Covington Scottish Rite Foundation Inc
- Assets
- $1.3m
- Revenue
- $89.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Covington, KY
- Founding
- 12/1990
- Data as of
- 12/2021
- EIN
- 61-1173423
Organization Overview
Covington Scottish Rite Foundation Inc is located in Covington, KY. The organization was established in 1990. 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. Covington 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 12/2021, Covington Scottish Rite Foundation Inc generated $89.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $61.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Covington Scottish Rite Foundation Inc has awarded 22 individual grants totaling $375,569. 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
ASSISTANCE FOR DISADVANTAGED CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMMUNITY SERVICES OF NORTHERN KENTUCKY
COMMUNITY SERVICES OF NORTHERN KENTUCKY - PROVIDING ASSISTANCE TO DISADVANTAGED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Allnut Vice Preside | Officer | $0 | |
David Knock President | Officer | $0 | |
Kevin Sell Officer | Officer | $0 | |
Charles Korzenborn Officer | Trustee | $0 | |
Josh Quinn Secretary | Trustee | $0 | |
Jeff Bryant Officer | 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 | $3,262 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,262 |
| Total Program Service Revenue | $0 |
| Investment income | $28,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,989 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $45,220 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,294 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15 |
| 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 | $0 |
| Total functional expenses | $61,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,323 |
| Savings and temporary cash investments | $0 |
| 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 | $1,228,885 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,283,208 |
| 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 | $0 |
| 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 | $1,283,208 |
| Total liabilities and net assets/fund balances | $1,283,208 |
Grants Awarded
Over the last fiscal year, Covington Scottish Rite Foundation Inc has awarded $61,294 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SPEECH-LANGUAGE THERAPY SVCS PURPOSE: CHILDRENS SPEACH | $30,939 |
BREAKING THE CODE LEANING CENTER PURPOSE: CHILDRENS DYSLEXIA | $14,000 |
Ashland, KY PURPOSE: CHILDREN MEDICAL | $8,545 |
Lexington, KY PURPOSE: CHILDREN MEDICAL | $7,810 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
School Smart Kc Inc Kansas City, MO | $7,202,506 | $7,640,451 |
Kappa Kappa Gamma Foundation Dublin, OH | $48,213,422 | $9,077,849 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |
Miller School Of Albermarle Charlottesville, VA | $35,553,057 | $8,965,798 |
United States Public Policy Council Mc Lean, VA | $515,116 | $8,099,974 |
Illinois Cpa Society Chicago, IL | $13,009,574 | $9,942,006 |
Bowling Green Warren County Primary Care Center Inc Bowling Green, KY | $15,935,520 | $7,530,325 |
Horizon Science Academy Of Lorain Lorain, OH | $7,416,204 | $11,463,711 |
Memphis Rise Academy Inc Memphis, TN | $16,603,150 | $9,374,095 |
Chicago Bar Foundation Chicago, IL | $2,729,689 | $8,402,012 |
City Garden Montessori School St Louis, MO | $12,889,488 | $6,696,246 |