Spencer Lodge 2482
- Assets
- $150.1k
- Revenue
- $75.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Spencer, IN
- Founding
- 05/1940
- Data as of
- 04/2022
- EIN
- 35-2019018
Organization Overview
Spencer Lodge 2482 is located in Spencer, IN. The organization was established in 1940. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 04/2022, Spencer Lodge 2482 employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Spencer Lodge 2482 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 04/2022, Spencer Lodge 2482 generated $75.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $77.5k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LODGE UNITES ITS MEMBERS IN THE BONDS OF FRATERNITY, BENEVOLENCE AND CHARITY. THIS IS ACCOMPLISHED THROUGH A YEAR ROUND SCHEDULE OF SOCIAL ACTIVITIES FOR MEMBERS AND THEIR FAMILIES.EST # 250
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Hutchison President | Trustee | 10 | $0 |
Darin Christenberry Vice President | Trustee | 10 | $0 |
Christina Christenberry Treasurer | Trustee | 10 | $0 |
Bennita Woodward Administrator | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,364 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,125 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,318 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,080 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,887 |
| Statement of Expenses | |
|---|---|
| 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. | $9,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,036 |
| 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 | $125 |
| Office expenses | $14,437 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,327 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,615 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $77,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,567 |
| Savings and temporary cash investments | $0 |
| 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 | $1,039 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $150,110 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $183 |
| 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 | $137,759 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $137,942 |
| Net assets without donor restrictions | $12,168 |
| 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 |
| Total liabilities and net assets/fund balances | $12,168 |