2025-09-19T10:38:01-05:00 2024-12-31 831819454 VRAKAS ADVISORS LLC 6309 60TH STREET SUITE 200 KENOSHA WI 53144 990 2024-01-01 396042137 MILWAUKEE BOY SCOUT FUND MILW 4147741776 330 SOUTH 84TH STREET MILWAUKEE WI 53214 JOHN HERBERS CHAIR/TRUSTEE 4147741776 2025-09-09 1 1 PETER J SINSKY P00031015 2627970400 2024 2025-03-06 01:10:19Z JOHN HERBERS 330 S 84TH STREET MILWAUKEE WI 53214 21509582 0 1761 X N/A X 1939 WI THE MILWAUKEE BOY SCOUT FUND PROVIDES FINANCIAL SUPPORT FOR SCOUTING OPERATIONS IN SCOUTING AMERICA THREE HARBORS COUNCIL. 9 9 0 0 0 0 2000 381295 0 0 -839966 1561171 0 0 -837966 1942466 0 0 0 0 0 0 0 0 94264 649349 628431 649349 628431 -1487315 1314035 18482881 20607367 3810 355 18479071 20607012 THE MILWAUKEE BOY SCOUT FUND PROVIDES FINANCIAL SUPPORT FOR SCOUTING OPERATIONS IN SCOUTING AMERICA THREE HARBORS COUNCIL. 0 0 452469 THREE HARBORS COUNCIL HAS A BOARD APPROVED SPENDING POLICY THAT AUTHORIZES THE COUNCIL TO BUDGET FOR AND MAKE ANNUAL DISBURSEMENTS FROM ITS ENDOWMENT FUNDS FOR OPERATING EXPENSES OR CAPITAL EXPENDITURES IN AN AMOUNT UP TO 5% OF A 20-QUARTER ROLLING AVERAGE OF THE MARKET VALUES OF THE TOTAL ASSETS IN THE ENDOWMENT FUND, IN COMPLIANCE WITH ANY APPLICABLE RESTRICTIONS. 452469 1 1 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 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/OFFICER 1.00 49.00 X 0 229389 5728 0 229389 5728 0 0 1 0 0 381295 381295 361244 361244 20767043 19567116 1199927 1199927 1199927 1942466 0 0 1561171 628431 452469 81698 94264 628431 452469 81698 94264 320519 316833 14298 5764 17881836 20008893 266228 275877 18482881 20607367 3810 355 3810 355 X 14508252 16245249 3970819 4361763 18479071 20607012 18482881 20607367 X 1314035 825434 -11528 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 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6262101 381295 6643396 6260101 2000 6262101 6230101 30000 6260101 6225695 4406 6230101 6224695 1000 6225695 1.00000 0 1 1 0 X PART V, LINE 4: THREE HARBORS COUNCIL HAS A BOARD APPROVED SPENDING POLICY THAT AUTHORIZES THE COUNCIL TO BUDGET FOR AND MAKE ANNUAL DISBURSEMENTS FROM ITS ENDOWMENT FUNDS FOR OPERATING EXPENSES OR CAPITAL EXPENDITURES IN AN AMOUNT UP TO 5% OF A 20-QUARTER ROLLING AVERAGE OF THE MARKET VALUES OF THE TOTAL ASSETS IN THE ENDOWMENT FUND, IN COMPLIANCE WITH ANY APPLICABLE RESTRICTIONS. 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, 2024 AND 2023. 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, 2024 AND 2023, 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, 2024, TAX YEARS OPEN TO EXAMINATION BY TAX AUTHORITIES UNDER THE STATUTES OF LIMITATIONS INCLUDE YEARS ENDED DECEMBER 31, 2020 THROUGH DECEMBER 31, 2024. 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/OFFICER 0 229389 0 0 0 0 0 0 0 5728 0 235117 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: 2024 FUNDS TRANSFER TO COUNCIL -11,528. 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