Scottish Rite Of Indianapolis Foundation Inc
- Assets
- $0.0
- Revenue
- $534.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 04/1976
- Data as of
- 04/2022
- EIN
- 31-0883859
Organization Overview
Scottish Rite Of Indianapolis Foundation Inc is located in Indianapolis, IN. The organization was established in 1976. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scottish Rite Of Indianapolis Foundation Inc 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 04/2022, Scottish Rite Of Indianapolis Foundation Inc generated $534.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $7.3m during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Scottish Rite Of Indianapolis Foundation Inc has awarded 56 individual grants totaling $12,475,224. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDS FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES BY FUNDING APPROPRIATE PROGRAMS SERVING THOSE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CHARITABLE CONTRIBUTIONS TO QUALIFYING COMMUNITY AND RELATED ORGANIZATIONS TO FURTHER THEIR CHARITABLE MISSIONS. PRIMARY BENEFICIARIES INCLUDE INDIANA UNIVERSITY MEDICAL FOUNDATION AND INDIANAPOLIS SCOTTISH RITE CATHEDRAL FOUNDATION.
PROVIDE FUNDS FOR MANAGEMENT AND OPERATION OF A LEARNING CENTER TO TUTOR DYSLEXIC CHILDREN.
PROVIDE COLLEGE SCHOLARSHIPS FOR MEMBERS AND THEIR FAMILIES ATTENDING QUALIFYING INSTITUTIONS. 14 SCHOLARSHIPS WERE GIVEN IN FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Brinley Chairman | 1 | $0 | |
David A Clayton Vice President | 1 | $0 | |
Robert G Spears Secretary | 1 | $0 | |
William J Ludlow Board Member | 1 | $0 | |
Don R Reynolds Treasurer | 1 | $0 | |
Rodney A Mann President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $134,538 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $398,490 |
| Capital Gain Net Income | $398,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $534,028 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $74,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $12,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $164,781 |
| Contributions, gifts, grants paid | $7,181,292 |
| Total expenses and disbursements | $7,346,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Scottish Rite Of Indianapolis Foundation Inc has awarded $7,181,292 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: CREATING MERGER OF TWO ORGANIZATIONS | $6,962,522 |
INDIANA UNIVERSITY PURPOSE: ENDOCRINOLOGY SUPPORT | $100,000 |
INDIANAPOLIS CHILDREN'S DYSLEXIA CENTERS INC PURPOSE: OPERATIONAL SUPPORT | $69,770 |
MASONIC HERITAGE FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $20,000 |
GRANT-HAMILL FOUNDATION INC PURPOSE: OPERATIONAL SUPPORT | $4,000 |
INDIANA JOB'S DAUGHTERS PURPOSE: OPERATIONAL SUPPORT | $4,000 |
Endowment Analysis
| Beg. Balance | $2,900,401 |
| Earnings | $845,877 |
| Admin Expense | $6,329 |
| Grants | $149,000 |
| Ending Balance | $3,590,949 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scottish Rite Of Indianapolis Foundation Inc Indianapolis, IN | $0 | $534,028 |
Honorable Order Of Kentucky Colonels Inc Louisville, KY | $20,472,188 | $3,774,310 |
Wisconsin Lions Foundation Inc Rosholt, WI | $5,796,659 | $2,674,494 |
Grand Lodge Free And Accepted Masons Of Wisconsin Dousman, WI | $20,615,533 | $1,512,564 |
Free & Accepted Masons Of Wisconsin Dousman, WI | $19,517,014 | $1,769,525 |
Benevolent & Protective Order Of Elks Of The Usa Milwaukee, WI | $891,249 | $448,416 |
Independent Order Of Odd Fellows Fenton, MO | $6,548,958 | $593,158 |
Benevolent & Protective Order Of Elks Of The Usa Mount Carmel, IL | $517,780 | $164,574 |
Kiwanis Indiana Foundation Inc Indianapolis, IN | $864,376 | $316,271 |
Illinois Eastern Ia Dist Of Kiwanis Intl Spastic Paralysis Res Fdtn Bloomington, IL | $1,766,866 | $314,773 |
Benevolent & Protective Order Of Elks Of The Usa Chillicothe, MO | $311,809 | $198,185 |
Benevolent & Protective Order Of Elks Of The Usa Beardstown, IL | $740,495 | $256,556 |