2022-11-15T17:12:26-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 801 CHERRY ST SUITE 1400 FORT WORTH TX 76102 990 2021-01-01 756104103 BOY SCOUT FOUNDATION LONGHORN COUNCIL BOYS 8172318500 P O BOX 54190 HURST TX 76054 WENDY SHAW SCOUT EXECUTIVE 8172318500 2022-11-15 1 WENDY SHAW 999009999 ROSALINDA MARIKAR CPA P01684134 8178775000 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X WENDY SHAW P O BOX 54190 HURST TX 76054 4409454 0 1761 X WWW.LONGHORNCOUNCIL.ORG X 1992 TX PROVIDE FINANCIAL ASSISTANCE AND ASSET MANAGEMENT ON BEHALF OF THE LONGHORN COUNCIL, BOY SCOUTS OF AMERICA. 8 8 0 8 0 0 5400 14010 0 0 3271179 3728307 27068 43705 3303647 3786022 1447029 1562056 0 0 0 0 0 0 0 234212 372267 1681241 1934323 1622406 1851699 52778277 60498593 2003481 2311022 50774796 58187571 THE BOY SCOUT FOUNDATION, LONGHORN COUNCIL WAS FORMED TO CREATE AND ADMINISTER AN ENDOWMENT FUND AND TO HOLD/OWN ASSETS OF PROPERTY FOR THE BENEFIT OF THE HEART O' TEXAS COUNCIL, BOY SCOUTS OF AMERICA, DBA LONGHORN COUNCIL BOY SCOUTS OF AMERICA. 0 0 1616429 1562056 THE FOUNDATION ADMINISTERS AN ENDOWMENT FUND FOR THE BENEFIT OF SCOUTING IN THE TERRITORY SERVED BY THE LONGHORN COUNCIL, UPON THE TERMS AND CONDITIONS STATED IN THE ACTS OF CONGRESS APPROVED JUNE 15, 1916 CREATING THE BOY SCOUTS OF AMERICA. DISCOVERY IS AT THE HEART OF SCOUTING. WHETHER IT'S A CAMPOUT, DERBY CAR RACE, OR HIKE ON THE TRAIL, EVERY ADVENTURE HELPS US UNCOVER A LITTLE MORE ABOUT OURSELVES. SCOUTING BUILDS THE FOUNDATIONS FOR HUMILITY AND COMPASSION - STRENGTHENING CHARACTER THROUGH ACTIONS - TO PREPARE YOUTH FOR A LIFETIME OF LEADERSHIP. SCOUTING TEACHES YOUTH TO CONFRONT ANY CHALLENGE WITH WHOLE HEARTS AND CLEAR MINDS - TO LIVE THEIR LIVES WITHOUT REGRET, NEVER BACK DOWN, AND DO THEIR VERY BEST. 1616429 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 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 8 8 0 0 1 0 0 1 0 1 0 0 0 0 1 1 0 0 1 0 0 0 X WENDY SHAW 8172318500 850 CANNON DRIVE HURST TX 76054 GREGORY BIRD PRESIDENT 2.00 X X 0 0 0 GLENN ADAMS DIRECTOR 1.00 5.00 X 0 0 0 JIM FINLEY DIRECTOR 1.00 X 0 0 0 BRIAN GUTIERREZ DIRECTOR 1.00 X 0 0 0 ROBERT HOLT JR DIRECTOR 1.00 X 0 0 0 PAUL LEONARD III DIRECTOR 1.00 X 0 0 0 JIM RYFFEL DIRECTOR 1.00 5.00 X 0 0 0 FROSTY TEMPEL DIRECTOR 1.00 X 0 0 0 WENDY SHAW SCOUT EXECUTIVE/SECRETARY 5.00 40.00 X 0 188772 44566 0 188772 44566 0 0 1 0 LUTHER KING CAPITAL MANAGEMENT 301 COMMERCE ST STE 1600 FORT WORTH TX 76102 INVESTMENT MANAGEMENT 204900 1 14010 14010 467226 467226 43705 43705 3884513 623432 3261081 3261081 3261081 3786022 0 0 3772012 1562056 1562056 37521 37521 9064 9064 261963 261963 54373 54373 5014 5014 REAL ESTATE TAXES 4332 4332 1934323 1616429 317894 0 36597 40675 5109409 2489698 2674086 2619711 50009040 57788691 58554 49516 52778277 60498593 2764 2003481 2308258 2003481 2311022 X 50211093 57618475 563703 569096 50774796 