Scottish Rite Cathedral INC

Cranston, RI · Public charity (501(c)(3))

✓ Tax-deductible Latest data FY2024
Revenue
$84K
▲ +89% vs prior year
Spent
$127K
To programs
96%
Net assets
$754K
By yearFY2020–FY2024
Revenue
$84K
FY2024▲ +89%
Revenue by fiscal year
FY2020$37K
FY2021$105K
FY2022$126K
FY2023$45K
FY2024$84K
Expenses
$127K
FY2024▲ +2%
Expenses by fiscal year
FY2020$105K
FY2021$124K
FY2022$123K
FY2023$124K
FY2024$127K
Net assets
$754K
FY2024▼ -5%
Net assets by fiscal year
FY2020$892K
FY2021$874K
FY2022$876K
FY2023$796K
FY2024$754K

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Paul Lynch Foundation
$2K in the latest grant year.
Spent on programs?
96% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↑ +89% vs prior year
Legal name (IRS)Hdr · item CScottish Rite Cathedral INC
EINHdr · item D05-0349871
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 1977
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCranston, RI
NTEE classificationIRS BMFNonprofit

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$121K
Management & general4%$6K
Total functional expensesLn 25$127K

Financial health

Program efficiency
96%
of spending reaches programs+0.5% vs prior filing year
Operating runway
66.0mo
months of highly liquid reserves at operating expense rate▲ +2% vs prior filing year
Surplus margin
-50%
revenue over expenses, this year▲ +72% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.0M
FY2024+0.06%
Total assets by fiscal year
FY2020$982K
FY2021$1.0M
FY2022$1.1M
FY2023$1.0M
FY2024$1.0M
Total liabilities
$276K
FY2024▲ +18%
Total liabilities by fiscal year
FY2020$90K
FY2021$135K
FY2022$175K
FY2023$233K
FY2024$276K
Revenue less expensesPt I · Ln 19−$42K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$5K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$276K
Total net assetsLn 32$754K
Months of cash on handcomputed0.5

Statement of Revenue

Part VIII
Investment income$49K · 58%
Other revenue$33K · 39%
Contributions & grants$2K · 3%
Investment income58%$49K
Other revenue39%$33K
Contributions & grants3%$2K
Total revenueLn 12$84K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $696K · Operating expenses/yr $127K
66.0 months
Where the money goes
Program services
Program services $121K · Total expenses $127K
96%
Management & General
Management & general $6K · Total expenses $127K
4%
Fundraising
Fundraising $0 · Total expenses $127K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $4K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2K · Total revenue $84K
3%
Government reliance
Government grants — · Total revenue $84K
—
Earned-income share
Program service revenue $0 · Total revenue $84K
0%
Investment reliance
Investment income $49K · Total revenue $84K
+58%
Program self-sufficiency
Program service revenue $0 · Total expenses $127K
0%
Growth & trend
Revenue growth (YoY)
This year $84K · Prior year $45K
+89%
Revenue CAGR
FY2020 $37K · FY2024 $84K
+23%
Net-asset trend (YoY)
End of year $754K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $84K · Expenses $127K
-50%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $754K · Total assets $1.0M
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $691K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
67%
People & payroll
Highest Reported Total Compensation
Individual Russell J Lorenson · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $127K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $127K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 4%——
Fundraising cost ratio 0%——
Revenue growth 89%——
Accounting fee ratio 9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Scottish Rite Cathedral INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Provides a building for a nonprofit to use.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $121K of program spending, described in the organization's own filed words · FY2024.
01

Established to own, operate, maintain the property and equipment of the ancient accepted scottish rite. Rent is charged to the organizations who use the facility.

$121Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$2K

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $84K$127K+89% 990 PDF
FY2023 $45K$124K-65% 990 PDF
FY2022 $126K$123K+19% 990 PDF
FY2021 $105K$124K+183% 990 PDF
FY2020 $37K$105K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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