Knights Fraternal Corporation Of Bloomington
- Assets
- $398.4k
- Revenue
- $976.5k
- Investments
- $0.0
- Employees
- 48
- Location
- Bloomington, MN
- Founding
- 10/2001
- Data as of
- 12/2023
- EIN
- 23-7107495
Organization Overview
Knights Fraternal Corporation Of Bloomington is located in Bloomington, MN. The organization was established in 2001. 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, Knights Fraternal Corporation Of Bloomington employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knights Fraternal Corporation Of Bloomington 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, Knights Fraternal Corporation Of Bloomington generated $976.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $994.7k during the year ending 12/2023. While expenses have increased by 6.6% 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
PROVIDE EACH CUSTOMER WITH THE BEST SERVICE AND CONGENIALITY POSSIBLE TO ENSURE CUSTOMER SATISFACTION AND APPRECIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GAMING
RESTAURANT AND BAR OPERATIONS FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roderick Maddox President | Officer | 0 | $0 |
Ned O'doherty Vice President | Officer | 0 | $0 |
Yectli Huerta Treasurer | Officer | 0 | $0 |
Pete Tartaro Secretary | Officer | 0 | $0 |
Tom Goergen Member | Officer | 0 | $0 |
Chris Perske Member | Officer | 0 | $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 | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000 |
| Total Program Service Revenue | $0 |
| Investment income | $9,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $152,842 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $19,540 |
| Net Income from Sales of Inventory | $780,023 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $976,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $641,416 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,105 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,200 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,430 |
| Office expenses | $4,679 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $12,321 |
| Insurance | $23,213 |
| All other expenses | $68,288 |
| Total functional expenses | $994,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,055 |
| Savings and temporary cash investments | $74,876 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,745 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,773 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $398,449 |
| Accounts payable and accrued expenses | $36,483 |
| 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 | $36,483 |
| Net assets without donor restrictions | $361,966 |
| 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 | $398,449 |