Overview
What is Boy Scouts Of America Council 397 Endowment Fund?
The Boy Scouts of America Council 397 Endowment Fund is a charitable organization, specifically established to aid the Seneca Waterways Council, Inc., a chapter of Boy Scouts of America. The endowment fund is intended to bolster the council's activities and programs, with a maximum annual payout of 5% of its average asset value from the previous 20 quarters, not exceeding $750,000. This financial support, alongside any specific bequests, serves to uphold and enhance the initiatives of the Seneca Waterways Council, contributing to the overall mission of the Boy Scouts of America. This nonprofit organization is located in Rochester, New York.
Official website here: www.senecawaterways.org
Is Boy Scouts Of America Council 397 Endowment Fund legitimate?
Boy Scouts Of America Council 397 Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boy Scouts Of America Council 397 Endowment Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.senecawaterways.org
What is the mission statement of Boy Scouts Of America Council 397 Endowment Fund?
The Boy Scouts Of America Council 397 Endowment Fund operates with a mission to support the activities and programs of Seneca Waterways Council, Inc., which is affiliated with Boy Scouts of America. This is achieved through an endowment fund, with a maximum of 5.0% of the average asset value from the previous 20 quarters, not exceeding $750,000, being utilized annually. The fund also includes any specific bequests, contributing to the ongoing support of Seneca Waterways Council. In essence, the endowment fund serves to sustain and enhance the initiatives and programs offered by Seneca Waterways Council, Inc., under the Boy Scouts of America organization.
Official website here: www.senecawaterways.org
Who is the CEO of Boy Scouts Of America Council 397 Endowment Fund?
Thomas Richards is the Chair of Boy Scouts Of America Council 397 Endowment Fund.
Official website here: www.senecawaterways.org
What is the revenue of Boy Scouts Of America Council 397 Endowment Fund?
Boy Scouts Of America Council 397 Endowment Fund's revenue in 2022 was $580,701.
Official website here: www.senecawaterways.org
Who are the executives of Boy Scouts Of America Council 397 Endowment Fund and what are their salaries?
- Stephen Hoitt (Secretary/Treasurer)
- Thomas Richards (Chair) [Trustee/Director]
- Frank Crego (Board Trustee)
- Peter Pape (Board Trustee)
- Louis Langie Jr (Board Trustee - Resigned During Year)
- Robert Kernan Jr (Board Trustee)
- Emerson Fullwood (Board Trustee)
- Robert W August (Board Trustee)
- Ted Orr (Board Trustee)
Official website here: www.senecawaterways.org
Where can I find the form 990 for Boy Scouts Of America Council 397 Endowment Fund?
The Boy Scouts Of America Council 397 Endowment Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.senecawaterways.org
Learn more at the official website: www.senecawaterways.org
Mission Statement of Boy Scouts Of America Council 397 Endowment Fund
The Boy Scouts of America Council 397 Endowment Fund is established with a mission to support the activities and programs of Seneca Waterways Council, Inc., a part of the Boy Scouts of America organization. This endowment fund serves as a financial resource, providing a portion of its assets to aid in the operation and development of the Seneca Waterways Council's initiatives. Specifically, 5% of the average asset value from the previous 20 quarters, up to a maximum of $750,000, is set aside for this purpose. The Endowment Fund may also include any specific bequests made for its support. In essence, the Boy Scouts of America Council 397 Endowment Fund exists to bolster the operations and programs of the Seneca Waterways Council, ensuring the continued growth and success of Boy Scouts of America activities within its purview.
Impact
This information is meant to be a general summary of Boy Scouts Of America Council 397 Endowment Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
The impact of Boy Scouts of America Council 397 Endowment Fund is significant in supporting the activities and programs of the Seneca Waterways Council, Inc., Boy Scouts of America. By providing financial resources through its endowment fund, the organization helps empower youth through various developmental programs and activities. This support allows the Seneca Waterways Council to continue its mission of fostering leadership skills, outdoor education, and community engagement among young individuals in the Rochester, NY area. The fund's contributions play a vital role in ensuring the continuity and success of these valuable youth development initiatives.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1952
Phone
(585) 244-4210
Principal Officer
Thomas Richards
Main Address
2320 BRIGHTON HENRIETTA TL ROAD, ROCHESTER, NY, 14623
Website
www.senecawaterways.org
NTEE Category
Code: O40 - Youth development
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