmeet yet notappropriated yet appropriated 25,448,599 in a future period (timeendowment restricted pledges). giftappropriated has been spent for its stipulated 24,954,557 purpose or payments have Accumulated earningsOnce not ayet on a pledge. However, with respect to gifts for capital improvements, release   pursuant to pledges for which there are no remaining purpose restrictions, $ 32,308,065 $ 32,308,065 $ are 32,856,323 $ 32,856,323 been received restrictions   $ pledges occurs 32,308,065 $ 32,856,323 of restrictions formet alland related gifts amount otherofthan uncollected when considered to have been the equivalent net assets will be reclassified asunrestricted. The amount released generally is dollar for dollar with respect to the expenditures made that meet the restrictions the donated or acquired assets are placed in service, or if constructed, as and for cash collections on a pledge. However, with respect to gifts for capital improvements, release of construction expenses are incurred. restrictions for all related gifts other than uncollected pledges occurs when the donated or acquired assets are placed in service, or if constructed, as construction expenses 10 are 10incurred.

10 The following table summarizes the composition of temporarily restricted net The following table summarizes the composition of temporarily restricted net assets as of June 30: assets as of June 30: 2015 Assets restricted for bu ilding or program expenses by area, including amounts receivable from external trusts Receivables from trusts, unrestricted as to purpose Accumulated endowment earnings not yet appropriated

$ 6,459,067 894,441 24,954,557 $ 32,308,065

2014 $

6,597,548 810,176 25,448,599

$ 32,856,323

Profile for Missouri Freemasons

Official Proceedings - Grand Lodge MO Communication 2015  

Official proceedings of the One Hundred Ninety-Fourth Annual Communication Columbia Sept 28-29 A.D. 2015 A.L. 6015

Official Proceedings - Grand Lodge MO Communication 2015  

Official proceedings of the One Hundred Ninety-Fourth Annual Communication Columbia Sept 28-29 A.D. 2015 A.L. 6015

Profile for momason
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