Overview
What is Scottish Rite Foundation Of Virginia?
The Scottish Rite Foundation of Virginia is a nonprofit organization situated in Roanoke, Virginia. Its primary mission is to offer educational grants to qualified college and university students pursuing careers in the field of childhood speech and language disorders. The foundation supports various educational institutions, including James Madison University Foundation, Radford University Foundation, Scottish Rite Childhood Language Center at Richmond, Tidewater Scottish Rite Speech & Language Foundation, and Longwood University Foundation, by providing scholarships. This philanthropic organization aims to nurture future professionals in the field of speech and language disorders, thereby contributing to the betterment of children's communication abilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Scottish Rite Foundation of Virginia has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score of 87% indicates a robust commitment to financial transparency and effective governance practices. Notably, the foundation has a fully independent board, achieving maximum points in both majority independent board members and independent board size.
Strengths of the organization also include a perfect score for its financial health, with a liabilities to assets ratio of 0.00%, demonstrating no debt concerns. Additionally, the foundation maintains high program expense ratios, with 89.18% of its expenses directed towards its mission-related activities, ensuring that funds are primarily used for their intended purposes.
While the foundation has performed exceptionally well in its accountability measures, the rating does not provide specific insights into program outcomes or the long-term impact of their initiatives. Nonetheless, the high marks in governance and financial practices contribute positively to the overall reputation of the Scottish Rite Foundation of Virginia.
This AI summary has been generated from information found on Charity Navigator.
Is Scottish Rite Foundation Of Virginia legitimate?
Scottish Rite Foundation Of Virginia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scottish Rite Foundation Of Virginia 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.
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What is the mission statement of Scottish Rite Foundation Of Virginia?
The Scottish Rite Foundation of Virginia is committed to providing educational grants to qualified college and university students pursuing professional careers in the field of childhood speech and language disorders. This mission is carried out through various scholarships offered by organizations such as the James Madison University Foundation, Radford University Foundation, the Scottish Rite Childhood Language Center at Richmond, Inc., Tidewater Scottish Rite Speech & Language Foundation, Inc., and Longwood University Foundation. These scholarships aim to support individuals seeking to become specialists in addressing speech and language issues in children, contributing to the overall well-being and communication abilities of young people.
Who is the CEO of Scottish Rite Foundation Of Virginia?
Leonard A Rowe is the Director of Scottish Rite Foundation Of Virginia.
What is the revenue of Scottish Rite Foundation Of Virginia?
Scottish Rite Foundation Of Virginia's revenue in 2022 was -$66,030.
Who are the executives of Scottish Rite Foundation Of Virginia and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Scottish Rite Foundation Of Virginia?
Scottish Rite Foundation Of Virginia's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Scottish Rite Foundation Of Virginia
The Scottish Rite Foundation of Virginia focuses on providing educational grants to qualified college and university students who are pursuing professional careers in the field of childhood speech and language disorders. Through these grants, the foundation aims to support the next generation of specialists in this critical area, enabling them to make a significant impact on the lives of many children struggling with speech and language issues. The foundation's mission is carried out through various scholarships offered by institutions such as James Madison University Foundation, Radford University Foundation, The Scottish Rite Childhood Language Center at Richmond, Inc., Tidewater Scottish Rite Speech & Language Foundation, Inc., and Longwood University Foundation. These scholarships not only help alleviate the financial burden of higher education but also provide valuable opportunities for students to gain practical experience and further their knowledge in the field of speech and language pathology.
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Impact
October, 2024
The Scottish Rite Foundation of Virginia significantly impacts the field of childhood speech and language disorders by providing educational grants. These grants support qualified college and university students pursuing careers dedicated to addressing these critical issues. Through partnerships with institutions like James Madison University and Radford University, the foundation facilitates scholarships that empower the next generation of professionals in speech and language therapy.
Additionally, the foundation plays a vital role in clinical assistance through the Scottish Rite Childhood Language Center in Richmond and supports the Tidewater Scottish Rite Speech & Language Foundation. By enhancing educational opportunities, the foundation not only aids individual students but also contributes to the development of a skilled workforce poised to address speech and language disorders in children, ultimately benefiting countless families and communities across Virginia.
This information is meant to be a general summary of Scottish Rite Foundation Of Virginia. 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: -$142,423
- Gross Receipts: $232,715
Assets and Liabilities:
- Total Assets: $1,903,667
- Total Liabilities: $0
- Net Assets: $1,903,667
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Organization Details
Founding Year
1977
Phone
(540) 354-5121Principal Officer
Leonard A Rowe
Main Address
C/O LEONARD ROWE 4841 HICKORY RIDGE, ROANOKE, VA, 24018
NTEE Category
Code: B12 - Education
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