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Nonprofiteer
← SCOTTISH RITE FOUNDATION

Form 990 for tax year 2024

Filed by SCOTTISH RITE FOUNDATION.

Totals

Total revenue
$2,030,084
Total expenses
$1,500,669
Contributions and grants received
$200,333
Grants paid
$1,088,335
Program service revenue
$0
Investment income
$1,797,432
Other revenue
$32,319
Total assets, end of year
$36,732,159
Total liabilities, end of year
$247,422
Net assets or fund balances, end of year
$36,484,737
Program services expenses (Part IX)
$1,147,755
Management and general expenses
$320,613
Fundraising expenses
$32,301
Program service expenses (Part III)
$1,147,755

Program services were 76.5% 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

    $200,333

  • 3 · Investment income

    total $921,626 · excluded $921,626

  • 5 · Royalties

    total $5,412 · excluded $5,412

  • 7a · Gross sales of assets other than inventory

    securities $875,806

  • 7c · Gain or loss

    securities $875,806

  • 7d · Net gain or loss

    total $875,806 · excluded $875,806

  • 11a · Other revenue: ENERGY LEASE

    total $26,907 · excluded $26,907

  • 11e · Other revenue, total

    $26,907

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,058,335 · program services $1,058,335

  • 2 · Grants to domestic individuals

    total $30,000 · program services $30,000

  • 7 · Other salaries and wages

    total $104,982 · program services $52,491 · management and general $31,495 · fundraising $20,996

  • 10 · Payroll taxes

    total $8,125 · program services $4,062 · management and general $2,438 · fundraising $1,625

  • 11c · Fees: accounting

    total $34,749 · management and general $34,749

  • 11e · Fees: professional fundraising services

    total $9,680 · fundraising $9,680

  • 11f · Fees: investment management

    total $232,290 · management and general $232,290

  • 11g · Fees: other

    total $7,981 · management and general $7,981

  • 13 · Office expenses

    total $2,480 · management and general $2,480

  • 14 · Information technology

    total $656 · management and general $656

  • 16 · Occupancy

    total $4,576 · management and general $4,576

  • 17 · Travel

    total $7 · management and general $7

  • 24a · Other expenses: PROPERTY TAX

    total $3,941 · management and general $3,941

  • 24b · Other expenses: BANK FEES

    total $1,935 · program services $1,935

  • 24c · Other expenses: OTHER

    total $932 · program services $932

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,066,473 · end of year $1,142,342

  • 3 · Pledges and grants receivable

    beginning of year $54,000 · end of year $14,000

  • 4 · Accounts receivable

    beginning of year $10,972

  • 10a · Land, buildings and equipment: cost or other basis

    $410,036

  • 10c · Land, buildings and equipment, net

    beginning of year $410,036 · end of year $410,036

  • 11 · Investments: publicly traded securities

    beginning of year $30,649,190 · end of year $33,801,973

  • 15 · Other assets

    beginning of year $1,277,870 · end of year $1,363,808

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,690 · end of year $713

  • 18 · Grants payable

    beginning of year $179,416 · end of year $162,006

  • 25 · Other liabilities

    beginning of year $84,703 · end of year $84,703

  • 27 · Net assets without donor restrictions

    beginning of year $32,016,150 · end of year $34,268,478

  • 28 · Net assets with donor restrictions

    beginning of year $2,177,582 · end of year $2,216,259

Mission and programs · 2024

Mission

TO ENHANCE THE QUALITY OF LIFE FOR COLORADO'S CHILDREN AND THEIR FAMILIES BY SUPPORTING HIGH QUALITY, COLLABORATIVE PROGRAMS FOR THE PREVENTION AND TREATMENT OF CHILDHOOD LANGUAGE DISORDERS.

Activities or mission (Part I)

PREVENTION AND TREATMENT OF CHILDHOOD LANGUAGE DISORDERS

  • AID TO CHILDREN AFFLICTED WITH APHASIA, DYSLEXIA, AND SIMILAR COMMUNICATION DISORDERS.

    Expenses $1,117,755 · Grants $1,058,335

  • SCHOLARSHIPS TO GRADUATE STUDENTS STUDYING SPEECH PATHOLOGY.

    Expenses $30,000 · Grants $30,000

As filed on the 2024 return.

Listed in Part VII

  • RICHARD G FROHLICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT W GREGORY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN W GROVES

    VP & TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KARL J HINKLE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • THOMAS R MAGNUSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOE MAGOFFIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.0
Source object
202503079349300935

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