Independent Order Of Odd Fellows
- Assets
- $9.2m
- Revenue
- $2.3m
- Investments
- $4.7m
- Employees
- 1
- Location
- Dundalk, MD
- Founding
- 05/1962
- Data as of
- 12/2022
- EIN
- 52-0363498
Organization Overview
Independent Order Of Odd Fellows is located in Dundalk, MD. The organization was established in 1962. 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. Independent Order Of Odd Fellows 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 12/2022, Independent Order Of Odd Fellows generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $157.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEEK TO IMPROVE AND ELEVATE THE CHARACTER OF MAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SICK AND DEATH BENEFITS TO MEMBERS AND TO SEEK TO IMPROVE THE CHARACTER OF MANKIND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Teate Grand Master | Trustee | 10 | $0 |
Laura Teate Grand Secretary | 40 | $33,475 | |
Candy Payne Grand Treasurer | Trustee | 10 | $0 |
Sharon Thomas Head Trustee | Trustee | 10 | $0 |
Beverly Labuda Deputy Grand Master | Trustee | 8 | $0 |
Doris Taylor Financial Chairman | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,824 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,824 |
| Total Program Service Revenue | $0 |
| Investment income | $83,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $235,586 |
| Net Gain/Loss on Asset Sales | $1,971,679 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $950 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,310,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,747 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,763 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,647 |
| Advertising and promotion | $0 |
| Office expenses | $5,564 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,235 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,474 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $31,628 |
| All other expenses | $21,806 |
| Total functional expenses | $157,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,018,310 |
| Savings and temporary cash investments | -$39,202 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,966 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,311,022 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,661,009 |
| Investments—program-related | $240,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,200,250 |
| 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 | -$608,523 |
| Total liabilities | -$608,523 |
| 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 | $9,808,773 |
| Total liabilities and net assets/fund balances | $9,200,250 |