Knights Fraternal Corporation Of Bloomington
- Assets
- $363.2k
- Revenue
- $931.3k
- Investments
- $0.0
- Employees
- 50
- Location
- Bloomington, MN
- Founding
- 10/2001
- Data as of
- 12/2021
- 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 12/2021, Knights Fraternal Corporation Of Bloomington employed 50 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 12/2021, Knights Fraternal Corporation Of Bloomington generated $931.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $588.7k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yeztli Hueta Vice President | Officer | 0 | $0 |
Ned O'doherty President | Officer | 0 | $0 |
Jim Scheib Treasurer | Officer | 0 | $0 |
Peter Partaro Secretart | Officer | 0 | $0 |
Ed Wilson Grand Knight | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $322,120 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,136 |
| Total Program Service Revenue | $85,014 |
| Investment income | $8,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $12,710 |
| Net Income from Sales of Inventory | $480,668 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $931,289 |
| 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 | $309,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,235 |
| Payroll taxes | $25,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,319 |
| Office expenses | $6,022 |
| 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 | $1,269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,503 |
| Insurance | $26,392 |
| All other expenses | $8,730 |
| Total functional expenses | $588,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,047 |
| Savings and temporary cash investments | $72,587 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,498 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,114 |
| Prepaid expenses and deferred charges | $17,111 |
| Net Land, buildings, and equipment | $45,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81 |
| Total assets | $363,241 |
| Accounts payable and accrued expenses | $91,156 |
| 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 | $91,156 |
| Net assets without donor restrictions | $272,085 |
| 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 | $363,241 |
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