Elks Veterans Memorial Restoration Trust
- Assets
- $10.8m
- Revenue
- $2.2m
- Investments
- $4.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1990
- Data as of
- 04/2022
- EIN
- 36-3718320
Organization Overview
Elks Veterans Memorial Restoration Trust is located in Chicago, IL. The organization was established in 1990. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elks Veterans Memorial Restoration Trust 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 04/2022, Elks Veterans Memorial Restoration Trust generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.1m during the year ending 04/2022. While expenses have increased by 3.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST WAS ESTABLISHED TO RESTORE, REFURBISH, REPAIR AND MAINTAIN THE ELKS NATIONAL MEMORIAL BUILDING AND THE ART OBJECTS CONTAINED THEREIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
THE TRUST PROVIDES GUIDES TO FACILITATE TOURS FOR THE GENERAL PUBLIC THROUGH THE ELKS NATIONAL MEMORIAL BUILDING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael T Luhr Member | OfficerTrustee | 1 | $0 |
Louis J Grillo Treasurer | OfficerTrustee | 1 | $0 |
Ronald L Hicks Chairman | OfficerTrustee | 1 | $0 |
Michael F Zellen Secretary | OfficerTrustee | 1 | $0 |
Malcolm J Mcpherson Jr Vice Chairman | OfficerTrustee | 1 | $0 |
Bryan Klatt Grand Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $737,119 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,907 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $741,026 |
| Total Program Service Revenue | $381,798 |
| Investment income | $347,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $749,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,219,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,271 |
| Fees for services: Other | $57,751 |
| Advertising and promotion | $0 |
| Office expenses | $40,967 |
| Information technology | $941 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,743 |
| Insurance | $92,447 |
| All other expenses | $98,489 |
| Total functional expenses | $1,136,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $505,039 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $168,844 |
| Accounts receivable, net | $0 |
| 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 | $16,412 |
| Net Land, buildings, and equipment | $26,192 |
| Investments—publicly traded securities | $5,889,672 |
| Investments—other securities | $4,167,444 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,215 |
| Total assets | $10,789,818 |
| Accounts payable and accrued expenses | $52,393 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $81,258 |
| Total liabilities | $133,651 |
| Net assets without donor restrictions | $10,656,167 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,789,818 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elks Veterans Memorial Restoration Trust has recieved totaling $527,805.
| Awarding Organization | Amount |
|---|---|
Elks National Foundation Inc Chicago, IL PURPOSE: BUILDING MAINTENANCE AND REPAIRS | $527,805 |
Endowment Analysis
| Beg. Balance | $7,234,246 |
| Earnings | $509,152 |
| Admin Expense | $19,882 |
| Net Contributions | $411,682 |
| Other Expense | $4,927 |
| Ending Balance | $8,130,271 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oeu-965 Health Benefit Plan Springfield, IL | $22,470,499 | $12,801,499 |
Indiana Comprehensive Health Insurance Assoc Indianapolis, IN | $0 | $0 |
Iowa Life And Health Insurance Guaranty Association Des Moines, IA | $11,629,327 | $10,389,227 |
Union Sponsored Health Benefits Tr Milwaukee, WI | $0 | $311 |
Iowa Prescription Drug Corporation Grimes, IA | $1,322,646 | $8,932,847 |
Truman Medical Center Professional And General Liability Self-Ins Tr Kansas City, MO | $25,601,158 | $4,849,990 |
Missouri Health Connection Columbia, MO | $3,938,153 | $4,470,811 |
Wisconsin Statewide Health Information Network Inc Madison, WI | $3,172,138 | $5,065,926 |
Hoffer Plastics Corporation Health Benefit Plan Trust South Elgin, IL | -$29,195 | $3,942,624 |
Outdoor Venture Corporation Health Benefit Trust Stearns, KY | $0 | $3,017,686 |
Deaconess Regional Healthcare Services Illinois Inc Evansville, IN | $3,115,277 | $3,229,843 |
Center For Practical Bioethics Inc Kansas City, MO | $8,129,360 | $1,498,373 |