Overview
What is Boy Scouts Of America Trust Fund 214?
Boy Scouts Of America Trust Fund 214 is a nonprofit organization with legally restricted funds, managed by a separate committee of trustees. Located in Metairie, Louisiana, the trust fund generates income through rental income from a building it owns and invests in marketable securities. The primary mission of this trust fund is to ensure a perpetual source of income for future operations within the New Orleans Area Council of Boy Scouts of America. This income is utilized to support various programs and initiatives within the council. The trust fund also manages funds that are legally restricted, ensuring the organization's continued operations in the area.
Is Boy Scouts Of America Trust Fund 214 legitimate?
Boy Scouts Of America Trust Fund #214 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boy Scouts Of America Trust Fund #214 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.
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What is the mission statement of Boy Scouts Of America Trust Fund 214?
The Boy Scouts of America Trust Fund 214 maintains legally restricted funds, managed by a separate board of trustees. The trust fund's objective is to ensure a perpetual source of income for future operations. This is achieved by managing investments to generate income and by owning a building that produces rental income, which is later invested in marketable securities. Essentially, the trust fund's mission is to preserve and grow its funds, providing a sustainable source of income for the Boy Scouts of America in a specific area.
What is the revenue of Boy Scouts Of America Trust Fund 214?
Boy Scouts Of America Trust Fund 214's revenue in 2023 was $194,451.
Who are the executives of Boy Scouts Of America Trust Fund 214 and what are their salaries?
There 6 volunteers at Boy Scouts Of America Trust Fund 214.
Here are 7 key members and their salaries:
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- Compensation: $17,862
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Where can I find the form 990 for Boy Scouts Of America Trust Fund 214?
Boy Scouts Of America Trust Fund 214's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Boy Scouts Of America Trust Fund 214
The Boy Scouts of America Trust Fund 214 maintains a collection of funds that are legally restricted and managed by a separate committee of trustees. This trust fund ensures the continuity of operations for the New Orleans Area Council of Boy Scouts of America by generating income from these resources. Beyond this, the trust fund also owns a building that produces rental income, which is then invested in marketable securities. This strategic approach allows the trust fund to sustain its financial resources and contribute to the future operations of the Boy Scouts of America in the New Orleans area.
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Impact
October, 2024
Boy Scouts Of America Trust Fund 214 plays a crucial role in ensuring the sustainability and growth of scouting programs in the New Orleans area. By managing legally restricted funds, the trust fund creates a perpetual income source that supports future operations. This financial strategy enables the council to provide ongoing youth development activities and programs that benefit local scouts.
The trust fund’s investment in marketable securities, along with rental income generated from property ownership, helps to secure long-term financial stability. This model not only maintains steady funding for essential scouting initiatives but also fosters community engagement and leadership development among youth. Overall, the trust fund's efforts directly contribute to enriching the scouting experience and empowering the next generation of leaders within the community.
This information is meant to be a general summary of Boy Scouts Of America Trust Fund 214. 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 2023.
- Investment Income: $34,046
- Gross Receipts: $1,357,761
Assets and Liabilities:
- Total Assets: $3,733,348
- Total Liabilities: $130,836
- Net Assets: $3,602,512
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Organization Details
Founding Year
1965
Principal Officer
Joe T Hayden
NTEE Category
Code: O40 - Youth development
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