Benevolent and Protective Order Of

“The lodge is organized with dues paying members who meet each thursday to approve lodge business decisions as presented by the executive committee.”

“The annual slate of officers are nominated and presented to the membership at an annual meeting to vote their approval or disapproval of the new officers and trustees.”

“Management and governance policies and procedures are contained in the benevolent and protective order of elks (bpoe) annotated statutes and local bylaws administered by lodge officers subject to approval by lodge members.”

“Form 990 review process includes distributing copies of the form to officers and trustees via board packet after completion of the form by the contracted cpa or treasurer. The 990 is them discussed and approved at the next trustee meeting, or, if time is short, discussion and approval consensus is obtained via phone or email prior to filing form 990 each year.”

“As outlined in the bpoe elks grand lodge statutes, local bylaws, and house rules, monitored by local lodge officers.”

“Compensation for top management review and approval process per bpoe annotated statutes and local lodge bylaws under internal revenue service group exemption 1156. Typically only the secretary and treasurer receive minimal compensation for duties performed.”

“Compensation for employees review and approval process per bpoe annotated statutes and local lodge bylaws under irs group exemption 1156. Compensation is set by the board of turstees utilizing comparable wage data for similar local positions, is reviewed at least annually, and is approved by the board of trustees prior to any hiring or wage increases. Currently only the secretary and treasurer (bookkeeper) are paid minimal wages for duties performed.”

“Governing documents, policies, and financial statements are available by advance appointment at the office location. Annual form 990 is also available at guidestar.org. Governance and operating policies and procedures are available at bpoe of the usa website www.elks.org.”

“Lodge members invest in their community through programs that help youth grow up healthy and drug-free, that address unmet needs in the community, and that honor the service and sacrifice of veterans in the newport, oregon area.”

“Accounting method changed from modified cash to accrual accounting as the lodge engaged a cpa firm to perform a financial statement review engagement in accordance with accounting principles generally accepted in the united states (usgaap). Since the lodge was recording inventory and fixed assets, the change to accrual accounting was minor and provides improved financial reporting, properly matching revenue and expenses of the fiscal period for improved financial management of the lodge.”