Independent Order Of Odd Fellows
- Assets
- $5.3m
- Revenue
- $240.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Auburn, ME
- Founding
- 05/1962
- Data as of
- 06/2023
- EIN
- 01-0095414
Organization Overview
Independent Order Of Odd Fellows is located in Auburn, ME. The organization was established in 1962. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2023, Independent Order Of Odd Fellows employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Independent Order Of Odd Fellows is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 06/2023, Independent Order Of Odd Fellows generated $240.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $529.6k during the year ending 06/2023. While expenses have increased by 9.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN A FRATERNAL AND BENEFICIAL LODGE SYSTEM IN MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN A FRATERNAL AND BENEFICIAL LODGE SYSTEM IN MAINE.
NURSING TRAINING - SCHOLARSHIP AWARDS TO ASSIST NURSING STUDENTS PURSUING DEGREES IN THE STATE OF MAINE.
ODD FELLOWS AND REBEKAHS HOME OF MAINE - DONATIONS TO ASSIST IN THE CARE OF THE HOME'S RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Anderson Grand Secretary | OfficerTrustee | 18 | $27,350 |
George S Merrill II Grand Treaurer | OfficerTrustee | 12 | $15,650 |
Ralph Trynor Past Grand Master | OfficerTrustee | 2 | $0 |
Roderick Ronco Grand Master | OfficerTrustee | 2 | $0 |
Troy Carter Deputy Grand Master | OfficerTrustee | 2 | $0 |
Richard Mclaughlin Grand Warden | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,171 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,142 |
| Total Program Service Revenue | $0 |
| Investment income | $112,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$875 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $269,904 |
| Grants and other assistance to domestic individuals. | $16,957 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,862 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,744 |
| Office expenses | $22,483 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,987 |
| Travel | $28,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $48,559 |
| Depreciation, depletion, and amortization | $1,269 |
| Insurance | $350 |
| All other expenses | $15,056 |
| Total functional expenses | $529,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$728 |
| Savings and temporary cash investments | $173,760 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,317 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,318 |
| Net Land, buildings, and equipment | $7,054 |
| Investments—publicly traded securities | $5,061,908 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,252,629 |
| Accounts payable and accrued expenses | $5,010 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,010 |
| Net assets without donor restrictions | $4,406,546 |
| Net assets with donor restrictions | $841,073 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,252,629 |