2024-09-12T13:40:25-05:00 2023-12-31 831819454 VRAKAS ADVISORS LLC 6309 60TH STREET SUITE 200 KENOSHA WI 53144 990 2023-01-01 396042137 MILWAUKEE BOY SCOUT FUND MILW 4147741776 330 SOUTH 84TH STREET MILWAUKEE WI 53214 JOHN HERBERS CHAIR/TRUSTEE 4147741776 2024-09-11 1 1 PETER J SINSKY P00031015 2627970400 2023 2024-08-08 14:25:15Z JOHN HERBERS 330 S 84TH STREET MILWAUKEE WI 53214 9895460 0 1761 X N/A X 1939 WI THE MILWAUKEE BOY SCOUT FUND MANAGES THE INVESTMENTS FOR AND PROVIDES FINANCIAL SUPPORT TO THREE HARBORS COUNCIL, INC., BOY SCOUTS OF AMERICA. 9 9 0 8 0 0 30000 2000 0 0 593594 -839966 0 0 623594 -837966 0 0 0 0 0 0 0 0 97402 4269200 649349 4269200 649349 -3645606 -1487315 11756950 18482881 0 3810 11756950 18479071 THE MILWAUKEE BOY SCOUT FUND MANAGES THE INVESTMENTS FOR AND PROVIDES FINANCIAL SUPPORT TO THREE HARBORS COUNCIL, INC., BOY SCOUTS OF AMERICA. 0 0 467531 THE FUND PROVIDES LAND, LAND IMPROVEMENTS, BUILDINGS, CAMPSITES AND FINANCIAL SUPPORT FOR SCOUTING OPERATIONS IN THREE HARBORS COUNCIL, BSA. 467531 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 WI X MARIANNE MIKUSH 4147741776 330 S 84TH STREET MILWAUKEE WI 53214 JOHN A HERBERS CHAIR/TRUSTEE 1.00 1.00 X 0 0 0 DANIEL TRANCHITA TRUSTEE 1.00 1.00 X 0 0 0 KEITH BURNS TRUSTEE 1.00 1.00 X 0 0 0 DR BRYAN ALBRECHT TRUSTEE 1.00 1.00 X 0 0 0 CHRISTOPHER LAYDEN TRUSTEE 1.00 1.00 X 0 0 0 THOMAS MAHONEY TRUSTEE 1.00 1.00 X 0 0 0 JOHN DONAHUE TRUSTEE 1.00 1.00 X 0 0 0 ROBERT BUKOWSKI TRUSTEE 1.00 1.00 X 0 0 0 JON BARANKO TRUSTEE 1.00 1.00 X 0 0 0 ANDREW HARDIN SCOUT EXECUTIVE/CEO-OFFICE 1.00 49.00 X 0 218347 5188 0 218347 5188 0 0 1 0 0 2000 2000 250566 250566 9642894 9473015 1260411 169879 -1260411 -1090532 -1260411 169879 -837966 -1260411 0 420445 612159 440754 79581 91824 37190 26777 4835 5578 649349 467531 84416 97402 368925 320519 8500 14298 0 0 1297601 0 9829093 17881836 252831 266228 11756950 18482881 3810 0 3810 X 7801528 14508252 3955422 3970819 11756950 18479071 11756950 18482881 X -1487315 1703067 6506369 X 0 1 X 1 0 X X 1 THREE HARBORS COUNCIL BOY SCOUTS OF AMERICA 453321626 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 6260101 2000 6262101 6230101 30000 6260101 6225695 4406 6230101 6224695 1000 6225695 4125032 2099663 6224695 1.00000 0 1 1 0 X PART V, LINE 4: THE ENDOWMENT FUND PROVIDES FUNDING FOR SCOUTING OPERATIONS AND CAPITAL IMPROVEMENTS IN THREE HARBORS COUNCIL, BSA. PART X, LINE 2: THE COUNCIL GENERALLY IS EXEMPT FROM BOTH FEDERAL AND WISCONSIN INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) THROUGH A GROUP RULING OBTAINED BY THE BOY SCOUTS OF AMERICA NATIONAL COUNCIL. HOWEVER, THE COUNCIL IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME, OF WHICH THE COUNCIL HAD AN INSIGNIFICANT AMOUNT IN THE YEARS ENDED DECEMBER 31, 2023 AND 2022. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE STATEMENT OF ACTIVITIES. UNDER FASB ASC 740, INCOME TAXES, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE COUNCIL DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. THE COUNCIL FILES INFORMATIONAL RETURNS IN THE UNITED STATES FEDERAL JURISDICTION AND IN THE STATE OF WISCONSIN. AS OF DECEMBER 31, 2023, TAX YEARS OPEN TO EXAMINATION BY TAX AUTHORITIES UNDER THE STATUTES OF LIMITATIONS INCLUDE YEARS ENDED DECEMBER 31, 2019 THROUGH DECEMBER 31, 2023. NONE OF THE COUNCIL'S FEDERAL OR STATE INFORMATIONAL RETURNS ARE CURRENTLY UNDER EXAMINATION. 0 0 0 0 0 0 0 0 0 ANDREW HARDIN SCOUT EXECUTIVE/CEO-OFFICE 0 218347 0 0 0 0 0 0 0 5188 0 223535 0 0 PART I, LINE 3 THE ORGANIZATION DOES NOT HAVE EMPLOYEES. ALL COMPENSATION POLICES AND PROCEDURES ARE THOSE OF THE THREE HARBORS COUNCIL, INC., BOYS SCOUTS OF AMERICA, A RELATED PARTY. FORM 990, PART VI, SECTION A, LINE 7A THE TRUSTEES ARE SELECTED BY THE EXECUTIVE BOARD OF THREE HARBORS COUNCIL, INC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE COUNCIL'S AUDIT COMMITTEE PRIOR TO REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE CHAIRMAN THEN PRESENTS THE APPROVED FINAL DRAFT OF THE FORM 990 AT A MEETING OF THE COUNCIL'S EXECUTIVE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES REGULARLY MONITOR POTENTIAL VIOLATIONS OF THE CONFLICT OF INTEREST POLICY TO INSURE TRUSTEES ARE FREE FROM THE INFLUENCE OF ANY CONFLICTING INTEREST WHEN THEY ACT ON BEHALF OF THE TRUST. MANDATORY DISCLOSURE OF ANY CONFLICTS IS REQUIRED. MEETING MINUTES ARE REQUIRED TO REFLECT ANY CONFLICT OF INTEREST DISCLOSURES AND THAT A PERSON WITHDREW FROM PARTICIPATION AND CONSIDERATION OF THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: 2023 FUNDS TRANSFER FROM COUNCIL 6,506,369. THREE HARBOR'S COUNCIL INC BOY SCOUTS 330 S 84TH STREET MILWAUKEE WI 53214 453321626 YOUTH SERVICE WI 501(C)(3) LINE 7 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0