Nevada Scottish Rite Foundation
- Assets
- $3.1m
- Revenue
- $575.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Reno, NV
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 94-3026847
Organization Overview
Nevada Scottish Rite Foundation is located in Reno, NV. The organization was established in 1987. 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. Nevada 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 12/2023, Nevada Scottish Rite Foundation generated $575.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $127.6k during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David O Martinez Chairman | 1 | $0 | |
Richard M Graver Jr Treasurer | 1 | $0 | |
H Wayne Kingsley Secretary | 1 | $0 | |
David E Bechtel Trustee | 1 | $0 | |
Michael J Kurcab Trustee | 1 | $0 | |
Robert M Wedding Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $407,877 |
| Interest on Savings | $7,021 |
| Dividends & Interest | $106,361 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,752 |
| Capital Gain Net Income | $53,752 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $575,011 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,669 |
| Depreciation | $4,453 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66 |
| Total operating and administrative expenses | $7,188 |
| Contributions, gifts, grants paid | $120,430 |
| Total expenses and disbursements | $127,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,445 |
| Savings and temporary cash investments | $398,793 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $582 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,974,435 |
| Net Land, buildings, and equipment | $55,145 |
| Other assets | $0 |
| Total assets | $3,082,463 |
| Accounts payable and accrued expenses | $547 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $547 |
Grants Awarded
Over the last fiscal year, Nevada Scottish Rite Foundation has awarded $120,430 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOARD OF REGENTS UNIVERSTIY OF NEVADA PURPOSE: PROVIDE SUPPORT FOR SPEECH, LANGUAGE AND LITERACY TREATMENT OF CHILDHOOD LANGUAGE DISORDERS TO CHILDREN FREE OF CHARGE. | $60,430 |
NEVADA STATE COLLEGE FOUNDATION PURPOSE: PROVIDE SUPPORT FOR SPEECH, LANGUAGE AND LITERACY TREATMENT OF CHILDHOOD LANGUAGE DISORDERS TO CHILDREN FREE OF CHARGE. | $60,000 |