Boy Scouts Of America
- Assets
- $20.3m
- Revenue
- $5.2m
- Investments
- $45.0k
- Employees
- 105
- Location
- Charlotte, NC
- Founding
- 11/1965
- Data as of
- 12/2021
- EIN
- 56-0529957
Organization Overview
Boy Scouts Of America is located in Charlotte, NC. 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 12/2021, Boy Scouts Of America employed 105 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 $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. 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
SERVE OTHERS BY HELPING INSTILL VALUES IN YOUNG PEOPLE TO MAKE MORAL AND ETHICAL CHOICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE EDUCATIONAL AND RECREATIONAL PROGRAMS OF THE BOY SCOUTS OF AMERICA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Turner Secretary/sc | Officer | 40 | $284,880 |
David K Ritchie Asst Scout E | 40 | $110,265 | |
William B Barnhardt Chair Endowm | OfficerTrustee | 1 | $0 |
Tommy Lee Hayes-Brown VP Scout Rea | OfficerTrustee | 1 | $0 |
Eric Davis VP Marketing | OfficerTrustee | 1 | $0 |
David F Brawley Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $682,854 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,250,169 |
| Noncash contributions included in lines 1a–1f | $3,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,933,023 |
| Total Program Service Revenue | $653,498 |
| Investment income | $316,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,742,441 |
| Net Income from Fundraising Events | $353,675 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $122,943 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,241,023 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,484 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $284,880 |
| Compensation of current officers, directors, key employees. | $142,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $907,271 |
| Pension plan accruals and contributions | $114,145 |
| Other employee benefits | $106,947 |
| Payroll taxes | $84,002 |
| 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 | $0 |
| Fees for services: Other | $28,118 |
| Advertising and promotion | $0 |
| Office expenses | $58,293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $265,795 |
| Travel | $69,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,152 |
| Interest | $9,812 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $384,229 |
| Insurance | $77,972 |
| All other expenses | $29,872 |
| Total functional expenses | $2,885,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,456,123 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $635,859 |
| Accounts receivable, net | $306,670 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $180,137 |
| Prepaid expenses and deferred charges | $36,819 |
| Net Land, buildings, and equipment | $7,855,136 |
| Investments—publicly traded securities | $9,794,497 |
| Investments—other securities | $44,977 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,310,218 |
| Accounts payable and accrued expenses | $133,295 |
| Grants payable | $0 |
| Deferred revenue | $77,384 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $208,160 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $200,000 |
| Other liabilities | $3,219,423 |
| Total liabilities | $3,838,262 |
| Net assets without donor restrictions | $9,509,342 |
| Net assets with donor restrictions | $6,962,614 |
| 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 | $20,310,218 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boy Scouts Of America has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $8,847,043 |
| Earnings | $835,050 |
| Admin Expense | $2,300,000 |
| Net Contributions | $46,251 |
| Ending Balance | $7,428,344 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boy Scouts Of America Atlanta, GA | $93,918,867 | $12,865,814 |
Boy Scouts Of America Nashville, TN | $26,860,919 | $9,044,263 |
Boy Scouts Of America Raleigh, NC | $9,013,430 | $5,887,769 |
Boy Scouts Of America Savannah, GA | $19,548,357 | $1,705,756 |
Boy Scouts Of America Knoxville, TN | $11,933,446 | $5,003,658 |
Boy Scouts Of America Jefferson, GA | $15,172,055 | $5,396,984 |
Boy Scouts Of America Henrico, VA | $15,820,745 | $4,630,860 |
Boy Scouts Of America Memphis, TN | $10,575,209 | $3,385,844 |
Boy Scouts Of America Charlotte, NC | $20,310,218 | $5,241,023 |
Boy Scouts Of America Greenville, SC | $3,898,606 | $2,001,058 |
Boy Scouts Of America Johnson City, TN | $9,059,202 | $1,775,912 |
Boy Scouts Of America Roanoke, VA | $7,478,589 | $3,240,843 |