Michigan Elks Association Charitable Grant Fund
- Assets
- $1.5m
- Revenue
- $139.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Pinckney, MI
- Founding
- 09/1985
- Data as of
- 03/2024
- EIN
- 38-2599208
Organization Overview
Michigan Elks Association Charitable Grant Fund is located in Pinckney, MI. The organization was established in 1985. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Elks Association Charitable Grant Fund 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, Michigan Elks Association Charitable Grant Fund generated $139.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $87.8k during the year ending 03/2024. While expenses have increased by 8.2% per year over the past 8 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, Michigan Elks Association Charitable Grant Fund has awarded 153 individual grants totaling $314,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION AWARDED SCHOLARSHIPS TO DISABLED STUDENTS ATTENDING COLLEGES,UNIVERSITIES OR TRADE SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geno Grabinski Executive Director | 1 | $0 | |
Diana Armstrong Commissioner | 1 | $0 | |
Joan Rowland Vice Chair | 1 | $883 | |
Michael Ilmonen Secretary | 1 | $0 | |
Jay Ericson Treasurer | 1 | $0 | |
Michael Bowmen Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $63,250 |
| Interest on Savings | $37,049 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $50,220 |
| Net ST Capital Gain | $5,315 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,673 |
| Total Revenue | $138,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,343 |
| Printing and publications | $0 |
| Other expenses | $24,481 |
| Total operating and administrative expenses | $31,824 |
| Contributions, gifts, grants paid | $56,000 |
| Total expenses and disbursements | $87,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,904 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,391,026 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,538,930 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Michigan Elks Association Charitable Grant Fund has awarded $56,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
DAYTON KUEHI PURPOSE: SCHOLARSHIP | $2,000 |
TREVOR PFUNDT PURPOSE: SCHOLARSHIP | $2,000 |
DALTON KEENER PURPOSE: SCHOLARSHIP | $2,000 |
ALLISON LAURIE PURPOSE: SCHOLARSHIP | $2,000 |
THERESSA BARRETT PURPOSE: SCHOLARSHIP | $2,000 |
MIKAYLA DOUGHERTY PURPOSE: SCHOLARSHIP | $2,000 |