Overview
What is Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300?
The Boy Scouts of America Trust Fund, managed by Moody National Bank Trust with the identification 1831061300, is a financial resource designed to support the operations of the Bay Area Council Boy Scouts of America. This trust fund serves as a vital financial backbone, contributing to the organization's overall activities and missions. The primary goal of the trust is to provide financial assistance to the Boy Scouts of America council in the Bay Area, thereby enabling them to carry out their various programs and initiatives effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star
The Boy Scouts Of America Trust Fund Co Moody National Bank Trust has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its governance and accountability. With an overall score of 50%, the organization shows a lack of independent board members, which raises questions about oversight and decision-making processes.
Despite its shortcomings in governance, the organization does maintain a strong program expense ratio of 76.38%, indicating that a significant portion of its expenditures is directed towards its programs. However, the absence of essential policies, such as conflict of interest and whistleblower protections, suggests potential vulnerabilities in organizational integrity and transparency.
Moreover, the trust fund is noted to have no material diversion of assets, which is a positive aspect. Nevertheless, the missing elements, including a publicly accessible website and documented board meeting minutes, highlight a need for improvement in transparency and communication with stakeholders. Overall, while the organization performs well in some financial metrics, the lack of proper governance practices is a critical area that needs urgent attention.
This AI summary has been generated from information found on Charity Navigator.
Is Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300 legitimate?
Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300 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: $3,793
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300?
The Boy Scouts of America Trust Fund, managed by Moody National Bank Trust 1831061300, primarily serves the purpose of providing financial support to the Boy Scouts of America council in the Bay Area. Its mission is to contribute funds for the council's overall operations, aiming to support the organization's programs and initiatives. While the trust fund itself does not have a specific mission statement, its role is to bolster the operations and activities of the Bay Area Council Boy Scouts of America.
Who is the CEO of Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300?
Moody National Bank Trust Dept is the Trustee of Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300.
What is the revenue of Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300?
Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300's revenue in 2022 was $43,729.
Who are the executives of Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $3,793
- Related: $0
- Other: $0
Where can I find the form 990 for Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300?
Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300
The Boy Scouts of America Trust Fund, identified as Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300, is a dedicated entity that plays a significant role in supporting the Bay Area Council Boy Scouts of America. Its primary mission is to provide financial assistance for the council's general operations. This funding enables the Bay Area Council Boy Scouts of America to carry out its various activities and initiatives, ultimately contributing to the overall growth and development of the organization. By offering financial aid, the Boy Scouts of America Trust Fund serves as a vital partner in the Bay Area Council Boy Scouts of America's mission to foster leadership, teamwork, and character development in young individuals.
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Impact
August, 2024
The impact of the Boy Scouts Of America Trust Fund Co (Moody National Bank Trust 1831061300) is to provide financial support to the Bay Area Council Boy Scouts of America for their general council operations. This support helps the Boy Scouts organization in the Galveston, TX area to continue their mission of youth development and programming. The funds provided by this trust contribute to the growth and sustainability of the Boy Scouts programs in the local community.
This information is meant to be a general summary of Boy Scouts Of America Trust Fund Co Moody National Bank Trust 1831061300. 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: $43,729
- Gross Receipts: $84,937
Assets and Liabilities:
- Total Assets: $759,244
- Total Liabilities: $0
- Net Assets: $759,244
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Organization Details
Founding Year
1991
Phone
(409) 765-5561Principal Officer
Moody National Bank Trust Dept
Main Address
P O BOX 1139, GALVESTON, TX, 77553
NTEE Category
Code: O40 - Youth development
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