Texas Elks Endowment Inc
- Assets
- $10.7m
- Revenue
- $279.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Gonzales, TX
- Founding
- 09/1990
- Data as of
- 05/2022
- EIN
- 74-1175832
Organization Overview
Texas Elks Endowment Inc is located in Gonzales, TX. The organization was established in 1990. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Elks Endowment 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 05/2022, Texas Elks Endowment Inc generated $279.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $371.7k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. 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 ORGANIZATION'S PURPOSE IS TO PROVIDE FINANCIAL SUPPORT TO TEXAS ELKS CHILDREN'S SERVICES, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT AND BENEFIT TEXAS ELKS CHILDREN'S SERVICES, INC, A 501(C)(3) ORGANIZATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Theriault Vice Chairma | OfficerTrustee | 1 | $0 |
Juan Cortez Chairman | OfficerTrustee | 1 | $0 |
Renea Oswalt Secretary/tr | OfficerTrustee | 1 | $0 |
Loretta Shirley Executive Di | Officer | 1 | $0 |
Jimmy Yates Director | Trustee | 1 | $0 |
John Atwood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,460 |
| Total Program Service Revenue | $0 |
| Investment income | $255,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,126 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,961 |
| 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 | $124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,045 |
| Advertising and promotion | $0 |
| Office expenses | $8,878 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,905 |
| All other expenses | $0 |
| Total functional expenses | $371,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,055 |
| Savings and temporary cash investments | $3,073 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $350 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,000 |
| Investments—publicly traded securities | $10,672,486 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,356 |
| Total assets | $10,711,320 |
| Accounts payable and accrued expenses | $6,601 |
| 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 | $0 |
| Total liabilities | $6,601 |
| Net assets without donor restrictions | $10,257,666 |
| Net assets with donor restrictions | $447,053 |
| 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 | $10,711,320 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Elks Endowment Inc has recieved totaling $18,135.
| Awarding Organization | Amount |
|---|---|
Elks National Veterans Service Commission Chicago, IL PURPOSE: VOLUNTARY SERVICE PROGRAM | $18,135 |
Endowment Analysis
| Beg. Balance | $11,317,828 |
| Earnings | -$613,986 |
| Ending Balance | $10,703,842 |
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|---|---|---|
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Hermann Sons Life San Antonio, TX | $261,680,338 | $23,747,654 |
Catholic Union Of Texas The Kjt La Grange, TX | $104,398,388 | $13,305,879 |
Kjzt Family Life Austin, TX | $164,643,389 | $13,170,314 |
Scottish Rite Educational Association Of Texas Austin, TX | $15,247,612 | $5,200,101 |
Sivalls Inc And Control Equipment Inc Medical Plan Trust Odessa, TX | $465,939 | $3,039,609 |
San Antonio Police Officers Association Inc San Antonio, TX | $3,073,452 | $2,645,265 |
Knights Of Peter Claver New Orleans, LA | $3,522,649 | $1,821,465 |
Order Of The Alamo San Antonio, TX | $410,612 | $959,299 |
The Scottish Rite Learning Center Of West Texas Lubbock, TX | $7,376,055 | $134,513 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Houston, TX | $13,839,072 | $459,966 |
Cornerstone Lodge Inc Hurst, TX | $324,716 | $876,369 |