Overview
What is Boy Scouts Of America Twin Rivers Council Inc - Trust Fund?
The Boy Scouts of America Twin Rivers Council Inc - Trust Fund is a nonprofit entity, situated in Albany, New York, specifically at 253 Washington Avenue Extension. Its primary function involves utilizing the earnings from its investment activities to support and facilitate the various activities of the Boy Scouts of America organization. The trust fund acts as a financial backbone, allowing the Boy Scouts of America to carry out its mission and initiatives effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Boy Scouts of America Twin Rivers Council Inc - Trust Fund has received a low rating of 54%, which translates to a One-Star rating. This score indicates significant concerns regarding the organization’s accountability and financial practices. While the nonprofit has 100% independent board members and has established various policies such as conflict of interest and whistleblower protections, its overall financial performance appears lacking.
Strengths of the organization include full independence of its board members and transparency in governance practices. The board is comprised entirely of independent members, which is a positive indicator of governance. Furthermore, the organization has demonstrated that it has no material diversion of assets, which suggests a commitment to maintaining its resources for intended purposes.
However, the major weaknesses stem from its financial metrics, particularly a liabilities to assets ratio of 0.00% and a program expense ratio also at 0.00%. This raises concerns about the organization’s ability to effectively utilize its resources for programming and mission-related activities. The low scores in these areas could indicate ineffective financial management or a lack of programmatic outreach, which are critical for nonprofit sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Boy Scouts Of America Twin Rivers Council Inc - Trust Fund legitimate?
Boy Scouts Of America Twin Rivers Council Inc - Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boy Scouts Of America Twin Rivers Council Inc - Trust 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
What is the mission statement of Boy Scouts Of America Twin Rivers Council Inc - Trust Fund?
The Boy Scouts of America Twin Rivers Council Inc - Trust Fund's mission is centered around utilizing the revenues generated from investment sales. This income is utilized to support and facilitate the various activities undertaken by the Boy Scouts of America. The primary objective is to contribute to the fulfillment of the Boy Scouts of America's broader mission and goals. The Trust Fund does not have a specific independent mission statement, but its purpose is inherently linked to the overall mission of the Boy Scouts of America.
Who is the CEO of Boy Scouts Of America Twin Rivers Council Inc - Trust Fund?
Mark Switzer is the Council Executive of Boy Scouts Of America Twin Rivers Council Inc - Trust Fund.
What is the revenue of Boy Scouts Of America Twin Rivers Council Inc - Trust Fund?
Boy Scouts Of America Twin Rivers Council Inc - Trust Fund's revenue in 2022 was $95,519.
Who are the executives of Boy Scouts Of America Twin Rivers Council Inc - Trust Fund and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $145,541
- Other: $21,664
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Boy Scouts Of America Twin Rivers Council Inc - Trust Fund?
Boy Scouts Of America Twin Rivers Council Inc - Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boy Scouts Of America Twin Rivers Council Inc - Trust Fund
The Boy Scouts of America Twin Rivers Council Inc - Trust Fund is dedicated to utilizing the earnings from its investment ventures. This commitment is primarily aimed at supporting and facilitating the various activities carried out by the Boy Scouts of America. By channeling the proceeds from these investments, the organization is able to contribute significantly to the overall mission of the Boy Scouts of America.
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Impact
October, 2024
The Boy Scouts of America Twin Rivers Council Inc - Trust Fund significantly impacts youth development by utilizing proceeds from investment sales to support various activities of the Boy Scouts of America. This funding enables the organization to provide programs that foster leadership skills, community service, and outdoor experiences, contributing to the holistic growth of young individuals in Albany, NY, and surrounding areas. Through these initiatives, the Trust Fund plays a crucial role in helping youth develop critical life skills and a sense of responsibility, ensuring they are well-prepared for future challenges.
This information is meant to be a general summary of Boy Scouts Of America Twin Rivers Council Inc - Trust 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: $92,519
- Gross Receipts: $588,840
Assets and Liabilities:
- Total Assets: $4,216,638
- Total Liabilities: $0
- Net Assets: $4,216,638
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Organization Details
Founding Year
1990
Phone
(518) 869-6436Principal Officer
Mark Switzer
Main Address
253 Washington Avenue Extension, Albany, NY, 12205
NTEE Category
Code: O40 - Youth development
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