Illinois P E O Home

The information for Illinois P E O Home is as of the organization's most recent filing in March 2021. This organization is located in Mcnabb, IL. It has been in existence for 63 years, following its founding in 1958.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Illinois P E O Home's NTEE code is B83. The "B" tells us that the organization is classified along with Education. The "83" tells us that the organization is a Student Sororities & Fraternities. The NTEE describes Student Sororities & Fraternities as associations for male and female students which are chapters of national or international organizations, have secret rites and restricted membership, and may undertake, as a part of their activities, community improvement or charitable projects. Included are student sororities and fraternities and honorary societies that represent specific academic disciplines.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Illinois P E O Home is to provide financial assistance toward housing for senior women in need.

Program Areas

The organization provides financial assistance towards housing for senior women in need. This assistance is tracked within the general fund, where the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Board Governance

Illinois P E O Home is well-governed. The organization has five voting members and five independent members, so it is well-balanced and free from potential conflicts of interest. Board meetings and committee meetings are documented, and the organization has a conflict of interest policy. The organization also provides copies of the 990 to the board prior to filing. However, the organization does not have a written whistleblower policy, document retention policy, or a policy to substantiate and review leadership and officer salaries. Despite these deficiencies, Illinois P E O Home is still well-governed.

Organization Growth

Over the past 6 years, Illinois P E O Home has seen an overall decrease in both revenue and expenses. Contributions & Grants Received saw an increase in that time, while Investment Income and Grants Paid saw a decrease. This indicates that the organization has not grown significantly in that time period, but has instead remained relatively stable.