Scottish Rite Foundation
- Assets
- $32.1m
- Revenue
- $950.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Denver, CO
- Founding
- 04/1954
- Data as of
- 12/2022
- 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 12/2022, Scottish Rite Foundation generated $950.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Scottish Rite Foundation has awarded 82 individual grants totaling $10,743,324. 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
2022
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 Bryant Harris Executive Di | Officer | 40 | $78,133 |
Michael Brewer Trustee | Trustee | 0 | $0 |
Richard G Frohlick Treasurer & | OfficerTrustee | 0 | $0 |
Robert W Gregory Trustee | Trustee | 0 | $0 |
John W Groves VP & Trustee | OfficerTrustee | 0 | $0 |
Karl J Hinkle 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 | $130,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,074 |
| Total Program Service Revenue | $0 |
| Investment income | $802,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,755 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $950,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,454,098 |
| 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. | $78,133 |
| Compensation of current officers, directors, key employees. | $19,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,172 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,465 |
| Fees for services: Investment Management | $249,371 |
| Fees for services: Other | $4,405 |
| Advertising and promotion | $0 |
| Office expenses | $760 |
| Information technology | $499 |
| Royalties | $0 |
| Occupancy | $3,650 |
| Travel | $3,046 |
| 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 | $1,867,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,335,035 |
| Pledges and grants receivable | $9,806 |
| 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 | $29,144,722 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,214,008 |
| Total assets | $32,113,607 |
| Accounts payable and accrued expenses | $2,040 |
| Grants payable | $207,120 |
| 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 | $84,703 |
| Total liabilities | $293,863 |
| Net assets without donor restrictions | $29,753,586 |
| Net assets with donor restrictions | $2,066,158 |
| 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 | $32,113,607 |
Grants Awarded
Over the last fiscal year, Scottish Rite Foundation has awarded $1,454,098 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL COLORADO PURPOSE: AID TO CHILDREN | $980,166 |
MONTROSE MEMORIAL HOSPITAL PURPOSE: AID TO CHILDREN | $32,471 |
ST MARY'S LIFE CENTER PURPOSE: AID TO CHILDREN | $91,436 |
CHILDREN'S SPEECH AND READING CENTE PURPOSE: AID TO CHILDREN | $91,678 |
PINION PROJECT FAMILY RESOURCE CENT PURPOSE: AID TO CHILDREN | $53,520 |
UNIVERSITY OF COLORADO PURPOSE: AID TO CHILDREN | $11,800 |