Boy Scouts Of America
- Assets
- $28.1m
- Revenue
- $2.0m
- Investments
- $5.7m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 11/1965
- Data as of
- 12/2022
- EIN
- 84-6059377
Organization Overview
Boy Scouts Of America is located in Denver, CO. The organization was established in 1965. 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 12/2022, Boy Scouts Of America generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE FOR THE USE AND BENEFIT OF THE BOY SCOUTS OF AMERICA, GREATER COLORADO COUNCIL 61.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Brasfeild III Scout Exec./ | Officer | 1 | $0 |
G Jackson Tankersley Jr Chairman | OfficerTrustee | 1 | $0 |
Mark E Honnen Board Member | Trustee | 1 | $0 |
Mathew N Stava Board Member | Trustee | 1 | $0 |
Robert L Manning Jr Board Member | Trustee | 1 | $0 |
Charles S Mcneil Board Member | 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 | $544,056 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $544,056 |
| Total Program Service Revenue | $0 |
| Investment income | $560,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $896,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,001,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,070,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,124 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,150,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $31,214 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,960,527 |
| Investments—other securities | $5,693,129 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $382,441 |
| Total assets | $28,067,311 |
| Accounts payable and accrued expenses | $0 |
| 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 | $57,302 |
| Total liabilities | $57,302 |
| Net assets without donor restrictions | $1,958,157 |
| Net assets with donor restrictions | $26,051,852 |
| 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 | $28,067,311 |