Boy Scouts Of America
- Assets
- $34.3m
- Revenue
- $3.0m
- Investments
- $4.7m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 11/1965
- Data as of
- 12/2021
- 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 12/2021, Boy Scouts Of America generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $986.6k during the year ending 12/2021. While expenses have increased by 3.3% 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
TO OPERATE FOR THE USE AND BENEFIT OF THE DENVER AREA COUNCIL BOY SCOUTS OF AMERICA.THE DENVER AREA COUNCIL BOY SCOUTS OF AMERICA TRUST IS A SUPPORTING ORGANIZATION OF THE BOY SCOUTS OF AMERICA, DENVER AREA COUNCIL #61. THE MISSION OF THE BOY SCOUTS OF AMERICA IS TO PREPARE YOUNG PEOPLE TO MAKE ETHICAL AND MORAL CHOICES OVER THEIR LIFETIMES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND LAW.
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 DENVER AREA COUNCIL, BOY SCOUTS OF AMERICA. THE ENDOWMENT DISTRIBUTION TOTALED $900,000 FOR THE YEAR ENDED DECEMBER 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G Jackson Tankersley Jr Endowment Chair | OfficerTrustee | 1 | $0 |
Charles W Brasfeild III Secretary | OfficerTrustee | 1 | $0 |
David J Steiner Trustee | Trustee | 1 | $0 |
Charles S Mcneil Trustee | Trustee | 1 | $0 |
Mark E Honnen Trustee | Trustee | 1 | $0 |
Robert L Manning Jr Trustee | 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 | $31,724 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,724 |
| Total Program Service Revenue | $0 |
| Investment income | $359,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,638,446 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,029,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900,000 |
| 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 | $86,618 |
| 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 | $986,618 |
| 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 | $29,146,445 |
| Investments—other securities | $4,673,087 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $476,924 |
| Total assets | $34,327,670 |
| 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 | $384,997 |
| Total liabilities | $384,997 |
| Net assets without donor restrictions | $1,868,534 |
| Net assets with donor restrictions | $32,074,139 |
| 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 | $34,327,670 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boy Scouts Of America has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Mdc Richmond American Homes Foundation Denver, CO PURPOSE: General Operating Support | $6,500 |
Endowment Analysis
| Beg. Balance | $29,952,337 |
| Earnings | $4,858,612 |
| Net Contributions | $31,724 |
| Grants | -$900,000 |
| Ending Balance | $33,942,673 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chandler H Kibbee And Mercedes K Kibbee Foundation For Children Sheridan, WY | $13,511,920 | $2,104,033 |
Big Brothers Big Sisters Of Utah Inc Salt Lake City, UT | $1,000,913 | $2,440,314 |
James E West Foundation Omaha, NE | $23,468,379 | $3,469,599 |
Boy Scouts Of America Denver, CO | $34,327,670 | $3,029,324 |
Wyoming State 4h Foundation Laramie, WY | $6,351,833 | $1,074,965 |
Gillwell Foundation Omaha, NE | $8,176,739 | $8,704,636 |
Boy Scouts Of America Roswell, NM | $43,950,492 | $4,976,699 |
Boys And Girls Club Of Central Wyoming Endowment Foundation Inc Casper, WY | $10,401,641 | $818,229 |
Big Brothers Big Sisters Of Central New Mexico Foundation Albuquerque, NM | $0 | $0 |
Redeeming Love Ministries Colorado Springs, CO | $243,034 | $436,148 |
Girl Scouts Of Southern Arizona Properties Inc Tucson, AZ | $5,177,826 | $273,147 |
Girl Scouts Of Southern Arizona Foundation Tucson, AZ | $4,453,795 | $400,021 |