I O O F Grand Lodge Educational Fund Inc
- Assets
- $454.7k
- Revenue
- $96.1k
- Investments
- $377.2k
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 10/1969
- Data as of
- 12/2023
- EIN
- 23-7003391
Organization Overview
I O O F Grand Lodge Educational Fund Inc is located in Charleston, WV. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I O O F Grand Lodge Educational Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, I O O F Grand Lodge Educational Fund Inc generated $96.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $136.1k during the year ending 12/2023. While expenses have increased by 6.5% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING A SCHOLARSHIP PROGRAM TO MEMBERS OF THE INDEPENDENT ORDER OF ODD FELLOWS OF WEST VIRGINIA AND THEIR CHILDREN THROUGH THE GRAND LODGE EDUCATIONAL FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Dewees President | 1 | $0 | |
Edward Loudin Vice President | 1 | $0 | |
James Sutphin Secretary | 1 | $0 | |
Joseph M Ertl Treasurer | 1 | $0 | |
Sam Burns Member | 1 | $0 | |
Allan White Ex-Officio | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,820 |
| Dividends & Interest | $94,277 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,284 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $140 |
| Printing and publications | $0 |
| Other expenses | $105 |
| Total operating and administrative expenses | $4,089 |
| Contributions, gifts, grants paid | $132,000 |
| Total expenses and disbursements | $136,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244 |
| Savings and temporary cash investments | $76,674 |
| Net Accounts receivable | $605 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $327,879 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $454,694 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |