Overview
What is Boy Scouts Of America 388 Westchester Putnam Council Tr Fund?
The Boy Scouts of America 388 Westchester Putnam Council Trust Fund is a philanthropic entity established by the Greater Hudson Valley Council Boy Scouts of America's executive board. Its primary objective is to enhance its endowment funds, ensuring a stable financial source for the council's operations. The trust invests its assets prudently to secure both investment returns and capital preservation, enabling it to grant a substantial sum to the Greater Hudson Valley Council Boy Scouts of America in 2022 to cover their operational expenses. The fund's income is reinvested to increase its value, and transfers are made to the Westchester-Putnam Council, Inc. Boy Scouts of America for managing the council's administrative and operational expenditures.
Is Boy Scouts Of America 388 Westchester Putnam Council Tr Fund legitimate?
Boy Scouts Of America 388 Westchester Putnam Council Tr Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boy Scouts Of America 388 Westchester Putnam Council Tr 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Boy Scouts Of America 388 Westchester Putnam Council Tr Fund?
The Boy Scouts of America 388 Westchester Putnam Council Tr Fund was established by the executive board of the Greater Hudson Valley Council with the purpose of increasing its endowment funds. The primary goal is to provide a stable source of funding for the council's operational expenses. The income generated from the fund's investments is reinvested to grow its value. Transfers are made to the Westchester-Putnam Council, Inc. Boy Scouts of America in an amount determined by the council's executive board, which is utilized to cover the council's administrative and operational expenses. In essence, the fund serves to ensure financial stability and support for the operations of the Boy Scouts of America in the Greater Hudson Valley Council region.
Who is the CEO of Boy Scouts Of America 388 Westchester Putnam Council Tr Fund?
Richard Stockton is the Chairman of Boy Scouts Of America 388 Westchester Putnam Council Tr Fund. The CEO's salary of Boy Scouts Of America 388 Westchester Putnam Council Tr Fund is $0 and their total compensation is $225,550.
What is the revenue of Boy Scouts Of America 388 Westchester Putnam Council Tr Fund?
Boy Scouts Of America 388 Westchester Putnam Council Tr Fund's revenue in 2022 was $158,245.
Who are the executives of Boy Scouts Of America 388 Westchester Putnam Council Tr Fund and what are their salaries?
There 6 volunteers at Boy Scouts Of America 388 Westchester Putnam Council Tr Fund.
Here are 7 key members and their salaries (Boy Scouts Of America 388 Westchester Putnam Council Tr Fund's CEO's salary is $0 and their total compensation is $225,550):
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $202,672
- Other: $22,878
Where can I find the form 990 for Boy Scouts Of America 388 Westchester Putnam Council Tr Fund?
Boy Scouts Of America 388 Westchester Putnam Council Tr Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boy Scouts Of America 388 Westchester Putnam Council Tr Fund
The Boy Scouts of America 388 Westchester Putnam Council Trust Fund was established by the executive board of the Greater Hudson Valley Council, Boy Scouts of America, with the intention of enhancing its endowment funds. This fund serves as a stable source of financing for the council's operational expenses. The board has directed that the income generated from the investment of the fund's assets should be reinvested, with the aim of increasing the value of the fund over time. Transfers are made from the fund to the Westchester-Putnam Council, Inc. Boy Scouts of America (the Council) in an amount determined by the Council's executive board, to cover its administrative and operating expenses.
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Impact
October, 2024
The Boy Scouts of America 388 Westchester Putnam Council Trust Fund significantly impacts youth development in the Greater Hudson Valley by providing critical financial support to the Greater Hudson Valley Council of the Boy Scouts of America. By investing its endowment assets prudently, the fund maximizes returns while preserving capital, ensuring a reliable income stream.
In 2022, the fund made a substantial grant to the Greater Hudson Council, helping cover operating expenses essential for delivering programs and activities that foster leadership, community service, and personal growth among young scouts. This ongoing support translates into enriched experiences for participants, promoting character development, teamwork, and outdoor skills—key attributes for personal and civic responsibility.
The mission to continuously grow the endowment not only stabilizes the council's financial foundation but also ensures that scouting can adapt and thrive, providing lasting benefits to generations of youth in the region. The fund's commitment to reinvestment allows it to strengthen its impact year after year, encouraging a holistic approach to youth development that benefits the entire community.
This information is meant to be a general summary of Boy Scouts Of America 388 Westchester Putnam Council Tr Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $155,248
- Gross Receipts: $158,245
Assets and Liabilities:
- Total Assets: $3,576,318
- Total Liabilities: $0
- Net Assets: $3,576,318
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Organization Details
Founding Year
1974
Phone
(914) 773-1135Principal Officer
Richard Stockton
Main Address
18 WESTAGE DRIVE SPACE 19, FISHKILL, NY, 12524
NTEE Category
Code: O40 - Youth development
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