Overview
What is Elks National Foundation Inc?
The Elks National Foundation Inc, based in Chicago, Illinois, is a nonprofit organization dedicated to assisting the Benevolent and Protective Order of Elks of the United States of America (BPOE) in strengthening communities. They achieve this by granting academic scholarships up to $15,000 per year to approximately 3,000 individuals for undergraduate or graduate education. Additionally, they fund programs that foster character and confidence in youth, support veterans, and provide resources to Elks Lodges and State Associations to help them accomplish their charitable objectives. The Foundation has a workforce of 29 employees.
Official website here: www.elks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Elks National Foundation Inc has achieved a commendable 96% rating from Charity Navigator, reflecting its high standards in accountability and finance. This rating is based solely on its accountability and finance score, which highlights the organization's commitment to transparency and responsible financial management. The foundation has successfully maintained an independent board, with all members free from conflicts of interest, ensuring unbiased governance.
The financial health of the Elks National Foundation is strong, as indicated by its impressive program expense ratio of 93.11%. This suggests that the majority of its funding is directed towards its programs, which is a positive sign for potential donors looking for effective use of their contributions. The organization's fiscal practices, including regular audits and clear reporting of board meeting minutes, further bolster its credibility.
While the foundation demonstrates robust financial practices and governance, it is essential for potential donors to consider the specific impact of its programs. No significant limitations in governance or financial management are noted; however, continued attention to program effectiveness will enhance its reputation and mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
Is Elks National Foundation Inc legitimate?
Elks National Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elks National Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,385,364
For more financial information, click here
Official website here: www.elks.org
What is the mission statement of Elks National Foundation Inc?
The Elks National Foundation aims to strengthen communities by supporting the Benevolent and Protective Order of Elks of the United States of America. They achieve this mission by providing college scholarships, funding programs that foster the character and self-confidence of youth, serving and honoring veterans, and equipping Elks lodges and state associations with essential resources to accomplish their charitable objectives.
Official website here: www.elks.org
What is the revenue of Elks National Foundation Inc?
Elks National Foundation Inc's revenue in 2024 was $37,385,570.
Official website here: www.elks.org
Who are the executives of Elks National Foundation Inc and what are their salaries?
The average compensation at Elks National Foundation Inc during 2024 was $49,477. There are 28 employees and 8500 volunteers at Elks National Foundation Inc.
Here are 9 key members and their salaries:
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- Compensation: $146,102
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- Other: $22,131
- Compensation: $101,820
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- Other: $14,743
Official website here: www.elks.org
Where can I find the form 990 for Elks National Foundation Inc?
Elks National Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.elks.org
Learn more at the official website: www.elks.org
Mission Statement of Elks National Foundation Inc
The Elks National Foundation, a key supporter of the Benevolent and Protective Order of Elks (BPOE) in the United States, works diligently to strengthen communities by providing various services and resources. This foundation's mission is multifaceted: it offers college scholarships to deserving students, funds character-building programs for youth, serves and honors veterans, and assists Elks Lodges and State Associations in their charitable endeavors. By supporting these initiatives, the Elks National Foundation plays an essential role in fostering robust, vibrant communities across the nation.
The foundation's commitment to education is evident through its college scholarship program. Elks National Foundation empowers young minds by providing opportunities for higher learning, enabling them to reach their full potential and contribute positively to their communities. This support extends beyond scholarships as the foundation also funds programs that focus on nurturing the character and confidence of youth. These initiatives help shape the next generation, fostering a sense of responsibility, compassion, and community involvement.
Another essential aspect of the Elks National Foundation's mission is its dedication to serving and honoring veterans. The foundation recognizes the sacrifices made by our nation's heroes and strives to express its gratitude through various support programs. Additionally, the foundation is committed to providing Elks Lodges and State Associations with the resources they need to accomplish their charitable objectives. By doing so, it amplifies the impact of their efforts and enables them to make a difference in the lives of many. In summary, the Elks National Foundation's mission is to empower communities by offering scholarships, character-building programs, veteran support, and essential resources for Elks Lodges and State Associations.
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Impact
October, 2024
Elks National Foundation Inc. significantly strengthens communities by fostering educational opportunities, supporting youth development, honoring veterans, and equipping local Elks Lodges with vital resources. The foundation provides substantial college scholarships, offering up to $15,000 per year to approximately 3,000 students pursuing undergraduate or graduate education. This educational support not only alleviates financial burdens but also empowers individuals to achieve their academic goals.
In addition to scholarships, the foundation funds programs aimed at building the character and confidence of youth. These initiatives foster personal growth and community involvement, ultimately contributing to a brighter future for young individuals.
Moreover, the foundation plays a crucial role in serving and honoring veterans. By recognizing their sacrifices and providing necessary support, it strengthens the fabric of the community and ensures that those who have served are not forgotten.
Through these various efforts, the Elks National Foundation Inc. carries out its mission to cultivate stronger, more resilient communities throughout the United States.
This information is meant to be a general summary of Elks National Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $18,262,778
- Gross Receipts: $374,132,930
Assets and Liabilities:
- Total Assets: $876,926,878
- Total Liabilities: $94,692,774
- Net Assets: $782,234,104
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Organization Details
Founding Year
1928
Principal Officer
James O'Kelley Iii
Website
www.elks.orgNTEE Category
Code: T31 - Philanthropy
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