Iowa Scottish Rite Masonic Foundation
- Assets
- $6.3m
- Revenue
- $862.7k
- Investments
- $9.6k
- Employees
- 1
- Location
- Des Moines, IA
- Founding
- 05/1962
- Data as of
- 12/2021
- EIN
- 42-6060659
Organization Overview
Iowa Scottish Rite Masonic Foundation is located in Des Moines, IA. The organization was established in 1962. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Scottish Rite Masonic 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, Iowa Scottish Rite Masonic Foundation generated $862.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $373.0k during the year ending 12/2021. While expenses have increased by 0.8% 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.
Since 2017, Iowa Scottish Rite Masonic Foundation has awarded 26 individual grants totaling $788,635. 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
MAINTAIN FUNDS FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RITE CARE AND OTHER LOCAL CHARITABLE EFFORTS - RITE CARE IS A PROGRAM TO ASSIST CHILDREN WHO DEMONSTRATE DEFICIENCIES IN A VARIETY OF COMMUNICATION SKILLS, INCLUDING LANGUAGE COMPREHENSION, LANGUAGE EXPRESSION, PHONOLOGICAL AWARENESS AND PRELITERACY SKILLS. THE FOUNDATION HAS PROGRAMS ASSOCIATED WITH THE UNIVERSITY OF NORTHERN IOWA AND ST. AMBROSE UNIVERSITY. IN ADDITION TO THE PROGRAMS THAT SPECIFICALLY BENEFIT CHILDREN, THE ORGANIZATION ALSO FUNDS SCHOLARSHIPS FOR STUDENTS STUDYING TO BECOME SPEECH AND LANGUAGE CLINICIANS. DURING 2021, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 5 STUDENTS, GRANTS TO 2 EDUCATIONAL INSTITUTIONS, AND GRANTS TO 35 CHARITABLE ORGANIZATIONS.
THE IOWA SCOTTISH RITE MASONIC FOUNDATION SUPPORTS A VARIETY OF PROGRAMS TO COMBAT THE DEBILITATING DISEASE OF ALZHEIMER'S. THE FOUNDATION FUNDS PROGRAMS IN CONJUCTION WITH THE ALZHEIMER'S ASSOCIATION AND OTHER LOCAL PROGRAMS TO ASSIST BOTH PATIENTS AND CAREGIVERS. DURING 2021, THE FOUNDATION PROVIDED GRANTS TO 3 ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Harshbarger Secretary /director Develo | OfficerTrustee | 20 | $32,000 |
Brian Pappaducas Treasurer | OfficerTrustee | 1 | $0 |
H Chris Eichmeier Vice President | OfficerTrustee | 1 | $0 |
William C Jacobson Vice President | OfficerTrustee | 1 | $0 |
John H Ghrist Vice President | OfficerTrustee | 1 | $0 |
Steven G Jacobs President | OfficerTrustee | 1 | $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 | $338,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $338,074 |
| Total Program Service Revenue | $0 |
| Investment income | $174,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $349,852 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $862,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $209,584 |
| Grants and other assistance to domestic individuals. | $25,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $32,000 |
| Compensation of current officers, directors, key employees. | $4,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,918 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,432 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,218 |
| All other expenses | $1,500 |
| Total functional expenses | $372,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $441,071 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $5,879,334 |
| Investments—other securities | $9,587 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,329,992 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $6,329,992 |
| Net assets with donor restrictions | $0 |
| 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 | $6,329,992 |
Grants Awarded
Over the last fiscal year, Iowa Scottish Rite Masonic Foundation has awarded $149,584 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Davenport, IA PURPOSE: SPEECH / LANGUAGE DISORDER | $37,500 |
Chicago, IL PURPOSE: ALZEHEIMER PROGRAMS | $37,084 |
UNIVERSITY OF NORTHERN IOWA PURPOSE: SPEECH / LANGUAGE DISORDER | $32,500 |
Johnston, IA PURPOSE: SPEECH / LANGUAGE DISORDER | $32,500 |
Washington, DC PURPOSE: PRESERVATION RITE TEMPLE FUNDS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa Scottish Rite Masonic Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Tomson Fam Foundation Tr Mason City, IA PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Transitions Chartered School Minneapolis, MN | $28,235,035 | $63,864,968 |
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
College Possible Saint Paul, MN | $23,283,310 | $31,201,183 |
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Midwest Dairy Association Saint Paul, MN | $7,228,337 | $23,101,295 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Community Action Partnership Of Mid-Nebraska Kearney, NE | $10,567,482 | $13,526,656 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
School Smart Kc Inc Kansas City, MO | $7,202,506 | $7,640,451 |