An Unbiassed Census of Active Galactic Nuclei in the Two Micron All Sky Survey

(Abridged) We present an unbiassed near-IR selected AGN sample, covering 12.56 square degrees down to K ~ 15.5, selected from the Two Micron All Sky Survey (2MASS). Our only selection effect is a moderate color cut (J-K>1.2) designed to reduce contamination from galactic stars. We observed both point-like and extended sources. Using the brute-force capabilities of the 2dF multi-fiber spectrograph on the Anglo-Australian Telescope, we obtained spectra of 65% of the target list: an unbiassed sub-sample of 1526 sources. 80% of the 2MASS sources in our fields are galaxies, with a median redshift of 0.15. The remainder are K- and M-dwarf stars. Seyfert-2 Galaxies are roughly three times more common in this sample than in optically selected galaxy samples (once corrections have been made for the equivalent width limit and for different aperture sizes). We find 14 broad-line (Type-1) AGNs, giving a surface density down to K