Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 2 | One trustee is married to the chaplain and the vice president is married to the conductor. |
| Form 990, Part VI, Section A, Line 6 | All members of the fraternal organization are voting members and can elect officers, vote on issues and attend meetings. |
| Form 990, Part VI, Section A, Line 7a | Our membership has the power to elect officers as well as new members into the club. They have the power to vote on all issues within the club. |
| Form 990, Part VI, Section B, Line 11b | 990 report is reviewed and explained at a meeting. Copy is available for any member to view at anytime. Notice that the 990 is available for viewing is on the club bulletin board. |
| Form 990, Part VI, Section B, Line 12c | Conflict of Interest statement is reviewed annually and all officers sign in acknowledgement of the policy. When services are sought, the trustees and secretary review for any conflict that they are aware of before services are rendered. |
| Form 990, Part VI, Section C, Line 19 | Fraternal Order of Eagles 1506 makes any financial statements, 990 reports, policies, bylaws, house rules and employee handbook information available to any member or interested party when they request it. |
| Form 990, Part VIII, Line 1e | We received $39,139 dollars from employee retention credit from COVID and paid out $$5871 to an accounting firm for getting us this credit which is shown on line 11c. |
| Form 990, Part VIII, Line 1f | Contributions and donations from various club members over the year to be used toward building renovations as well as proceeds from our jukebox and golf machine. Plus we received $14,900 from a variety of FOE's in support of our losses from a train derailment in our community. Schedule D shows the biggest supporters. We also received $13,088 from Norfolk Southern as a result of our claim from the train derailment which covered our lost revenue, lost wages for employees and loss of food during the 19 hours of no electric and 6 days of evacuation. |
| Form 990, Part IX, Line 22 | This is a depreciation amount paid to construction, electrical, plumbing and heating contractors for the renovations and rpeairs to our building in 2016. Total was 144,420 and was divided by 15 years so we depreciate 9,628 each year thru 2031. |
| Form 990, Part IX, Line 24a - 24d | Other expenses were paid out in state sales tax and state and county permits and licenses. |
| Form 990, Part X, Line 10a | We depreciated the building cost and the initial equipment costs in 2016 (6 of 7 years) as well as the new kitchen equipment costs in 2017 (5 of 7 years), new freezer in 2019 (3 of 7 yrs), new upright freezer in 2020 (2 of 7 yrs) and new water treatment system (2 of 7 yrs.). |
| Form 990, Part X, Line 23 | Remaining balance of mortgage and HELOC loan for new building and repairs. Interest was listed under occupancy expenses. |
| Software ID: | 22015720 |
| Software Version: | v1.00 |