Kerak Shriners
- Assets
- $573.5k
- Revenue
- $120.6k
- Investments
- $179.0k
- Employees
- 6
- Location
- Reno, NV
- Founding
- 11/1940
- Data as of
- 12/2022
- EIN
- 88-0023339
Organization Overview
Kerak Shriners is located in Reno, NV. 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 12/2022, Kerak Shriners employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Kerak 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 12/2022, Kerak Shriners generated $120.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $141.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 8 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
FRATERNITY WITH PHILANTHROPIC MISSION OF SUPPORTING SHRINERS HOSPITALS FOR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRANSPORTATION OF CHILDREN AND THEIR FAMILIES TO SHRINERS HOSPITALS AND BURN CENTERS AS NEEDED FREE OF CHARGE. APPROXIMATELY, 80 FAMILIES SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Edis Potentate | OfficerTrustee | 3 | $0 |
Mark Marsh Chief Rabban | OfficerTrustee | 3 | $0 |
Don Hettervik Assistant Rabban | OfficerTrustee | 3 | $0 |
Reiner Tumang High Priest & Prophet | OfficerTrustee | 3 | $0 |
Ian Knight Oriental Guide | OfficerTrustee | 3 | $0 |
Bill Barbie Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,343 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,278 |
| Total Program Service Revenue | $9,406 |
| Investment income | $6,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,800 |
| Net Gain/Loss on Asset Sales | $1,328 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,562 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,731 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,281 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | -$433 |
| Travel | $17,607 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,932 |
| Interest | $0 |
| Payments to affiliates | $12,890 |
| Depreciation, depletion, and amortization | $20,976 |
| Insurance | $29,225 |
| All other expenses | $0 |
| Total functional expenses | $141,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,609 |
| Savings and temporary cash investments | $79,439 |
| 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 |
| Net Land, buildings, and equipment | $187,431 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $178,988 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $573,467 |
| Accounts payable and accrued expenses | $2,976 |
| Grants payable | $0 |
| Deferred revenue | $39,315 |
| 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 | $42,291 |
| Net assets without donor restrictions | $275,828 |
| Net assets with donor restrictions | $255,348 |
| 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 | $573,467 |