2024-11-11T13:12:50-06:00 2023-12-31 561220683 POTTER& COMPANY PA 434 COPPERFIELD BLVD NE STE A CONCORD NC 28025 990 2023-01-01 560532132 BOY SCOUTS OF AMERICA CENTRAL NC COUNCIL #416 BOYS 7049820141 PO BOX 250 ALBEMARLE NC 280020250 MIKE KING COUNCIL PRESIDENT 7049820141 2024-11-07 1 0 DANIEL MORROW CPA P01353124 7047868189 2023 2024-10-15 13:58:12Z STUART WILLIAMS PO BOX 250 ALBEMARLE NC 280020250 2807444 0 X WWW.CENTRALNCSCOUTING.ORG X 1940 NC THE MISSION OF THE BSA IS TO PREPARE YOUNG PEOPLE TO MAKE ETHICAL DECISIONS OVER THEIR LIFETIMES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND LAW. 43 43 61 0 0 0 1028378 734898 340923 349178 67380 169507 222287 401977 1658968 1655560 0 0 0 0 697263 709730 0 0 192311 2263531 1049538 2960794 1759268 -1301826 -103708 8783596 8871115 1439371 1393494 7344225 7477621 X THE MISSION OF THE BSA IS TO PREPARE YOUNG PEOPLE TO MAKE ETHICAL DECISIONS OVER THEIR LIFETIMES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND LAW. THE BSA PROGRAM SEEKS TO POSITIVELY IMPACT YOUTH RISK BEHAVIORS, JUVENILE CRIME, SCHOLASTIC SUCCESS, SELF-SUFFICIENCY AND CHARACTER DEVELOPMENT BY PROVIDING A COMPREHENSIVE, PREVENTATIVE YOUTH DEVELOPMENT PROGRAM THAT WILL STRONGLY INFLUENCE A YOUTH'S ETHICAL DECISION-MAKING, SOCIAL AND LIFE SKILLS RESULTING IN THEIR DEVELOPING INTO HEALTHY, PRODUCTIVE CITIZENS IN OUR COMMMUNITY. 0 0 1410197 631692 CAMPING AND OTHER SCOUT UNIT ACTIVITIES 1410197 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 61 1 0 0 0 0 0 0 0 0 0 0 X 43 43 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X X STUART WILLIAMS 7049820141 32252 HIGHWAY 24/27 ALBEMARLE NC 28002 SCOTT ELLIOTT VP FINANCE 2.00 X X 0 0 0 RAY ALLEN VP RISK MANAGEMENT 2.00 X X 0 0 0 BOB MCGOWAN COUNCIL COMMISSIONER 2.00 X X 0 0 0 TODD PHILLIPS LEGAL COUNSEL 2.00 X 0 0 0 JOE HORTON PAST PRESIDENT 2.00 X X 0 0 0 DEREK HODGE VP PROPERTIES 2.00 X X 0 0 0 BOB BRANNAN VP OF ENDOWMENT 2.00 X X 0 0 0 STUART WILLIAMS SCOUT EXECUTIVE 40.00 X 144667 0 29431 MARNY HENDRICK VP COUNCIL RELATIONS 2.00 X X 0 0 0 MIKE KING PRESIDENT 2.00 X X 0 0 0 MICHAEL HANZIK VP LEADERSHIP 2.00 X X 0 0 0 KRISTEL SWAYZE VP MARKETING 2.00 X X 0 0 0 JUSTIN FISHER VP MEMBERSHIP 2.00 X X 0 0 0 DAN OVERCASH VP PROGRAM 2.00 X X 0 0 0 DAVID GORDON TREASURER 2.00 X X 0 0 0 144667 0 29431 1 0 1 0 0 734898 734898 CAMPING 900099 240502 240502 ACTIVITIES 900099 108676 108676 349178 159556 159556 963935 953984 9951 9951 9951 299566 180103 119463 119463 14645 17797 -3152 -3152 OTHER 900099 285666 285666 285666 1655560 631692 0 288970 X 553197 459154 19362 74681 116061 96332 4062 15667 40472 33592 1417 5463 185113 113331 50155 21627 137445 130625 1637 5183 37084 31892 1113 4079 30797 20942 1447 8408 69244 69244 144183 144183 47729 39138 5727 2864 SUPPLIES 167907 129507 323 38077 RECOGNITION AWARDS 84807 84807 EQUIPMENT RENTAL & MAIN 76447 68036 655 7756 OTHER EXPENSE 26897 23131 807 2959 41885 35527 811 5547 1759268 1410197 156760 192311 1945091 1826673 175120 159951 66690 148652 1642830 1596970 42608 54470 75847 56130 5508210 3253049 2298907 2255161 2407342 2643220 129161 129888 8783596 8871115 35879 62178 