58187571 52778277 60498593 1851699 5561077 0 X 0 0 0 X X 1 BOY SCOUTS OF AMERICA COUNCIL 741157377 7 1 1562056 54373 1 1562056 54373 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 46385801 14010 9071126 1599577 18405 53852955 40784206 5400 7104352 1484549 23608 46385801 34814215 11873 8895791 2919825 17848 40784206 36839914 18354 -688967 1340468 14618 34814215 33228539 20182 4864033 1262520 10320 36839914 0.98943 0.01025 0.00032 0 0 1954349 1954349 2971305 2305943 665362 183755 183755 0 2619711 INVESTMENTS HELD FOR LONGHORN COUNCIL 2308258 2308258 PART V, LINE 4: ENDOWMENT FUNDS CONSIST OF INVESTMENTS IN PERPETUITY AND AMOUNTS HELD IN A CHARITABLE REMAINDER TRUST. 1 BOY SCOUTS OF AMERICA COUNCIL - LONGHORN COUNCIL 850 CANNON DRIVE HURST TX 76054 741157377 501(C)(3) 1562056 0 ASSISTANCE TO CONTROLLING ORGANIZATION 1 PART I, LINE 2: ANNUAL DISTRIBUTIONS IN ORDER TO ALLOW THE BOARD OF DIRECTORS OF THE COUNCIL (THE "COUNCIL BOARD") TO APPROPRIATELY BUDGET FUNDS AVAILABLE TO THE COUNCIL FROM THE FOUNDATION ON AN ANNUAL BASIS, THE FOUNDATION BOARD SHALL DETERMINE AT ITS FIRST MEETING EACH CALENDAR YEAR THE MAXIMUM AMOUNT THAT WILL BE AVAILABLE FOR DISTRIBUTION TO THE COUNCIL FROM THE FOUNDATION FOR THE FOLLOWING CALENDAR YEAR (THE "DISTRIBUTION YEAR"), REFERRED TO IN THIS DISTRIBUTION POLICY AS THE "MAXIMUM ANNUAL DISTRIBUTION." IN OTHER WORDS, THE MAXIMUM ANNUAL DISTRIBUTION FROM THE FOUNDATION FOR 2022 WILL BE DETERMINED IN THE FIRST QUARTER OF 2021. THE AMOUNT OF THE FUNDS TO BE REQUESTED BY THE COUNCIL FOR DISTRIBUTION FROM THE FOUNDATION (THE "REQUESTED ANNUAL DISTRIBUTION") SHOULD BE BUDGETED BY THE COUNCIL BOARD DURING ITS BUDGETARY PROCESS DURING THE YEAR PRECEDING THE APPLICABLE DISTRIBUTION YEAR. A REQUEST FOR SUCH AMOUNT FOR THAT YEAR SHALL BE COMMUNICATED TO THE FOUNDATION BOARD NO LATER THAN DECEMBER 1 PRIOR TO THE CALENDAR YEAR IN WHICH THE DISTRIBUTION WILL TAKE PLACE, SETTING FORTH A SCHEDULE (DETAILING AMOUNTS AND TIMING) OF THE REQUESTED ANNUAL DISTRIBUTION. THE REQUESTED ANNUAL DISTRIBUTION SHALL BE ONE OF MANY FACTORS TAKEN INTO ACCOUNT BY THE FOUNDATION BOARD IN DETERMINING THE AMOUNT TO BE DISTRIBUTED TO THE COUNCIL FOR THE APPLICABLE YEAR (THE "APPROVED ANNUAL DISTRIBUTION"). SCHEDULE I, PART II. PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: FUNDS ARE ONLY GRANTED TO THE BOY SCOUTS OF AMERICA COUNCIL LONGHORN COUNCIL, WHICH IS THE FOUNDATION'S SUPPORTED AND CONTROLLING ENTITY. A MINORITY OF THE FOUNDATION'S BOARD OF DIRECTORS ALSO SERVE ON THE COUNCIL'S BOARD OF DIRECTORS. THE MONITORING OF THE USE OF GRANT FUNDS IS THROUGH COMMUNICATION AND REPORTS FROM THE COUNCIL SCOUT EXECUTIVE NO LESS THAN TWICE A YEAR. 0 0 0 0 0 0 0 0 0 WENDY SHAW SCOUT EXECUTIVE/SECRETARY 0 188772 0 0 0 0 0 17571 0 26995 0 233338 0 0 COMPENSATION FROM UNRELATED ORGANIZATIONS THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION TO ESTABLISH COMPENSATION FOR THE ORGANIZATION'S PRESIDENT & CEO. