Ancient Accepted Scottish Rite Valley Of Cleveland Foundation

Organization Overview

Ancient Accepted Scottish Rite Valley Of Cleveland Foundation is located in Rocky River, OH. The organization was established in 2000. According to its NTEE Classification (S80) the organization is classified as: Community 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. Ancient Accepted Scottish Rite Valley Of Cleveland 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 12/2021, Ancient Accepted Scottish Rite Valley Of Cleveland Foundation generated $581.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.7% each year . All expenses for the organization totaled $153.8k during the year ending 12/2021. While expenses have increased by 20.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MAINTAIN AND MANAGE ENDOWMENT FUND FOR EDUCATIONAL SCHOLARSHIPS

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL SCHOLARSHIPS OF $95,120 WERE AWARDED TO A MEDICAL DEGREE STUDENTS. AWARDS WERE GIVEN TO MEDICAL STUDENTS WORKING TOWARDS A DEGREE FROM A COLLEGE OR UNIVERSITY


OTHER EXPENSES


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Board, Officers & Key Employees

Name (title)Compensation
Johnny Manis
Vice Chairman
$0
Thomas Lindsey
Treasurer
$0
Robert Thomas
Secretary
$0
Theodore Cutts
Chairman
$0
Aarne Lillo
Trustee
$0

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $435,263
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $146,228
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $581,491

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