IOWA SCOTTISH RITE MASONIC FOUNDATION

EIN: 426060659 501(c)(3)

DES MOINES, IA

Total Revenue
$2,078,422
Total Expenses
$400,765
Total Assets
$10,271,426
Net Assets
$10,271,426
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
IA
Principal Officer
STEVEN G JACOBS
Phone
5152888429
Tax Period
2024-01-01 to 2024-12-31

IOWA SCOTTISH RITE MASONIC FOUNDATION, founded in 1959, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 362% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 81% operating margin.

Mission

THE ORGANIZATION IS THE JOINT CHARITABLE ARM OF THE FIVE SCOTTISH RITE VALLEYS IN IOWA AND PROVIDES THE ORGANIZATIONAL FRAMEWORK FOR THE FORMAL CHARITABLE GIVING OF IOWA'S SCOTTISH RITE MEMBERS. SEE SCHEDULE O.THE ORGANIZATION HAS THREE AREAS OF FOCUS: RITE CARE, SUPPORT OF PROGRAMS THAT COMBAT ALZHEIMER'S DISEASE, AND LOCAL CHARITABLE EFFORTS.

Program Service Accomplishments

Program 1
Expenses: $234,639

RITE CARE AND OTHER LOCAL CHARITABLE EFFORTS - RITE CARE IS A PROGRAM TO ASSIST CHILDREN WHO DEMONSTRATE DEFICIENCIES IN A VARIETY OF COMMUNICATION SKILLS, INCLUDING LANGUAGE COMPREHENSION, LANGUAGE...

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RITE CARE AND OTHER LOCAL CHARITABLE EFFORTS - RITE CARE IS A PROGRAM TO ASSIST CHILDREN WHO DEMONSTRATE DEFICIENCIES IN A VARIETY OF COMMUNICATION SKILLS, INCLUDING LANGUAGE COMPREHENSION, LANGUAGE EXPRESSION, PHONOLOGICAL AWARENESS AND PRELITERACY SKILLS. THE FOUNDATION HAS PROGRAMS ASSOCIATED WITH THE UNIVERSITY OF NORTHERN IOWA AND ST. AMBROSE UNIVERSITY. IN ADDITION TO THE PROGRAMS THAT SPECIFICALLY BENEFIT CHILDREN, THE ORGANIZATION ALSO FUNDS SCHOLARSHIPS FOR STUDENTS STUDYING TO BECOME SPEECH AND LANGUAGE CLINICIANS. DURING 2024, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 6 STUDENTS, GRANTS TO 2 EDUCATIONAL INSTITUTIONS, AND GRANTS TO 30 CHARITABLE ORGANIZATIONS.

Program 2
Expenses: $52,055

THE IOWA SCOTTISH RITE MASONIC FOUNDATION SUPPORTS A VARIETY OF PROGRAMS TO COMBAT THE DEBILITATING DISEASE OF ALZHEIMER'S. THE FOUNDATION FUNDS PROGRAMS IN CONJUCTION WITH THE ALZHEIMER'S...

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THE IOWA SCOTTISH RITE MASONIC FOUNDATION SUPPORTS A VARIETY OF PROGRAMS TO COMBAT THE DEBILITATING DISEASE OF ALZHEIMER'S. THE FOUNDATION FUNDS PROGRAMS IN CONJUCTION WITH THE ALZHEIMER'S ASSOCIATION AND OTHER LOCAL PROGRAMS TO ASSIST BOTH PATIENTS AND CAREGIVERS. DURING 2024, THE FOUNDATION PROVIDED GRANTS TO 1 ORGANIZATION.

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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 $1,388,152
Program Service Revenue $0
Investment Income $637,357
Other Revenue $52,913
TOTAL REVENUE $2,078,422

Expense Breakdown

Grants Paid $247,772
Salaries & Benefits $37,516
Fundraising Expenses $25,350
Program Expenses $286,694
Other Expenses $115,477
TOTAL EXPENSES $400,765

Year-over-Year Comparison

2024 2023 Change
Revenue $2,078,422 $449,990 +3.6%
Expenses $400,765 $394,398 +0.0%
Net Income $1,677,657 $55,592 +29.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
18
Employees
1
Volunteers
50

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
8
$34,850
Total Directors
19
$34,850
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN M KLAUS DIRECTOR 1.00
Director
$0 $0 $0
BRIAN PAPPADUCAS TREASURER 1.00
Officer Director
$0 $0 $0
JEREMEY MEAD DIRECTOR 1.00
Director
$0 $0 $0
H CHRIS EICHMEIER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRYCE B HILDRETH DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM C JACOBSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
HOWARD C NEESE II DIRECTOR 1.00
Director
$0 $0 $0
SHANE HARSHBARGER SECRETARY /DIRECTOR DEVELO 20.00
Officer Director
$34,850 $0 $34,850
DENNIS R SOEBBING DIRECTOR 1.00
Director
$0 $0 $0
STEVEN G JACOBS PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBERT E BRECKENRIDGE II VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN H GHRIST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
THOMAS D COX DIRECTOR 1.00
Director
$0 $0 $0
GARY L SISSEL DIRECTOR 1.00
Director
$0 $0 $0
CHARLES D YATES VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBERT MYERS III DIRECTOR 1.00
Director
$0 $0 $0
THOMAS HUMBERT DIRECTOR 1.00
Director
$0 $0 $0
RICHARD O BERGEZ DIRECTOR 1.00
Director
$0 $0 $0
DOUG B MARX DIRECTOR 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
2024 No data No data No data No data
2024 $2,078,422 $400,765 $10,271,426 $1,677,657
2023 $449,990 $394,398 $8,063,250 $55,592
2022 $346,494 $387,129 $6,289,357 $-40,635
2021 $862,650 $372,992 $6,329,992 $489,658
2020 $488,412 $392,830 $5,840,332 $95,582
2019 $194,684 $378,203 $5,744,750 $-183,519
2018 $314,732 $393,424 $5,928,269 $-78,692
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