Boy Scouts Of America
- Assets
- $3.3m
- Revenue
- $1.3m
- Investments
- $1.4m
- Employees
- 21
- Location
- Waterloo, IA
- Founding
- 11/1965
- Data as of
- 12/2023
- EIN
- 42-0985053
Organization Overview
Boy Scouts Of America is located in Waterloo, IA. The organization was established in 1965. According to its NTEE Classification (O41) the organization is classified as: Boy Scouts of America, under the broad grouping of Youth Development and related organizations. As of 12/2023, Boy Scouts Of America employed 21 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 12/2023, Boy Scouts Of America generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $843.3k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING THE BOY SCOUTS OF AMERICA PROGRAM IN 17 COUNTIES WITHIN THE STATE OF IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNCIL'S PROGRAMS PROVIDE YEAR ROUND SCOUTING, CAMPING AND YOUTH DEVELOPMENT TO YOUTHS AND ADULTS IN 17 COUNTIES IN NORTH CENTRAL IOWA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Farmer President | OfficerTrustee | 1 | $0 |
Mark Curran Commissioner | OfficerTrustee | 1 | $0 |
Tom Herzmann Treasurer | OfficerTrustee | 1 | $0 |
Sharon Mcrae Vp, Membership | OfficerTrustee | 1 | $0 |
Stephen Carroll Vp, Risk Management/govern | OfficerTrustee | 1 | $0 |
Chadd Blanchard Vp, Properties | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,929 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $721,807 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $724,736 |
| Total Program Service Revenue | $294,450 |
| Investment income | $74,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,287 |
| Net Income from Fundraising Events | $43,005 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $140,671 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,288,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $132,833 |
| Compensation of current officers, directors, key employees. | $13,284 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,065 |
| Payroll taxes | $25,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,624 |
| Fees for services: Other | $25,577 |
| Advertising and promotion | $0 |
| Office expenses | $40,812 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,926 |
| Travel | $40,808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,512 |
| Interest | $277 |
| Payments to affiliates | $20,301 |
| Depreciation, depletion, and amortization | $39,117 |
| Insurance | $25,872 |
| All other expenses | $9,829 |
| Total functional expenses | $843,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,173,021 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,350 |
| Accounts receivable, net | $4,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,978 |
| Prepaid expenses and deferred charges | $7,578 |
| Net Land, buildings, and equipment | $449,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,442,900 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $156,301 |
| Total assets | $3,250,003 |
| Accounts payable and accrued expenses | $51,068 |
| 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 | $98,550 |
| Total liabilities | $149,618 |
| Net assets without donor restrictions | $2,243,752 |
| Net assets with donor restrictions | $856,633 |
| 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 | $3,250,003 |