SUPREME COUNCIL BENEVOLENT FOUNDATI AASR

EIN: 046116088 501(c)(3) Philanthropy & Grantmaking

LEXINGTON, MA

Total Revenue
$5,651,556
Total Expenses
$6,979,836
Total Assets
$115,266,100
Net Assets
$113,706,800
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
MA
Principal Officer
WHEELER WALTER F
Phone
7814653300
Tax Period
2024-08-01 to 2025-07-31

SUPREME COUNCIL BENEVOLENT FOUNDATI AASR, founded in 1954, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 215% from the prior year, signaling strong growth momentum. Expenses of $7.0M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO SUPPORT RESEARCH AND THE DEVELOPMENT OF APPROACHES TO PREVENT, DIAGNOSE AND TREAT SCHIZOPHRENIA AND DYSLEXIA. THE FOUNDATION SUPPORTS THE FRATERNITY IN ALL ITS CHARITABLE AND EDUCATIONAL ENDEAVORS, INCLUDING NORTHERN LIGHT, MUSEUM & LIBRARY AND BENEVOLENT FOUNDATION GRAND ALMONER FUND.

Program Service Accomplishments

Program 1
Expenses: $5,118,828

CONTRIBUTIONS TO VARIOUS CHARITIES AND CHARITABLE OUTREACH SERVICES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,786,666
Program Service Revenue $0
Investment Income $3,864,890
Other Revenue $0
TOTAL REVENUE $5,651,556

Expense Breakdown

Grants Paid $1,455,450
Salaries & Benefits $852,224
Fundraising Expenses $892,182
Program Expenses $5,118,828
Other Expenses $4,672,162
TOTAL EXPENSES $6,979,836

