Medinah Shriners
- Assets
- $10.7m
- Revenue
- $857.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Addison, IL
- Founding
- 11/1940
- Data as of
- 12/2021
- EIN
- 36-0732355
Organization Overview
Medinah Shriners is located in Addison, IL. 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. As of 12/2021, Medinah Shriners employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Medinah 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 12/2021, Medinah Shriners generated $857.0k 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 (9.8%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER BROTHERHOOD AND MUTUAL BENEFITS AMONGST ITS MEMBERS AND TO PROMOTE SHRINE PHILANTHROPHY FOR SHRINERS CHILDRENS' HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Sassaman Recorder | Officer | 36 | $34,808 |
Eric Keating Treasurer | Officer | 2 | $0 |
Tracy Burcham Chief Rabban | Officer | 2 | $0 |
Frank Palella High Priest And Prophet | Officer | 2 | $0 |
George Stimac Potentate | Officer | 2 | $0 |
Jay Alfirevic Assistant Rabban | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $248,506 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,913 |
| Total Program Service Revenue | $0 |
| Investment income | $281,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $121,909 |
| Net Gain/Loss on Asset Sales | $3,068 |
| Net Income from Fundraising Events | $10,214 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,675 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $857,016 |
| 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. | $41,811 |
| Compensation of current officers, directors, key employees. | $41,811 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,414 |
| Pension plan accruals and contributions | $39,039 |
| Other employee benefits | $15,366 |
| Payroll taxes | $10,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,312 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,957 |
| Office expenses | $53,958 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $258,349 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,689 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,430 |
| Insurance | $68,321 |
| All other expenses | $16,346 |
| Total functional expenses | $1,008,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,519,831 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,621 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $134,497 |
| Inventories for sale or use | $55,016 |
| Prepaid expenses and deferred charges | $62,476 |
| Net Land, buildings, and equipment | $492,127 |
| Investments—publicly traded securities | $8,277,765 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $128,629 |
| Total assets | $10,723,962 |
| Accounts payable and accrued expenses | $13,910 |
| Grants payable | $0 |
| Deferred revenue | $209,194 |
| 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 | $332,371 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,827 |
| Total liabilities | $598,302 |
| Net assets without donor restrictions | $9,596,174 |
| Net assets with donor restrictions | $529,486 |
| 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 | $10,723,962 |
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