Civic Intelligence

Elks National Foundation Inc.

990 • Fiscal year 2019 • EIN 26-3718342

Apr 01, 2018 to Mar 31, 2019 • Filed on Jul 29, 2019

Organization Profilewww.elks.org/enf
2750 N Lakeview AvenueChicago, IL 60614

(773) 755-4728

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.13x

Higher debt load relative to assets than 27% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

1.55x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Net Margin

96th percentile

55%

Higher net margin than 96% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

3rd percentile

$145,435

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Asset Growth

50th percentile

4.2%

Faster asset growth than 50% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

50%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$818,675,624

Up $33,208,447 (+4.2%) from 2018

Net Assets

Up

$711,851,945

Up $12,305,312 (+1.8%) from 2018

Liabilities

Up

$106,823,679

Up $20,903,135 (+24%) from 2018

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin96th percentile

Revenue

Up

$68,772,020

Up $22,966,096 (+50%) from 2018

Expenses

Up

$31,196,607

Up $1,741,284 (+5.9%) from 2018

Net Income

Up

$37,575,413

Up $21,224,812 (+130%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0B$500M$0Assets 2016: $732,579,927Liabilities 2016: $114,706,928Net Assets 2016: $617,872,9992016Assets 2017: $778,124,909Liabilities 2017: $121,741,975Net Assets 2017: $656,382,9342017Assets 2018: $785,467,177Liabilities 2018: $85,920,544Net Assets 2018: $699,546,6332018Assets 2019: $818,675,624Liabilities 2019: $106,823,679Net Assets 2019: $711,851,9452019Assets 2020: $756,361,026Liabilities 2020: $103,235,141Net Assets 2020: $653,125,8852020Assets 2021: $936,472,552Liabilities 2021: $103,469,181Net Assets 2021: $833,003,3712021Assets 2022: $925,414,359Liabilities 2022: $77,095,200Net Assets 2022: $848,319,1592022Assets 2023: $876,926,878Liabilities 2023: $94,692,774Net Assets 2023: $782,234,1042023Assets 2024: $925,982,127Liabilities 2024: $68,683,171Net Assets 2024: $857,298,9562024Assets 2025: $884,971,330Liabilities 2025: $11,956,070Net Assets 2025: $873,015,2602025

Highlighted filing

2019

Assets$818,675,624
Liabilities$106,823,679
Net Assets$711,851,945
Open 2019 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MRevenue 2016: $36,082,387Expenses 2016: $29,295,750Net Income 2016: $6,786,6372016Revenue 2017: $31,475,041Expenses 2017: $27,224,193Net Income 2017: $4,250,8482017Revenue 2018: $45,805,924Expenses 2018: $29,455,323Net Income 2018: $16,350,6012018Revenue 2019: $68,772,020Expenses 2019: $31,196,607Net Income 2019: $37,575,4132019Revenue 2020: $43,379,037Expenses 2020: $29,533,298Net Income 2020: $13,845,7392020Revenue 2021: $62,047,958Expenses 2021: $32,848,662Net Income 2021: $29,199,2962021Revenue 2022: $95,466,562Expenses 2022: $37,180,568Net Income 2022: $58,285,9942022Revenue 2023: $27,750,732Expenses 2023: $42,597,331Net Income 2023: -$14,846,5992023Revenue 2024: $37,385,570Expenses 2024: $40,244,595Net Income 2024: -$2,859,0252024Revenue 2025: $61,600,573Expenses 2025: $44,533,130Net Income 2025: $17,067,4432025

Highlighted filing

2019

Revenue$68,772,020
Expenses$31,196,607
Net Income$37,575,413
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Jul 29, 2019
Return Version
2018v3.1
Gross Receipts
$235,965,901
Mission and Program Overview

Mission

The foundation's mission is to help the benevolent and protective order of elks of the united states of america (bpoe) build stronger communities by offering college scholarships, funding programs that build the character and confidence of youth, serving and honoring veterans, and providing elks lodges and state associations with resources they need to accomplish their charitable objectives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$699,162,529$709,679,612▲ $10,517,083
Investments Other Securities$71,193,135$94,188,435▲ $22,995,300
Savings and Temporary Cash Investments$9,634,967$8,515,726▼ $1,119,241
Cash and Non-Interest-Bearing Accounts$1,062,544$972,943▼ $89,601
Pledges and Grants Receivable$266,928$246,007▼ $20,921
Prepaid Expenses and Deferred Charges$172,126$190,322▲ $18,196
Accounts Receivable$8,228$39,130▲ $30,902
Land, Buildings, and Equipment, Net$6,019$4,774▼ $1,245
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$785,467,177$818,675,624▲ $33,208,447
Other Assets Total$3,960,701$4,838,675▲ $877,974
Liabilities
Other Liabilities$72,099,064$95,037,766▲ $22,938,702
Grants Payable$12,994,596$10,991,972▼ $2,002,624
Accounts Payable and Accrued Expenses$826,884$793,941▼ $32,943
Total Liabilities$85,920,544$106,823,679▲ $20,903,135
Net Assets / Fund Balance
Unrestricted Net Assets$692,913,425$704,991,657▲ $12,078,232
Temporarily Rstr Net Assets$6,346,949$6,355,064▲ $8,115
Permanently Rstr Net Assets$286,259$505,224▲ $218,965
Total Net Assets Fund Balance$699,546,633$711,851,945▲ $12,305,312
Total Liabilities and Net Assets / Fund Balance$785,467,177$818,675,624▲ $33,208,447

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,774$1,453$6,227

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$667,234,227$5,196,394▲ $34,614,836$2,912,452$676,776,756
2017$650,451,375$7,015,130▲ $64,178,609$2,692,580$692,913,425
2016$610,887,204$6,971,434▲ $57,407,007$1,553,607$649,535,551
2015$634,984,102$6,708,503▲ $2,851,162$284,381$617,872,999
2014$584,942,294$6,789,777▲ $40,516,095$966,539$609,752,291
Compensation and Service Providers
Top Officer Pay3rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James OKelley IIIDirectorFT$130,142$15,293$145,435

Board Members and Trustees

NameTitle
F Louis SulsbergerChairman
Louis J GrilloVice Chairman
Charles F WilliamsBoard
Frank O GarlandAsst Secretary
James W DamonAsst Treasurer
James M McQuillanSecretary
Michael F SmithTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
JPMorgan Asset ManagementInvestment Advisor270 Park Avenue 7th Fl, New York, NY 10017$617,733
Bernzott Capital AdvisorsInvestment Advisor888 W Ventura Blvd Suite B, Camarillo, CA 93010$468,471
POW Entertainment LLCDrug Prev Campaign9440 Santa Monica Blvd, Beverly Hills, CA 90210$445,000
Columbia ManagementInvestment Advisor227 W Monroe St Suite 3700, Chicago, IL 60606$361,719
Baird Equity Asset ManagementInvestment Advisor777 E Wisconsin Ave, Milwaukee, WI 53202$220,469
Revenue and Support

Revenue Composition

Contributions and Grants
$7,401,583
Program Service Revenue
$0
Investment Income
$61,031,334
Other Revenue
$339,103
All Other Contributions
$7,126,583
Change in Net Assets
$37,575,413

Audited Revenue Reconciliation

Revenue per Audited Statements
$66,343,600
Revenue Not Reported on Financial Statements
$2,428,420
Revenue Not Reported on Form 990
$-23,497,933
Total Revenue per Audited Statements
$42,845,667
Total Revenue per Form 990
$68,772,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$26,050,803
Other Expenses$3,833,704
Salaries, Compensation, and Employee Benefits$1,312,100
Total Fundraising Expense$799,896
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$22,429,238--$22,429,238
Grants to Domestic Individuals$3,621,565--$3,621,565
Other Salaries and Wages$420,174$382,370$231,422$1,033,966
Travel$657,746$22,635$3,524$683,905
Advertising$523,636-$47,783$571,419
Conferences and Meetings$441,839$51,500$36,597$529,936
All Other Expenses$210,281$43,682$11,832$265,795
Fees for Services Other$199,511$30,368$19,471$249,350
Other Expenses$121,198$1,862$74,739$195,937
Occupancy$4,800$146,858-$151,658
Other Employee Benefits$62,530$56,189$25,768$144,487
Office Expenses$19,032$44,052$53,936$117,020
Payroll Taxes$35,643$31,916$19,389$86,948
Information Technology$5,940$63,964$5,980$75,884
Pension Plan Contributions$18,738$17,278$10,683$46,699
Depreciation Depletion-$1,245-$1,245
Total Functional Expenses$29,091,265$1,305,446$799,896$31,196,607

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$31,196,607
Total Expenses per Audited Statements$31,196,607
Total Expenses per Form 990$31,196,607
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Elks State AssociationsChicago, IL-Grants$9,527,776
Elks LodgesChicago, IL-Community Investment Programs$8,626,511
Elks National Vet Serv CommChicago, IL-Programs Support$3,589,624
Elks Vet Mem Restoration TrChicago, IL-General Support$685,327
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Collateral under Securities Lending Prog$95,037,766
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“The Foundation's board of trustees is appointed by the Grand Exalted Ruler (GER) of the Benevolent and Protective Order of Elks of the United States of America (BPOE). The GER is elected by the membership of the BPOE.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 is reviewed by the Director. The trustees of the board receive a copy of the Form 990 and any questions or comments that arise are discussed with the Director.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The Foundation maintains a written conflict of interest policy that is signed by each trustee upon joining the board. In addition, each trustee and the Foundation's officers are required to review the policy annually and sign a conflict of interest certification to acknowledge that the policy was reviewed. They are required to disclose all material facts of any actual or possible conflict of interest by themselves or their families to the Director and other trustees. The board of trustees, exclusive of the interested person, determines whether a conflict of interest exists and whether it is in the best interest of the Foundation to enter into the transaction or arrangement.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The Benevolent and Protective Order of Elks of the United States of America (BPOE) maintains a compensation committee that reviews annual salaries based on performance, cost of living adjustments and market data.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The Benevolent and Protective Order of Elks of the United States of America (BPOE) maintains a compensation committee that reviews annual salaries based on performance, cost of living adjustments and market data.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Requests for audited financial statements, tax returns, conflict of interest policy and governing documents are channeled through the Director and made available upon request.”

Filing and Contact Details

Filer

Filer Name
Elks National Foundation Inc
EIN
26-3718342
Phone
7737554728
Address
2750 N Lakeview Avenue, Chicago, IL 60614

Signing Officer

Name
James OKelley III
Title
Director
Signed
2019-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James OKelley III
Formed
1928
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
26
Volunteers
11,300

Preparer

Firm
FK Advisors
Address
600 Academy Drive Suite 140, Northbrook, IL 60062
Preparer
Jerry Fitzpatrick
Phone
8477706700
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“OTHER PROGRAM SERVICES 4: The Foundation provided funds to the Elks Veterans Service Commission for various programs benefiting veterans. The Foundation also provided funds to the Elks Veterans Memorial Restoration Trust to help pay for needed maintenance and upkeep of the Elks Veteran Memorial. OTHER PROGRAM SERVICES 5: Drug Awareness”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Change in Value of Split-Interest = $17000”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“The sole activity of the Foundation is the maintenance and operation of an endowment fund for the accumulation, administration, use, and disbursement of contributions, income, and appreciation in accordance with Section 501(c)(3) of the United States Internal Revenue Code, and related powers and purposes as set forth in the Foundations Articles of Incorporation.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Change in Value of Split-Interest $17000”

