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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Boy Scouts of America Council 397 Endowment Fund has achieved a high score of 96%, reflecting strong performance in accountability and finance. The organization is recognized for its fully independent board, which consists of 100% independent members, showcasing its commitment to governance and oversight. Additionally, the financial health of the fund is robust, with a liability-to-assets ratio of 0.00%, indicating no financial liabilities relative to its assets.
The fund's commitment to transparency is evident through its adherence to several best practices, including a conflict of interest policy, whistleblower policy, and proper documentation of board meeting minutes. The program expense ratio is impressive at 85.41%, meaning a significant portion of its funds is directed towards its mission rather than administrative costs. This strong focus on programmatic expenses generally indicates effective use of donor contributions.
While the rating reflects excellent management and financial stewardship, no specific limitations have been noted in the data provided. Overall, the Boy Scouts of America Council 397 Endowment Fund demonstrates a solid commitment to financial accountability and effective governance, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Boy Scouts Of America Council 397 Endowment Fund?
96% of 25 reviewers on Facebook recommend the Boy Scouts of America Council 397 Endowment Fund. Here’s a summary of their insights:
The feedback highlights a strong appreciation for the organization, praising its dedicated volunteers and impactful programs. Reviewers express a sense of community and camaraderie, noting the positive experiences they’ve had with both scouts and scouters associated with the Seneca Waterways Council.
Overall, there’s a clear sentiment of support and endorsement for the mission of the nonprofit, indicating that it successfully fulfills its goals and fosters a nurturing environment for youth development.
This AI summary has been generated from reviews found on Facebook.
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.
Heare 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?
There 8 volunteers at Boy Scouts Of America Council 397 Endowment Fund.
Here are 9 key members and their salaries:
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- Related: $191,557
- Other: $33,913
Official website here: www.senecawaterways.org
Where can I find the form 990 for Boy Scouts Of America Council 397 Endowment Fund?
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.
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Impact
July, 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.
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.
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: $531,740
- Gross Receipts: $8,034,822
Assets and Liabilities:
- Total Assets: $14,445,413
- Total Liabilities: $0
- Net Assets: $14,445,413
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Organization Details
Founding Year
1952
Phone
(585) 244-4210Principal Officer
Thomas Richards
Main Address
2320 BRIGHTON HENRIETTA TL ROAD, ROCHESTER, NY, 14623
Website
www.senecawaterways.orgNTEE Category
Code: O40 - Youth development
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