Scottish Rite Foundation Of Washington Inc
- Assets
- $7.9m
- Revenue
- $337.8k
- Investments
- $7.2m
- Employees
- 0
- Location
- Kenmore, WA
- Founding
- 01/1961
- Data as of
- 12/2022
- EIN
- 91-6031623
Organization Overview
Scottish Rite Foundation Of Washington Inc is located in Kenmore, WA. The organization was established in 1961. 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. Scottish Rite Foundation Of Washington 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 12/2022, Scottish Rite Foundation Of Washington Inc generated $337.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $623.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Scottish Rite Foundation Of Washington Inc has awarded 65 individual grants totaling $2,063,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Quenneville President | 4 | $0 | |
G Winton Smith Immediate Past President | 4 | $0 | |
Alvin Jorgensen Sgig, Ex-Officio Director | 4 | $0 | |
Bill Hubbard Vp, Finance | 4 | $0 | |
Aaron Simon Vp, Education | 4 | $0 | |
Scot P Sageser Vp, Public Relations | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,718 |
| Interest on Savings | $0 |
| Dividends & Interest | $159,101 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $106,834 |
| Capital Gain Net Income | $122,422 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,159 |
| Total Revenue | $337,812 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $35,133 |
| Printing and publications | $0 |
| Other expenses | $20,183 |
| Total operating and administrative expenses | $192,146 |
| Contributions, gifts, grants paid | $431,000 |
| Total expenses and disbursements | $623,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $671,075 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,876,965 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,000 |
| 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 | $3,000 |
Grants Awarded
Over the last fiscal year, Scottish Rite Foundation Of Washington Inc has awarded $428,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL WASHINGTON UNIVERSITY PURPOSE: EDUCATIONAL ASSISTANCE - SCHOLARSHIPS TO 4 INDIVIDUALS | $12,000 |
EVANS SCHOOL OF PUBLIC POLICY GOVER PURPOSE: EDUCATIONAL ASSISTANCE - FELLOWSHIP TO 4 INDIVIDUALS | $24,000 |
EASTERN WASHINGTON UNIVERSITY PURPOSE: EDUCATIONAL ASSISTANCE - SCHOLARSHIP FUNDING TO 13 INDIVIDUALS | $39,000 |
EASTERN WASHINGTON UNIVERSITY PURPOSE: EDUCATIONAL ASSISTANCE - FELLOWSHIP FUNDING TO 3 INDIVIDUALS | $18,000 |
GONZAGA UNIVERSITY PURPOSE: EDUCATIONAL ASSISTANCE - SCHOLARSHIPS TO 4 INDIVIDUALS | $12,000 |
GREEN RIVER COLLEGE PURPOSE: EDUCATIONAL ASSISTANCE - SCHOLARSHIP TO 1 INDIVIDUAL | $3,000 |