2011-07-22T14:08:59-05:00 2010-12-31 DEJOY KNAUF & BLOOD LLP 39 STATE STREET SUITE 600 ROCHESTER NY 14614 990 2010-01-01 166122899 BOY SCOUTS OF AMERICA COUNCIL 397 ENDOWMENT FUND BOYS 5852444210 474 EAST AVENUE ROCHESTER NY 14607 STEPHEN T HOITT 5852444210 2011-07-22 1 TIMOTHY P THANEY CPA 5855461840 2011-07-22 2010 2016-02-24 21:20:13Z STEPHEN T HOITT 474 EAST AVENUE ROCHESTER NY 14607 5713055 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. 12 12 0 0 0 0 81436 1058377 0 12205 -296452 24809 0 0 -215016 1095391 0 0 0 0 0 0 0 0 0 139789 85875 139789 85875 -354805 1009516 13367279 14673218 100000 0 13267279 14673218 ENDOWMENT FUND TO SUPPORT THE ACTIVITIES AND PROGRAMS OF SENECA WATERWAYS COUNCIL, INC., BOY SCOUTS OF AMERICA 0 0 85875 12205 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. 85875 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X WILLIAM BOYLE 5852444210 474 EAST AVENUE ROCHESTER NY 14607 FRANK STRONG 1.00 X X 0 0 0 BURTON AUGUST 1.00 X 0 0 0 FRANK CREGO 1.00 X 0 0 0 LOU LANGIE JR 1.00 X 0 0 0 ANDREW MELONI 1.00 X 0 0 0 TOM RICHARDS 1.00 X 0 0 0 ROBERT SCHICK 1.00 X 0 0 0 RICHARD FOX 1.00 X 0 0 0 TOM RUSLING 1.00 X 0 0 0 MIKE TOMAINO 1.00 X 0 0 0 WILLIAM HALE 1.00 X 0 0 0 DAVID KLEIN 1.00 X 0 0 0 STEPHEN T HOITT 40.00 X 0 97493 13975 LEON T SAWYKO 1.00 X 0 0 0 0 97493 13975 0 0 0 0 0 1058377 1058377 12205 12205 12205 221855 221855 4420618 4617664 -197046 -197046 -197046 1095391 12205 0 24809 44413 44413 41462 41462 85875 85875 0 0 47452 419760 75820 20628 28140 9061 12707429 10965959 508438 3007339 250471 13367279 14673218 100000 0 100000 0 X 3590403 3607304 2944588 4261543 6732288 6804371 13267279 14673218 13367279 14673218 X 1009516 396423 X X 0 1 1 X 0 X X X 0 0 0 SENECA WATERWAYS COUNCIL INC BOY SCOUTS OF AMERICA 160743108 LINE 7 1 0 1 855360 1 855360 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9697406 1120989 312625 65015 11066005 9250163 45744 592260 190761 9697406 9250163 0.61000 0.39000 0 1 1 0 CASH 145604 C ALTERNATIVE INVESTMENTS 2861735 F 3007339 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ENDOWMENT IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE ENDOWMENT HAS BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION. THE ENDOWMENT IS REQUIRED TO FILE ANNUAL RETURNS WITH FEDERAL AND NEW YORK STATE TAXING AUTHORITIES. AT DECEMBER 21, 2010, THE FEDERAL AND STATE ANNUAL RETURNS REMAIN OPEN FOR EXAMINATION BY THE RESPECTIVE AUTHORITIES FOR THE 2007 THROUGH 2010 TAX YEARS. MANAGEMENT HAS DETERMINED THAT THE ENDOWMENT HAS NO UNCERTAIN TAX POSITIONS, INCLUDING THE TAX-EXEMPT STATUS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AND MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATIONS AUDIT COMMITTEE OF THE BOARD OF DIRECTORS WILL REVIEW CONFLICT OF INTEREST STATEMENTS AND, WITH THE PRESIDENT, WILL RESOLVE ANY CONFLICTS, IF NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION COMPLIES WITH ALL APPLICABLE FEDERAL AND STATE REGULATIONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,023,978. PRIOR PERIOD ADJUSTMENTS: 20,530. TRANSFER OF INVESTMENT INCOME TO SENECA WATERWAYS COUNCIL, INC. -855,530. TRANSFER OF NET ASSETS FROM SENECA WATERWAYS COUNCIL, INC. 207,445. TOTAL TO FORM 990, PART XI, LINE 5: 396,423. THE SENECA WATERWAYS COUNCIL, INC., BOY SCOUTS OF AMERICA AUDIT COMMITTEE OVERSEES THE ANNUAL AUDIT AND AUDITOR SELECTION PROCESS ON BEHALF OF THE ENDOWMENT FUND. SENECA WATERWAYS COUNCIL INC BOY SCOUTS OF AMERICA 474 EAST AVENUE ROCHESTER NY 14607 160743108 TO PROVIDE VALUE ORIENTED PROGRAMS FOR BOYS THROUGH VARIOUS ACTIVITIES NY 501(C)(3) LINE 7 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 Q 855530 FAIR MARKET VALUE OF INCOME.