2014-08-13T15:14:47-05:00 2013-12-31 161375790 DEJOY KNAUF & BLOOD LLP 39 STATE STREET SUITE 600 ROCHESTER NY 14614 990 2013-01-01 166122899 BOY SCOUTS OF AMERICA COUNCIL 397 ENDOWMENT FUND BOYS 5852444210 2320 BRIGHTON HENRIETTA TOWNLINE RD ROCHESTER NY 14623 FRANK STRONG CHAIR 5852444210 2014-08-11 1 TIMOTHY P THANEY CPA P01231250 5855461840 2014-08-11 2013 2015-11-30 17:44:51Z X FRANK STRONG 2320 BRIGHTON HENRIETTA TOWNLINE RD ROCHESTER NY 14623 1296416 0 X WWW.SENECAWATERWAYS.ORG X 1952 NY ENDOWMENT FUND TO SUPPORT THE ACTIVITIES AND PROGRAMS OF SENECA WATERWAYS COUNCIL, INC., BOY SCOUTS OF AMERICA. 11 11 0 11 0 0 325396 463179 387 0 473925 833237 0 0 799708 1296416 0 0 0 0 0 0 0 0 0 97081 103729 97081 103729 702627 1192687 14644874 16269013 17722 61523 14627152 16207490 ENDOWMENT FUND TO SUPPORT THE ACTIVITIES AND PROGRAMS OF SENECA WATERWAYS COUNCIL, INC., BOY SCOUTS OF AMERICA. 0 0 103729 THE TRUST FUND IS FOR THE BENEFIT OF THE SENECA WATERWAYS COUNCIL, INC. WITH 5.5% OF THE AVERAGE ASSET VALUE OF THE PREVIOUS 20 QUARTERS USED TO SUPPORT THE SENECA WATERWAYS COUNCIL ALONG WITH ANY OTHER SPECIFIC BEQUESTS. 103729 1 1 0 0 0 0 0 0 0 1 0 1 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 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X LORI WILKES 5852444210 2320 BRIGHTON HENRIETTA TOWNLINE RD ROCHESTER NY 14623 FRANK STRONG CHAIR 1.00 X X 0 0 0 FRANK CREGO BOARD MEMBER 1.00 X 0 0 0 ROBERT SCHICK BOARD MEMBER 1.00 X 0 0 0 DAVID KLEIN BOARD MEMBER 1.00 X 0 0 0 BURTON AUGUST BOARD MEMBER 1.00 X 0 0 0 RICHARD FOX BOARD MEMBER 1.00 X 0 0 0 PETER PAPE BOARD MEMBER 1.00 X 0 0 0 DAVID LIPPITT BOARD MEMBER 1.00 X 0 0 0 THOMAS RUSLING BOARD MEMBER 1.00 X 0 0 0 THOMAS RICHARDS BOARD MEMBER 1.00 X 0 0 0 LOUIS LANGIE JR BOARD MEMBER 1.00 X 0 0 0 STEPHEN HOITT SECRETARY/TREASURER 2.00 38.00 X 0 139668 22264 0 139668 22264 0 0 1 0 0 463179 463179 83597 83597 749640 0 749640 749640 749640 1296416 0 0 833237 X 61248 61248 42481 42481 103729 103729 0 0 96054 60821 3597 200 450 0 11643861 12941876 2621167 2982043 279745 284073 14644874 16269013 17722 61523 17722 61523 X 3109072 4081124 4550246 5099478 6967834 7026888 14627152 16207490 14644874 16269013 X 1192687 1101354 -713703 X 0 1 X 1 0 X X X 0 0 0 SENECA WATERWAYS COUNCIL INC BOY SCOUTS OF AMERICA 160743108 1 1 1 713703 1 713703 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14265028 151767 2203177 696053 15923919 12877909 404153 1690116 707150 14265028 13973298 269927 -565375 799311 12877909 13039988 305501 1055476 427667 13973298 11531003 81436 2648619 1081281 139789 13039988 0.24000 0.44000 0.32000 0 0 0 CASH 254853 C ALTERNATIVE INVESTMENTS 2727190 F 2982043 X 2397770 1101354 1101354 1296416 0 1296416 103729 0 103729 0 103729 PART V, LINE 4: THE ENDOWMENT HAS ADOPTED INVESTMENT AND SPENDING PROCEDURES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS ADMINISTERED BY THE SENECA WATERWAYS COUNCIL WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE GOAL IS TO PROVIDE AN INVESTMENT RETURN THAT EXCEEDS THE UNMANAGED MARKET RETURN WHILE REDUCING MARKET RISK THROUGH DIVERSIFICATION. PART X, LINE 2: THE ENDOWMENT FUND IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE (THE CODE) SECTION 501(C)(3) AND NEW YORK STATE LAW AS A CHARITABLE ORGANIZATION, WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE IS SUBJECT TO FEDERAL INCOME TAX. THE ENDOWMENT FUND CURRENTLY HAS NO UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. THE ENDOWMENT FUND HAS BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION. THE ENDOWMENT FUND IS REQUIRED TO FILE ANNUAL RETURNS WITH FEDERAL AND NEW YORK STATE TAXING AUTHORITIES. AT DECEMBER 31, 2013, THE FEDERAL AND STATE ANNUAL RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY THE RESPECTIVE AUTHORITIES FOR THE YEARS PRIOR TO 2010. MANAGEMENT HAS DETERMINED THAT THE ENDOWMENT FUND HAS NO UNCERTAIN TAX POSITIONS, INCLUDING THE TAX-EXEMPT STATUS OF THE ORGANIZATION AS OF DECEMBER 31, 2013. 0 0 0 0 0 0 0 0 0 STEPHEN HOITT SECRETARY/TREASURER 0 139668 0 0 0 0 0 15053 0 7211 0 161932 0 0 PART I, LINE 3 THE SECRETARY OF THE ENDOWMENT FUND ALSO SERVES AS EXECUTIVE DIRECTOR OF THE SENECA WATERWAYS COUNCIL AND IS COMPENSATED BY THAT RELATED ORGANIZATION. THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS BENCHMARKED BY THE BOY SCOUTS OF AMERICA. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY SENECA WATERWAYS COUNCIL'S AUDIT COMMITTEE AND MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES OF THE ENDOWMENT FUND FOLLOW THE POLICIES SET FORTH BY THE EXECUTIVE BOARD OF THE SENECA WATERWAYS COUNCIL. THE SENECA WATERWAYS COUNCIL'S AUDIT COMMITTEE WILL REVIEW CONFLICT OF INTEREST STATEMENTS AND, WITH THE CHAIR, WILL RESOLVE ANY CONFLICTS, IF NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION COMPLIES WITH ALL APPLICABLE FEDERAL AND STATE REGULATIONS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 42,481. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,481. FORM 990, PART XI, LINE 9: TRANSFER OF INVESTMENT INCOME TO SENECA WATERWAYS COUNCIL, INC. -713,703. SENECA WATERWAYS COUNCIL INC BOY SCOUTS OF AMERICA 2320 BRIGHTON HENRIETTA TOWNLINE RD ROCHESTER NY 14623 160743108 TO PROVIDE VALUE ORIENTED PROGRAMS FOR YOUTH THROUGH VARIOUS ACTIVITIES NY 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 SENECA WATERWAYS COUNCIL INC BOY SCOUTS OF AMERICA R 713703 5.5% OF AVE VALUE OF PREV 20 QTRS