Western Fraternal Life Association
- Assets
- $35.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Owosso, MI
- Founding
- 10/1972
- Data as of
- 12/2016
- EIN
- 38-1162423
Organization Overview
Western Fraternal Life Association is located in Owosso, MI. The organization was established in 1972. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Western Fraternal Life Association 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 12/2016, Western Fraternal Life Association generated $41.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $47.1k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (15.7%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2016
Describe the Organization's Program Activity:
Part 3
PROVIDE FACILITY FOR PUBLIC AND PRIVATE EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Sovis President | 1 | $0 | |
Janet Hier Treasurer | 1 | $729 | |
Sharon Bronson Secretary | 1 | $0 | |
Josephine Scollon Director | 1 | $425 | |
Linda Pincik Director | 1 | $1,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,650 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,241 |
| Total Revenue | $41,932 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,228 |
| Professional fees and other payments to independent contractors | $1,195 |
| Occupancy, rent, utilities, and maintenance | $2,239 |
| Printing, publications, postage, and shipping | $108 |
| Other expenses | $36,372 |
| Total expenses | $47,142 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,507 |
| Other assets | $0 |
| Total assets | $35,212 |
| Total liabilities | $25,527 |
| Net assets or fund balances | $9,685 |