Supreme Council Benevolent Foundation
- Assets
- $105.6m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Lexington, MA
- Founding
- 12/1955
- Data as of
- 07/2023
- EIN
- 04-6116088
Organization Overview
Supreme Council Benevolent Foundation is located in Lexington, MA. The organization was established in 1955. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 07/2023, Supreme Council Benevolent Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Supreme Council Benevolent 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 07/2023, Supreme Council Benevolent Foundation generated $3.7m 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 (8.5%) each year. All expenses for the organization totaled $7.1m during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Supreme Council Benevolent Foundation has awarded 38 individual grants totaling $16,322,749. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING OF CHARITABLE OUTREACH PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO VARIOUS CHARITIES AND CHARITABLE OUTREACH SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Atkinson Herbert Trustee/deputy De/museum B | Trustee | 1 | $0 |
Barnes David Trustee/museum Board Membe | Trustee | 1 | $0 |
Basso William Trustee/vp Of Museum | Trustee | 1 | $0 |
Bateman Robert Trustee/cdc Board Member/d | Trustee | 1 | $0 |
Brewer Eldridge Trustee | Trustee | 1 | $0 |
Bryden Jeffrey Trustee/deputy Wi/admin Co | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uam Services Building Maintenance Contractor | 7/30/21 | $200,583 |
Emanouil Brothers Inc Landscape Contractor | 7/30/21 | $185,060 |
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 | $1,748,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,748,207 |
| Total Program Service Revenue | $0 |
| Investment income | $4,796,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,890,328 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,654,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $855,000 |
| Grants and other assistance to domestic individuals. | $412,374 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $364,993 |
| Compensation of current officers, directors, key employees. | $36,499 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,338 |
| Pension plan accruals and contributions | $34,263 |
| Other employee benefits | $3,808 |
| Payroll taxes | $16,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $102,352 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $171,838 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,785 |
| Travel | $14,683 |
| 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 | $497,814 |
| Insurance | $0 |
| All other expenses | $790 |
| Total functional expenses | $7,055,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,931,836 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $263,900 |
| 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 | $3,442,986 |
| Investments—publicly traded securities | $99,803,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,016 |
| Total assets | $105,571,191 |
| Accounts payable and accrued expenses | $18,685 |
| 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 | $1,507,651 |
| Total liabilities | $1,526,336 |
| Net assets without donor restrictions | $97,494,058 |
| Net assets with donor restrictions | $6,550,797 |
| 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 | $105,571,191 |
Grants Awarded
Over the last fiscal year, Supreme Council Benevolent Foundation has awarded $855,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S DYSLEXIA CENTERS INC PURPOSE: CHILDRENS DYSLEXIA CENTERS OPERATIONS SUPPORT | $425,000 |
SCOTTISH RITE MASONIC MUSEUM AND LIBRARY INC PURPOSE: MUSEUM AND LIBRARY OPERATIONS SUPPORT | $335,000 |
SUPREME COUNCIL EDUCATION AND CHARITY FUND PURPOSE: EDUCATION AND CHARITIES FUND SCHOLARSHIP SUPPORT | $50,000 |
INDIANA SCHOOL OF MEDICINE CO INDIANA UNIVERSITY FOUNDATION PURPOSE: SCHIZOPHRENIA RESEARCH | $15,000 |
BRAIN & BEHAVIOR RESEARCH FOUNDATION PURPOSE: SCHIZOPHRENIA RESEARCH | $15,000 |
YALE UNIVERSITY SCHOOL OF MEDICINE PURPOSE: SCHIZOPHRENIA RESEARCH | $15,000 |