Boy Scouts Of America
- Assets
- $60.5m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Hurst, TX
- Founding
- 10/1972
- Data as of
- 12/2021
- EIN
- 75-6104103
Organization Overview
Boy Scouts Of America is located in Hurst, TX. The organization was established in 1972. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. 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 $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PROVIDE FINANCIAL ASSISTANCE AND ASSET MANAGEMENT ON BEHALF OF THE LONGHORN COUNCIL, BOY SCOUTS OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ADMINISTERS AN ENDOWMENT FUND FOR THE BENEFIT OF SCOUTING IN THE TERRITORY SERVED BY THE LONGHORN COUNCIL, UPON THE TERMS AND CONDITIONS STATED IN THE ACTS OF CONGRESS APPROVED JUNE 15, 1916 CREATING THE BOY SCOUTS OF AMERICA. DISCOVERY IS AT THE HEART OF SCOUTING. WHETHER IT'S A CAMPOUT, DERBY CAR RACE, OR HIKE ON THE TRAIL, EVERY ADVENTURE HELPS US UNCOVER A LITTLE MORE ABOUT OURSELVES. SCOUTING BUILDS THE FOUNDATIONS FOR HUMILITY AND COMPASSION - STRENGTHENING CHARACTER THROUGH ACTIONS - TO PREPARE YOUTH FOR A LIFETIME OF LEADERSHIP. SCOUTING TEACHES YOUTH TO CONFRONT ANY CHALLENGE WITH WHOLE HEARTS AND CLEAR MINDS - TO LIVE THEIR LIVES WITHOUT REGRET, NEVER BACK DOWN, AND DO THEIR VERY BEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Bird President | OfficerTrustee | 2 | $0 |
Wendy Shaw Scout Executive/secretary | Officer | 5 | $0 |
Brian Gutierrez Director | Trustee | 1 | $0 |
Robert Holt Jr Director | Trustee | 1 | $0 |
Glenn Adams Director | Trustee | 1 | $0 |
Paul Leonard III Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,010 |
| Total Program Service Revenue | $0 |
| Investment income | $467,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $43,705 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,261,081 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,786,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,562,056 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $37,521 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $261,963 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,373 |
| Insurance | $5,014 |
| All other expenses | $4,332 |
| Total functional expenses | $1,934,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,675 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,619,711 |
| Investments—publicly traded securities | $57,788,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,516 |
| Total assets | $60,498,593 |
| Accounts payable and accrued expenses | $2,764 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $2,308,258 |
| Total liabilities | $2,311,022 |
| Net assets without donor restrictions | $57,618,475 |
| Net assets with donor restrictions | $569,096 |
| 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 | $60,498,593 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boy Scouts Of America has recieved totaling $11,500.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $11,500 |
Endowment Analysis
| Beg. Balance | $46,385,801 |
| Earnings | $9,071,126 |
| Admin Expense | $18,405 |
| Net Contributions | $14,010 |
| Other Expense | $1,599,577 |
| Ending Balance | $53,852,955 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trust U W Of J B Ohara Dallas, TX | $37,870,054 | $2,024,131 |
Boy Scouts Of America Hurst, TX | $60,498,593 | $3,786,022 |
Boy Scouts Of America Lubbock, TX | $4,354,735 | $560,021 |
Kidspace Van Buren, AR | $232,079 | $1,124,204 |
Boy Scouts Of America Abilene, TX | $4,058,814 | $1,115,069 |
High Sky Childrens Ranch Endowment Inc Midland, TX | $20,163,755 | $2,220,256 |
R G & Claudine Pope Peeler Charitable Tr Amarillo, TX | $8,418,322 | $40,136 |
Hay Center Foundation Houston, TX | $2,849,365 | $1,092,300 |
Boy Scouts Of America Roswell, NM | $43,950,492 | $4,976,699 |
Camp Wisdom Inc Dallas, TX | $5,947,164 | $108,429 |
Big Brothers Big Sisters Of Central New Mexico Foundation Albuquerque, NM | $0 | $0 |
Boy Scouts Of America Tyler, TX | $6,485,292 | $88,002 |