Illinois Scottish Rite Fund

Organization Overview

Illinois Scottish Rite Fund is located in Orland Park, IL. The organization was established in 1968. 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. Illinois Scottish Rite Fund 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 03/2022, Illinois Scottish Rite Fund generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $607.5k during the year ending 03/2022. While expenses have increased by 3.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SCHOLARSHIPS FOR NURSING AND ALLIED MEDICAL PROFESSIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS PAID TO VARIOUS EDUCATIONAL INSTITUTIONS FOR HEALTH RELATED AND OTHER FIELDS.


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Board, Officers & Key Employees

Name (title)Compensation
Gregory L Clark
President
$0
Randall R Milone
Vice-President
$0
Charles G Smith
Treasurer
$0
Barry D Weer
Secretary
$0
James Tungate
Director
$0
Danny Leifel
Assistant Treasurer
$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$762,065
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$762,065
Total Program Service Revenue$0
Investment income $189,825
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,137,606
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,089,496

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