Scottish Rite Foundation
- Assets
- $37.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Denver, CO
- Founding
- 04/1954
- Data as of
- 12/2021
- EIN
- 84-6034299
Organization Overview
Scottish Rite Foundation is located in Denver, CO. The organization was established in 1954. 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. Scottish Rite 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, Scottish Rite Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 4.5% 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 2015, Scottish Rite Foundation has awarded 62 individual grants totaling $8,094,559. 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
PREVENTION AND TREATMENT OF CHILDHOOD LANGUAGE DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AID TO CHILDREN AFFLICTED WITH APHASIA, DYSLEXIA, AND SIMILAR COMMUNICATION DISORDERS.
SCHOLARSHIPS TO GRADUATE STUDENTS STUDYING SPEECH PATHOLOGY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Byant Harris Executive Director | Officer | 40 | $65,292 |
John W Groves Vice President & Trustee | OfficerTrustee | 0 | $0 |
Stephen M Munsinger President & Trustee | OfficerTrustee | 0 | $0 |
Richard G Frohlick Treasurer & Trustee | OfficerTrustee | 0 | $0 |
Karl J Hinkle Trustee | Trustee | 0 | $0 |
Robert W Gregory Trustee | Trustee | 0 | $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 | $264,879 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,879 |
| Total Program Service Revenue | $0 |
| Investment income | $775,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,484 |
| Net Rental Income | $25,888 |
| Net Gain/Loss on Asset Sales | $1,208,094 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,276,777 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,130,950 |
| Grants and other assistance to domestic individuals. | $30,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,292 |
| Compensation of current officers, directors, key employees. | $16,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $272,326 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,234 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235 |
| Insurance | $0 |
| All other expenses | $253 |
| Total functional expenses | $1,538,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,285,814 |
| Pledges and grants receivable | $19,806 |
| 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 | $410,036 |
| Investments—publicly traded securities | $34,778,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,210,325 |
| Total assets | $37,704,186 |
| Accounts payable and accrued expenses | $1,742 |
| Grants payable | $255,094 |
| 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 | $256,836 |
| Net assets without donor restrictions | $35,252,184 |
| Net assets with donor restrictions | $2,195,166 |
| 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 | $37,704,186 |
Grants Awarded
Over the last fiscal year, Scottish Rite Foundation has awarded $1,127,050 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Aurora, CO PURPOSE: AID TO CHILDREN | $582,687 |
Grand Junction, CO PURPOSE: AID TO CHILDREN | $175,559 |
Fort Collins, CO PURPOSE: AID TO CHILDREN | $130,000 |
UNIVERSITY OF NORTHERN COLORADO PURPOSE: AID TO CHILDREN | $76,831 |
Montrose, CO PURPOSE: AID TO CHILDREN | $67,856 |
Salt Lake City, UT PURPOSE: AID TO CHILDREN | $41,965 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Scottish Rite Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Fie Family Foundation Bow Mar, CO PURPOSE: TO SUPPORT PHILANTHROPIC ENDEAVORS | $1,000 |
Endowment Analysis
| Beg. Balance | $456,287 |
| Ending Balance | $456,287 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hbg Flatiron Inc Broomfield, CO | $11,095,153 | $20,130,998 |
Assured Life Association Greenwood Village, CO | $58,347,375 | $10,289,844 |
W S A Fraternal Life Westminster, CO | $40,518,457 | $2,411,043 |
Scottish Rite Foundation Denver, CO | $37,704,186 | $2,276,777 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Omaha, NE | $7,732,997 | $821,913 |
Benevolent & Protective Order Of Elks Of The Usa Phoenix, AZ | $4,666,676 | $781,201 |
Benevolent & Protective Order Of Elks Of The Usa St George, UT | $892,991 | $554,266 |
Order Of The Eastern Star Of Nebraska Grand Chapter Lincoln, NE | $9,354,059 | $559,109 |
Order Of The Eastern Star Of Arizona Grand Chapter Phoenix, AZ | $19,893,457 | $1,176,295 |
Benevolent & Protective Order Of Elks Of The Usa Phoenix, AZ | $2,126,503 | $538,995 |
Benevolent & Protective Order Of Elks Of The Usa Mesa, AZ | $1,785,336 | $647,208 |
Most Worshipful Grand Lodge Of Af & Am Of Kansas Emporia, KS | $4,523,110 | $854,917 |