Fraternal Order Of Eagles
- Assets
- $149.9k
- Revenue
- $66.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Saco, ME
- Founding
- 08/1991
- Data as of
- 05/2020
- EIN
- 01-0353693
Organization Overview
Fraternal Order Of Eagles, operating under the name Saco Eagles Club, is located in Saco, ME. The organization was established in 1991. 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. As of 05/2020, Saco Eagles Club employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Saco Eagles Club 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 05/2020, Saco Eagles Club generated $66.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $80.0k during the year ending 05/2020. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
RAISING FUNDS FOR CHARITABLE ORGANIZATIONS AND OPERATE SOCIAL ROOM FOR MEMBERS GUESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF SOCIAL ROOM FOR MEMBERS AND GUEST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Underwood Treasurer | OfficerTrustee | 12 | $19,441 |
Joel Hersom Presdient | OfficerTrustee | 8 | $0 |
Deborah Petrin Secretary | OfficerTrustee | 10 | $0 |
Norman Petrin Trustee Chairman | OfficerTrustee | 4 | $0 |
Therese Petit Conductor | OfficerTrustee | 2 | $0 |
Melvin Leedberg Trustee | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,383 |
| Investment income | $227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $635 |
| Net Income from Gaming Activities | $25,102 |
| Net Income from Sales of Inventory | $34,314 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,251 |
| 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. | $19,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,617 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,335 |
| Fees for services: Management | $2,878 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,460 |
| Advertising and promotion | $80 |
| Office expenses | $1,636 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,423 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,263 |
| All other expenses | $0 |
| Total functional expenses | $80,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,704 |
| 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 | $0 |
| 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 | $149,931 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| 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 | $117,106 |
| Total liabilities and net assets/fund balances | $149,931 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anah Shriners Bangor, ME | $4,329,137 | $929,808 |
Fraternal Order Of Eagles Gray, ME | $523,922 | $554,197 |
Fraternal Order Of Eagles Portland, ME | $928,584 | $384,551 |
Free & Accepted Masons Of New Hampshire Grand Lodge Milford, NH | $4,832,753 | $878,573 |
Kora Shriners Lewiston, ME | $2,195,154 | $823,028 |
Blue Knights Motorcycle Club Bangor, ME | $882,821 | $396,325 |
Fraternal Order Of Eagles Rumford, ME | $1,433,718 | $394,673 |
Bektash Shriners Concord, NH | $2,864,787 | $673,651 |
Fraternal Order Of Eagles Biddeford, ME | $241,978 | $281,508 |
Fraternal Order Of Eagles Westbrook, ME | $812,643 | $279,551 |
Ancient Free & Accepted Masons Of Maine Grand Lodge Holden, ME | $2,576,050 | $370,560 |
Fraternal Order Of Eagles Concord, NH | $840,101 | $391,644 |