Norfolk Scottish Rite Foundation Inc
- Assets
- $826.4k
- Revenue
- $97.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chesapeake, VA
- Founding
- 09/1976
- Data as of
- 05/2022
- EIN
- 51-0198084
Organization Overview
Norfolk Scottish Rite Foundation Inc is located in Chesapeake, VA. The organization was established in 1976. 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. Norfolk Scottish Rite 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 05/2022, Norfolk Scottish Rite Foundation Inc generated $97.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $17.5k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR VARIOUS SCOTTISH RITE HEALTH AND WELFARE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONTRIBUTES TO THE TIDEWATER SCOTTISH RITE FOUNDATION, WHICH IN TURN, DONATES FUNDS AND SERVICES TO THE CHILDHOOD LANGUAGE PROGRAM AT OLD DOMINION UNIVERSITY.
TO ASSIST OTHER AFFILIATED ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Jay Taylor Sr President | OfficerTrustee | $0 | |
Ralph Clark Treasurer | OfficerTrustee | $0 | |
Phil Williams Trustee | Trustee | $0 | |
Robert Kaylor Trustee | 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 | $40 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40 |
| Total Program Service Revenue | $0 |
| Investment income | $91,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,763 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,388 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $25 |
| Total functional expenses | $17,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,324 |
| 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 | $791,121 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $826,445 |
| 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 | $553,120 |
| Net assets with donor restrictions | $273,325 |
| 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 | $826,445 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Norfolk Scottish Rite Foundation Inc has recieved totaling $31.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Washington, DC | $28,646,656 | $6,184,451 |
Federal Law Enforcement Officers Association Inc Bethesda, MD | $2,620,306 | $4,544,174 |
North Carolina Masonic Foundation Inc Raleigh, NC | $28,610,068 | $2,708,508 |
Order Of Ahepa Washington, DC | $17,204,115 | $3,013,669 |
United Supreme Council 33rd Degree Aasr Memphis, TN | $5,191,925 | $1,749,263 |
Grand Lodge A F & A M Of Va Richmond, VA | $19,833,089 | $5,647,711 |
Fraternal Order Of Police Lothian, MD | $4,145,097 | $1,811,019 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Washington, DC | $4,897,662 | $1,070,077 |
Order Of The Eastern Star General Grand Chapter Washington, DC | $8,438,724 | $1,456,000 |
Improved Order Of Red Men Of Maryland 84 Conococheague Williamsport, MD | $3,068,173 | $1,215,810 |
Ancient Free & Accepted Masons Of West Virginia Most Worshipful Charleston, WV | $23,029,695 | $427,566 |
Ancient & Accepted Scottish Rite Of Free Masonry Southern Jurisdiction Louisville, KY | $40,414,977 | $1,252,693 |