Scottish Rite Park Inc
- Assets
- $29.0m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 142
- Location
- Des Moines, IA
- Founding
- 02/1973
- Data as of
- 10/2023
- EIN
- 42-0950776
Organization Overview
Scottish Rite Park Inc is located in Des Moines, IA. The organization was established in 1973. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 10/2023, Scottish Rite Park Inc employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scottish Rite Park Inc 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 10/2023, Scottish Rite Park Inc generated $11.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $11.6m during the year ending 10/2023. While expenses have increased by 3.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE AN INDEPENDENT RETIREMENT FACILITY IN A MANNER WHICH PROVIDES RESIDENTS THE FREEDOM OF AN ACTIVE LIFESTYLE IN A GRACIOUS ATTRACTIVE SETTING. IN CASE OF AN ACCIDENT OR ILLNESS, A 24 HOUR HEALTH SERVICES FACILITY OR RESIDENTIAL CARE IS AVAILABLE. SCOTTISH RITE PARK HAS 153 INDEPENDENT LIVING UNITS, 51 DUALLY CERTIFIED ICF/SNF BEDS AND A 25 BED RESIDENTIAL CARE FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCOTTISH RITE PARK, INC. OWNS AND OPERATES A 13-STORY, 153 UNIT INDEPENDENT RETIREMENT FACILITY, 25 BED RESIDENTIAL CARE FACILITY AND A 51 BED NURSING UNIT TO PROVIDE RESIDENTS THE FREEDOM OF AN ACTIVE LIFESTYLE, IN A GRACIOUS ATTRACTIVE SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Boor Chief Execut | Officer | 40 | $271,424 |
Yvonne Rosenberg Chief Nursin | Officer | 40 | $130,286 |
Elizabeth Dawley CFO | Officer | 40 | $128,100 |
Mark Allen President | OfficerTrustee | $0 | |
Paul Carey Vice Preside | OfficerTrustee | $0 | |
Mark Clark Secretary | OfficerTrustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brice Owens Construction Llc Construction | 10/30/23 | $2,125,391 |
Aj Allen Mechanical Contractors Maintenance | 10/30/23 | $401,660 |
Commonwealth Electric Company Electrical | 10/30/23 | $198,282 |
Midwest Automatic Fire Sprinkler Fire Sprinkler | 10/30/23 | $225,401 |
Millenium Rehab & Consulting Inc Therapy | 10/30/23 | $303,200 |
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 | $317,496 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,496 |
| Total Program Service Revenue | $10,828,941 |
| Investment income | $39,345 |
| 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 | $11,185,782 |
| 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. | $529,810 |
| Compensation of current officers, directors, key employees. | $529,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,599,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $575,934 |
| Payroll taxes | $365,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $555,560 |
| Advertising and promotion | $53,860 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,418,572 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $113,887 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,806,027 |
| Insurance | $257,360 |
| All other expenses | $6,670 |
| Total functional expenses | $11,589,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $884,240 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $706,459 |
| 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 | $261,344 |
| Net Land, buildings, and equipment | $23,224,896 |
| Investments—publicly traded securities | $786,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,104,630 |
| Total assets | $28,968,184 |
| Accounts payable and accrued expenses | $1,394,650 |
| Grants payable | $0 |
| Deferred revenue | $19,705,520 |
| 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 | $2,837,567 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,940 |
| Total liabilities | $23,955,677 |
| Net assets without donor restrictions | $4,088,877 |
| Net assets with donor restrictions | $923,630 |
| 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 | $28,968,184 |