Orak Shriners
- Assets
- $3.2m
- Revenue
- $542.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Michigan City, IN
- Founding
- 11/1940
- Data as of
- 12/2023
- EIN
- 35-6027859
Organization Overview
Orak Shriners is located in Michigan City, IN. The organization was established in 1940. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Orak Shriners is a 501(c)(10) and as such, is described as a "Domestic Fraternal Society and/or Association" by the IRS.
For the year ending 12/2023, Orak Shriners generated $542.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $263.8k during the year ending 12/2023. 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
TO SUPPORT THE SHRINE HOSPITALS FOR CHILDREN. IT IS A SUBORDINATE TEMPLE OF THE SHRINERS INTERNATIONAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTIVE SERVICES, SUPPLIES AND TRANSPORTATION FOR THE SUPPORT OF THE SHRINE HOSPITALS FOR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas S Leasure Board Member | Trustee | 3 | $0 |
Tony R Risner Board Member | Trustee | 3 | $0 |
John J Richmond Board Member | Trustee | 3 | $0 |
Robert A Guthrie Board Member | Trustee | 3 | $0 |
David R Moss Secretary | OfficerTrustee | 9 | $0 |
Robert F Keuper Treasurer | OfficerTrustee | 9 | $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 | $17,354 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,354 |
| Total Program Service Revenue | $86,038 |
| Investment income | $66,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,341 |
| Net Gain/Loss on Asset Sales | $246,324 |
| Net Income from Fundraising Events | $84,072 |
| Net Income from Gaming Activities | $26,182 |
| Net Income from Sales of Inventory | $393 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,569 |
| 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 | $33,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,408 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10 |
| Office expenses | $8,981 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,063 |
| Travel | $10,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,542 |
| Interest | $0 |
| Payments to affiliates | $21,518 |
| Depreciation, depletion, and amortization | $24,338 |
| Insurance | $12,109 |
| All other expenses | $426 |
| Total functional expenses | $263,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,995 |
| Savings and temporary cash investments | $231,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,544 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,170 |
| Prepaid expenses and deferred charges | $11,383 |
| Net Land, buildings, and equipment | $570,509 |
| Investments—publicly traded securities | $2,292,612 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,239,500 |
| Accounts payable and accrued expenses | $18,389 |
| Grants payable | $0 |
| Deferred revenue | $60,188 |
| 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 | $78,577 |
| Net assets without donor restrictions | $2,165,217 |
| Net assets with donor restrictions | $995,706 |
| 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 | $3,239,500 |