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Nonprofiteer
← ELKS NATIONAL FOUNDATION INC

Form 990 for tax year 2023

Filed by ELKS NATIONAL FOUNDATION INC.

Totals

Total revenue
$37,385,570
Total expenses
$40,244,595
Contributions and grants received
$9,915,790
Grants paid
$30,712,426
Program service revenue
$0
Investment income
$27,165,622
Other revenue
$304,158
Total assets, end of year
$925,982,127
Total liabilities, end of year
$68,683,171
Net assets or fund balances, end of year
$857,298,956
Program services expenses (Part IX)
$32,997,923
Management and general expenses
$5,776,592
Fundraising expenses
$1,470,080
Program service expenses (Part III)
$32,997,923

Program services were 82.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $350,326

  • 1f · All other contributions, gifts and grants

    $9,565,464

  • 3 · Investment income

    total $18,262,778 · excluded $18,262,778

  • 5 · Royalties

    total $248,160 · unrelated business $4,540 · excluded $243,620

  • 7a · Gross sales of assets other than inventory

    securities $345,650,204

  • 7b · Less cost or other basis and sales expenses

    securities $336,747,360

  • 7c · Gain or loss

    securities $8,902,844

  • 7d · Net gain or loss

    total $8,902,844 · excluded $8,902,844

  • 11a · Other revenue: OTHER REVENUE

    total $55,998 · excluded $55,998

  • 11e · Other revenue, total

    $55,998

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $24,919,228 · program services $24,919,228

  • 2 · Grants to domestic individuals

    total $5,793,198 · program services $5,793,198

  • 7 · Other salaries and wages

    total $1,385,364 · program services $504,842 · management and general $617,745 · fundraising $262,777

  • 8 · Pension plan contributions

    total $57,268 · program services $20,374 · management and general $25,572 · fundraising $11,322

  • 9 · Other employee benefits

    total $159,040 · program services $60,637 · management and general $74,275 · fundraising $24,128

  • 10 · Payroll taxes

    total $97,613 · program services $37,774 · management and general $40,113 · fundraising $19,726

  • 11b · Fees: legal

    total $52,692 · program services $2,085 · management and general $50,607

  • 11c · Fees: accounting

    total $40,145 · management and general $40,145

  • 11f · Fees: investment management

    total $3,825,384 · management and general $3,825,384

  • 11g · Fees: other

    total $218,353 · program services $50,365 · management and general $77,438 · fundraising $90,550

  • 12 · Advertising and promotion

    total $386,173 · program services $71,326 · management and general $5,125 · fundraising $309,722

  • 13 · Office expenses

    total $305,617 · program services $24,538 · management and general $185,634 · fundraising $95,445

  • 14 · Information technology

    total $47,960 · program services $378 · management and general $45,675 · fundraising $1,907

  • 16 · Occupancy

    total $257,607 · management and general $257,607

  • 17 · Travel

    total $642,932 · program services $606,308 · management and general $30,810 · fundraising $5,814

  • 19 · Conferences, conventions and meetings

    total $635,025 · program services $527,131 · management and general $59,355 · fundraising $48,539

  • 24a · Other expenses: TAXES

    total $1,422 · management and general $1,422

  • 24b · Other expenses: OVERHEAD ALLOCATION

    total $408,955 · program services $61,368 · management and general $331,367 · fundraising $16,220

  • 24c · Other expenses: AWARDS AND RECOGNITION

    total $387,514 · program services $129,655 · fundraising $257,859

  • 24d · Other expenses: POSTAGE AND DELIVERY

    total $358,591 · program services $85,924 · management and general $58,436 · fundraising $214,231

  • 24e · All other expenses

    total $264,514 · program services $102,792 · management and general $49,882 · fundraising $111,840

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $309,648 · end of year $887,859

  • 2 · Savings and temporary cash investments

    beginning of year $14,746,972 · end of year $8,115,330

  • 3 · Pledges and grants receivable

    beginning of year $158,534 · end of year $4,878

  • 9 · Prepaid expenses and deferred charges

    beginning of year $386,014 · end of year $293,283

  • 11 · Investments: publicly traded securities

    beginning of year $620,196,786 · end of year $618,549,532

  • 12 · Investments: other securities

    beginning of year $235,957,517 · end of year $292,798,409

  • 15 · Other assets

    beginning of year $5,171,407 · end of year $5,332,836

  • 17 · Accounts payable and accrued expenses

    beginning of year $709,249 · end of year $433,974

  • 18 · Grants payable

    beginning of year $13,881,663 · end of year $11,241,407

  • 25 · Other liabilities

    beginning of year $80,101,862 · end of year $57,007,790

  • 27 · Net assets without donor restrictions

    beginning of year $41,495,002 · end of year $42,475,411

  • 28 · Net assets with donor restrictions

    beginning of year $740,739,102 · end of year $814,823,545

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $6,371,284 · Grants $5,803,600

  • 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.

    Expenses $25,185,181 · Grants $24,863,226

  • HOOP SHOOT

    Expenses $1,441,458 · Grants $45,600

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael F Smith

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Roger R True

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • James L Nichelson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • F Louis Sulsberger

    ASST SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John D Amen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Louis J Grillo

    ASST TREASURER

    Total calculated
    $0
    Hours/week
    1

  • James M McQuillan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James O'Kelley III

    DIRECTOR

    Total calculated
    $168,233
    From this org
    $146,102
    From related orgs
    $0
    Other
    $22,131
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,102
    Bonus
    $0
    Other
    $0
    Deferred
    $7,626
    Nontaxable benefits
    $14,505
    Filer's total
    $168,233

  • Deborah Kahler Doles

    ASST DIRECTOR

    Total calculated
    $116,563
    From this org
    $101,820
    From related orgs
    $0
    Other
    $14,743
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2024
IRS schema version
2023v5.1
Source object
202432269349302103

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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