Year-over-Year Comparison

2024 2023 Change
Revenue $5,651,556 $1,792,223 +2.2%
Expenses $6,979,836 $7,139,052 0.0%
Net Income $-1,328,280 $-5,346,829 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
54
Independent Members
48
Employees
8
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$362,846
Total Directors
54
$1,190,802
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WHEELER WALTER F TR/PRESIDENT 1.00
Officer Director
$0 $47,119 $362,846
STEELE BRIDGET DIR OF CHARI 40.00
Highest
$141,588 $55,861 $197,449
HECHT KEVIN TRUSTEE/DEPU 1.00
Director
$0 $43,964 $189,846
ELLIOT RICHARD W TRUSTEE 1.00
Director
$0 $46,619 $188,228
BLAISDELL MATTHEW HIGHLY COMPE 40.00
Highest
$145,782 $39,457 $185,239
MCNAUGHTON JOHN BRIAN TRUSTEE/ML B 1.00
Director
$0 $53,684 $182,847
ROUP PAUL J TRUSTEE 1.00
Director
$0 $19,256 $157,849
HEATH ALAN R TRUSTEE 1.00
Director
$0 $36,130 $109,186
DEWOLF MICHAEL A TRUSTEE 1.00
Director
$0 $0 $0
HAINES MARK A TRUSTEE/ML B 1.00
Director
$0 $0 $0
HAISCH HENRY A TRUSTEE/CDC 1.00
Director
$0 $0 $0
KENNEDY CRAIG A TRUSTEE 1.00
Director
$0 $0 $0
HUMPHREY L ARBY TR/ GMS/CDC 1.00
Director
$0 $0 $0
ST PIERRE PAUL C TRUSTEE/DEPU 1.00
Director
$0 $0 $0
INGLIS SCOTT D TR/CDC BD/ D 1.00
Director
$0 $0 $0
TONDA RICHARD D TRUSTEE 1.00
Director
$0 $0 $0
BARNES DAVID TRUSTEE/ML&C 1.00
Director
$0 $0 $0
HAYRYNEN JACOB E TRUSTEE 1.00
Director
$0 $0 $0
PARKINSON KEITH E TRUSTEE/DPTY 1.00
Director
$0 $0 $0
BREWER ELDRIDGE TRUSTEE 1.00
Director
$0 $0 $0
EASTERLING JAMES F TRUSTEE/ML B 1.00
Director
$0 $0 $0
HAMILTON GEORGE F TRUSTEE/ML B 1.00
Director
$0 $0 $0
POYTON KENNETH F TRUSTEE 1.00
Director
$0 $0 $0
DUQUETTE DONALD G TRUSTEE 1.00
Director
$0 $0 $0
JORDAN GREGORY TRUSTEE/ML S 1.00
Director
$0 $0 $0
STEIN HENRY TRUSTEE 1.00
Director
$0 $0 $0
KARSTENS WILLIAM IV TR/ML BOARD/ 1.00
Director
$0 $0 $0
MCCARTHY STEPHEN J TRUSTEE 1.00
Director
$0 $0 $0
POWELL RICHARD J TRUSTEE/ML B 1.00
Director
$0 $0 $0
SAMIEC PETER J TRUSTEE/PAST 1.00
Director
$0 $0 $0
ROSS A JAMES TRUSTEE/ML B 1.00
Director
$0 $0 $0
BRYDEN JEFFREY TRUSTEE/DEPU 1.00
Director
$0 $0 $0
SIMONTON JEFFRY TRUSTEE/DEPU 1.00
Director
$0 $0 $0
CLAY KENNETH A JR TR/DPTY NH/C 1.00
Director
$0 $0 $0
ELLIOT PHILIP R JR TRUSTEE 1.00
Director
$0 $0 $0
PATTERSON JOHN R JR TRUSTEE 1.00
Director
$0 $0 $0
CLARK GREGORY L TRUSTEE/DPTY 1.00
Director
$0 $0 $0
SWALM RICKY L TR/DEP DE/ML 1.00
Director
$0 $0 $0
MORAN DONALD M TRUSTEE 1.00
Director
$0 $0 $0
MORRIS G MICHAEL TRUSTEE/DEP 1.00
Officer Director
$0 $0 $0
GRAFF GARY N TRUSTEE/CDC 1.00
Director
$0 $0 $0
KAYLOR DOUGLAS N TRUSTEE 1.00
Director
$0 $0 $0
CRACCO ANTHONY R TRUSTEE 1.00
Director
$0 $0 $0
HELDMAN DONALD R TR/DPTY OH/C 1.00
Director
$0 $0 $0
LABAGH THOMAS R TRUSTEE/ML B 1.00
Director
$0 $0 $0
POLICASTRO DOUGLAS R TR/DEP NJ/GS 1.00
Officer Director
$0 $0 $0
MARSHBANKS TIMOTHEY S TRUSTEE/DPTY 1.00
Director
$0 $0 $0
PITTMAN ERIC S TRUSTEE 1.00
Director
$0 $0 $0
PLASKET LARRY S TRUSTEE/CDC 1.00
Director
$0 $0 $0
VANGORDEN ROGER S TRUSTEE 1.00
Director
$0 $0 $0
GARDNER STEPHEN TRUSTEE 1.00
Director
$0 $0 $0
SMITH STEVEN TR/GLC/DPTY 2.00
Officer Director
$0 $0 $0
STEFANAKOS STEVEN TR/ML & CDC 1.00
Director
$0 $0 $0
MCINTOSH MICHAEL T TRUSTEE 1.00
Director
$0 $0 $0
WORK BRUCE T TRUSTEE 1.00
Director
$0 $0 $0
MCNAUGHTON JOHN WM TRUSTEE/PAST 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,651,556 $6,979,836 $115,266,100 $-1,328,280
2024 $1,792,223 $7,139,052 $110,465,625 $-5,346,829
2023 $3,654,031 $7,055,851 $105,571,191 $-3,401,820
2022 $-2,703,373 $8,097,564 $106,497,438 $-10,800,937
2021 $11,525,847 $8,035,118 $125,656,047 $3,490,729
2020 $5,100,593 $8,621,601 $107,845,459 $-3,521,008
2019 $6,736,468 $8,718,905 $114,288,359 $-1,982,437
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