Overview
What is Boy Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc?
The Boy Scout Trust Fund for the Central Fl Council Boy Scouts of America Inc. is a charitable organization situated in Apopka, Florida. Its primary purpose is to support the Central Florida Council Boy Scouts of America, Inc., which serves young individuals aged 6 to 20 across eight districts in Central Florida. The fund's activities include offering educational programs aimed at developing skills, promoting fitness, and instilling a sense of responsibility in the youth. The trust fund was established with the intention of benefiting and advancing Boy Scout initiatives in the Central Florida region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star Rating
The Boy Scout Trust Fund for the Central Florida Council of the Boy Scouts of America has received a low rating of 54%, which indicates significant room for improvement in its accountability and financial practices. Despite having a fully independent board of directors and no reported material diversion of assets, the charity's program expense ratio is notably low at 27.71%. This suggests that a limited portion of its funds is directed toward its charitable programs.
The organization demonstrates strong governance with established policies for conflict of interest and whistleblower protections, which are important for maintaining transparency and integrity. However, the liabilities to assets ratio being at 0.00% raises questions about its financial sustainability and ability to support its mission effectively.
Overall, while the Boy Scout Trust Fund has good governance practices in place, its low program expense ratio points to potential inefficiencies in fund allocation, which may hinder its overall impact in serving the community. Improvements in financial management and program spending could enhance its standing and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Boy Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc legitimate?
Boy Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boy Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc 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 Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc?
The Boy Scout Trust Fund, established to support the Central Florida Council of Boy Scouts of America, aims to promote and benefit Boy Scout activities in the central Florida region. This fund is in line with the council's mission to provide scouting activities for young individuals aged 6-20, across eight districts in central Florida. The trust fund supports the council by providing educational programs, fostering skill development, encouraging physical fitness, and instilling a sense of responsibility in the participating youth.
What is the revenue of Boy Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc?
Boy Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc's revenue in 2023 was $153,185.
Who are the executives of Boy Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc and what are their salaries?
There 57 volunteers at Boy Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc.
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Where can I find the form 990 for Boy Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc?
Boy Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Boy Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc
Boy Scout Trust Fund, a supporting entity for the Central Florida Council of Boy Scouts of America, is established with the purpose of promoting and benefiting Boy Scout activities in the central Florida region. The trust fund's mission aligns with that of the Central Florida Council Boy Scouts of America, Inc., which aims to provide scouting activities for young men and women aged between 6 and 20 across eight districts in the central Florida territory. The fund's goal is to sponsor educational programs that enable young people to develop their skills, promote fitness, and learn about responsibilities. By supporting the Central Florida Council, the Boy Scout Trust Fund contributes to the development of future leaders, fostering a sense of community and camaraderie among its members.
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Impact
October, 2024
The Boy Scout Trust Fund for the Central Florida Council Boy Scouts of America Inc. plays a vital role in promoting and supporting scouting activities across Central Florida. By providing financial resources, the fund helps to deliver educational programs that empower young people aged 6 to 20 within eight districts. Participants engage in a variety of activities designed to develop important life skills, foster physical fitness, and instill a sense of responsibility.
The Trust Fund enhances opportunities for youth development by ensuring that scouting programs remain accessible and sustainable. This support allows for a diverse range of activities, from outdoor adventures to community service projects, all aimed at building character and leadership skills. As a result, the impact of the Trust Fund extends beyond individual participants, positively influencing families and communities throughout the region.
This information is meant to be a general summary of Boy Scout Trust Fund For The Central Fl Council Boy Scouts Of America Inc. 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: $94,859
- Gross Receipts: $153,185
Assets and Liabilities:
- Total Assets: $1,216,051
- Total Liabilities: $0
- Net Assets: $1,216,051
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Organization Details
Founding Year
1950
Principal Officer
Eric Magendantz
NTEE Category
Code: O40 - Youth development
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