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION: COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 4 BOY SCOUT FOUNDATION, LONGHORN COUNCIL, BOY SCOUTS OF AMERICA (THE "FOUNDATION"), ADOPTED A RESTATED CERTIFICATE OF FORMATION. THE RESTATED ARTICLES OF INCORPORATION ARE AMENDED BY THE RESTATED CERTIFICATE OF FORMATION AS FOLLOWS: A. ARTICLE 2 IS AMENDED IN PART TO LIST THE POWERS AND AUTHORITY OF THE FOUNDATION. B. ARTICLE 4 IS AMENDED IN PART TO CLARIFY AND FURTHER EMPHASIZE AND DOCUMENT THE PURPOSES OF THE FOUNDATION. C. ARTICLE 5 IS AMENDED IN PART TO SET FORTH THE ADDRESS OF THE FOUNDATION'S CURRENT REGISTERED OFFICE, AND THE NAME OF THE FOUNDATION'S CURRENT REGISTERED AGENT AT THAT OFFICE. D. ARTICLE 7 IS AMENDED IN PART TO PROVIDE THAT THE BOARD OF DIRECTORS OF THE FOUNDATION SHALL BE THE GOVERNING BODY OF THE FOUNDATION, TO SET FORTH THE COMPOSITION OF THE BOARD OF DIRECTORS AND THE MANNER IN WHICH DIRECTORS ARE ELECTED, AND TO LIST NARNES AND ADDRESSES OF THE CURRENT DIRECTORS. E. ARTICLE 8 IS AMENDED IN PART TO UPDATE THE LIMITATION OF A DIRECTOR'S PERSONAL LIABILITY TO THE FOUNDATION EXCEPT AS DESCRIBED THEREIN. F. ARTICLE 9 IS DELETED IN ITS ENTIRETY, AND NEW ARTICLE 9 IS ADDED TO PROHIBIT POLITICAL AND LOBBYING ACTIVITIES. G. ARTICLE 10 IS AMENDED IN PART TO UPDATE THE PROVISIONS FOR THE MAXIMUM INDEMNIFICATION OF THE OFFICERS AND DIRECTORS OF THE FOUNDATION THAT IS PERMISSIBLE UNDER TEXAS LAW. H. NEW ARTICLE 11 IS ADDED TO SET FORTH THE PROVISIONS REGARDING THE DISTRIBUTION OF ASSETS OF THE FOUNDATION IN THE EVENT OF ITS DISSOLUTION. L. NEW ARTICLE 12 IS ADDED TO SET FORTH THE FEDERAL TAX PRIVATE FOUNDATION RESTRICTIONS. M. NEW ARTICLE 13 IS ADDED TO PROHIBIT PRIVATE INUREMENT. N. NEW ARTICLE 14 IS ADDED TO AUTHORIZE ACTIONS BY LESS THAN UNANIMOUS WRITTEN CONSENT. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF LONGHORN COUNCIL, BOY SCOUTS OF AMERICA APPROVE THE NOMINATION OF MEMBERS TO SERVE ON THE BOARD OF DIRECTORS FOR THE BOY SCOUT FOUNDATION, LONGHORN COUNCIL FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY TOP MANAGEMENT BEFORE IT IS FILED WITH THE IRS. ONCE THE FILING HAS OCCURRED, THE FORM 990 IS PROVIDED TO THE BOARD FOR THEIR INFORMATION. FORM 990, PART VI, SECTION B, LINE 12 BOARD MEMBERS MUST DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ANNUALLY. SHOULD THEY BECOME AWARE OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THEY ARE EXPECTED TO RECUSE THEMSELVES FROM THE DISCUSSION AND ANY DECISIONS MADE ON THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND OTHER DOCUMENTS ARE IN THE COUNCIL OFFICE TO BE REVIEWED AS THE LAW REQUIRES. BOY SCOUTS OF AMERICA COUNCIL - LONGHORN COUNCIL 850 CANNON DRIVE HURST TX 76054 741157377 BOY SCOUTING TX 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0