10100 1900 1281752 1225743 111640 103673 1439371 1393494 X 3687313 3705386 3656912 3772235 7344225 7477621 8783596 8871115 -103708 237105 0 X 0 1 X 1 0 X 1346527 940415 1334907 1028378 1210338 5860565 1346527 940415 1334907 1028378 1210338 5860565 5860565 77060 151614 149891 67380 159556 605501 151831 65823 129657 222287 285666 855264 7321330 837992 0.80050 0.83930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 1 1951050 236603 2187653 2348759 2000 -399709 1951050 2484470 140971 -276682 2348759 2089469 4100 390901 2484470 1797418 22000 270051 2089469 0 0 483651 483651 2494358 1268780 1225578 364476 188516 175960 939263 857207 82056 1226462 938546 287916 2255161 CUSTODIAN ACCOUNTS 103673 103673 X 1892665 237105 237105 1655560 0 1655560 1759268 0 1759268 0 1759268 PART II, LINE 3: CONSERVATION EASEMENTS REPRESENT RESTRICTIONS ON THE USE, SUBDIVISION AND/OR DEVELOPMENT OF CERTAIN PARCELS. GIFTS OF CONSERVATION EASEMENTS ARE RECOGNIZED AS REVENUE AND PROGRAM EXPENSES IN EQUAL AMOUNTS UPON ACQUISITION BASED ON THE ESTIMATED FAIR VALUE OF THE EASEMENT AT THE DATE OF THE DONATION OF THE EASEMENT. PART V, LINE 4: THE CORPUS OF BSA'S ENDOWMENT FUNDS MUST REMAIN IN PLACE. ENDOWMENT FUND INTEREST IS INTENDED TO SUPPORT THE GENERAL FINANCIAL OPERATIONS OF THE COUNCIL AND SPECIAL DIRECT, YOUTH-DESIGNATED ASSISTANCE AS DIRECTED BY THE EXECUTIVE BOARD AND/OR DONOR. THE BOARD HAS THE DISCRETION TO DISPERSE UP TO 5% OF THE INVESTMENT EARNINGS ANNUALLY. PART X, LINE 2: THE ORGANIZATION HAS ADOPTED ASC 740-10, AS IT RELATES TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 AND HAS EVAULATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. PART II LINE 9 CONSERVATION EASEMENTS REPRESENT RESTRICTIONS ON THE USE, SUBDIVISION AND/OR DEVELOPMENT OF CERTAIN PARCELS. GIFTS OF CONSERVATION EASEMENTS ARE RECOGNIZED AS REVENUE AND PROGRAM EXPENSES IN EQUAL AMOUNTS UPON ACQUISITION BASED ON THE ESTIMATED FAIR VALUE OF THE EASEMENT AT THE DATE OF THE DONATION OF THE EASEMENT. POPCORN SALES AND GIFT CARDS 251561 251561 152895 OTHER FUNDRAISING 48005 48005 27208 299566 299566 180103 180103 119463 X 0 0 0 0 0 0 0 0 0 STUART WILLIAMS SCOUT EXECUTIVE 144667 0 0 0 0 0 15865 0 13566 0 174098 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ACTIVE MEMBERS MAY ELECT THE MEMBERS OF THE GOVERNING BODY AND APPROVE SIGNIFICANT DECISIONS MADE BY THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A ACTIVE MEMBERS MAY ELECT MEMBERS AT LARGE, REGULAR MEMBERS OF THE EXECUTIVE BOARD AND OFFICERS OF THE CORPORATION OTHER THAN THE SCOUT EXECUTIVE. FORM 990, PART VI, SECTION A, LINE 7B ACTIVE MEMBERS MAY VOTE AT THE ANNUAL MEETING TO RECEIVE AND APPROVE FINANCIAL STATEMENTS SHOWING THE FINANCIAL POSITION OF THE CORPORATION AS OF THE CLOSE OF ITS MOST RECENT COMPLETE FISCAL YEAR END AND THE RESULTS OF ITS OPERATIONS DURING SUCH YEAR, AND TRANSACTING SUCH OTHER BUSINESS AS MAY COME BEFORE THE MEETING. ACTIVE MEMBERS MAY MOVE IN OTHER REGULAR MEETINGS AND SPECIAL MEETNGS, INCLUDING PROPOSALS TO MERGE OR CONSOLIDATE. FORM 990, PART VI, SECTION B, LINE 11B A VOLUNTEER BOARD AUDIT COMMITTEE REVIEWS THE AUDIT AND