Overview
What is Scottish Rite Temple Inc?
Scottish Rite Temple Inc is a nonprofit organization situated in Sacramento, California, primarily functioning as a Title Holding Corporation. Their main role involves holding the title to and managing the controlling assets of various 501(c)(10) organizations, including real estate properties and similar types of assets. This nonprofit organization plays a crucial role in safeguarding and maintaining the properties of these organizations, thereby ensuring their continued operation and growth.
Is Scottish Rite Temple Inc legitimate?
Scottish Rite Temple Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Scottish Rite Temple 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.
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What is the mission statement of Scottish Rite Temple Inc?
Scottish Rite Temple Inc serves as a Non-Profit Title Holding Corporation, its primary role being to hold the title and maintain control over the real property assets and similar types of assets for various 501(c)(10) organizations. Although the provided information does not include a specific mission statement, it can be inferred that the organization's primary function is to ensure the proper management and protection of the assets belonging to these organizations.
What is the revenue of Scottish Rite Temple Inc?
Scottish Rite Temple Inc's revenue in 2023 was $51,649.
Who are the executives of Scottish Rite Temple Inc and what are their salaries?
There are 12 employees and 25 volunteers at Scottish Rite Temple Inc.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Scottish Rite Temple Inc?
Scottish Rite Temple Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Scottish Rite Temple Inc
Scottish Rite Temple Inc, serving as a Non-Profit Title Holding Corporation, plays a vital role in maintaining control over the real estate assets and properties of various 501(c)(10) organizations. This non-profit corporation ensures the safekeeping and proper management of these assets, acting as a reliable steward for the organizations it serves. By holding the title to these properties, Scottish Rite Temple Inc provides a secure foundation for the associated organizations, allowing them to focus on their primary missions without the added burden of property management.
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Impact
October, 2024
Scottish Rite Temple Inc plays a vital role in the Sacramento community by managing and preserving real property assets for various charitable organizations. By functioning as a title holding corporation, it ensures that the assets of 501(c)(10) organizations are maintained and well-managed, allowing these groups to focus on their community improvement initiatives. This stewardship not only safeguards valuable properties but also supports a range of philanthropic activities that benefit local residents and contribute to the overall wellbeing of the community. The Temple's efforts promote stability and continuity in the charitable sector, fostering a stronger, more interconnected community in Sacramento.
This information is meant to be a general summary of Scottish Rite Temple 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 2023.
- Investment Income: $4,960
- Gross Receipts: $702,494
Assets and Liabilities:
- Total Assets: $875,886
- Total Liabilities: $66,815
- Net Assets: $809,071
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Organization Details
Founding Year
1911
Principal Officer
Mario Balbiani
NTEE Category
Code: S47 - Community improvement
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