Scottish Rite Park Inc
- Assets
- $25.0m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 147
- Location
- Des Moines, IA
- Founding
- 02/1973
- Data as of
- 10/2020
- 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 10/2020, Scottish Rite Park Inc employed 147 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 10/2020, Scottish Rite Park Inc generated $10.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $9.7m during the year ending 10/2020. While expenses have increased by 1.9% per year over the past 6 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
2020
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 156 INDEPENDENT LIVING UNITS, 51 DUALLY CERTIFIED ICF/SNF BEDS AND A 25 BED RESIDENTIAL CARE FACITILIY.
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 Executive Officer | Officer | 40 | $247,050 |
Elizabeth Dawley Chief Financial Officer | Officer | 40 | $105,929 |
Yvonne Rosenberg Chief Nursing Officer | Officer | 40 | $94,889 |
Mark Allen President | OfficerTrustee | 2 | $0 |
Paul Carey Vice President | OfficerTrustee | 2 | $0 |
Mark Clark Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Breiholz Construction Company General Contractor | 10/30/20 | $1,470,176 |
Hr Lancaster Construction General Contractor | 10/30/20 | $330,630 |
Millennium Rehab Pt/ot/st | 10/30/20 | $335,226 |
A J Allen Mechanical Contractors Mechanical System | 10/30/20 | $256,800 |
Interior Design Solutions Interior Design Services | 10/30/20 | $153,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $887,752 |
| Investment income | $74,555 |
| 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 | $10,213,355 |
| Statement of Expenses | |
|---|---|
| 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. | $352,979 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,873,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $427,329 |
| Payroll taxes | $359,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,622 |
| Fees for services: Accounting | $20,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $563,546 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,176,380 |
| Travel | $21,913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $49,379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,577,109 |
| Insurance | $110,087 |
| All other expenses | $0 |
| Total functional expenses | $9,668,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,596,291 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $602,594 |
| 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 | $223,182 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,929,463 |
| Total assets | $25,028,424 |
| Accounts payable and accrued expenses | $779,377 |
| Grants payable | $0 |
| Deferred revenue | $15,114,351 |
| 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 | $3,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $365,494 |
| Total liabilities | $19,259,222 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,769,202 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Scottish Rite Park Inc has recieved totaling $67.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Endowment Analysis
| Beg. Balance | $572,630 |
| Ending Balance | $572,630 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Phs Cottage Grove Inc Roseville, MN | $59,058,430 | $15,462,606 |
Evans Park Inc Elk River, MN | $42,762,027 | $16,308,522 |
Volunteers Of America Inc Eden Prairie, MN | $2,912,114 | $17,645,281 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Carondelet Village Inc Roseville, MN | $51,351,409 | $15,659,631 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |