2026-07-15T13:49:19-05:00 2025-12-31 393647910 WIPFLI ADVISORY LLC 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2025-01-01 941156254 BOY SCOUTS OF AMERICA 55 SILICON VALLEY MONTEREY BAY COUNCIL BOYS 4086388300 1900 THE ALAMEDA STE 100 SAN JOSE CA 95126 MARK MCHADDON INTERIM SCOUT EXECUTIVE 4086388300 2026-06-26 1 MICHAEL J PETERSON CPA P01833529 2187224705 2026-06-26 2025 2025-03-06 01:10:19Z MARK MCHADDON 1900 THE ALAMEDA STE 100 SAN JOSE CA 95126 8962942 0 1761 X WWW.SVMBC.ORG X 1967 CA TO PREPARE YOUTH TO MAKE ETHICAL AND MORAL CHOICES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND SCOUT LAW. 51 51 120 6785 0 0 3227089 1852594 1827977 1851746 4964814 2062527 1097351 653670 11117231 6420537 61987 179043 0 0 3430614 3882491 61185 38500 1116492 3550859 3502740 7104645 7602774 4012586 -1182237 45702537 45756594 3319503 3416543 42383034 42340051 IT IS THE MISSION OF THE SILICON VALLEY MONTEREY BAY COUNCIL, SCOUTING AMERICA TO PREPARE YOUNG PEOPLE TO MAKE ETHICAL CHOICES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND SCOUT LAW. 0 0 5987979 179043 2547665 SCOUTING ACTIVITY HAS EXISTED IN SANTA CLARA COUNTY AS EARLY AS 1915 WHEN TROOP 2 IN LOS GATOS WAS FIRST CHARTERED BY THE NATIONAL COUNCIL. MORE THAN 100 YEARS LATER, SCOUTING CONTINUES TO GROW WITH OUR GREAT VALLEY. THE SILICON VALLEY MONTEREY BAY COUNCIL CURRENTLY SERVES 10,000 YOUTH ACROSS THE COUNTIES OF MONTEREY, SAN BENITO, SANTA CLARA AND SANTA CRUZ AND HAS TWO CAMPING FACILITIES. WE ARE COUNCIL #055 IN THE NATIONAL SERVICE TERRITORY 3 OF THE BOY SCOUTS OF AMERICA. 5987979 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 11 0 120 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 51 51 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X MICHAEL WILSON 4086388300 1900 THE ALAMEDA STE 100 SAN JOSE CA 95126 MIKE CATELANI TREASURER 4.00 X X 0 0 0 PETER LEMON EXECUTIVE VICE PRESIDENT 4.00 X X 0 0 0 STEPHEN HENKENMEIER COUNCIL PRESIDENT 4.00 X X 0 0 0 JEFF THOMPSON COUNCIL COMMISSIONER 4.00 X X 0 0 0 KEN BOWER VP FIELD OPERATIONS 4.00 X X 0 0 0 PAUL BRANNON VP CAPITAL PROJECTS 4.00 X X 0 0 0 EVE BRASFIELD VP PROGRAM 4.00 X X 0 0 0 RICHARD BRENNER VP ADMINISTRATION 4.00 X X 0 0 0 STEVE CARDINALLI VP MEMBERSHIP/REL 4.00 X X 0 0 0 JEFF CUSHMAN VP PHILANTHROPY 4.00 X X 0 0 0 DAVE HOLT VP DEI (THRU 6/25) 4.00 X X 0 0 0 TOM LACKOVIC VP AT LARGE 4.00 X X 0 0 0 MARK LAZZARINI VP AT LARGE 4.00 X X 0 0 0 JUSTIN LEISINGER VP AT LARGE 4.00 X X 0 0 0 DAVID LO VP BOARD DEVELOPMENT 4.00 X X 0 0 0 JENNIFER MEJIA VP CUSTOMER RELATIONS 4.00 X X 0 0 0 PAUL NAKAMOTO VP MARKETING 4.00 X X 0 0 0 TODD TREKELL VP PROPERTIES 4.00 X X 0 0 0 PAUL YACKINOUS VP SCOUTING FOR EVERYON 4.00 X X 0 0 0 CHRIS MCGUGAN IMMEDIATE PAST PRESIDENT 4.00 X X 0 0 0 MICHAEL WARREN LEGAL COUNCIL 4.00 X X 0 0 0 DAVID ADAMSKI BOARD MEMBER 2.00 X 0 0 0 PETER BAIRD BOARD MEMBER 2.00 X 0 0 0 JOH BALL BOARD MEMBER 2.00 X 0 0 0 JAMES BRENNER BOARD MEMBER 2.00 X 0 0 0 KRISTY BURCHARD DISTRICT CHAIR 2.00 X 0 0 0 PETER CHIU BOARD MEMBER 2.00 X 0 0 0 TRINA COFFMAN-GOMEZ DISTRICT CHAIR 2.00 X 0 0 0 MARGO COMBS BOARD MEMBER 2.00 X 0 0 0 WAYNE CUNNINGHAM DISTRICT CHAIR (THRU 6/25) 2.00 X 0 0 0 MARY DAMM BOARD MEMBER 2.00 X 0 0 0 MICHAEL DAVIS DISTRICT CHAIR 2.00 X 0 0 0 GEORGE DENISE BOARD MEMBER 2.00 X 0 0 0 CHUCK E ERICKSON BOARD MEMBER 2.00 X 0 0 0 DOUG ERICKSON BOARD MEMBER 2.00 X 0 0 0 CARMEN FULLER BOARD MEMBER 2.00 X 0 0 0 MICHAEL GABLER BOARD MEMBER 2.00 X 0 0 0 HAL HENDRICKSON BOARD MEMBER (THRU 6/25) 2.00 X 0 0 0 WILLIAM C JENNINGS BOARD MEMBER 2.00 X 0 0 0 JIM KIM BOARD MEMBER 2.00 X 0 0 0 DAN KRENT DISTRICT CHAIR 2.00 X 0 0 0 ROBERTSON KU DISTRICT CHAIR 2.00 X 0 0 0 RICK LEISINGER BOARD MEMBER 2.00 X 0 0 0 KATHI LUCAS BOARD MEMBER 2.00 X 0 0 0 DAVID MA BOARD MEMBER (THRU 6/25) 2.00 X 0 0 0 TIM MCLAUGHLIN BOARD MEMBER (THRU 6/25) 2.00 X 0 0 0 MICHAEL NGUYEN BOARD MEMBER 2.00 X 0 0 0 DICK NOACK BOARD MEMBER 2.00 X 0 0 0 RON NYDAM BOARD MEMBER 2.00 X 0 0 0 DAVID OKAMURA BOARD MEMBER 2.00 X 0 0 0 KAREN PECK BOARD MEMBER 2.00 X 0 0 0 TAM QUACH BOARD MEMBER 2.00 X 0 0 0 ANDREW RATERMANN BOARD MEMBER 2.00 X 0 0 0 DAN RUSANOWSKY BOARD MEMBER 2.00 X 0 0 0 ROBERT SAPIEN BOARD MEMBER 2.00 X 0 0 0 BOBBY TODA BOARD MEMBER 2.00 X 0 0 0 TODD TRAYER BOARD MEMBER (THRU 6/25) 2.00 X 0 0 0 ERIC TARBOX SCOUT EXECUTIVE/CEO 50.00 X 289436 0 26637 MICHAEL WILSON DEPUTY SCOUT EXECUTIVE 50.00 X 209170 0 12580 MARK MCHADDON DIRECTOR OF PHILANTHROPY 50.00 X 185923 0 18579 STEVEN SOLBERG DIRECTOR OF FIELD SERVICE 50.00 X 133187 0 8653 EVGENIA MIRFIELD DIRECTOR OF DEVELOPMENT 50.00 X 102753 0 33083 920469 0 99532 5 0 1 0 BOY SCOUTS OF AMERICA PO BOX 910505 DALLAS TX 753910505 BENEFITS AND CHARTER FEES 514208 BRANNON CORPORATION 10492 DOUGHERTY AVE MORGAN HILL CA 95037 CONSTRUCTION 257577 LC STATUTORY TRUST 251 LITTLE FALLS DRIVE WILMINGTON DE 19808 BENEFITS 214452 3 197 298451 1553946 106320 1852594 CAMPING REVENUE 713990 1457355 1457355 ACTIVITY REVENUE 713990 317373 317373 SCOUT SHOP RENTAL 713990 77018 77018 1851746 771653 771653 3121831 1830957 1290874 1290874 1290874 46793 298451 89042 -42249 -42249 977351 622406 354945 354945 REGISTRATION FEES 713990 261631 261631 INSURANCE PROCEEDS 524126 26504 26504 52839 52839 340974 6420537 2547665 0 2020278 179043 179043 537823 406576 55951 75296 2600243 2065139 93309 441795 295264 225504 14572 55188 174302 134029 7257 33016 274859 216487 12863 45509 19573 15666 861 3046 115444 24552 84664 6228 38500 38500 169484 169484 210032 192469 8895 8668 47827 38945 1903 6979 168620 103480 5285 59855 4780 3606 259 915 723377 630952 17906 74519 190480 144914 7372 38194 24310 20398 713 3199 122723 122723 595174 581168 3087 10919 191769 187571 925 3273 SUPPLIES 519502 402160 2054 115288 RECOGNITION AWARDS 188394 152458 3567 32369 RENT AND MAINTENANCE OF 85898 66482 2505 16911 125353 73657 4871 46825 7602774 5987979 498303 1116492 1413787 838124 918183 450450 291260 181658 7069 47066 700000 510000 38726 43269 125754 194448 20176989 3414964 16718537 16762025 24711897 26154456 777324 575098 45702537 45756594 2064197 2256323 233806 471513 244179 107213 777321 581494 3319503 3416543 X 27773765 26976984 14609269 15363067 42383034 42340051 45702537 45756594 X -1182237 1239254 -100000 X 0 1 X 1 0 X 3347800 3260437 3599707 3227089 1852594 15287627 3347800 3260437 3599707 3227089 1852594 15287627 1976586 13311041 217211 290252 425473 774345 771653 2478934 176901 85074 56837 318812 18085373 17073413 0.73600 0.76540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 24744705 76474 3105205 1578936 169484 26177964 19132346 5615195 1294538 1133848 163526 24744705 17587807 1461197 1127817 894059 150416 19132346 21697838 656115 -3426674 1204264 135208 17587807 22566391 3855728 4833073 9410530 146824 21697838 0.54040 0.15560 0.30400 1 0 4570659 4570659 13506672 2550806 10955866 138367 65139 73228 1579770 799019 780751 381521 381521 16762025 OPERATING LEASE LIABILITY 581494 581494 X 7984099 1239254 523385 1762639 6221460 169484 29593 199077 6420537 7927082 523385 -29593 493792 7433290 169484 169484 7602774 PART IV, LINE 2B: THE COUNCIL ACTS AS THE FISCAL SPONSOR FOR VARIOUS OTHER SCOUTING UNITS. AS THE FISCAL SPONSOR, THE COUNCIL COORDINATES THE FINANCIAL ACTIVITIES, THROUGH THE RECEIPT AND DISBURSEMENT OF FUNDS, ON BEHALF OF THE VARIOUS UNITS. REVENUE AND EXPENSES ARE NOT RECOGNIZED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND THE FUNDS ARE NOT AVAILABLE FOR OPERATING PURPOSES. CASH RECEIPTS IN EXCESS OF DISBURSEMENTS ARE REFLECTED IN THE CUSTODIAL ACCOUNTS LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. PART V, LINE 4: THE COUNCIL ADOPTED A BOARD-APPROVED SPENDING POLICY THAT ALLOWS THE OPERATING FUND TO RECEIVE AND RECOGNIZE INVESTMENT EARNINGS ORIGINATING FROM THE ENDOWMENT FUND. AS OF DECEMBER 31, 2025 AND 2024, THE BOARD APPROVED SPENDING POLICY WAS 5% OF THE PRIOR 3 YEARS ROLLING ENDING MARKET VALUE, NOT TO REDUCE THE FAIR MARKET VALUE BELOW THE CORPUS. IN ESTABLISHING THIS POLICY, THE COUNCIL CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE COUNCIL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT AN AVERAGE OF 5% ANNUALLY. THIS IS CONSISTENT WITH THE COUNCIL'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: THE COUNCIL ASSESSES WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION OF THE TECHNICAL MERITS OR THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THE TAX POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE COUNCIL RECORDED NO ASSETS OR LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 29,593. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -29,593. X X X X X X 1 NET EFFECT MEDIA INC 1004 AVONDALE STREET SAN JOSE CA 95129 SPECIAL EVENTS 0 0 38500 -38500 38500 -38500 CA SPORTING CLAYS 202108 177471 24637 16416 620 13980 GOLF OUTING 138946 117730 21216 5184 10640 12818 1 4190 3250 940 29384 345244 298451 46793 21600 11260 56182 89042 -42249 1 CAMPERSHIPS, LITERATURE, AND REGISTRATION ASSISTANCE 197 179043 PART I, LINE 2: THE COUNCIL AWARDS GRANT FUNDS TO SCOUTS THAT CANNOT PAY THE ENTIRE CAMP FEE IN WHOLE. X X X X 0 0 0 0 0 0 0 0 0 ERIC TARBOX SCOUT EXECUTIVE/CEO 289436 0 0 0 0 0 9834 0 16803 0 316073 0 0 0 MICHAEL WILSON DEPUTY SCOUT EXECUTIVE 209170 0 0 0 0 0 8611 0 3969 0 221750 0 0 0 MARK MCHADDON DIRECTOR OF PHILANTHROPY 185923 0 0 0 0 0 4315 0 14264 0 204502 0 0 0 PAUL BRANNON BOARD MEMBER 257577 CONSTRUCTION SERVICESTHIS TRANSACTION WAS REVIEWED BY THE BOARD PURSUANT TO CONFLICT OF INTEREST POLICIES AND APPROVED TO ENGAGE IN A CONSTRUCTION CONTRACT WITH THE BOARD MEMBER. 0 X 4 2125 FMV X AUCTION ITEMS 18 72790 FMV X PROGRAM SUPPLIES 65 12338 FMV X EQUIPMENT RENTAL 10 10620 FMV X CONSTRUCTION MATERIALS 5 8447 FMV 0 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 2 JUSTIN LEISINGER AND RICK LEISINGER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE COUNCIL'S TAX PREPARERS PROVIDE A DRAFT OF THE FORM 990 TO THE COUNCIL'S MANAGEMENT FOR REVIEW. UPON RECEIVING APPROVAL FROM MANAGEMENT, THE TAX PREPARERS PRESENT THE RETURN TO THE BOARD OF DIRECTORS TO ADDRESS HIGH LEVEL ISSUES AND COMMENTS. AFTER THE PRESENTATION, THE BOARD OF DIRECTORS REVIEWS THE RETURN IN DETAIL AND GIVES THEIR FEEDBACK. AFTER THE BOARD OF DIRECTORS' COMMENTS HAVE BEEN ADDRESSED, THE RETURN GOES BACK TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL. THE TAX PREPARERS ARE THEN GIVEN AUTHORIZATION TO FINALIZE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE COUNCIL REQUIRES THE BOARD OF DIRECTORS TO SIGN AN ACKNOWLEDGEMENT OF THE CONFLICT OF INTEREST POLICY ANNUALLY. NO MEMBER OF THE EXECUTIVE BOARD OR MEMBER OF ANY COMMITTEE THEREOF SHALL PARTICIPATE BY DISCUSSION, VOTING, OR BY ANY OTHER ACTION TAKEN BY THE EXECUTIVE BOARD OR ANY COMMITTEE THEREOF, IN THE ENACTMENT OF OR DEFEAT OF A MOTION WHICH RELATES TO ANY TRANSACTION WITH ANY RELATED PARTY. IN CASE ANY SUCH MATTER IS DISCUSSED AT ANY MEETING WHERE ANY EXECUTIVE BOARD OR COMMITTEE MEMBER WHO HAS SUCH AN INTEREST IS PRESENT, HE OR SHE SHALL PROMPTLY DISCLOSE THEIR INTEREST IN THE MATTER TO BE VOTED ON TO THE CHAIRMAN OF THE MEETING. THEY SHALL NOT VOTE ON THE MATTER AND AT THE DISCRETION OF THE DISINTERESTED MEMBERS PRESENT MAY BE REQUIRED TO LEAVE THE MEETING DURING THE DISCUSSION AND THE VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE COUNCIL'S COMPENSATION COMMITTEE IS RESPONSIBLE FOR REVIEWING AND APPROVING SALARIES. THE COMMITTEE EVALUATES THE COMPENSATION SURVEY RECEIVED FROM THE NATIONAL OFFICE, WHICH COMPARES SALARIES FOR SIMILAR POSITIONS IN THE AREA. BASED ON THIS INFORMATION THE COMMITTEE DETERMINES THE PROPRIETY OF THE COUNCIL SALARIES AND EMPLOYMENT CONTRACTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUESTS ONLY. FORM 990, PART XI, LINE 9: WRITE DOWN OF NOTE RECEIVABLE -100,000.