The Scottish Rite Learning Center Of West Texas
- Assets
- $7.4m
- Revenue
- $134.5k
- Investments
- $7.2m
- Employees
- 7
- Location
- Lubbock, TX
- Founding
- 08/1974
- Data as of
- 12/2022
- EIN
- 23-7386046
Organization Overview
The Scottish Rite Learning Center Of West Texas is located in Lubbock, TX. The organization was established in 1974. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Scottish Rite Learning Center Of West Texas employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scottish Rite Learning Center Of West Texas 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 Learning Center Of West Texas generated $134.5k 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 (7.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REMEDIAL TRAINING OF INDIVIDUALS WITH DYSLEXIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
REMEDIAL TRAINING OF CHILDREN AND ADULTS WITH DYSLEXIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Maxey Chairman | OfficerTrustee | 5 | $0 |
Adam Walker Legal Advisor | OfficerTrustee | 5 | $0 |
Chris Felton Vice Chairman | OfficerTrustee | 5 | $0 |
Larry Massingill Treasurer | Officer | 5 | $0 |
Gary Armstrong Secretary | Officer | 5 | $0 |
Lamar Hayes Director | Trustee | 2 | $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 | $91,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,735 |
| Total Program Service Revenue | $42,778 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $195,113 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,579 |
| Fees for services: Management | $10,080 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,707 |
| Fees for services: Other | $1,962 |
| Advertising and promotion | $0 |
| Office expenses | $22,697 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,267 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,430 |
| Insurance | $1,337 |
| All other expenses | $17,891 |
| Total functional expenses | $1,054,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,555 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $42,899 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,235,601 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,000 |
| Total assets | $7,376,055 |
| Accounts payable and accrued expenses | $10,532 |
| 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 | $10,532 |
| Net assets without donor restrictions | $6,844,860 |
| Net assets with donor restrictions | $520,663 |
| 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 | $7,376,055 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Scottish Rite Learning Center Of West Texas has recieved totaling $6,712.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of West Texas Lubbock, TX PURPOSE: GENERAL SUPPORT | $5,146 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Endowment Analysis
| Beg. Balance | $9,516,708 |
| Earnings | -$249,857 |
| Admin Expense | $139,279 |
| Net Contributions | $52,148 |
| Other Expense | $133,333 |
| Ending Balance | $9,046,387 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Union Of Texas The Kjt La Grange, TX | $104,398,388 | $13,305,879 |
Kjzt Family Life Austin, TX | $164,643,389 | $13,170,314 |
Scottish Rite Educational Association Of Texas Austin, TX | $15,247,612 | $5,200,101 |
Sivalls Inc And Control Equipment Inc Medical Plan Trust Odessa, TX | $465,939 | $3,039,609 |
San Antonio Police Officers Association Inc San Antonio, TX | $3,073,452 | $2,645,265 |
Knights Of Peter Claver New Orleans, LA | $3,522,649 | $1,821,465 |
Order Of The Alamo San Antonio, TX | $410,612 | $959,299 |
The Scottish Rite Learning Center Of West Texas Lubbock, TX | $7,376,055 | $134,513 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Houston, TX | $13,839,072 | $459,966 |
Cornerstone Lodge Inc Hurst, TX | $324,716 | $876,369 |
Order Of Eastern Star Of Texas Arlington, TX | $24,541,781 | $2,055,375 |
Masonic Grand Lodge Library And Museum Of Texas Waco, TX | $10,624,383 | $1,990,533 |