Benevolent & Protective Order Of Elks Of The Usa
- Assets
- $6.4m
- Revenue
- $962.3k
- Investments
- $0.0
- Employees
- 28
- Location
- Aspen, CO
- Founding
- 10/1951
- Data as of
- 03/2022
- EIN
- 84-0146948
Organization Overview
Benevolent & Protective Order Of Elks Of The Usa is located in Aspen, CO. The organization was established in 1951. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 03/2022, Benevolent & Protective Order Of Elks Of The USA employed 28 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Benevolent & Protective Order Of Elks Of The USA is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 03/2022, Benevolent & Protective Order Of Elks Of The USA generated $962.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $931.6k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Benevolent & Protective Order Of Elks Of The USA has awarded 170 individual grants totaling $860,487. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHARITABLE ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS AND HOST COMMUNITY EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEMBERS WITH A PLACE TO MEET; PROVIDE COMMUNITY SERVICES, PROVIDES GRANTS AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Bromka Lodge Manager | Officer | 40 | $80,205 |
Michael Faas Secretary | Officer | 40 | $25,000 |
Teraissa Mcgovern Treasurer | Officer | 40 | $6,000 |
Bryan Larsen Leading Knight | OfficerTrustee | 2 | $0 |
Deb Stein Lecturing Knight | OfficerTrustee | 2 | $0 |
Diane Spicer Exalted Ruler | OfficerTrustee | 3.5 | $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 | $1,687 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,687 |
| Total Program Service Revenue | $75,863 |
| Investment income | $246,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $810,945 |
| Net Gain/Loss on Asset Sales | $6,843 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$179,789 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $962,301 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $155,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $48,242 |
| Compensation of current officers, directors, key employees. | $114,635 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $292 |
| Payroll taxes | $24,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $433 |
| Fees for services: Accounting | $19,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,898 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $197,713 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,622 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,628 |
| Insurance | $855 |
| All other expenses | $0 |
| Total functional expenses | $931,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,752 |
| Savings and temporary cash investments | $75,601 |
| Pledges and grants receivable | $0 |
| 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 | $28,947 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,005,277 |
| Investments—publicly traded securities | $4,321,468 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $954 |
| Total assets | $6,435,999 |
| Accounts payable and accrued expenses | $114,658 |
| Grants payable | $26,200 |
| Deferred revenue | $47,255 |
| 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 | $134,738 |
| Total liabilities | $322,851 |
| Net assets without donor restrictions | $6,113,148 |
| 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 | $6,435,999 |
Grants Awarded
Over the last fiscal year, Benevolent & Protective Order Of Elks Of The Usa has awarded $155,000 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF COLORADO PURPOSE: SCHOLARSHIPS | $17,750 |
UNIVERSITY OF COLORADO PURPOSE: SCHOLARSHIPS | $17,750 |
COLORADO MESA UNIVERTISY PURPOSE: SCHOLARSHIPS | $6,500 |
COLORADO MESA UNIVERTISY PURPOSE: SCHOLARSHIPS | $6,500 |
COLORADO STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $6,000 |
COLORADO STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Order Of Odd Fellows Canon City, CO | $10,297,115 | $3,015,014 |
Fraternal Order Of Police Westminster, CO | $1,929,955 | $1,224,680 |
Benevolent & Protective Order Of Elks Of The Usa Aspen, CO | $6,435,999 | $962,301 |
Fraternal Order Of Police Oklahoma City, OK | $2,736,153 | $1,324,562 |
Independent Order Of Odd Fellows Canon City, CO | $2,581,249 | $796,838 |
Fraternal Order Of Police Westminster, CO | $77,730 | $758,591 |
Fraternal Order Of Police Tulsa, OK | $1,449,837 | $833,611 |
Fraternal Order Of Police Wichita, KS | $890,944 | $570,813 |
Fraternal Order Of Police Aurora, CO | $165,519 | $531,025 |
Fraternal Order Of Eagles Lake Havasu City, AZ | $1,790,665 | $499,016 |
Fraternal Order Of Police Phoenix, AZ | $1,152,315 | $623,750 |
Ancient Free & Accepted Masons Of Colorado Grand Lodge Colorado Springs, CO | $2,293,408 | $532,121 |