Boy Scouts Of America
- Assets
- $30.4m
- Revenue
- $8.4m
- Investments
- $31.7k
- Employees
- 232
- Location
- Chicago, IL
- Founding
- 11/1965
- Data as of
- 12/2021
- EIN
- 47-5066720
Organization Overview
Boy Scouts Of America is located in Chicago, IL. The organization was established in 1965. As of 12/2021, Boy Scouts Of America employed 232 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Boy Scouts Of America is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Boy Scouts Of America generated $8.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $6.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE CHARACTER AND BUILD CITIZENSHIP AND PHYSICAL FITNESS AMONG YOUTH WITHIN ITS DESIGNATED GEOGRAPHICAL AREA, CONSISTING OF PORTIONS OF ILLINOIS AND INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOY SCOUTS OF AMERICA WAS FOUNDED IN 1910 AND EXISTS TODAY TO SERVE OTHERS BY HELPING INSTILL VALUES IN YOUNG PEOPLE AND PREPARE THEM TO MAKE ETHICAL CHOICES DURING THEIR LIFETIME AND ACHIEVE THEIR FULL POTENTIAL. COMMUNITY-BASED ORGANIZATIONS RECEIVE NATIONAL CHARTERS TO USE THE SCOUTING PROGRAM AS PART OF THEIR OWN YOUTH WORK IN THE PATHWAY TO ADVENTURE COUNCIL. THE YOUTH PARTICIPATE IN INDOOR/OUTDOOR ACTIVITIES. THEY ARE UNDER THE GUIDANCE OF TRAINED ADULT VOLUNTEERS, WHO HELP THEM DEVELOP THE LIFE SKILLS THEY NEED TO BECOME FUTURE LEADERS AND ACTIVE CITIZENS IN THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Isaac Scout Executive/ceo/sec | Officer | 40 | $300,814 |
Lynette Sarther Controller | 40 | $126,976 | |
Maureen Elroy Executive Assistant & Office Manager | 40 | $122,585 | |
Timothy Bouchard Deputy Scout Executive/coo | 40 | $120,950 | |
Cedric Bodley Assistant Director Of Field Service | 40 | $109,892 | |
Jerome E Brand Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gordon Food Service Food Services | 12/30/21 | $326,988 |
Sherlock Homes Of Indiana Inc Construction Services | 12/30/21 | $206,751 |
Muskegon Quality Builders Renovation Services | 12/30/21 | $133,136 |
Wood Trucking Installation Services | 12/30/21 | $124,200 |
Hyatt Regency Chicago Event Services | 12/30/21 | $123,009 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $946 |
| Membership dues | $0 |
| Fundraising events | $436,601 |
| Related organizations | $0 |
| Government grants | $619,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,036,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,093,317 |
| Total Program Service Revenue | $1,803,930 |
| Investment income | $3,073,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,923 |
| Net Gain/Loss on Asset Sales | $699,755 |
| Net Income from Fundraising Events | -$39,939 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $519,245 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,408,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $78,073 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $342,018 |
| Compensation of current officers, directors, key employees. | $16,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,709,438 |
| Pension plan accruals and contributions | $210,970 |
| Other employee benefits | $275,379 |
| Payroll taxes | $274,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $67,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $131,311 |
| Fees for services: Other | $61,164 |
| Advertising and promotion | $0 |
| Office expenses | $260,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $730,896 |
| Travel | $163,728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,270 |
| Interest | $0 |
| Payments to affiliates | $102,000 |
| Depreciation, depletion, and amortization | $421,755 |
| Insurance | $158,304 |
| All other expenses | $142,313 |
| Total functional expenses | $6,827,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,098,337 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,282 |
| Accounts receivable, net | $32,672 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $90,056 |
| Prepaid expenses and deferred charges | $207,715 |
| Net Land, buildings, and equipment | $6,308,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,746 |
| Investments—program-related | $19,567,018 |
| Intangible assets | $0 |
| Other assets | $92,023 |
| Total assets | $30,434,530 |
| Accounts payable and accrued expenses | $181,172 |
| Grants payable | $0 |
| Deferred revenue | $230,060 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,079,144 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,226,866 |
| Total liabilities | $8,717,242 |
| Net assets without donor restrictions | $10,451,404 |
| Net assets with donor restrictions | $11,265,884 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,434,530 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Boy Scouts Of America has recieved totaling $535,105.
| Awarding Organization | Amount |
|---|---|
National Boy Scouts Of America Foundation Irving, TX PURPOSE: Support local council Scouting | $500,000 |
Cme Group Foundation Chicago, IL PURPOSE: STEM IN SCOUTING | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,390 |
Labor-Management Union Carpentry Cooperation Promotion Fund Chicago, IL PURPOSE: CHARITABLE CONTRIBUTION | $6,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,250 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $11,054,800 |
| Earnings | $3,201,287 |
| Admin Expense | $83,961 |
| Net Contributions | $8,449 |
| Other Expense | $1,700,000 |
| Ending Balance | $12,480,575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Leavenworth-Jefferson Electric Cooperative Inc Topeka, KS | $0 | $20,178,550 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Community Support Services Inc Akron, OH | $23,036,222 | $26,517,082 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Region 3b Area Agency On Aging Battle Creek, MI | $12,282,051 | $21,229,876 |
Southwest Counseling Solutions Inc Detroit, MI | $10,435,524 | $23,926,279 |