Iowa Scottish Rite Masonic Foundation

Nonprofit profile at a glance

EIN
426060659
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Des Moines, IA, USA
Phone
5152888429
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$2,078,422
Expenses
$400,765
Assets
$10,271,426
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • H CHRIS EICHMEIER (VICE PRESIDENT)
  • WILLIAM C JACOBSON (VICE PRESIDENT)
  • STEVEN G JACOBS (PRESIDENT)
  • ROBERT E BRECKENRIDGE II (VICE PRESIDENT)
  • JOHN H GHRIST (VICE PRESIDENT)
  • CHARLES D YATES (VICE PRESIDENT)

Highest reported compensation

  • SHANE HARSHBARGER (SECRETARY /DIRECTOR DEVELO): $34,850 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization is the joint charitable arm of the five scottish rite valleys in Iowa and provides the organizational framework for the formal charitable giving of Iowa's scottish rite members. See schedule o.the organization has three areas of focus: rite care, support of programs that combat alzheimer's disease, and local charitable efforts.

What it reported doing in 2024

Rite care and other local charitable efforts - rite care is a program to assist children who demonstrate deficiencies in a variety of communication skills, including language comprehension, language expression, phonological awareness and preliteracy skills. The foundation has programs associated with the university of northern Iowa and st. Ambrose university. In addition to the programs that specifically benefit children, the organization also funds scholarships for students studying to become speech and language clinicians. During 2024, the foundation provided scholarships to 6 students, grants to 2 educational institutions, and grants to 30 charitable organizations.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 80
  • Accountability: 87
  • Sustainability: 90
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 30.1%; rating input score 30
  • Program expense ratio: 71.5%; rating input score 72
  • Fundraising efficiency: $54.76 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 85.7%; rating input score 86; 1st percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 75.7%; rating input score 76; 20th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 94.7%; rating input score 95; 25th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 80.7%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 25.63; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 8.7%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: -2.8% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: 26.4% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 7.5% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 30.1% of revenue deployed · 71.5% of spending went to programs
  • Governance: 18 of 19 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $287K in reported program spending
  • Leadership: top reported pay $35K · 19 people listed
  • Consistency: 24 of 26 current checks pass · 2 findings to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.