The Masonic Library and Museum of Pennsylvania

What it reported doing in 2022

1. Maintained and operated the masonic museum and temple at an annual operating cost of approximately 2.2 million in 2022. The masonic museum and temple is a registered national historical landmark built in 1868 and covers approximately 80,000 square feet. It contains seven lodge halls, each done in a different historical architectural style. 2. The masonic library and museum of Pennsylvania houses over 135,000 objects and serves as a popular resource for research and reference concerning masonic history. The museum collection includes over 30,000 items. The library houses over 75,000 volumes and an additional 30,000 documents and manuscripts. 3. The museum actively collects art and artifacts of historical interest, while presenting displays and managing exhibits that enrich a sense of masonic history. The displays in the museum are changed on a periodic basis to highlight the collection of artifacts and documents. 4. Maintained and operated the circulating library of books and periodicals at the masonic temple. 5. Library staff responds to several hundred inquiries from various researchers and catalogues manuscripts/blue prints/minute books. 6. Conducted tours of the masonic temple for over 11,000 visitors. The masonic temple was open to the public five days a week throughout the year. 7. The masonic education committee offered online courses in masonic law, mentor program, and masonic history along with regional workshops on masonic education. 8. Continued the speaker series that is both live at the masonic temple and broadcast in real-time to registered visitors. 9.the one north broad (one) venue hosted 25 candlelight concerts and over 85 social, masonic and corporate events.

Financial Efficiency

• Mission deployment rate: 90.3%; rating input score 90
• Program expense ratio: 89.8%; rating input score 90
• Fundraising efficiency: $126.58 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 60%; rating input score 60; 9th percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Limited
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 6.7%; rating input score 55; 55th percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 9.9%; rating input score 28; 28th percentile among comparable filings

Growth

• Program expense growth: 4.1% per year; rating input score 100; 40th percentile among comparable filings
• Revenue growth: 5.1% per year; rating input score 100; 46th percentile among comparable filings
• Asset growth: 0.3% per year; rating input score 100; 15th percentile among comparable filings