Scottish Rite Foundation Southern Jurisdiction Usa Inc
- Assets
- $27.4m
- Revenue
- $4.9m
- Investments
- $1.9m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/1955
- Data as of
- 12/2021
- EIN
- 52-6054737
Organization Overview
Scottish Rite Foundation Southern Jurisdiction Usa Inc is located in Washington, DC. The organization was established in 1955. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scottish Rite Foundation Southern Jurisdiction USA 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 12/2021, Scottish Rite Foundation Southern Jurisdiction USA Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 6.3% 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.
Since 2014, Scottish Rite Foundation Southern Jurisdiction USA Inc has awarded 99 individual grants totaling $6,849,377. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLY FUND LANGUAGE SERVICES, EDUCATIONAL SCHOLARSHIPS AND DISASTER RELIEF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDING OF SCHOLARSHIPS AND MAKING CONTRIBUTIONS TO NATURAL DISASTER RELIEF EFFORTS AND STATE SCOTTISH RITE FOUNDATIONS FOR SUPPORT OF CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Cole President | OfficerTrustee | 8 | $99,215 |
Matthew Szramoski Director Of Development | Officer | 20 | $98,585 |
William G Sizemore II Secretary | OfficerTrustee | 8 | $59,048 |
James C Morgan Major Donor Officer | 20 | $53,822 | |
Jorge Franchi Chief Financial Officer | Officer | 5 | $29,561 |
Lynn Craig Controller | 5 | $12,828 |
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 | $2,185,202 |
| Noncash contributions included in lines 1a–1f | $9,745 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,185,202 |
| Total Program Service Revenue | $0 |
| Investment income | $354,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,366,603 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,911,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $799,644 |
| Grants and other assistance to domestic individuals. | $60,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $328,182 |
| Compensation of current officers, directors, key employees. | $52,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,438 |
| Pension plan accruals and contributions | $13,872 |
| Other employee benefits | $7,389 |
| Payroll taxes | $36,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $87,004 |
| Fees for services: Other | $21,724 |
| Advertising and promotion | $0 |
| Office expenses | $100,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,172 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,241,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,241,204 |
| 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 | $0 |
| Investments—publicly traded securities | $16,432,041 |
| Investments—other securities | $1,911,852 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,803,861 |
| Total assets | $27,388,958 |
| Accounts payable and accrued expenses | $0 |
| 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 | $500,685 |
| Total liabilities | $500,685 |
| Net assets without donor restrictions | $19,384,519 |
| Net assets with donor restrictions | $7,503,754 |
| 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 | $27,388,958 |
Grants Awarded
Over the last fiscal year, Scottish Rite Foundation Southern Jurisdiction Usa Inc has awarded $607,644 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $595,444 |
Kansas City, MO PURPOSE: KACH ESSAY WINNERS | $12,200 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Scottish Rite Foundation Southern Jurisdiction Usa Inc has recieved totaling $10,400.
| Awarding Organization | Amount |
|---|---|
Royal Order Of Scotland Provincial Belle Vernon, PA PURPOSE: EDUCATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $400 |
Endowment Analysis
| Beg. Balance | $848,068 |
| Earnings | $78,250 |
| Net Contributions | $619,952 |
| Ending Balance | $1,546,270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |