Fraternal Order of Eagles 1506

“One trustee is an uncle to a bartender as well as two previous kitchen cooks. One trustee is married to the chaplain and one trustee is married to the conductor.”

“All members of the fraternal organization are voting members and can elect officers, vote on issues and attend meetings.”

“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.”

“990 report is reviewed and explained at a meeting. Copy is available for any member to view at anytime. Notice that 990 is available for viewing is on the club bulletin board.”

“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.”

“Fraternal Order of Eagles 1506 makes any financial statements, 990, policies, by-laws, house rules and employee handbook available to any member or interested party when they request it.”

“contributions and donations from various club members over the year to be used toward the renovations of our club as well as proceeds from our jukebox and golf machines.”

“this is depreciation amount paid to construction, electrical, plumbing and heating contractors for the renovations and repairs to our building in 2016. Total was 144,420 and was divided by 15 years so we depreciate 9,628 each year for next 11 years.”

“other expenses were paid out in state sales tax, state for permits and licenses”

“we depreciated the building cost and the initial equipment costs in 2016 (4th of 7 years) as well as the new kitchen equipment costs in 2017 (3rd of 7 yrs) and new freezer in 2019 (1 of 7 yrs) and new upright freezer in 2020 (1 of 7 yrs).”

“remaining balance of mortgage and HELOC loan for new building and repairs. Interest was listed under occupancy expenses.”