New Mexico Scottish Rite Foundation
- Assets
- $1.2m
- Revenue
- $90.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 07/1989
- Data as of
- 12/2023
- EIN
- 85-0374164
Organization Overview
New Mexico Scottish Rite Foundation is located in Albuquerque, NM. The organization was established in 1989. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Scottish Rite Foundation 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 12/2023, New Mexico Scottish Rite Foundation generated $90.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $64.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, New Mexico Scottish Rite Foundation has awarded 42 individual grants totaling $510,504. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHILDHOOD LANGUAGE DISORDERS TREATMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERAPY/DYSLEXIA CLINIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lawson President | 10 | $0 | |
Mark Daniels Vice President | 2 | $0 | |
Don Wallin Secretary/treasurer | 2 | $0 | |
John Holland Director | 1 | $0 | |
Duane Walker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,435 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,402 |
| Capital Gain Net Income | $66,402 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,837 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $864 |
| Total operating and administrative expenses | $19,219 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $64,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,905 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,146,147 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,181,052 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, New Mexico Scottish Rite Foundation has awarded $45,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BETHLEHEM LODGE NO 56 PURPOSE: TO PROVIDE FUNDING FOR PAYROLL FOR LEARNING CENTER. | $15,000 |
EDGEWOOD LODGE NO 82 AF & AM PURPOSE: TO PROVIDE FUNDING FOR PAYROLL FOR LEARNING CENTER. | $5,000 |
SAN JUAN LODGE NO25 PURPOSE: TO PROVIDE FUNDING FOR PAYROLL FOR LEARNING CENTER. | $10,000 |
MESA LODGE #68 PURPOSE: TO PROVIDE FUNDING FOR PAYROLL FOR LEARNING CENTER AND TEACHING TRAINING. | $15,000 |