Civic Intelligence

Benevolent and Protective Order of Elks # 2661

990 • Fiscal year 2022 • EIN 59-2287229

Apr 01, 2021 to Mar 31, 2022 • Filed on Jun 14, 2022

PO Box 1085Lake Placid, FL 33862-1085

(863) 840-1070

Siviq Scores

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

Liabilities / Assets

76th percentile

0.11x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)8 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

0.22x

Higher debt load relative to revenue than 80% of similar nonprofits.

2022 filings • 501(c)8 • <$500k nonprofits • Source year 2022

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

2022 filings • 501(c)8 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)8 • <$500k nonprofits • Source year 2022

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2022 filings • 501(c)8 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

68th percentile

43%

Faster revenue growth than 68% of similar nonprofits.

2022 filings • 501(c)8 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$481,073

Up $50,881 (+12%) from 2021

Net Assets

Up

$430,424

Up $37,917 (+9.7%) from 2021

Liabilities

Up

$50,649

Up $12,964 (+34%) from 2021

Revenue

Up

$228,148

Up $68,822 (+43%) from 2021

Expenses

Up

$190,231

Up $21,753 (+13%) from 2021

Net Income

Up

$37,917

Up $47,069 (+514%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $260,528Liabilities 2012: $77,186Net Assets 2012: $183,3422012Assets 2013: $245,210Liabilities 2013: $71,756Net Assets 2013: $173,4542013Assets 2014: $258,953Liabilities 2014: $63,001Net Assets 2014: $195,9522014Assets 2015: $275,255Liabilities 2015: $60,388Net Assets 2015: $214,8672015Assets 2016: $286,709Liabilities 2016: $55,532Net Assets 2016: $231,1772016Assets 2017: $272,906Liabilities 2017: $46,004Net Assets 2017: $226,9022017Assets 2018: $284,741Liabilities 2018: $34,794Net Assets 2018: $249,9472018Assets 2019: $262,905Liabilities 2019: $25,524Net Assets 2019: $237,3812019Assets 2020: $444,460Liabilities 2020: $26,221Net Assets 2020: $418,2392020Assets 2021: $430,192Liabilities 2021: $37,685Net Assets 2021: $392,5072021Assets 2022: $481,073Liabilities 2022: $50,649Net Assets 2022: $430,4242022Assets 2023: $456,682Liabilities 2023: $31,024Net Assets 2023: $425,6582023Assets 2024: $456,682Liabilities 2024: $31,024Net Assets 2024: $425,6582024

Highlighted filing

2022

Assets$481,073
Liabilities$50,649
Net Assets$430,424

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $251,577Expenses 2012: $254,670Net Income 2012: -$3,0932012Revenue 2013: $220,864Expenses 2013: $230,752Net Income 2013: -$9,8882013Revenue 2014: $251,675Expenses 2014: $229,177Net Income 2014: $22,4982014Revenue 2015: $261,961Expenses 2015: $243,046Net Income 2015: $18,9152015Revenue 2016: $281,786Expenses 2016: $265,476Net Income 2016: $16,3102016Revenue 2017: $269,302Expenses 2017: $273,577Net Income 2017: -$4,2752017Revenue 2018: $261,604Expenses 2018: $238,559Net Income 2018: $23,0452018Revenue 2019: $253,689Expenses 2019: $227,802Net Income 2019: $25,8872019Revenue 2020: $521,461Expenses 2020: $339,855Net Income 2020: $181,6062020Revenue 2021: $159,326Expenses 2021: $168,478Net Income 2021: -$9,1522021Revenue 2022: $228,148Expenses 2022: $190,231Net Income 2022: $37,9172022Revenue 2023: $206,253Expenses 2023: $211,020Net Income 2023: -$4,7672023Revenue 2024: $206,253Expenses 2024: $211,020Net Income 2024: -$4,7672024

Highlighted filing

2022

Revenue$228,148
Expenses$190,231
Net Income$37,917
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Mar 31, 2022
Signed
Jun 14, 2022
Return Version
2021v4.2
Gross Receipts
$442,764
Mission and Program Overview

Mission

Fraternal organization-charitable endeavors.

Fraternal organization - charitable endeavors

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$236,033-
Land, Buildings, and Equipment, Net$124,050$117,521▼ $6,529
Cash and Non-Interest-Bearing Accounts$83,118$57,200▼ $25,918
Savings and Temporary Cash Investments$207,383$54,359▼ $153,024
Inventories for Sale or Use$13,675$13,994▲ $319
Total Assets$430,192$481,073▲ $50,881
Other Assets Total$1,966$1,966→ $0
Liabilities
Deferred Revenue$35,573$34,616▼ $957
Other Liabilities-$15,012-
Accounts Payable and Accrued Expenses$2,112$1,021▼ $1,091
Total Liabilities$37,685$50,649▲ $12,964
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$392,507$430,424▲ $37,917
Total Net Assets Fund Balance$392,507$430,424▲ $37,917
Total Liabilities and Net Assets / Fund Balance$430,192$481,073▲ $50,881

