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Nonprofiteer
← SCOTTISH RITE FOUDATION OF VIRGINIA

Form 990 for tax year 2024

Filed by SCOTTISH RITE FOUDATION OF VIRGINIA.

Totals

Total revenue
$406,386
Total expenses
$185,301
Contributions and grants received
$175,915
Grants paid
$164,000
Program service revenue
$0
Investment income
$230,471
Other revenue
$0
Total assets, end of year
$2,409,150
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,409,150
Program services expenses (Part IX)
$164,000
Management and general expenses
$21,301
Fundraising expenses
$0
Program service expenses (Part III)
$164,000

Program services were 88.5% 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

    $175,915

  • 3 · Investment income

    total $230,053 · related or exempt $230,053

  • 7a · Gross sales of assets other than inventory

    securities $39,450

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

    securities $39,032

  • 7c · Gain or loss

    securities $418

  • 7d · Net gain or loss

    total $418 · related or exempt $418

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $164,000 · program services $164,000

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 11f · Fees: investment management

    total $18,213 · management and general $18,213

  • 24a · Other expenses: FOREIGN TAXES WITHHELD

    total $1,588 · management and general $1,588

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,054 · end of year $98,668

  • 11 · Investments: publicly traded securities

    beginning of year $2,143,011 · end of year $2,310,482

  • 27 · Net assets without donor restrictions

    beginning of year $2,113,065 · end of year $2,339,150

  • 28 · Net assets with donor restrictions

    beginning of year $75,000 · end of year $70,000

Mission and programs · 2024

Mission

THE PROVIDING OF EDUCATIONAL GRANTS TO QUALIFIED COLLEGE/UNIVERSITY STUDENTS WHO ARE SEEKING PROFESSIONAL CAREERS IN THE FIELD OF "CHILDHOOD SPEECH AND LANGUAGE DISORDERS".

  • JAMES MADISON UNIVERSITY FOUNDATION - SCHOLARSHIPS RADFORD UNIVERSITY FOUNDATION - SCHOLARSHIPS THE SCOTTISH RITE CHILDHOOD LANGUAGE CENTER AT RICHMONS, INC. - CLINICAL ASSISTANCE TIDEWATER SCOTTISH RITE SPEECH & LANGUAGE FOUNDATION, INC. - SCHOLARSHIPS LONGWOOD UNIVERSITY FOUNDATION - SCHOLARSHIPS

    Expenses $164,000 · Grants $164,000

As filed on the 2024 return.

Listed in Part VII

  • Ralph M Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emmett G Dalton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David H Dew

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barry C Fasion

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Douglas V Jones

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John W Lash

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William B Plesants

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Leonard A Rowe

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Timmy E Shrum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2024
Filed
18 March 2025
IRS schema version
2024v5.0
Source object
202620799349300812

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