Scottish Rite Foundation Of Minneapolis
- Assets
- $627.4k
- Revenue
- $48.4k
- Investments
- $595.2k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/1957
- Data as of
- 06/2022
- EIN
- 41-6024265
Organization Overview
Scottish Rite Foundation Of Minneapolis is located in Minneapolis, MN. The organization was established in 1957. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scottish Rite Foundation Of Minneapolis 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 06/2022, Scottish Rite Foundation Of Minneapolis generated $48.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $11.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Scottish Rite Foundation Of Minneapolis has awarded 14 individual grants totaling $154,953. 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 Program Activity:
Part 3 - Line 4a
SUPPORT MASONIC ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory J Lane President | 0 | $0 | |
Mark R Hailer Vice-Preside | 0 | $0 | |
Kenneth P Hill Secretary | 0 | $0 | |
Michael C Powles Treasurer | 0 | $0 | |
Mark A Anderson Director | 0 | $0 | |
James O Burlingame Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $16,194 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,152 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $77 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $7,662 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $11,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,242 |
| 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 | $627,411 |
| 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 Foundation Of Minneapolis has awarded $4,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MINNESOTA DEMOLAY PURPOSE: GENERAL OPERATIONS | $2,000 |
MN JOB'S DAUGHTERS FOUNDATION PURPOSE: SCHOLARSHIPS | $2,000 |