Raw XML AppendixShowing 400 of 704 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0826884
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0793941
IRS990/AccountsReceivableGrp/BOYAmt08228
IRS990/AccountsReceivableGrp/EOYAmt039130
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The Foundation's mission is to help the Benevolent and Protective Order of Elks of the United States of America (BPOE) build stronger communities by offering college scholarships, funding programs that build the character and confidence of youth, serving and honoring veterans, and providing Elks Lodges and State Associations with resources they need to accomplish their charitable objectives.
IRS990/AdvertisingGrp/FundraisingAmt047783
IRS990/AdvertisingGrp/ProgramServicesAmt0523636
IRS990/AdvertisingGrp/TotalAmt0571419
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt07126583
IRS990/AllOtherExpensesGrp/FundraisingAmt011832
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt043682
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0210281
IRS990/AllOtherExpensesGrp/TotalAmt0265795
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Johnetta Tyler
IRS990/BooksInCareOfDetail/PhoneNum07737554884
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0425 W Diversey Parkway
IRS990/BooksInCareOfDetail/USAddress/CityNm0Chicago
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0606146196
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01062544
IRS990/CashNonInterestBearingGrp/EOYAmt0972943
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt05
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/FundraisingAmt036597
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt051500
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0441839
IRS990/ConferencesMeetingsGrp/TotalAmt0529936
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0468471
IRS990/ContractorCompensationGrp/CompensationAmt1361719
IRS990/ContractorCompensationGrp/CompensationAmt2617733
IRS990/ContractorCompensationGrp/CompensationAmt3220469
IRS990/ContractorCompensationGrp/CompensationAmt4445000
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0888 W Ventura Blvd Suite B
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1227 W Monroe St Suite 3700
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2270 Park Avenue 7th Fl
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3777 E Wisconsin Ave
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt49440 Santa Monica Blvd
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Camarillo
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Chicago
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2New York
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3Milwaukee
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4Beverly Hills
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3WI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd093010
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd160606
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd210017
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd353202
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd490210
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Bernzott Capital Advisors
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Columbia Management
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2JPMorgan Asset Management
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3Baird Equity Asset Management
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4POW Entertainment LLC
IRS990/ContractorCompensationGrp/ServicesDesc0Investment Advisor
IRS990/ContractorCompensationGrp/ServicesDesc1Investment Advisor
IRS990/ContractorCompensationGrp/ServicesDesc2Investment Advisor
IRS990/ContractorCompensationGrp/ServicesDesc3Investment Advisor
IRS990/ContractorCompensationGrp/ServicesDesc4Drug Prev Campaign
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt07401583
IRS990/CYGrantsAndSimilarPaidAmt026050803
IRS990/CYInvestmentIncomeAmt061031334
IRS990/CYOtherExpensesAmt03833704
IRS990/CYOtherRevenueAmt0339103
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt037575413
IRS990/CYSalariesCompEmpBnftPaidAmt01312100
IRS990/CYTotalExpensesAmt031196607
IRS990/CYTotalFundraisingExpenseAmt0799896
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt068772020
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01245
IRS990/DepreciationDepletionGrp/TotalAmt01245
IRS990/Desc0The Foundation provided grants to the Elks State Associations to help fund their charitable activities. These activities include medical care and research, in-home treatment for children with disabilities, youth camps, shelters for abused women, and state level programs consistent with those provided by the Foundation. The Foundation provided grants ranging to $10,000 to help Elks Lodges implement projects and programs that address unmet needs in their communities in lasting and meaningful ways.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt026
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt018546738
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/FundraisingAmt019471
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt030368
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0199511
IRS990/FeesForServicesOtherGrp/TotalAmt0249350
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt715293
IRS990/Form990PartVIISectionAGrp/PersonNm0Charles F Williams
IRS990/Form990PartVIISectionAGrp/PersonNm1F Louis Sulsberger
IRS990/Form990PartVIISectionAGrp/PersonNm2Louis J Grillo
IRS990/Form990PartVIISectionAGrp/PersonNm3James M McQuillan
IRS990/Form990PartVIISectionAGrp/PersonNm4Frank O Garland
IRS990/Form990PartVIISectionAGrp/PersonNm5Michael F Smith
IRS990/Form990PartVIISectionAGrp/PersonNm6James W Damon
IRS990/Form990PartVIISectionAGrp/PersonNm7James OKelley III
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7130142
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Asst Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Asst Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01928
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt042995361
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0275000
IRS990/GrantAmt018154287
IRS990/GrantsPayableGrp/BOYAmt012994596
IRS990/GrantsPayableGrp/EOYAmt010991972
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03621565
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03621565
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt022429238
IRS990/GrantsToDomesticOrgsGrp/TotalAmt022429238
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0210189242
IRS990/GrossReceiptsAmt0235965901
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt05980
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt063964
IRS990/InformationTechnologyGrp/ProgramServicesAmt05940
IRS990/InformationTechnologyGrp/TotalAmt075884
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt0-2428420
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt018035973
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt018035973
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt071193135
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt094188435
