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. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) 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 (3.9%) per year over the past 7 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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dan Hutchison President | Trustee | 10 | $0 |
Darin Christenberry Vice President | Trustee | 10 | $0 |
Bennita Woodward Administrator | Trustee | 40 | $0 |
Christina Christenberry Treasurer | Trustee | 10 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,478 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $6,886 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,364 |
Total Program Service Revenue | $0 |
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 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. | $9,854 |
Compensation of current officers, directors, key employees. | $0 |
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 |
Net Land, buildings, and equipment | $142,504 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $150,110 |
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