Independent Order Of Odd Fellows
- Assets
- $11.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Corsicana, TX
- Founding
- 05/1962
- Data as of
- 03/2022
- EIN
- 75-0354561
Organization Overview
Independent Order Of Odd Fellows is located in Corsicana, TX. The organization was established in 1962. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2022, Independent Order Of Odd Fellows employed 26 individuals. 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 03/2022, Independent Order Of Odd Fellows generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $1.9m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (18.3%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL ORDER OF SERVICE-PROVIDE HOME FOR THE AGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNAL ORDER OF SERVICE-GRAND LODGE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Curtis Grand Treasurer | Trustee | 40 | $46,000 |
Dan Reynolds Grand Master | OfficerTrustee | 2 | $0 |
John F Woolsey Jr Deputy Gm | OfficerTrustee | 2 | $0 |
Troy Pennington Grand Warden | OfficerTrustee | 2 | $0 |
Henry B Blahuta Grand Treasurer | Trustee | 2 | $0 |
Garry Bolch Past | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,217 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,735 |
| Total Program Service Revenue | $248,683 |
| Investment income | $225,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$508,139 |
| Net Gain/Loss on Asset Sales | $2,298,787 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,159 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,982,220 |
| 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. | $46,000 |
| Compensation of current officers, directors, key employees. | $46,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,330 |
| Payroll taxes | $26,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,458 |
| Office expenses | $19,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $233,390 |
| Travel | $144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,523 |
| Interest | $145,955 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,512 |
| Insurance | $156,402 |
| All other expenses | $93,539 |
| Total functional expenses | $1,930,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $703,339 |
| Savings and temporary cash investments | $245,813 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,829 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,116,211 |
| Investments—publicly traded securities | $4,823,686 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,902,878 |
| Accounts payable and accrued expenses | $113,154 |
| 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 | $4,995,105 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,525 |
| Total liabilities | $5,170,784 |
| Net assets without donor restrictions | $6,462,356 |
| Net assets with donor restrictions | $269,738 |
| 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 | $11,902,878 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Order Of Odd Fellows Corsicana, TX | $11,902,878 | $2,982,220 |
Rotary Club Of San Antonio Foundation San Antonio, TX | $945,729 | $853,492 |
100 Black Men Of Metropolitian Baton Rouge Baton Rouge, LA | $674,965 | $747,137 |
Southwest District Kiwanis Foundation Las Vegas, NM | $508,418 | $758,001 |
Addison Rotary Foundation Inc Addison, TX | $32,496 | $207,163 |
Eagle Wings Ministries International Mckinney, TX | $91,486 | $413,858 |
Benevolent & Protective Order Of Elks Of The Usa Harlingen, TX | $622,524 | $411,721 |
Evergreen Associates Inc Houma, LA | $1,020,054 | $299,703 |
Ancient Free & Accepted Masons Of Oklahoma Norman, OK | $1,154,361 | $731,827 |
U S Grey Eagles Inc Fort Worth, TX | $320,174 | $0 |
Rotary Club Of Tulsa Foundation Tulsa, OK | $5,079,079 | $873,205 |
Daughters Of Esther Fellowship International Ministries Inc Bossier City, LA | $995,517 | $345,367 |