Louisiana Scottish Rite Foundation Inc
- Assets
- $2.4m
- Revenue
- $225.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- 08/1959
- Data as of
- 06/2022
- EIN
- 72-6027272
Organization Overview
Louisiana Scottish Rite Foundation Inc is located in Shreveport, LA. The organization was established in 1959. According to its NTEE Classification (Y50) the organization is classified as: Cemeteries, 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. Louisiana 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 06/2022, Louisiana Scottish Rite Foundation Inc generated $225.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $156.4k during the year ending 06/2022. While expenses have increased by 1.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SPEECH THERAPY TO NEEDY CHILDREN IN THE STATE OF LOUSIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS 5 SPEECH AND HEARING CLINIC SITES LOCATED IN SHREVEPORT, BATON ROUGE, MONROE, LAFAYETTE AND HAMMOND THAT PROVIDE SPEECH THERAPY TO AS MANY AS 50 CHILDREN.
ANNUALLY PROVIDES RENEWABLE SCHOLARSHIPS TO STUDENTS WITH UNDERGRADUATE DEGREES WHO ARE PURSUING A MASTERS DEGREE IN SPEECH PATHOLOGY AND ATTENDING ONE OF SIX SPECIFIC STATE UNIVERSITIES. SPONSOR RENEWABLE SCHOLARSHIPS FOR ENGINEERING STUDENTS ATTENDING A LOUISIANA UNIVERSITY WITH AN ACCREDITED CIVIL ENGINEERING PROGRAM.
PROVIDE DISASTER RELIEF ASSISTANCE IN THE STATE OF LOUISIANA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Gribble Executive Dir. | Officer | 10 | $8,800 |
Jim Wingate Secretary | OfficerTrustee | 1 | $0 |
John Knox Treasurer | OfficerTrustee | 1 | $0 |
S Bruce Easterly President | OfficerTrustee | 1 | $0 |
William V King Vice President | OfficerTrustee | 1 | $0 |
E Louis Mcgee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,669 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,669 |
| Total Program Service Revenue | $0 |
| Investment income | $196,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $42,600 |
| 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 | $10,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,604 |
| Fees for services: Other | $16,241 |
| Advertising and promotion | $0 |
| Office expenses | $245 |
| 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 | $156,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,639 |
| 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 | $2,398,589 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,245 |
| Total assets | $2,445,473 |
| 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 | $1,497,710 |
| Net assets with donor restrictions | $947,763 |
| 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 | $2,445,473 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Louisiana Scottish Rite Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Scottish Rite Foundation Southern Jurisdiction Usa Inc Washington, DC PURPOSE: DISASTER RELIEF FROM HURRICANE LAURA | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Olivet Cemetery Association Fort Worth, TX | $198,668,509 | $14,562,842 |
Llano Cemetery Association Amarillo, TX | $16,655,418 | $4,306,793 |
Glenwood Cemetery Inc Houston, TX | $78,920,060 | $8,030,495 |
Oakwood Cemetery Association Waco, TX | $17,400,419 | $2,668,322 |
Lake Park Cemetery Laurel, MS | $9,659,734 | $802,748 |
Texas Funeral Directors Assoc Inc Austin, TX | $462,010 | $676,488 |
Rocky Mountain Memorial Parks Houston, TX | $5,225,060 | $530,771 |
Magnolia Cemetery Company Beaumont, TX | $1,589,261 | $618,211 |
Princeton Abbey And Cemetery Inc Houston, TX | -$588,162 | $59,183 |
Isgh Funeral Services Inc Houston, TX | $164,426 | $461,957 |
Angleton Cemetery Association Inc Angleton, TX | $1,047,653 | $687,354 |
Roselawn Memorial Park Association Little Rock, AR | $4,373,536 | $375,711 |