Supreme Council Benevolent Foundation
- Assets
- $125.7m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 12/1955
- Data as of
- 07/2021
- EIN
- 04-6116088
Organization Overview
Supreme Council Benevolent Foundation is located in Lexington, MA. The organization was established in 1955. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Supreme Council Benevolent Foundation 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 07/2021, Supreme Council Benevolent Foundation generated $11.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $8.0m during the year ending 07/2021. While expenses have increased by 4.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Supreme Council Benevolent Foundation has awarded 29 individual grants totaling $15,399,075. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING OF CHARITABLE OUTREACH PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO VARIOUS CHARITIES AND CHARITABLE OUTREACH SERVICES
CONTRIBUTIONS TO VARIOUS CHARITIES AND CHARITABLE OUTREACH SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cole Stephen D Assistant Dir. Of Finance (retired December 2020) | Officer | 32 | $284,712 |
Dill David P Former Dir. Of Information System (died Nov 2020) | 40 | $178,395 | |
Holland William Former Dir. Of Operations (retired Dec 2019) | 40 | $171,890 | |
Rand Jeffrey Information Technology (retired March 2021) | 40 | $140,351 | |
Dill Jr James O Director Of Support Servic | Officer | 36 | $140,278 |
Glattly David A President/ceo/sovereign Gr/admin Council | OfficerTrustee | 11.2 | $113,803 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uam Services Building Maintenance Contractor | 7/30/21 | $200,583 |
Emanouil Brothers Inc Landscape Contractor | 7/30/21 | $185,060 |
Uam Services Building Maintenance Contractor | 7/30/21 | $200,583 |
Emanouil Brothers Inc Landscape Contractor | 7/30/21 | $185,060 |
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 | $1,771,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,771,721 |
| Total Program Service Revenue | $0 |
| Investment income | $113,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,048 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,638,256 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,525,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,534,447 |
| Grants and other assistance to domestic individuals. | $640,974 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,568,536 |
| Compensation of current officers, directors, key employees. | $1,114,774 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,713,557 |
| Pension plan accruals and contributions | $261,537 |
| Other employee benefits | $217,550 |
| Payroll taxes | $227,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,430 |
| Fees for services: Accounting | $33,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $332,543 |
| Fees for services: Other | $8,855 |
| Advertising and promotion | $0 |
| Office expenses | $230,031 |
| Information technology | $42,028 |
| Royalties | $0 |
| Occupancy | $79,780 |
| Travel | $351,258 |
| 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 | $366,512 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,035,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,674,982 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $330,700 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,399,615 |
| Investments—publicly traded securities | $119,132,621 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,129 |
| Total assets | $125,656,047 |
| Accounts payable and accrued expenses | $9,762 |
| 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 | $1,362,864 |
| Total liabilities | $1,372,626 |
| Net assets without donor restrictions | $116,984,105 |
| Net assets with donor restrictions | $7,299,316 |
| 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 | $125,656,047 |
Grants Awarded
Over the last fiscal year, Supreme Council Benevolent Foundation has awarded $1,961,832 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, MA PURPOSE: THE PUBLICATION OF EDUCATIONAL NORTHERN LIGHT | $476,697 |
Lexington, MA PURPOSE: THE PUBLICATION OF EDUCATIONAL NORTHERN LIGHT | $476,697 |
32 SEPARATE ORGANIZATIONS PURPOSE: VARIOUS CHARITABLE GIVING | $254,219 |
32 SEPARATE ORGANIZATIONS PURPOSE: VARIOUS CHARITABLE GIVING | $254,219 |
Lexington, MA PURPOSE: LEARNING CENTER OPERATION EXPENSES | $250,000 |
Lexington, MA PURPOSE: LEARNING CENTER OPERATION EXPENSES | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Supreme Council Benevolent Foundation has recieved totaling $85,124.
| Awarding Organization | Amount |
|---|---|
Ancient Accepted Scottish Rite Of Free Masonry Nmj Nashua, NH PURPOSE: GENERAL USE | $50,000 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: PHILANTHROPY, VOLUNTARISM, AND GRANTMAKING | $26,415 |
David Toothaker Family Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $8,709 |
Endowment Analysis
| Beg. Balance | $102,585,961 |
| Earnings | $24,346,741 |
| Admin Expense | $7,547,725 |
| Net Contributions | $1,923,066 |
| Grants | $2,175,421 |
| Ending Balance | $119,132,622 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
Granite United Way Manchester, NH | $10,904,464 | $19,030,593 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |
United Way Of Long Island Deer Park, NY | $13,444,061 | $14,770,315 |
Wellington Management Foundation Boston, MA | $61,260,814 | $15,149,104 |
Keren Hayeshivot Trust Brooklyn, NY | $1,238,192 | $11,653,329 |
Ovarian Cancer Research Fund Inc New York, NY | $32,985,153 | $13,088,201 |
United Way Of Tri County Inc Framingham, MA | $6,314,872 | $10,584,211 |
United Way Of Greater New Haven Inc New Haven, CT | $7,094,504 | $11,335,998 |
United Way Inc Hartford, CT | $29,196,738 | $12,702,734 |
United Way Of Central New York Inc Syracuse, NY | $9,420,955 | $9,385,723 |