REPORTS TO THE FULL BOARD. AN INDEPENDENT ACCOUNTING FIRM APPROVED BY THE EXECUTIVE BOARD MAKES AN ANNUAL AUDIT PRESENTATION AND REVIEW IN PERSON TO THE COUNCIL AUDIT COMMITTEE AND FULL EXECUTIVE BOARD. FORM 990, PART VI, SECTION B, LINE 12C OVERSIGHT BY THE EXECUTIVE DIRECTOR OF EMPLOYEES AND OVERSIGHT BY A VOLUNTEER FINANCE COMMITTEE OVERSEEING FINANCIAL OPERATIONS AND ADMINISTRATION OF THE COUNCIL AND DIRECT OVERSIGHT OF EXECUTIVE DIRECTOR IN FOLLOWING NATIONAL BSA POLICY. NATIONAL BSA CONDUCTS AN ANNUAL CHARTER REVIEW OF THE LOCAL COUNCIL TO ENSURE POLICIES AND PROCEDURES ARE IN PLACE AND ADHERED TO. FORM 990, PART VI, SECTION B, LINE 15 THE NATIONAL BOY SCOUTS OF AMERICA DETERMINES ALL SALARY RANGES FOR ALL PROFESSIONAL EMPLOYEES INCLUDING THE EXECUTIVE DIRECTOR POSITION BASED ON POSITION, RESPONSIBILITIES AND GEOGRAPHIC LOCATION. THE LOCAL COUNCIL BOARD OF DIRECTOR'S HAVE GUIDELINES AND THE FULL RESPONSIBILITY TO ENSURE ALL PROFESSIONAL EMPLOYEES ARE WITHIN THE RECOMMENDED RANGES. THIS IS ALSO MONITORED AND ENFORCED BY THE NATIONAL B.S.A. PERSONNEL DEPARTMENT. THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED ON ANNUAL BASIS BY A VOLUNTEER COMPENSATION COMMITTEE. THE SCOUT EXECUTIVE PRIOR TO COMMITTEE REVIEW RECEIVES A PERFORMANCE EVALUATION BY THE VOLUNTEER COUNCIL PRESIDENT AND A NATIONAL B.S.A. AREA DIRECTOR. THE PERFORMANCE REVIEW IS THEN SHARED WITH THE COMPENSATION COMMITTEE. ALL OTHER EMPLOYEES ALSO HAVE AN ANNUAL PERFORMANCE REVIEW CONDUCTED BY MANAGEMENT STAFF WHICH IS THEN SHARED WITH THE COMPENSATION COMMITTEE. THE COMMITTEE RECOMMENDS AND APPROVES ALL SALARIES. IN 2008, THE NATIONAL BOY SCOUTS OF AMERICA RETAINED THE COMPANY OF TOWERS PERRIN TO ASSESS THE BSA'S COMPENSATION AND BENEFITS PROGRAM FOR THE LOCAL COUNCILS' SCOUT EXECUTIVE/EXECUTIVE DIRECTOR POSITION WITH THE OBJECTIVES OF INSURING THE ALIGNMENT OF THE PROGRAM WITH THE MARKET AND TO SUPPORT LOCAL SCOUT COUNCILS' COMPLIANCE WITH THE REGULATIONS DEFINED IN THE INTERNAL REVENUE CODE SECTION 4958, WHICH SETS GUIDELINES FOR COMPENSATING OFFICIALS OF TAX EXEMPT ORGANIZATIONS. TOWERS PERRIN DETERMINED THAT THE TOTAL COMPENSATION PROGRAM AND POLICIES DEVELOPED BY THE NATIONAL B.S.A. BEING USED IN LOCAL COUNCILS (BOTH IN AGGREGATE AND BY COMPONENT) ARE CONSISTENT WITH MARKET PRACTICE AND INDUSTRY STANDARDS. THEY ALSO REPORTED IF LOCAL COUNCILS UTILIZE THE PROGRAM AS DEFINED AND FOLLOW APPROPRIATE PROCEDURES REGARDING COMPENSATION DECISION MAKING FOR INDIVIDUAL SCOUT EXECUTIVES/EXECUTIVE DIRECTORS, LOCAL COUNCILS WOULD BE IN COMPLIANCE WITH IRS CODE SECTION 4958. THE CENTRAL NC COUNCIL IN 2010 WAS IN COMPLIANCE WITH ALL BSA AND IRS POLICIES REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FOREGOING ARE MADE AVAILABLE UPON REQUEST. PRIOR YEARS' FINANCIAL INFORMATION IS AVAILABLE VIA BETTER BUSINESS BUREAU WEBSITE. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 113,331. MANAGEMENT AND GENERAL EXPENSES 5,597. FUNDRAISING EXPENSES 21,627. TOTAL EXPENSES 140,555. NATIONAL CHARTER FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 44,558. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,558.