Overview
What is Colorado Elks Association Charities Inc?
Colorado Elks Association Charities Inc, located at 825 Lowrey Lane, Berthoud, CO 80513, is a nonprofit organization dedicated to distributing funds for charitable and educational purposes. The organization receives contributions from various sources, including the Clem & Evelyn Audin Fund, The Dr. Nuckoll's Scholarship Fund, the Elks National Foundation of the B.P.O.Elks, and donations from its members. The primary mission of Colorado Elks Association Charities Inc is to allocate these funds towards worthy causes, contributing to the betterment of their community.
Official website here: www.coloradoelksassociation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
The Colorado Elks Association Charities Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. Although the organization boasts a fully independent board, scoring full marks for independence, it lacks adequate financial transparency, as evidenced by missing financial statements and critical policies such as whistleblower and document retention.
Strengths of the organization include a high program expense ratio of 96.90%, which suggests that the majority of its funds are directed towards its charitable programs rather than administrative costs. Additionally, the charity has demonstrated good governance practices by having all independent board members and maintaining minutes for board meetings.
However, the absence of essential financial documentation and policies raises red flags about the organization's overall management and transparency. The liabilities to assets ratio of 75.50% further complicates its financial health, indicating potential risks. Improvement in these areas will be crucial for enhancing its accountability and gaining trust from potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Elks Association Charities Inc legitimate?
Colorado Elks Association Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Elks Association Charities 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:
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For more financial information, click here
Official website here: www.coloradoelksassociation.org
What is the mission statement of Colorado Elks Association Charities Inc?
Colorado Elks Association Charities Inc's mission is centered around dispensing funds that have been generously donated from various sources, including the Clem & Evelyn Audin Fund, The Dr. Nuckoll's Scholarship Fund, the Elks National Foundation of the B.P.O.Elks, and contributions from its members. This organization's primary objective is to allocate these funds towards charitable and educational initiatives. The funds collected through their Major Project, The Laradon Hall Society, amounted to $91,161. This nonprofit entity aims to make a positive impact in these areas, utilizing the resources at its disposal.
Official website here: www.coloradoelksassociation.org
Who is the CEO of Colorado Elks Association Charities Inc?
Cynthia Wyszynski is the President of Colorado Elks Association Charities Inc.
Official website here: www.coloradoelksassociation.org
What is the revenue of Colorado Elks Association Charities Inc?
Colorado Elks Association Charities Inc's revenue in 2023 was $572,358.
Official website here: www.coloradoelksassociation.org
Who are the executives of Colorado Elks Association Charities Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.coloradoelksassociation.org
Where can I find the form 990 for Colorado Elks Association Charities Inc?
Colorado Elks Association Charities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.coloradoelksassociation.org
Learn more at the official website: www.coloradoelksassociation.org
Mission Statement of Colorado Elks Association Charities Inc
Colorado Elks Association Charities Inc, as per its mission statement, is dedicated to distributing funds received from various sources such as the Clem & Evelyn Audin Fund, The Dr. Nuckoll's Scholarship Fund, the Elks National Foundation of the B.P.O.Elks, and member donations. The primary focus of these distributions is towards charitable and educational causes. This nonprofit organization uses the funds it receives to contribute to worthy causes, demonstrating its commitment to making a positive impact in the community. The specific projects or initiatives it supports are not detailed in the information provided, but it's clear that Colorado Elks Association Charities Inc prioritizes the use of its resources for charitable and educational purposes.
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Impact
July, 2024
Colorado Elks Association Charities Inc has made a significant impact through dispensing funds received from various sources for charity and education. One of the major projects it supports is The Laradon Hall Society, to which it has donated $91,161. This contribution helps improve the lives of individuals in need, particularly in the area of food assistance.
This information is meant to be a general summary of Colorado Elks Association Charities 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 2023.
- Investment Income: $53,575
- Gross Receipts: $572,358
Assets and Liabilities:
- Total Assets: $1,387,723
- Total Liabilities: $1,047,823
- Net Assets: $339,900
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Organization Details
Founding Year
1993
Phone
(303) 468-3490Principal Officer
Cynthia Wyszynski
Main Address
825 Lowrey Lane, Berthoud, CO, 80513
NTEE Category
Code: K26Z - Food
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