Owls Club No 4002 Incorporated

The Owls Club No 4002 Incorporated is a nonprofit organization located in Frederick, Maryland. It has been a tax-exempt entity since October 1984, designated as a domestic fraternal society under Section 501(c) of the U.S. tax code.

Mission and Activities

The organization is primarily focused on promoting fellowship, community engagement, and recreational activities among its members. It operates a members-only club offering fine dining and entertainment, including events such as comedy nights, karaoke, and live music. The organization's mission includes enhancing the quality of life for its members while contributing to local charitable causes.

Financial Overview

Owls Club No 4002 Incorporated generates revenue from various sources, with significant contributions coming from net inventory sales, contributions, and program services. In recent years, the club's revenues have been substantial, reflecting its robust operational activities. Expenses are primarily allocated towards salaries and wages for staff, with some funds dedicated to executive compensation.

Governance and Leadership

The organization is managed by a board of officers and directors who oversee its operations and strategic direction. Key leadership roles include the president, secretary, and treasurer, who are responsible for ensuring compliance with tax regulations and maintaining the club's fraternal and charitable objectives.

Tax-Exempt Status and Reporting

As a nonprofit organization, Owls Club No 4002 Incorporated files annual Form 990 reports with the Internal Revenue Service, providing transparency into its financial operations and governance practices. These reports are publicly available and offer insights into the organization's revenue streams, expenditures, and management structure.

Community Impact

Beyond its internal activities, the club is engaged in supporting local charities and fostering community involvement. This commitment to charitable giving and community service aligns with its mission to provide value to its members and the broader community.