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← BOY SCOUTS OF AMERICA

Form 990 for tax year 2022

Filed by BOY SCOUTS OF AMERICA.

Totals

Total revenue
$2,001,342
Total expenses
$1,150,124
Contributions and grants received
$544,056
Grants paid
$1,070,000
Program service revenue
$0
Investment income
$1,457,286
Other revenue
$0
Total assets, end of year
$28,067,311
Total liabilities, end of year
$57,302
Net assets or fund balances, end of year
$28,010,009
Program services expenses (Part IX)
$1,070,000
Management and general expenses
$80,124
Fundraising expenses
$0
Program service expenses (Part III)
$1,070,000

Program services were 93.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $544,056

  • 3 · Investment income

    total $560,824 · excluded $560,824

  • 7a · Gross sales of assets other than inventory

    securities $896,462

  • 7c · Gain or loss

    securities $896,462

  • 7d · Net gain or loss

    total $896,462 · excluded $896,462

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,070,000 · program services $1,070,000

  • 11f · Fees: investment management

    total $80,124 · management and general $80,124

Balance sheet

Part X, book values.

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,214 · end of year $31,214

  • 11 · Investments: publicly traded securities

    beginning of year $29,146,445 · end of year $21,960,527

  • 12 · Investments: other securities

    beginning of year $4,673,087 · end of year $5,693,129

  • 15 · Other assets

    beginning of year $476,924 · end of year $382,441

  • 25 · Other liabilities

    beginning of year $384,997 · end of year $57,302

  • 27 · Net assets without donor restrictions

    beginning of year $1,868,534 · end of year $1,958,157

  • 28 · Net assets with donor restrictions

    beginning of year $32,074,139 · end of year $26,051,852

Mission and programs · 2022

Mission

THE DENVER AREA COUNCIL BOY SCOUTS OF AMERICA TRUST (TRUST) IS A PERPETUAL TRUST ESTABLISHED BY THE BOY SCOUTS OF AMERICA, GREATER COLORADO COUNCIL 61 (THE COUNCIL) ON NOVEMBER 6, 1984 TO RECEIVE AND INVEST ENDOWMENT CONTRIBUTIONS SOLELY FOR THE BENEFIT OF THE COUNCIL, AND TO DISTRIBUTE INVESTMENT INCOME TO THE COUNCIL. TRUST INCOME IS AVAILABLE FOR THE GENERAL PURPOSES OF THE COUNCIL AND FOR OTHER PURPOSES SPECIFIED BY DONORS.

Activities or mission (Part I)

TO OPERATE FOR THE USE AND BENEFIT OF THE BOY SCOUTS OF AMERICA, GREATER COLORADO COUNCIL 61.

  • AS PROVIDED BY THE ENDOWMENT TRUST DOCUMENT, AN AMOUNT EQUAL TO 4.5% OF THE TWELVE QUARTER ROLLING AVERAGE OF THE TRUST INVESTMENT BALANCES IS MADE AVAILABLE FOR GENERAL AND DONOR-SPECIFIED PURPOSES TO THE BOY SCOUTS OF AMERICA, GREATER COLORADO COUNCIL 61. THE ENDOWMENT DISTRIBUTION TOTALED 1,070,000 FOR THE YEAR ENDED DECEMBER 31, 2022.

    Expenses $1,070,000 · Grants $1,070,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles W Brasfeild III

    SCOUT EXEC./

    Total calculated
    $348,802
    From this org
    $0
    From related orgs
    $314,480
    Other
    $34,322
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    not reported + $275,057 related
    Bonus
    not reported + $35,000 related
    Other
    not reported + $4,423 related
    Deferred
    not reported + $8,330 related
    Nontaxable benefits
    not reported + $25,992 related
    Filer's total
    not reported + $348,802 related

  • G Jackson Tankersley Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark E Honnen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Mathew N Stava

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Robert L Manning Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Charles S McNeil

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David J Steiner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349313700

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