Independent Order Of Vikings
- Assets
- $1.6m
- Revenue
- $540.3k
- Investments
- $347.4k
- Employees
- 32
- Location
- Jamestown, NY
- Founding
- 11/1941
- Data as of
- 12/2023
- EIN
- 16-0491950
Organization Overview
Independent Order Of Vikings is located in Jamestown, NY. The organization was established in 1941. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Independent Order Of Vikings employed 32 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Independent Order Of Vikings 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 12/2023, Independent Order Of Vikings generated $540.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $547.8k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 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
FRATERNAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNAL ORGANIZATION THAT PROVIDES FELLOWSHIP FOR ITS MEMBERS. FOOD & BAR AND MISCELLANEOUS ACTIVITIES ARE AAILABLE FOR THE APPROXIMATELY 1900 MEMBERS ENTERTAINMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Anderson House Comm | Trustee | 1 | $0 |
Bill Peterson Trustee | Trustee | 1 | $0 |
Bob Greenwald Trustee | Trustee | 1 | $0 |
Sue Bell House Comm | Trustee | 1 | $0 |
Fred Croscut House Comm | Trustee | 1 | $0 |
Allen E Johnson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $264,609 |
| Investment income | $8,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,689 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $56,008 |
| Net Income from Sales of Inventory | $206,657 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $540,340 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,598 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,746 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,579 |
| Payroll taxes | $22,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,098 |
| Advertising and promotion | $0 |
| Office expenses | $3,150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,480 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $756 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,665 |
| Insurance | $39,397 |
| All other expenses | $23,357 |
| Total functional expenses | $547,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,666 |
| Savings and temporary cash investments | $221,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $5,000 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $115,755 |
| Investments—publicly traded securities | $869,013 |
| Investments—other securities | $347,436 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,593,657 |
| Accounts payable and accrued expenses | $1,219 |
| 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 | $34,904 |
| Other liabilities | $0 |
| Total liabilities | $36,123 |
| Net assets without donor restrictions | $1,557,534 |
| Net assets with donor restrictions | $0 |
| 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 | $1,593,657 |