Fraternal Order of Eagles 1506

“One trustee is married to the chaplain. One vice president is married to the conductor.”

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

“All members in attendance of a meeting have the right to vote on new members as well as nominate and elect new officers when necessary. they also 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 the 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 reports, policies, bylaws, house rules and employee handbook information available to any member or interested party when they request it.”

“This is a 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 through 2031.”

“Other expenses were paid out in state sales tax, permits, licenses by state and county as well as special liquor permits. Also paid architect company for drawings for new smoking area.”

“We depreciated the building cost and the initial equipment costs in 2016 (7 of 7 years) as well as the new kitchen equipment costs in 2017 (6 of 7 years), new freezer in 2019 (4 of 7 years), new upright freezer in 2020 (3 of 7 years) and a new water treatment system (3 of 7 years).”

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