Elks National Foundation Inc
- Assets
- $926.0m
- Revenue
- $37.4m
- Investments
- $292.8m
- Employees
- 28
- Location
- Chicago, IL
- Founding
- 02/2009
- Data as of
- 03/2024
- EIN
- 26-3718342
Organization Overview
Elks National Foundation Inc is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 03/2024, Elks National Foundation Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elks National Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2024, Elks National Foundation Inc generated $37.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $40.2m during the year ending 03/2024. While expenses have increased by 3.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Elks National Foundation Inc has awarded 3,024 individual grants totaling $207,277,101. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
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 VETERANS, AND PROVIDING ELKS LODGES AND STATE ASSOCIATIONS WITH RESOURCES THEY NEED TO ACCOMPLISH THEIR CHARITABLE OBJECTIVES.
Describe the Organization's Program Activity:
THE 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.
THE 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.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.
HOOP SHOOT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael F Smith Chairman | OfficerTrustee | 1 | $0 |
Roger R True Vice Chairman | OfficerTrustee | 1 | $0 |
James L Nichelson Secretary | OfficerTrustee | 1 | $0 |
F Louis Sulsberger Asst Secretary | OfficerTrustee | 1 | $0 |
John D Amen Treasurer | OfficerTrustee | 1 | $0 |
Louis J Grillo Asst Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sunny Day Entertainment Llc Drug Prevention Campaign | 3/30/23 | $395,000 |
Barton Barton Company Trophy Provider | 3/30/23 | $143,745 |
Prevention Plus Llc Education And Outreach | 3/30/23 | $110,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $350,326 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,565,464 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,915,790 |
| Total Program Service Revenue | $0 |
| Investment income | $18,262,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $248,160 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,902,844 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,385,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,919,228 |
| Grants and other assistance to domestic individuals. | $5,793,198 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,385,364 |
| Pension plan accruals and contributions | $57,268 |
| Other employee benefits | $159,040 |
| Payroll taxes | $97,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,692 |
| Fees for services: Accounting | $40,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,825,384 |
| Fees for services: Other | $218,353 |
| Advertising and promotion | $386,173 |
| Office expenses | $305,617 |
| Information technology | $47,960 |
| Royalties | $0 |
| Occupancy | $257,607 |
| Travel | $642,932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $635,025 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $264,514 |
| Total functional expenses | $40,244,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $887,859 |
| Savings and temporary cash investments | $8,115,330 |
| Pledges and grants receivable | $4,878 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $293,283 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $618,549,532 |
| Investments—other securities | $292,798,409 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,332,836 |
| Total assets | $925,982,127 |
| Accounts payable and accrued expenses | $433,974 |
| Grants payable | $11,241,407 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,007,790 |
| Total liabilities | $68,683,171 |
| Net assets without donor restrictions | $42,475,411 |
| Net assets with donor restrictions | $814,823,545 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $925,982,127 |
Grants Awarded
Over the last fiscal year, Elks National Foundation Inc has awarded $24,534,264 in support to 1,511 organizations.
| Grant Recipient | Amount |
|---|---|
CODY WY LODGE NO 1611 PURPOSE: COMMUNITY INVESTMENTS PROGRAM | $6,000 |
WORLAND WY LODGE NO 1908 PURPOSE: COMMUNITY INVESTMENTS PROGRAM | $8,500 |
SHERIDAN WY LODGE NO 520 PURPOSE: COMMUNITY INVESTMENTS PROGRAM | $8,000 |
CHEYENNE WY LODGE NO 660 PURPOSE: COMMUNITY INVESTMENTS PROGRAM | $18,500 |
JACKSON WY LODGE NO 1713 PURPOSE: COMMUNITY INVESTMENTS PROGRAM | $9,500 |
GILLETTE WY LODGE NO 2825 PURPOSE: COMMUNITY INVESTMENTS PROGRAM | $8,000 |