FORT WORTH SCOTTISH RITE FOUNDATION INC

EIN: 751878541 501(c)(3) Education

FORT WORTH, TX

Total Revenue
$1,014,909
Total Expenses
$258,766
Total Assets
$4,447,627
Net Assets
$4,444,534
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
TX
Principal Officer
JEFF BILLINGTON
Phone
8173356004
Tax Period
2024-01-01 to 2024-12-31

FORT WORTH SCOTTISH RITE FOUNDATION INC, founded in 1983, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $756K, a strong 75% operating margin.

Mission

TO PROVIDE STUDENT SCHOLARSHIPS AND DONATE TO TEXAS SCOTTISH RITE HOSPITAL AND OTHER AGENCIES AND PROGRAMS SUPPORTING YOUTH AND THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $113,261

THE FOUNDATION PROVIDES THE MEANS FOR STUDENTS TO FURTHER THEIR EDUCATION THROUGH SCHOLARSHIPS.

Program 2
Expenses: $50,000

DONATIONS MADE FROM FUNDRAISING ACTIVITIES TO BENEFIT THE SCOTTISH RITE CHILDREN'S HOSPITAL.

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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 $94,771
Program Service Revenue $0
Investment Income $174,712
Other Revenue $745,426
TOTAL REVENUE $1,014,909

Expense Breakdown

Grants Paid $152,535
Salaries & Benefits $0
Fundraising Expenses $1,710
Program Expenses $163,261
Other Expenses $106,231
TOTAL EXPENSES $258,766

Year-over-Year Comparison

2024 2023 Change
Revenue $1,014,909 $685,404 +0.5%
Expenses $258,766 $214,573 +0.2%
Net Income $756,143 $470,831 +0.6%
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
13
Independent Members
12
Employees
N/A
Volunteers
119

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
6
$37,319
Total Directors
13
$37,319
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES A ROGERSON PRESIDENT 3.00
Officer Director
$0 $0 $0
H MICHAEL MOTLEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
H FINLAY WATKINS VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
MICHAEL W ELLIOTT TREASURER 2.00
Officer Director
$0 $0 $0
JEFF C BILLINGTON SECRETARY 2.00
Officer Director
$0 $0 $37,319
DANNY J GILBERT CHAPLAIN 1.00
Officer Director
$0 $0 $0
JOHN R ALLEN MEMBER, BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
KEVIN M CARAWAY MEMBER, BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
MICHAEL A HAVERLAND MEMBER, BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
DAVID H SEBASTIAN MEMBER, BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
JACOB R SHELTON MEMBER, BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
KENNETH C CURRY MEMBER, BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
ROBERT R NURSEY MEMBER, BOARD OF DIRECTORS 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 $1,014,909 $258,766 $4,447,627 $756,143
2023 $685,404 $214,573 $3,392,822 $470,831
2022 $446,063 $208,160 $2,824,044 $237,903
2021 $356,203 $162,087 $2,958,198 $194,116
2020 $276,167 $198,404 $2,093,979 $77,763
2019 $466,044 $219,973 $2,186,250 $246,071
2018 $303,893 $191,379 $1,960,356 $112,514
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