2018-07-24T12:14:11-07:00 2018-03-31 363802885 FK Advisors 600 Academy Drive Suite 140 Northbrook IL 60062 990 2017-04-01 263718342 Elks National Foundation Inc ELKS 7737554728 2750 N Lakeview Avenue Chicago IL 60614 James OKelley III Director 2018-07-24 true Jerry Fitzpatrick P00094643 8477706700 2017 2022-09-23 18:48:47Z James OKelley III 173190298 false false X www.elks.org/enf X 1928 IL 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. 7 7 23 11300 0 7576046 7002055 0 23721470 38623865 177525 180004 31475041 45805924 22754567 24716409 0 1312769 1269715 0 800149 3156857 3469199 27224193 29455323 4250848 16350601 778124909 785467177 121741975 85920544 656382934 699546633 X 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. false false 9359791 9359791 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. Approximately 1,700 Elks Lodges participated in this grant program. 9273462 9273462 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. 3576845 3576845 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. 5122376 2506311 27332474 true true false false false false false false false true true true false false true false true false false false false false false false false false false true true true false false false false false false false false false false false false false false false false true false true false true 25 0 true 23 true false false false false false false false false 0 false false false false false false false false false false X 7 7 false false false false true true false true true false false true true true true true true true true false IL X X Johnetta Tyler 7737554884 425 W Diversey Parkway Chicago IL 606146196 X Charles F Williams Trustee/Past Ch 1.00 0.00 X 0 0 0 F Louis Sulsberger Chairman 1.00 0.00 X X 0 0 0 Louis J Grillo Vice Chairman 1.00 0.00 X X 0 0 0 James M McQuillan Secretary 1.00 0.00 X X 0 0 0 Frank O Garland Asst Secretary 1.00 0.00 X X 0 0 0 C Valentine Bates Asst Treasurer 1.00 0.00 X X 0 0 0 James W Damon Treasurer 1.00 0.00 X X 0 0 0 James OKelley III Director 40.00 0.00 X 125094 0 25959 125094 25959 1 false true false Bernzott Capital Advisors 888 W Ventura Blvd Suite B Camarillo CA 93010 Investment Advisor 442874 Columbia Management 227 W Monroe St Suite 3700 Chicago IL 60606 Investment Advisor 306131 JPMorgan Asset Management 270 Park Avenue 7th Fl New York NY 10017 Investment Advisor 679196 Chicago Equity Partners LLC 180 N LaSalle Street Suite 3800 Chicago IL 60601 Investment Advisor 155146 Sunny Day Entertainment Inc 2368 Achilles Drive Los Angeles CA 90046 Drug Prev Campaign 420000 5 250000 6752055 23180 7002055 0 15246191 15246191 0 109603 109603 0 150762048 127384374 23377674 23377674 23377674 0 0 0 Other Revenue 70401 70401 70401 45805924 38803869 21139564 21139564 3576845 3576845 0 0 0 0 1004613 400436 382622 221555 44159 18307 17372 8480 142348 59323 58955 24070 78595 31304 29531 17760 0 0 0 0 0 0 424665 386233 25862 12570 356703 343385 1465 11853 59806 3594 26951 29261 36792 1483 35309 0 134532 4200 130332 595218 561849 25424 7945 0 383434 306697 31434 45303 0 0 208 208 0 Overhead Allocation 405672 24313 364035 17324 Postage and Shipping 345825 113964 58518 173343 Printing and Publications 278747 137130 9730 131887 Awards and Recognition 200806 122332 78474 246791 101515 124952 20324 29455323 27332474 1322700 800149 684681 1062544 10825052 9634967 722135 266928 9775 8228 0 0 0 0 96953 172126 6227 208 6019 655412652 699162529 107623958 71193135 0 0 2749703 3960701 778124909 785467177 880036 826884 12271496 12994596 108590443 72099064 121741975 85920544 X 649535551 692913425 6561124 6346949 286259 286259 656382934 699546633 778124909 785467177 X 16350601 28265331 -2422057 915824 54000 X false true X false false X 8848795 13597829 6708503 7576046 7002055 43733228 0 0 8848795 13597829 6708503 7576046 7002055 43733228 0 43733228 14406684 14825802 12917839 15281530 15426195 72858050 0 0 116591278 0.37510 0.37600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 650451375 7015130 64178609 24716409 2692580 1322700 692913425 610887204 6971434 57407007 22851385 1553607 1325102 649535551 634984102 6708503 2851162 24563374 284381 1823013 617872999 584942294 6789777 40516095 19185392 966539 2343944 609752291 541087042 6523483 61189970 18811956 2965310 2080935 584942294 0.99000 0.01000 false false false 6227 208 6019 6019 71193135 Collateral under Securities Lending Prog 72099064 72099064 71703198 28265331 54000 28319331 43383867 2422057 2422057 45805924 29455323 29455323 29455323 Part V, Line 4: Intended uses of the endowment fund. The sole activity of the Foundation is the maintenance and operation of an endowment fund for the accumulation, administration, use, and disbursement of contributions, income, and appreciation in accordance with Section 501(c)(3) of the United States Internal Revenue Code, and related powers and purposes as set forth in the Foundations Articles of Incorporation. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Change in Value of Split-Interest $54000 true Elks Lodges c/o 2750 N Lakeview Ave Chicago IL 60614 9359791 0 Community Investment Programs Elks National Vet Serv Comm 2750 N Lakeview Ave Chicago IL 60614 131548228 2110452 0 Programs Support Elks State Associations c/o 2750 N Lakeview Ave Chicago IL 60614 9273462 0 Grants Elks Vet Mem Restoration Tr 425 W Diversey Parkway Chicago IL 60614 363718320 395859 0 General Support 49 1617 Scholarships 861 3576845 Grantmaker's Description of How Grants are Used Grants to the Elks National Veterans Service Commission and to the Elks Veterans Memorial Restoration Trust are based on their projected operating expenses. These organizations submit proposed budgets to the Foundation and the board of trustees approves an annual grant based on those budgets. These organizations provide the Foundation with their annual audited financial statements. Grants to the Elks State Associations are calculated using current and historical contribution rates of donors within the state. Each state association must submit a budget for its grant that is subject to review and approval by the Foundation before payment. At the conclusion of the grant year, the state association is required to furnish the Foundation an accounting and certification indicating how the grant funds were used. The Foundation compares the certification report with the budget and follows up with the association to resolve any significant discrepancies. In the event that a state association does not submit a certifiction report or fails to adhere to the grant guidelines, the Foundation withholds future grants. Grants to Elks Lodges are made for community related projects or activities. All lodge grants require written application and are subject to review and approval by the Foundation. Larger "Impact Grants" require a signed grant agreement from the lodge that spells out the term of the grant. For the duration of the grant, the lodge provides quartely progress reports detailing activites and how the funds are used. At the end of the grant period or project completion, the lodge provides a final report and is required to return any unused funds. On-site visits by the Foundation are also made to assess the use of the award. false false false false false false false false false false James OKelley III Director 124070 1024 6255 19704 151053 Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: 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. OTHER PROGRAM SERVICES 5: Other program expenses Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The Foundation's board of trustees is appointed by the Grand Exalted Ruler (GER) of the Benevolent and Protective Order of Elks of the United States of America (BPOE). The GER is elected by the membership of the BPOE. Form 990, Part VI, Line 11b: Form 990 Review Process Form 990 is reviewed by the Director. The trustees of the board receive a copy of the Form 990 and any questions or comments that arise are discussed with the Director. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Foundation maintains a written conflict of interest policy that is signed by each trustee upon joining the board. In addition, each trustee and the Foundation's officers are required to review the policy annually and sign a conflict of interest certification to acknowledge that the policy was reviewed. They are required to disclose all material facts of any actual or possible conflict of interest by themselves or their families to the Director and other trustees. The board of trustees, exclusive of the interested person, determines whether a conflict of interest exists and whether it is in the best interest of the Foundation to enter into the transaction or arrangement. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Benevolent and Protective Order of Elks of the United States of America (BPOE) maintains a compensation committee that reviews annual salaries based on performance, cost of living adjustments and market data. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Benevolent and Protective Order of Elks of the United States of America (BPOE) maintains a compensation committee that reviews annual salaries based on performance, cost of living adjustments and market data. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Requests for audited financial statements, tax returns, conflict of interest policy and governing documents are channeled through the Director and made available upon request. Other Changes In Net Assets Or Fund Balances - Other Increases Change in Value of Split-Interest = $54000 Benevolent and Protective Order of Elks 2750 N Lakeview Avenue Chicago IL 60614 360793011 Fraternal 501(c)(8) N/A false Elks Veterans Memorial Restoration Trust 425 W Diversey Parkway Chicago IL 60614 363718320 Public Building Maintenance 501(c)(3) 7 Benevolent and Protective Order of Elks false Elks National Veterans Service Commissio 2750 N Lakeview Avenue Chicago IL 60614 131548228 Service for veterans 501(c)(3) 7 Benevolent and Protective Order of Elks false false true false false false false false false false false true false false true true false false false false Benevolent and Protective Order of Elks n 295939 Book Value Elks Veterans Memorial Restoration Trust b 390997 Book Value Elks Veterans Memorial Restoration Trust k 130332 Book Value Elks National Veterans Service Commissio b 2110452 Book Value Elks National Veterans Service Commissio o 18974 Book Value