Dallas Elks Lodge 71

“Elks lodges have members, not stockholders.”

“Officers who are members of the board of directors are elected for varying terms by the members during scheduled lodge meetings”

“Some decisions, such as approval to spend unbudgeted funds are first approved by the board of directors and then brought up for a vote in the general membership meetings.”

“The financial statements and tax returns are reviewed by the board of directors and the general membership and votes are taken to approve them. The board of directors meets monthly and the general membership meets twice per month except during vacation and holiday months.”

“Lodge financial statements are not made available to the public except as required by law.”

“Elks are primarily a volunteer organization. Employees are generally cooks, bartenders, and servers.”

“Activities that involve an admission fee have fundraising elements. However, most events have a substantial fraternal aspect as well.”

“Rv rental is restricted to elks members, usually traveling from other lodges and thus is primarily fraternal. However, lodge rentals are offered to non-members and thus classified as an unrelated business.”

“We are supporting the tecot facility at lake texoma.”

“The swimming pool is the main additional asset. The new roof overlay is also an additional asset. Both were largely funded via loans.”

“The primary purpose of the lodge ballroom and other spaces at 8550 lullwater drive is to provide accomodations for fraternal activities. Since these spaces aren't used 100% of the time, the lodge rents them to outside interest to provide additional income. Dallas 71 is on oe some 2,000 elks lodges in the the united states. We conduct rituals, dues, and projects specified by the national office. All these actions are needed to keep the lodge active and make the rental spaces available to provide this unrelated income. Consequently, they are proportionately allocated to the financial account of the rental.”