Mcalester Scottish Rite Charitable And Educational Foundation
- Assets
- $10.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Mcalester, OK
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 73-6102862
Organization Overview
Mcalester Scottish Rite Charitable And Educational Foundation is located in Mcalester, OK. The organization was established in 2015. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Mcalester Scottish Rite Charitable And Educational 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, Mcalester Scottish Rite Charitable And Educational Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $330.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND CHARITABLE PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR UNDERGRADS, FINANCIAL AID, AND SPECIFIC ASSISTANCE FOR SPECIAL NEEDS STUDENTS
CHILDHOOD LANGUAGE CLINIC- HELPS CHILDREN BY PROVIDING DIAGNOSTIC EVALUATION AND TREATMENT FOR SPEECH AND LANGUAGE DISORDERS AS WELL AS LEARNING DISABILITIES.
TEMPLE RESTORATION- REPAIR, MAINTAIN AND PRESERVE THE HISTORIC TEMPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Bruce Hall President/treasurer | OfficerTrustee | 2 | $0 |
Michael A Ebert General Secretary | OfficerTrustee | 20 | $0 |
G Dave Donathan III Vice President | OfficerTrustee | 2 | $0 |
Jack B Inman Trustee | Trustee | 1 | $0 |
N Wade Massey Trustee | Trustee | 1 | $0 |
Michael Sexton Trustee | Trustee | 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 | $88,561 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,561 |
| Total Program Service Revenue | $0 |
| Investment income | $225,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,609 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,085,065 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,403,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $43,000 |
| 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 | $27,378 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,645 |
| 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 | $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 | $535 |
| Insurance | $56,971 |
| All other expenses | $1,244 |
| Total functional expenses | $330,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,361 |
| Savings and temporary cash investments | $804,903 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,347 |
| 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 | $9,805,740 |
| Investments—other securities | $0 |
| Investments—program-related | $56,103 |
| Intangible assets | $0 |
| Other assets | $13,328 |
| Total assets | $10,732,782 |
| 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 | $9,059,299 |
| Net assets with donor restrictions | $1,673,483 |
| 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 | $10,732,782 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mcalester Scottish Rite Charitable And Educational Foundation has recieved totaling $15,015.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Endowment Analysis
| Beg. Balance | $4,221,210 |
| Earnings | $97,762 |
| Net Contributions | $46,347 |
| Other Expense | $50,979 |
| Grants | $43,000 |
| Ending Balance | $4,271,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Texas Higher Education Authority Inc Arlington, TX | $1,018,646,765 | $26,983,231 |
Wichita State University Union Corporation Wichita, KS | $66,256,585 | $7,746,191 |
Jobs For Americas Graduates - Kansas Inc Topeka, KS | $3,944,623 | $6,226,988 |
Restore Education San Antonio, TX | $2,530,386 | $5,936,619 |
College Houses Austin, TX | $15,789,327 | $3,775,047 |
I Have A Dream Foundation Of Boulder County Boulder, CO | $14,057,677 | $4,578,837 |
Early Childhood Partnership Of Adams County Thornton, CO | $800,069 | $3,597,107 |
Memorial Union Corporation Of The Emporia State University Emporia, KS | $3,333,170 | $2,619,358 |
Books Between Kids Inc Houston, TX | $1,448,531 | $2,188,217 |
Communities In Schools Of New Mexico Santa Fe, NM | $908,559 | $2,316,828 |
The Arkansas Tech University Facilities Development Foundation Russellville, AR | $53,685 | $105 |
Austin Partners In Education Austin, TX | $1,240,919 | $1,858,475 |