Fraternal Order Of Eagles
- Assets
- $2.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 71
- Location
- Rochester, MN
- Founding
- 08/1991
- Data as of
- 05/2023
- EIN
- 41-0229404
Organization Overview
Fraternal Order Of Eagles is located in Rochester, MN. The organization was established in 1991. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 05/2023, Fraternal Order Of Eagles employed 71 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Fraternal Order Of Eagles 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 05/2023, Fraternal Order Of Eagles generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.8m during the year ending 05/2023. While expenses have increased by 7.3% per year over the past 8 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
TO OPERATE A FRATERNAL ORGANIZATION ADMINISTERED UNDER THE LODGE SYSTEM FOR THE PURPOSE OF PROVIDING BENEFITS AND SOCIAL ACTIVITIES FOR THE ORGANIZATION'S MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A FRATERNAL ORGANIZATION IN ORDER TO PROVIDE BENEFITS AND SOCIAL / RECREATIONAL ACTIVITIES PRIMARILY TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Tschumper Secretary | OfficerTrustee | 4 | $13,470 |
Eric Averbeck Treasurer | OfficerTrustee | 1 | $2,205 |
William Wassink Trustee | OfficerTrustee | 2 | $730 |
Clarence L Schleusner Trustee | OfficerTrustee | 2 | $730 |
Timothy Macken Trustee | OfficerTrustee | 2 | $730 |
Darold R Sharar Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,104 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,324 |
| Total Program Service Revenue | $0 |
| Investment income | $162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,410 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $809,882 |
| Net Income from Sales of Inventory | $851,245 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,855,872 |
| 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 | $2,100 |
| Compensation of current officers, directors, key employees. | $17,865 |
| Compensation of current officers, directors, key employees. | $17,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $561,614 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $59,433 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $699 |
| Fees for services: Accounting | $14,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $807 |
| Advertising and promotion | $3,973 |
| Office expenses | $9,922 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,259 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,754 |
| Insurance | $28,088 |
| All other expenses | $68,061 |
| Total functional expenses | $1,830,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $506,240 |
| Savings and temporary cash investments | $60,645 |
| 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 | $37,885 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,098,334 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,703,104 |
| Accounts payable and accrued expenses | $22,642 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,291 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $364,974 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $390,907 |
| Net assets without donor restrictions | $0 |
| 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 | $2,312,197 |
| Total liabilities and net assets/fund balances | $2,703,104 |