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,300$296,328$304,628
Buildings-$195,637$195,637
Land$106,970-$106,970
Leasehold Improvements$2,251$496$2,747
Other Assets Org$1,966--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Evelyn CresseTrustee
Gordon Ellery JrTrustee
Jim LindTrustee
Crystall McculloughExhalted Ruler
Amy BovairLeading Knight
Pat StricklandLecturing Knight
Richard LentLoyal Knight
Marge HolbrookSecretary
Richard DenhartTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$115,078
Program Service Revenue
$0
Investment Income
$14,185
Other Revenue
$98,885
All Other Contributions
$40,054
Change in Net Assets
$37,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,586
Salaries, Compensation, and Employee Benefits$48,778
Grants and Similar Amounts Paid$29,289
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$47,684--$47,684
Occupancy$38,543--$38,543
Grants to Domestic Orgs$29,289--$29,289
Payments to Affiliates$18,172--$18,172
Insurance$12,655--$12,655
Office Expenses$9,974--$9,974
Depreciation Depletion$6,529--$6,529
Other Expenses$6,159--$6,159
Conferences and Meetings$5,920--$5,920
Benefits to Members$4,578--$4,578
Fees for Service Investment Mgmnt Fees$2,645--$2,645
Advertising$2,472--$2,472
Fees for Services Accounting-$1,767-$1,767
Payroll Taxes$1,094--$1,094
Total Functional Expenses$188,464$1,767$0$190,231
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$134,938
Gaming Direct Expenses$83,108
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unrealized Gainon Investments$15,012
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

Classes of members governing documents are initially established by the grand lodge throught the charter process. Individual lodges may modify these documents through membership action only upon approval by the grand lodge, judiciary committee. Copies of governing documents are available upon request.

Member election for additional members Part VI line 7A

Election of members and their rights governing documents are initially established through the charter process. Individual lodges may modify these documents through memberhsip action only upon approval of the grand lodge judiciary committee. Copies of govrning documents are available upon request.

Governing body decisions Part VI line 7B

Decisions subject to approval of membbers governing documents are initially established through the grand lodge through the charter process. Individual lodges may modify these documents through membership action only upon approval by the grand loddge judiciary committee. Copies of governing documents are available upon request.

Form 990 governing body review Part VI line 11

Organizations process to review form 990 year end is provided to the entire membership for acceptance prior to approval. Form 990 is reviewed and accepted by responsible parties within the organization prior to the filing of the form 990.

Conflict of interest policy compliance Part VI line 12C

Conflict of interest policy is provided for in the lodges bylaws

CEO executive director top management comp Part VI line 15A

Compensation process for officers compensation is provided for in the lodges by laws and are modified as needed. But, no less frequently than every five years. All by law provisions are approved by the membership and subjected to review by the grand lodge juciciary committee.

Governing documents etc available to public Part VI line 19

Governing documents disclosure explanation governing documents are initially established by the grand lodge through the charter process. Individual lodges may modify these documents through membership action only upon approval of the grand lodge judiciary committee. Copies of govverning documents are available upon request

Filing and Contact Details

Filer

Filer Name
Benevolent and Protective Order of Elks
EIN
59-2287229
Address
PO BOX 1085, LAKE PLACID, FL 33862-1085
Doing Business As
Lake Placid Lodge 2661

Signing Officer

Name
Richard Denhart
Title
Treasurer
Phone
8634652661
Signed
2022-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Denhart
Formed
1983
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
120

Preparer

Firm
Gerard & Associates CPAs
Address
219 East Center Avenue, Sebring, FL 33870
Preparer
Priscilla Gerard CPA
Phone
8633851441
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNREALIZED GAINON INVESTMENTS
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt01966
IRS990ScheduleD/TotalLiabilityAmt015012
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IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt083108
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CLASSES OF MEMBERS GOVERNING DOCUMENTS ARE INITIALLY ESTABLISHED BY THE GRAND LODGE THROUGHT THE CHARTER PROCESS. INDIVIDUAL LODGES MAY MODIFY THESE DOCUMENTS THROUGH MEMBERSHIP ACTION ONLY UPON APPROVAL BY THE GRAND LODGE, JUDICIARY COMMITTEE. COPIES OF GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELECTION OF MEMBERS AND THEIR RIGHTS GOVERNING DOCUMENTS ARE INITIALLY ESTABLISHED THROUGH THE CHARTER PROCESS. INDIVIDUAL LODGES MAY MODIFY THESE DOCUMENTS THROUGH MEMBERHSIP ACTION ONLY UPON APPROVAL OF THE GRAND LODGE JUDICIARY COMMITTEE. COPIES OF GOVRNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS SUBJECT TO APPROVAL OF MEMBBERS GOVERNING DOCUMENTS ARE INITIALLY ESTABLISHED THROUGH THE GRAND LODGE THROUGH THE CHARTER PROCESS. INDIVIDUAL LODGES MAY MODIFY THESE DOCUMENTS THROUGH MEMBERSHIP ACTION ONLY UPON APPROVAL BY THE GRAND LODDGE JUDICIARY COMMITTEE. COPIES OF GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATIONS PROCESS TO REVIEW FORM 990 YEAR END IS PROVIDED TO THE ENTIRE MEMBERSHIP FOR ACCEPTANCE PRIOR TO APPROVAL. FORM 990 IS REVIEWED AND ACCEPTED BY RESPONSIBLE PARTIES WITHIN THE ORGANIZATION PRIOR TO THE FILING OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICT OF INTEREST POLICY IS PROVIDED FOR IN THE LODGES BYLAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION PROCESS FOR OFFICERS COMPENSATION IS PROVIDED FOR IN THE LODGES BY LAWS AND ARE MODIFIED AS NEEDED. BUT, NO LESS FREQUENTLY THAN EVERY FIVE YEARS. ALL BY LAW PROVISIONS ARE APPROVED BY THE MEMBERSHIP AND SUBJECTED TO REVIEW BY THE GRAND LODGE JUCICIARY COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION GOVERNING DOCUMENTS ARE INITIALLY ESTABLISHED BY THE GRAND LODGE THROUGH THE CHARTER PROCESS. INDIVIDUAL LODGES MAY MODIFY THESE DOCUMENTS THROUGH MEMBERSHIP ACTION ONLY UPON APPROVAL OF THE GRAND LODGE JUDICIARY COMMITTEE. COPIES OF GOVVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BENEVOLENT AND PROTECTIVE ORDER OF ELKS
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