Elks National Foundation Inc
- Assets
- $936.5m
- Revenue
- $62.0m
- Investments
- $90.1m
- Employees
- 27
- Location
- Chicago, IL
- Founding
- 02/2009
- Data as of
- 03/2021
- 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 03/2022, Elks National Foundation Inc employed 27 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 03/2021, Elks National Foundation Inc generated $62.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $32.8m during the year ending 03/2021. While expenses have increased by 1.6% per year over the past 7 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 34 individual grants totaling $153,870,922. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 AND HONORING VETERANS, AND PROVIDING ELKS LODGES AND STATE ASSOCIATIONS WITH RESOURCES THEY NEED TO ACCOMPLISH THEIR CHARITABLE OBJECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 |
|---|---|---|---|
James O'kelley III Director | 40 | $138,815 | |
James M Mcquillan Chairman | OfficerTrustee | 1 | $0 |
Roger R True Secretary | OfficerTrustee | 1 | $0 |
Michael F Smith Vice Chairman | OfficerTrustee | 1 | $0 |
John D Amen Asst Secretary | OfficerTrustee | 1 | $0 |
James L Nichelson Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bernzott Capital Advisors Investment Advisor | 3/30/19 | $468,471 |
Columbia Management Investment Advisor | 3/30/19 | $361,719 |
Baird Equity Asset Management Investment Advisor | 3/30/19 | $220,469 |
Jpmorgan Asset Management Investment Advisor | 3/30/19 | $617,733 |
Pow Entertainment Llc Drug Prev Campaign | 3/30/19 | $445,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,560,903 |
| Investment income | $15,557,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $102,110 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,804,714 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,047,958 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,799,263 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $1,212,660 |
| Pension plan accruals and contributions | $53,263 |
| Other employee benefits | $113,518 |
| Payroll taxes | $96,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,341 |
| Fees for services: Accounting | $27,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155,054 |
| Advertising and promotion | $437,724 |
| Office expenses | $167,885 |
| Information technology | $62,224 |
| Royalties | $0 |
| Occupancy | $130,050 |
| Travel | $18,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105,900 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $32,848,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,151 |
| Savings and temporary cash investments | $23,968,066 |
| Pledges and grants receivable | $275,461 |
| Accounts receivable, net | $44,636 |
| 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 | $253,815 |
| Investments—publicly traded securities | $816,395,624 |
| Investments—other securities | $90,073,057 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,907,742 |
| Total assets | $936,472,552 |
| Accounts payable and accrued expenses | $604,982 |
| Grants payable | $12,032,972 |
| Deferred revenue | $2,200 |
| 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 | $90,829,027 |
| Total liabilities | $103,469,181 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $833,003,371 |
Grants Awarded
Over the last fiscal year, Elks National Foundation Inc has awarded $26,082,390 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ELKS LODGES PURPOSE: COMMUNITY INVESTMENT PROGRAMS | $11,087,179 |
ELKS STATE ASSOCIATIONS PURPOSE: PROGRAMS SUPPORT | $9,971,026 |
Chicago, IL PURPOSE: PROGRAMS SUPPORT | $4,441,380 |
Chicago, IL PURPOSE: BUILDING MAINTENANCE AND REPAIRS | $527,805 |
Springfield, MA PURPOSE: SPONSORSHIP | $45,000 |
CAMP IDLEWILD PURPOSE: PROGRAMS SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 47 grants that Elks National Foundation Inc has recieved totaling $360,869.
| Awarding Organization | Amount |
|---|---|
Benevolent & Protective Order Of Elks Of The Usa Mission Viejo, CA PURPOSE: ASSIST CHILDREN WITH DISABILITIES. | $138,533 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $39,489 |
Organization Name not Listed PURPOSE: GENERAL SUPPORT OF THEIR MISSION. | | $19,044 |
Benevolent & Protective Order Of Elks Of The Usa Bismarck, ND PURPOSE: SUPPORT MISSION | $16,500 |
Benevolent & Protective Order Of Elks Of The Usa Petaluma, CA PURPOSE: GENERAL SUPPORT | $14,500 |
Benevolent & Protective Order Of Elks Of The Usa Bremerton, WA PURPOSE: GENERAL SUPPORT FOR ELKS NATIONAL FOUNATION | $14,095 |
Endowment Analysis
| Beg. Balance | $789,689,497 |
| Earnings | $41,790,541 |
| Admin Expense | $1,019,675 |
| Net Contributions | $5,534,484 |
| Grants | $29,910,970 |
| Ending Balance | $806,083,877 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Louis Community Foundation Incorporated St Louis, MO | $436,956,368 | $124,413,038 |
Mount Sinai Community Foundation Chicago, IL | $11,409,546 | $72,991,931 |
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Community Foundation Of The Ozarks Inc Springfield, MO | $393,798,423 | $57,110,719 |