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0699162529
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0709679612
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt031
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01453
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06019
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04774
IRS990/LandBldgEquipCostOrOtherBssAmt06227
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0167193881
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Foundation's mission is to help the Benevolent and Protective Order of Elks of the United States of America (BPOE) build stronger communities by offering college scholarships, funding programs that build the character and confidence of youth, serving and honoring veterans, and providing Elks Lodges and State Associations with resources they need to accomplish their charitable objectives.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0699546633
IRS990/NetAssetsOrFundBalancesEOYAmt0711851945
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt042995361
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt042995361
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt05430
IRS990/NetUnrlzdGainsLossesInvstAmt0-23514933
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt04680
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0146858
IRS990/OccupancyGrp/ProgramServicesAmt04800
IRS990/OccupancyGrp/TotalAmt0151658
IRS990/OfficeExpensesGrp/FundraisingAmt053936
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt044052
IRS990/OfficeExpensesGrp/ProgramServicesAmt019032
IRS990/OfficeExpensesGrp/TotalAmt0117020
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt03960701
IRS990/OtherAssetsTotalGrp/EOYAmt04838675
IRS990/OtherChangesInNetAssetsAmt017000
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt025768
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt056189
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt062530
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0144487
IRS990/OtherExpensesGrp/Desc0Overhead Allocation
IRS990/OtherExpensesGrp/Desc1Postage and Shipping
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3Awards and Recognition
IRS990/OtherExpensesGrp/FundraisingAmt014305
IRS990/OtherExpensesGrp/FundraisingAmt1166191
IRS990/OtherExpensesGrp/FundraisingAmt278276
IRS990/OtherExpensesGrp/FundraisingAmt374739
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0365449
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt146078
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21862
IRS990/OtherExpensesGrp/ProgramServicesAmt020028
IRS990/OtherExpensesGrp/ProgramServicesAmt1127183
IRS990/OtherExpensesGrp/ProgramServicesAmt2172183
IRS990/OtherExpensesGrp/ProgramServicesAmt3121198
IRS990/OtherExpensesGrp/TotalAmt0399782
IRS990/OtherExpensesGrp/TotalAmt1339452
IRS990/OtherExpensesGrp/TotalAmt2252321
IRS990/OtherExpensesGrp/TotalAmt3195937
IRS990/OtherLiabilitiesGrp/BOYAmt072099064
IRS990/OtherLiabilitiesGrp/EOYAmt095037766
IRS990/OtherRevenueMiscGrp/Desc0Other Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0105008
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0105008
IRS990/OtherRevenueTotalAmt0105008
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0231422
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0382370
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0420174
IRS990/OtherSalariesAndWagesGrp/TotalAmt01033966
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt019389
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt031916
IRS990/PayrollTaxesGrp/ProgramServicesAmt035643
IRS990/PayrollTaxesGrp/TotalAmt086948
IRS990/PensionPlanContributionsGrp/FundraisingAmt010683
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017278
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt018738
IRS990/PensionPlanContributionsGrp/TotalAmt046699
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0286259
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0505224
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0266928
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0246007
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0172126
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0190322
IRS990/PrincipalOfficerNm0James OKelley III
IRS990/PriorPeriodAdjustmentsAmt0656252
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation provided one to four year academic scholarships up to $15,000 per year to approximately 3,000 individuals for the purpose of undergraduate or graduate education.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04341697
IRS990/ProgSrvcAccomActy2Grp/GrantAmt03621565
IRS990/ProgSrvcAccomActy3Grp/Desc0The Foundation provided funds to the Elks Veterans Service Commission for various programs benefiting veterans. The Foundation also provided funds to the Elks Veterans Memorial Restoration Trust to help pay for needed maintenance and upkeep of the Elks Veteran Memorial.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04274951
IRS990/ProgSrvcAccomActy3Grp/GrantAmt04274951
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07002055
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt024716409
IRS990/PYInvestmentIncomeAmt038623865
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03469199
IRS990/PYOtherRevenueAmt0180004
IRS990/PYRevenuesLessExpensesAmt016350601
IRS990/PYSalariesCompEmpBnftPaidAmt01269715
IRS990/PYTotalExpensesAmt029455323
IRS990/PYTotalRevenueAmt045805924
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt037575413
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt0227665
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0234095
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt06430
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09634967
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08515726
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07401583
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07002055
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07576046

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$818,675,624
Liabilities
$106,823,679
Net assets
$711,851,945
Revenue
$68,772,020
Expenses
$31,196,607
Net income
$37,575,413
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$885$12.0$873$61.6$44.5$17.1
2024Detailed filing. Detailed filing data is available for this year.$926$68.7$857$37.4$40.2$2.86
2023Detailed filing. Detailed filing data is available for this year.$877$94.7$782$27.8$42.6$14.8
2022Detailed filing. Detailed filing data is available for this year.$925$77.1$848$95.5$37.2$58.3
2021Detailed filing. Detailed filing data is available for this year.$936$103$833$62.0$32.8$29.2
2020Detailed filing. Detailed filing data is available for this year.$756$103$653$43.4$29.5$13.8
2019Detailed filing. Detailed filing data is available for this year.$819$107$712$68.8$31.2$37.6
2018Detailed filing. Detailed filing data is available for this year.$785$85.9$700$45.8$29.5$16.4
2017Detailed filing. Detailed filing data is available for this year.$778$122$656$31.5$27.2$4.25
2016Detailed filing. Detailed filing data is available for this year.$733$115$618$36.1$29.3$6.79