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Nonprofiteer
← BOY SCOUTS OF AMERICA

Form 990 for tax year 2023

Filed by BOY SCOUTS OF AMERICA.

Totals

Total revenue
$247,210
Total expenses
$606,569
Contributions and grants received
$41,277
Grants paid
$585,696
Program service revenue
$0
Investment income
$205,933
Other revenue
$0
Total assets, end of year
$2,473,208
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,473,208
Program services expenses (Part IX)
$585,696
Management and general expenses
$20,873
Fundraising expenses
$0
Program service expenses (Part III)
$585,696

Program services were 96.6% 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

    $41,277

  • 3 · Investment income

    total $59,550 · unrelated business -$27,131 · excluded $86,681

  • 7a · Gross sales of assets other than inventory

    securities $146,383

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $146,383

  • 7d · Net gain or loss

    total $146,383 · unrelated business $1,142 · excluded $145,241

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $585,696 · program services $585,696

  • 11f · Fees: investment management

    total $20,873 · management and general $20,873

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,850 · end of year $6,398

  • 12 · Investments: other securities

    beginning of year $3,384,812 · end of year $2,285,399

  • 15 · Other assets

    beginning of year $183,656 · end of year $181,411

  • 27 · Net assets without donor restrictions

    beginning of year $2,333,288 · end of year $1,230,178

  • 28 · Net assets with donor restrictions

    beginning of year $1,243,030 · end of year $1,243,030

Mission and programs · 2023

Mission

THE FUND WAS FORMED BY THE EXECUTIVE BOARD OF THE GREATER HUDSON VALLEY COUNCIL, BSA FOR THE PURPOSE OF INCREASING ITS ENDOWMENT FUNDS AND THEREBY PROVIDING A STABLE SOURCE OF FUNDING FOR THE OPERATIONS OF THE COUNCIL. THE BOARD HAS DIRECTED THAT THE INCOME EARNED BY THE INVESTMENT OF THE ASSETS IN THE FUND BE REINVESTED IN THE FUND TO INCREASE THE VALUE OF THE FUND. TRANSFERS ARE MADE TO THE GREATER HUDSON VALLEY COUNCIL, INC. BOY SCOUTS OF AMERICA ("THE COUNCIL") IN AN AMOUNT ESTABLISHED BY THE COUNCIL'S EXECUTIVE BOARD FOR THE PURPOSE OF PAYING THE COUNCIL'S ADMINISTRATIVE AND OPERATING EXPENSES.

Activities or mission (Part I)

TO PROVIDE SUPPORT FOR THE GREATER HUDSON VALLEY COUNCIL BSA.

  • THE TRUST INVESTS ITS ENDOWED ASSETS PRUDENTLY TO MAXIMIZE INVESTMENT RETURN WHILE PRESERVING CAPITAL, THUS ALLOWING IT TO MAKE A SIGNIFICANT GRANT IN 2023 TO ITS SUPPORTED ORGANIZATION, GREATER HUDSON VALLEY COUNCIL BOY SCOUTS OF AMERICA, TO ASSIST THE ORGANIZATION IN COVERING ITS OPERATING EXPENSES.

    Expenses $585,696 · Grants $585,696

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joshua Davies

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Dina Bochnik

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Jessica Brighton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Tom Campanile

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Paxton Louis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jann Mirchandani

    TRUSTEE (TERMED 04/2023)

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Richard Stockton

    SCOUT EXECUTIVE/CEO

    Total calculated
    $248,615
    From this org
    $0
    From related orgs
    $214,514
    Other
    $34,101
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,786 related
    Bonus
    $0
    Other
    $0 + $1,728 related
    Deferred
    $0 + $19,618 related
    Nontaxable benefits
    $0 + $14,483 related
    Filer's total
    $0 + $248,615 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

The filer's explanations (Part III)

PART I, LINE 3:
THE GREATER HUDSON VALLEY COUNCIL, BSA EXECUTIVE BOARD ASSIGNS AN "EMPLOYEE COMPENSATION AND BENEFITS COMMITTEE" TO REVIEW THE PERFORMANCE OF THE SCOUT EXECUTIVE/SECRETARY TO DETERMINE COMPENSATION ON AN ANNUAL BASIS IN FULL COMPLIANCE WITH GUIDELINES SET FORTH BY THE BOY SCOUTS OF AMERICA NATIONAL POLICY. THE EMPLOYEE COMPENSATION AND BENEFITS COMMITTEE, IN CONSULTATION WITH THE BOY SCOUTS OF AMERICA, DETERMINES THE SCOUT EXECUTIVE'S SALARY INCREASE BASED ON THEIR EMPLOYEE PERFORMANCE RATING. SUCH COMPENSATION MUST BE WITHIN THE SALARY RANGES ESTABLISHED BY THE NATIONAL ORGANIZATION. THE SALARY RANGES ARE ADJUSTED FOR COST-OF-LABOR DIFFERENCES BASED ON THE GEOGRAPHIC LOCATION AND THE COUNCIL CLASSIFICATION. THE APPROVAL OF THE SCOUT EXECUTIVE'S COMPENSATION IS DOCUMENTED BY THE COMMITTEE.

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349318196

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