Overview
What is Memphis Scottish Rite Foundation Inc?
Memphis Scottish Rite Foundation Inc is a nonprofit organization situated in Memphis, Tennessee, specifically at 825 Union Avenue. Their primary mission is to offer support for the Scottish Rite Clinic for Childhood Language Disorders, which is located at the University of Tennessee Center for Health Sciences. By extending their assistance, the foundation plays a crucial role in aiding children with speech disorders in the Memphis area. Their purpose is to contribute to the clinic's operations, ultimately benefiting the local community and the young individuals they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
The Memphis Scottish Rite Foundation Inc has received a One-Star rating with an overall score of 54%, primarily based on its Accountability & Finance metrics. While the organization excels in areas such as having a fully independent board and a strong conflict of interest policy, its financial performance raises concerns. Specifically, the organization has a low program expense ratio of 41.79%, indicating that a significant portion of its funds may not be directed toward its programs.
Despite the strengths in governance and transparency, the low ratios regarding liabilities to assets and program expenses suggest potential inefficiencies in fund allocation. This is a significant limitation, as it may impact the organization’s effectiveness in fulfilling its mission. Stakeholders and potential donors should consider these financial indicators when evaluating the foundation's overall impact and sustainability.
Overall, while the Memphis Scottish Rite Foundation demonstrates strong governance practices, the financial performance metrics warrant caution. Interested parties are encouraged to look deeper into how funds are utilized to ensure that their contributions effectively support the organization’s initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Scottish Rite Foundation Inc legitimate?
Memphis Scottish Rite Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Scottish Rite Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Memphis Scottish Rite Foundation Inc?
The Memphis Scottish Rite Foundation Inc primarily focuses on assisting a children's speech disorder clinic. This support is provided to the Scottish Rite Clinic for Childhood Language Disorders situated at the University of Tennessee Center for Health Sciences. The foundation's mission is geared towards enhancing the capabilities of this clinic, thereby contributing to the betterment of children struggling with speech disorders. It does not disclose a broader mission statement covering other areas of social or community service.
Who is the CEO of Memphis Scottish Rite Foundation Inc?
Gerald Leek is the Venerable Master of Memphis Scottish Rite Foundation Inc.
What is the revenue of Memphis Scottish Rite Foundation Inc?
Memphis Scottish Rite Foundation Inc's revenue in 2022 was $50,705.
Who are the executives of Memphis Scottish Rite Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Memphis Scottish Rite Foundation Inc?
Memphis Scottish Rite Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Memphis Scottish Rite Foundation Inc
Memphis Scottish Rite Foundation Inc is an organization dedicated to supporting a specific cause. Their mission lies in assisting a children's speech disorder clinic located at the University of Tennessee Center for the Health Sciences. This clinic is instrumental in addressing speech disorders in children, providing them with the necessary aid to overcome their challenges. By backing this clinic, the Foundation contributes significantly to the field of speech therapy and the wellbeing of children struggling with speech disorders.
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Impact
August, 2024
Memphis Scottish Rite Foundation Inc's impact can be seen through its support of the University of Tennessee Center for Health Sciences Scottish Rite Clinic for Childhood Language Disorders in Memphis, TN. By assisting in the funding of this clinic, the Foundation is directly contributing to the diagnosis and treatment of speech disorders in children. This support ultimately enables more children to receive the necessary care they need to improve their language skills and overall quality of life.
This information is meant to be a general summary of Memphis Scottish Rite Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7
- Gross Receipts: $50,705
Assets and Liabilities:
- Total Assets: $879,827
- Total Liabilities: $66,316
- Net Assets: $813,511
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Organization Details
Founding Year
1975
Phone
(901) 526-7679Principal Officer
Gerald Leek
Main Address
825 UNION AVE, MEMPHIS, TN, 381033599
NTEE Category
Code: P33Z - Human services
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