Overview
What is Scottish Rite Foundation Of Colorado?
The Scottish Rite Foundation of Colorado is a small, nonprofit organization, located at 1370 Grant Street, Denver, CO 80203, dedicated to improving the lives of children and their families. Their primary focus is on supporting programs that prevent and treat childhood language disorders, such as aphasia and dyslexia. The organization's mission is to enhance the quality of life for Colorado's youth by investing in collaborative initiatives that address these communication disorders. Although specific details about their activities are not provided, it's clear that their mission is centered around children's well-being and overcoming communication challenges.
Official website here: www.scottishritefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating
The Scottish Rite Foundation of Colorado has received an 88% score, which qualifies it for a Three-Star rating on Charity Navigator. This score highlights the foundation's strong performance in the Accountability & Finance category, which is essential for ensuring transparency and effective management of resources. A significant aspect of their rating is the foundation's complete independence of board members, earning them a perfect score in this area.
The organization demonstrates a solid commitment to financial responsibility, with a program expense ratio of 80.03%, indicating that a substantial portion of their expenses is directed towards their programs. Additionally, they have no reported material diversion of assets, which contributes positively to their financial integrity. The foundation also follows good practices regarding audit oversight and conflict of interest policies.
However, there are a couple of areas where the organization can improve, such as having a whistleblower policy and a document retention and destruction policy listed. Despite these omissions, the Scottish Rite Foundation of Colorado appears to be a well-managed organization that effectively utilizes its resources to benefit its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Scottish Rite Foundation Of Colorado legitimate?
Scottish Rite Foundation Of Colorado is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scottish Rite Foundation Of Colorado 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: $77,500
Professional Fundraising Fees: $5,380
Other Salaries and Wages: $38,226
For more financial information, click here
Official website here: www.scottishritefoundation.org
What is the mission statement of Scottish Rite Foundation Of Colorado?
The Scottish Rite Foundation of Colorado's mission is centered around improving the lives of children and their families. Specifically, they aim to support programs that focus on preventing and treating childhood language disorders, such as aphasia and dyslexia. Their goal is to enhance the quality of life for these children by providing high-quality, collaborative initiatives. The foundation also offers aid to children who are grappling with various communication disorders, working tirelessly to support their recovery and development.
Official website here: www.scottishritefoundation.org
What is the revenue of Scottish Rite Foundation Of Colorado?
Scottish Rite Foundation Of Colorado's revenue in 2023 was $1,417,937.
Official website here: www.scottishritefoundation.org
Who are the executives of Scottish Rite Foundation Of Colorado and what are their salaries?
The average compensation at Scottish Rite Foundation Of Colorado during 2023 was $115,726. There is 1 employee and 27 volunteers at Scottish Rite Foundation Of Colorado.
Here are 7 key members and their salaries:
- Compensation: $77,500
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- Other: $0
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Official website here: www.scottishritefoundation.org
Where can I find the form 990 for Scottish Rite Foundation Of Colorado?
Scottish Rite Foundation Of Colorado's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.scottishritefoundation.org
Learn more at the official website: www.scottishritefoundation.org
Mission Statement of Scottish Rite Foundation Of Colorado
The Scottish Rite Foundation of Colorado is dedicated to improving the lives of children and their families by investing in high-quality, collaborative programs that focus on preventing and treating childhood language disorders. This nonprofit organization's mission is to enhance the overall well-being of Colorado's children, addressing issues such as aphasia and dyslexia, which are common communication disorders. By supporting these initiatives, the Scottish Rite Foundation of Colorado aims to provide essential assistance to children struggling with these challenges, enabling them to lead more fulfilling lives. The foundation's mission is to empower these children and their families, providing them with the tools and resources they need to overcome these challenges and thrive.
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Impact
July, 2024
The Scottish Rite Foundation Of Colorado has a significant impact on enhancing the quality of life for children and their families in Colorado by supporting high-quality, collaborative programs for the prevention and treatment of childhood language disorders. Their focus on aiding children afflicted with aphasia, dyslexia, and other communication disorders directly addresses the needs of vulnerable populations. Through their efforts, they provide vital support and resources to help children overcome these challenges and thrive in their academic and personal lives.
This information is meant to be a general summary of Scottish Rite Foundation Of Colorado. 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 2023.
- Investment Income: $887,368
- Gross Receipts: $1,417,937
Assets and Liabilities:
- Total Assets: $32,113,607
- Total Liabilities: $293,863
- Net Assets: $31,819,744
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Organization Details
Founding Year
1953
Principal Officer
Thomas R Magnuson
NTEE Category
Code: Y40Z - Mutual benefit
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