Independent Order Of Odd Fellows
- Assets
- $18.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Winstonsalem, NC
- Founding
- 07/1940
- Data as of
- 08/2021
- EIN
- 52-0363509
Organization Overview
Independent Order Of Odd Fellows, operating under the name Independent Order Of Oddfellows, is located in Winstonsalem, NC. The organization was established in 1940. 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 08/2021, Independent Order Of Oddfellows employed 14 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Independent Order Of Oddfellows 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 08/2021, Independent Order Of Oddfellows generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.1m during the year ending 08/2021. 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
TO PROVIDE BENEFITS TO MEMBERS UNDER LODGE SYSTEM AND TO IMPROVE AND ELEVATE THE CHARACTER OF MEMBERS THROUGH FRIENDSHIP, LOVE AND TRUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry L Barrett Sov Gr Secre | OfficerTrustee | 40 | $57,165 |
Harless L Turner Sov Gr Treas | OfficerTrustee | 5 | $7,000 |
Michelle L Heckart Sov. Gr Ward | OfficerTrustee | 2 | $0 |
Charles E Lusk Deputy Sov G | OfficerTrustee | 2 | $0 |
E Wesley Nelson Sov Gr Maste | OfficerTrustee | 2 | $0 |
Douglas E Pittman Past Sov Gr | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,148,179 |
| Fundraising events | $0 |
| Related organizations | $32,347 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,271,121 |
| Total Program Service Revenue | $0 |
| Investment income | $1,070,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,297 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$59,633 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,319,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,000 |
| Grants and other assistance to domestic individuals. | $87,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,162 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,054 |
| Pension plan accruals and contributions | $4,041 |
| Other employee benefits | $59,104 |
| Payroll taxes | $19,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,651 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $55,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,183 |
| Travel | $21,266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,789 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,132,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,656,233 |
| Savings and temporary cash investments | $25,312 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $246,455 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $103,415 |
| Inventories for sale or use | $741,842 |
| Prepaid expenses and deferred charges | $7,592 |
| Net Land, buildings, and equipment | $666,371 |
| Investments—publicly traded securities | $8,219,277 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000,000 |
| Total assets | $18,666,497 |
| Accounts payable and accrued expenses | $47,619 |
| Grants payable | $0 |
| Deferred revenue | $320,206 |
| 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 | $141,131 |
| Total liabilities | $508,956 |
| Net assets without donor restrictions | $6,334,143 |
| Net assets with donor restrictions | $11,823,398 |
| 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 | $18,666,497 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Independent Order Of Odd Fellows has recieved totaling $42,111.
| Awarding Organization | Amount |
|---|---|
Independent Order Of Odd Fellows Washington, DC PURPOSE: TO ASSIST THE ORGANIZATION. | $15,000 |
Independent Order Of Odd Fellows Washington, DC PURPOSE: TO ASSIST THE ORGANIZATION. | $15,000 |
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $12,111 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraternal Order Of Police Nashville, TN | $16,678,003 | $6,843,793 |
Independent Order Of Odd Fellows Winstonsalem, NC | $18,666,497 | $2,319,443 |
Free & Accepted Masons Of Georegia Norcross, GA | $0 | $854,367 |
Fraternal Order Of Police Asheville, NC | $1,015,975 | $1,176,332 |
Fraternal Order Of Police Myrtle Beach, SC | $131,184 | $799,860 |
Fraternal Order Of Police Nashville, TN | $1,744,346 | $904,553 |
Most Worshipful Prince Hall Grand Lodge Of Virginia F & A Masons Inc Richmond, VA | $2,932,841 | $520,502 |
Fraternal Order Of Police Charlotte, NC | $666,167 | $625,104 |
Fraternal Order Of Police Richmond, VA | $126,776 | $411,684 |
Fraternal Order Of Police Clarksville, TN | $571,378 | $426,220 |
Mw Prince Hall Grand Lodge Free & Accepted Masons Of Nc Jurisd Inc Durham, NC | $1,230,357 | $362,135 |
Fraternal Order Of Eagles Bassett, VA | $781,373 | $503,267 |