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Nonprofiteer
← SCOTTISH RITE FOUNDATION SOUTHERN JURISDICTION USA INC

Form 990 for tax year 2023

Filed by SCOTTISH RITE FOUNDATION SOUTHERN JURISDICTION USA INC.

Totals

Total revenue
$2,986,478
Total expenses
$4,101,745
Contributions and grants received
$2,414,494
Grants paid
$2,725,060
Program service revenue
$0
Investment income
$563,072
Other revenue
$8,912
Total assets, end of year
$25,158,899
Total liabilities, end of year
$116,384
Net assets or fund balances, end of year
$25,042,515
Program services expenses (Part IX)
$2,846,514
Management and general expenses
$480,087
Fundraising expenses
$775,144
Program service expenses (Part III)
$2,846,514

Program services were 69.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,414,494

  • 1g · Noncash contributions included above

    $30,694

  • 3 · Investment income

    total $482,143 · excluded $482,143

  • 7a · Gross sales of assets other than inventory

    securities $5,695,950

  • 7b · Less cost or other basis and sales expenses

    securities $5,615,021

  • 7c · Gain or loss

    securities $80,929

  • 7d · Net gain or loss

    total $80,929 · excluded $80,929

  • 11a · Other revenue: OTHER INCOME

    total $8,912 · excluded $8,912

  • 11e · Other revenue, total

    $8,912

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,625,767 · program services $2,625,767

  • 2 · Grants to domestic individuals

    total $99,293 · program services $99,293

  • 5 · Compensation of officers, directors and key employees

    total $318,995 · program services $35,584 · management and general $46,538 · fundraising $236,873

  • 7 · Other salaries and wages

    total $258,019 · program services $28,782 · management and general $37,642 · fundraising $191,595

  • 8 · Pension plan contributions

    total $75,711 · program services $8,446 · management and general $11,045 · fundraising $56,220

  • 9 · Other employee benefits

    total $46,978 · program services $5,240 · management and general $6,854 · fundraising $34,884

  • 10 · Payroll taxes

    total $36,158 · program services $4,033 · management and general $5,275 · fundraising $26,850

  • 11c · Fees: accounting

    total $18,810 · management and general $18,810

  • 11f · Fees: investment management

    total $100,514 · management and general $100,514

  • 11g · Fees: other

    total $95,512 · management and general $23,221 · fundraising $72,291

  • 13 · Office expenses

    total $14,637 · program services $199 · management and general $105 · fundraising $14,333

  • 17 · Travel

    total $55,295 · fundraising $55,295

  • 24a · Other expenses: TRUST AND ANNUITY PAYMENT

    total $230,083 · management and general $230,083

  • 24b · Other expenses: DIRECT MAIL

    total $48,404 · fundraising $48,404

  • 24c · Other expenses: SRJ PRINTING AND POSTAGE

    total $39,170 · program services $39,170

  • 24d · Other expenses: DONOR RECOGNITION

    total $38,399 · fundraising $38,399

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,212,312 · end of year $488,552

  • 11 · Investments: publicly traded securities

    beginning of year $16,469,706 · end of year $18,256,899

  • 12 · Investments: other securities

    beginning of year $1,840,779 · end of year $1,758,602

  • 15 · Other assets

    beginning of year $4,377,586 · end of year $4,654,846

  • 25 · Other liabilities

    beginning of year $399,212 · end of year $116,384

  • 27 · Net assets without donor restrictions

    beginning of year $17,571,005 · end of year $18,594,727

  • 28 · Net assets with donor restrictions

    beginning of year $5,930,166 · end of year $6,447,788

Mission and programs · 2023

Mission

TO FUND CHILDHOOD LANGUAGE DISORDER PROGRAMS, AWARD SCHOLARSHIPS FOR UNDER-GRADUATE AND ADVANCED DEGREES, AND FUND NATURAL DISASTER RELIEF EFFORTS.

Activities or mission (Part I)

CHARITABLY FUND LANGUAGE SERVICES, EDUCATIONAL SCHOLARSHIPS AND DISASTER RELIEF.

  • AWARDING OF SCHOLARSHIPS AND MAKING CONTRIBUTIONS TO NATURAL DISASTER RELIEF EFFORTS AND STATE SCOTTISH RITE FOUNDATIONS FOR SUPPORT OF CHARITABLE ACTIVITIES.

    Expenses $2,846,514 · Grants $2,725,060

As filed on the 2023 return.

Listed in Part VII

  • James D Cole

    PRESIDENT

    Total calculated
    $548,992
    From this org
    $107,300
    From related orgs
    $429,200
    Other
    $12,492
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $107,300 + $429,200 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $2,498 + $9,994 related
    Filer's total
    $109,798 + $439,194 related

  • William G Sizemore II

    SECRETARY

    Total calculated
    $404,167
    From this org
    $69,470
    From related orgs
    $277,881
    Other
    $56,816
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $69,470 + $277,881 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,863 + $43,453 related
    Nontaxable benefits
    $500 + $2,000 related
    Filer's total
    $80,833 + $323,334 related

  • Jorge Franchi

    CFO

    Total calculated
    $351,517
    From this org
    $34,700
    From related orgs
    $242,896
    Other
    $73,921
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $34,603 + $242,218 related
    Bonus
    $97 + $678 related
    Other
    not reported
    Deferred
    $5,642 + $39,496 related
    Nontaxable benefits
    $3,598 + $25,185 related
    Filer's total
    $43,940 + $307,577 related

  • Matthew Szramoski

    DIR. OF DEVE

    Total calculated
    $277,384
    From this org
    $107,524
    From related orgs
    $107,524
    Other
    $62,336
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $107,136 + $107,136 related
    Bonus
    $388 + $388 related
    Other
    not reported
    Deferred
    $17,829 + $17,829 related
    Nontaxable benefits
    $13,339 + $13,339 related
    Filer's total
    $138,692 + $138,692 related

  • Gary Unger

    MAJOR DONOR

    Total calculated
    $112,892
    From this org
    $51,367
    From related orgs
    $51,367
    Other
    $10,158
    Hours/week
    20 + 20 related

  • Jeffrey D Larson

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Joe Manning

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Gary L Sissel

    ASSISTANT SE

    Total calculated
    $0
    Hours/week
    2 + 3 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
28 August 2024
IRS schema version
2023v5.0
Source object
202442649349300814

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