Skip to content
Nonprofiteer
← ELKS VETERANS MEMORIAL RESTORATION TRUST

Form 990 for tax year 2024

Filed by ELKS VETERANS MEMORIAL RESTORATION TRUST.

Totals

Total revenue
$2,939,924
Total expenses
$1,072,586
Contributions and grants received
$686,331
Grants paid
$0
Program service revenue
$455,677
Investment income
$1,797,916
Other revenue
$0
Total assets, end of year
$13,159,284
Total liabilities, end of year
$126,913
Net assets or fund balances, end of year
$13,032,371
Program services expenses (Part IX)
$986,635
Management and general expenses
$85,951
Fundraising expenses
$0
Program service expenses (Part III)
$986,635

Program services were 92.0% 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.

  • 1d · Related organizations

    $647,030

  • 1f · All other contributions, gifts and grants

    $39,301

  • 1g · Noncash contributions included above

    $17,562

  • 2a · Program service revenue: MAINTENANCE AND ASSESMENTS

    total $455,677 · related or exempt $455,677

  • 3 · Investment income

    total $299,464 · excluded $299,464

  • 7a · Gross sales of assets other than inventory

    securities $11,115,319

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

    securities $9,616,867

  • 7c · Gain or loss

    securities $1,498,452

  • 7d · Net gain or loss

    total $1,498,452 · excluded $1,498,452

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $16,230 · program services $830 · management and general $15,400

  • 11f · Fees: investment management

    total $30,343 · management and general $30,343

  • 13 · Office expenses

    total $40,265 · program services $35,700 · management and general $4,565

  • 14 · Information technology

    total $746 · program services $746

  • 17 · Travel

    total $1,335 · program services $1,335

  • 22 · Depreciation, depletion and amortization

    total $10,191 · program services $10,191

  • 23 · Insurance

    total $160,644 · program services $160,644

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $297,328 · program services $297,328

  • 24b · Other expenses: RELATED-PARTY PAYROLL

    total $193,137 · program services $193,137

  • 24c · Other expenses: UTILITIES

    total $119,431 · program services $119,431

  • 24d · Other expenses: JANITORIAL

    total $89,159 · program services $89,159

  • 24e · All other expenses

    total $113,777 · program services $78,134 · management and general $35,643

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $655,084 · end of year $608,329

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,488 · end of year $53,172

  • 10a · Land, buildings and equipment: cost or other basis

    $89,668

  • 10b · Land, buildings and equipment: accumulated depreciation

    $59,220

  • 10c · Land, buildings and equipment, net

    beginning of year $40,639 · end of year $30,448

  • 11 · Investments: publicly traded securities

    beginning of year $5,188,540 · end of year $5,666,379

  • 12 · Investments: other securities

    beginning of year $5,995,983 · end of year $6,595,599

  • 15 · Other assets

    beginning of year $12,851 · end of year $205,357

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,974 · end of year $126,913

  • 25 · Other liabilities

    beginning of year $10,564 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $11,858,047 · end of year $13,032,371

Mission and programs · 2024

Mission

THE TRUST WAS ESTABLISHED TO RESTORE, REFURBISH, REPAIR AND MAINTAIN THE ELKS NATIONAL MEMORIAL BUILDING AND THE ART OBJECTS CONTAINED THEREIN.

  • THE TRUST PROVIDES THE GENERAL MAINTENANCE FOR THE PUBLIC VIEWING AREAS IN THE ELKS NATIONAL MEMORIAL BUILDING LOCATED IN CHICAGO, ILLINOIS. THE MEMORIAL BUILDING IS DEDICATED TO THE MEMORY OF ALL THOSE WHO GAVE THEIR LIVES IN WORLD WARS I AND II AND IN THE KOREAN, VIETNAM AND PERSIAN GULF CONFLICTS, AND IS OPEN TO THE PUBLIC THROUGHOUT THE YEAR.

    Expenses $949,213 · Revenue $455,677

  • THE TRUST PROVIDES GUIDES TO FACILITATE TOURS FOR THE GENERAL PUBLIC THROUGH THE ELKS NATIONAL MEMORIAL BUILDING.

    Expenses $37,422

As filed on the 2024 return.

Listed in Part VII

  • Ronald L Hicks

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Malcolm J McPherson Jr

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Michael F Zellen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Louis J Grillo

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael T Luhr

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bryan Klatt

    GRAND SECRETARY

    Total calculated
    $244,118
    From this org
    $0
    From related orgs
    $220,498
    Other
    $23,620
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $220,498 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,859 related
    Nontaxable benefits
    $0 + $12,761 related
    Filer's total
    $0 + $244,118 related

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

No itemized grants to organizations on this return.

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.

  • BENEVOLENT AND PROTECTIVE ORDER OF ELKS

    501(C)(8) · FRATERNAL · DC

  • ELKS NATIONAL FOUNDATION INC

    501(C)(3) · CHARITY · IL

    Directly controlled by BENEVOLENT AND PROTECTIVE ORDER OF ELKS

  • ELKS NATIONAL VETERANS SERVICE COMMISSION

    501(C)(3) · SERVICE FOR VETERANS · IL

    Directly controlled by BENEVOLENT AND PROTECTIVE ORDER OF ELKS

  • ELKS NATIONAL DRUG AWARENESS COMMISSION

    501(C)(3) · DRUG AWARENESS · IL

    Directly controlled by BENEVOLENT AND PROTECTIVE ORDER OF ELKS

Provenance

Return type
form_990
Tax year
2024
Filed
26 January 2026
IRS schema version
2024v5.5
Source object
202640269349300639

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

The source document this was parsed from is served over the API, which is where bulk and document access live.