2011-08-09T13:18:29-05:00 2010-12-31 EISNERAMPER LLP 101 WEST AVENUE PO BOX 458 JENKINTOWN PA 190460458 990 2010-01-01 231352048 BUCKS COUNTY COUNCIL #777 BOY SCOUTS OF AMERICA BOYS 2153487205 ONE SCOUT WAY DOYLESTOWN PA 18901 MAGNE GUNDERSEN 2153487205 2011-08-09 1 2158818800 2010 2016-02-24 21:20:13Z MAGNE GUNDERSEN ONE SCOUT WAY DOYLESTOWN PA 18901 3046797 0 1761 X WWW.BUCKSCOUNTYBSA.ORG X 1928 PA TO SERVE OTHERS BY HELPING INSTILL VALUES IN YOUNG PEOPLE AND IN OTHER WAYS, TO PREPARE THEM TO MAKE ETHICAL CHOICES DURING THEIR LIFETIME IN ACHIEVING THEIR FULL POTENTIAL. THE VALUES WE STRIVE TO INSTILL ARE BASED ON THOSE FOUND IN THE SCOUT OATH AND LAW. IN 2010 WE HAD 212 EAGLE SCOUTS. AN EAGLE SCOUT MUST LIVE BY THE SCOUT OATH AND LAW AND AN EAGLE SCOUT MUST SHOW EAGLE SPIRIT THROUGH LEADERSHIP AND SERVICE. 65 64 129 4000 0 0 576201 614123 1400311 1546614 14947 16724 366439 306539 2357898 2484000 9405 9926 0 0 1207243 1232729 7064 11998 184699 1153470 1228065 2377182 2482718 -19284 1282 4083945 4211745 327236 363519 3756709 3848226 X IT IS THE MISSION OF THE BOY SCOUTS OF AMERICA TO SERVE OTHERS BY HELPING INSTILL VALUES IN YOUNG PEOPLE AND IN OTHER WAYS, TO PREPARE THEM TO MAKE ETHICAL CHOICES DURING THEIR LIFETIME IN ACHIEVING THEIR FULL POTENTIAL. THE VALUES WE STRIVE TO INSTILL ARE BASED ON THOSE FOUND IN THE SCOUT OATH AND LAW. 0 0 1095473 462876 SCOUTING:CUB SCOUTS - FAMILY AND COMMUNITY-CENTERED APPROACH TO LEARNING CITIZENSHIP, COMPASSION, COURAGE THROUGH SERVICE PROJECTS, CEREMONIES, GAMES AND OTHER ACTIVITIES PROMOTING CHARACTER DEVELOPMENT AND PHYSICAL FITNESS.BOY SCOUTING - WITH THE SCOUT OATH AND SCOUT LAW AS GUIDES, AND THE SUPPORT OF PARENTS AND RELIGIOUS AND NEIGHBORHOOD ORGANIZATIONS, SCOUTS DEVELOP AN AWARENESS AND APPRECIATION OF THEIR ROLE IN THE COMMUNITY AND BECOME WELL-ROUNDED YOUNG MEN AND WOMEN THROUGH THE ADVANCEMENT OF THE PROGRAM. SCOUTS PROGRESS IN RANK THROUGH ACHIEVEMENTS, GAIN ADDITIONAL KNOWLEDGE AND RESPONSIBILITIES, AND EARN MERIT BADGES THAT ASSIST WITH EDUCATION AND CAREER SELECTIONS, LIFE LONG CAREER OR HOBBIES, SERVICE TO THE COMMUNITY, AND THE DEVELOPMENT OF FUTURE LEADERS FOR BUSINESSES, OUR COMMUNITY AND OUR COUNTRY. 1153431 1347755 CAMPING/VENTURING:PROVIDES EXPERIENCE TO HELP YOUNG MEN AND WOMEN, AGES 14-20, BECOME MATURE, RESPONSIBLE, CARING ADULTS. YOUNG TEENS LEARN LEADERSHIP SKILLS AND PARTICIPATE IN CHALLENGING OUTDOOR ACTIVITIES INCLUDING HAVING ACCESS TO BOY SCOUT CAMPING PROPERTIES, A RECOGNITION PROGRAM AND YOUTH PROTECTION TRAINING. 5416 10621 TRAINING/LEARNING FOR LIFE:PROGRAM TO ENABLE YOUNG PEOPLE TO BECOME RESPONSIBLE INDIVIDUALS BY TEACHING POSITIVE CHARACTER TRAITS, CAREER DEVELOPMENT, LEADERSHIP AND LIFE SKILLS SO THEY CAN MAKE ETHICAL CHOICES AND ACHIEVE THEIR FULL POTENTIAL. 2254320 1 1 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 129 1 0 0 0 0 0 1 1 0 0 0 0 X 65 64 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X MAGNE GUNDERSEN SCOUT EXECUTIVE 2153487205 ONE SCOUT WAY DOYLESTOWN PA 18901 WILLIAM G HARVEY 1.00 X X 0 0 0 LARRY V RANKIN 1.00 X X 0 0 0 KEVIN S PUTMAN 1.00 X X 0 0 0 JAMES CAWLEY 1.00 X X 0 0 0 SYDNEY MARTIN 1.00 X X 0 0 0 WILLIAM E NORCROSS 1.00 X X 0 0 0 WILLIAM N PFUNDT 1.00 X X 0 0 0 BLAIR RUSH 1.00 X X 0 0 0 ROBERT GILMORE 1.00 X X 0 0 0 MICHAEL MASKO 1.00 X X 0 0 0 DANIEL J PACI 1.00 X X 0 0 0 VINCE QUINN 1.00 X X 0 0 0 FREDERICK E SCHEA 1.00 X X 0 0 0 HERB K SUDFELD JR 1.00 X X 0 0 0 GAIL M HILL 1.00 X 0 0 0 GREGORY GRIM 1.00 X 0 0 0 STEPHEN MOYER 1.00 X 0 0 0 JAMES COLLINS 1.00 X X 0 0 0 ALBERT J CELINI 1.00 X X 0 0 0 KEVIN CORNWALL 1.00 X X 0 0 0 DAVID E HASEL 40.00 X X X 157772 0 12124 MARK BLASCH 1.00 X 0 0 0 PEDER COX 1.00 X 0 0 0 GEORGE DONOVAN 1.00 X 0 0 0 VICTOR ELGORT 1.00 X 0 0 0 MICHAEL FITZPATRICK 1.00 X 0 0 0 NEIL FOSBENNER 1.00 X 0 0 0 CHRIS FOSMIRE 1.00 X 0 0 0 MICHAEL FRISBIE 1.00 X 0 0 0 DR BARRY GALASSO 1.00 X 0 0 0 RICHARD GASTINEAU 1.00 X 0 0 0 RICHARD GAVER 1.00 X 0 0 0 DAVID GONDAK 1.00 X 0 0 0 KENNETH GANT 1.00 X 0 0 0 DAVID HARRIS 1.00 X 0 0 0 FREDERICK HESSENTHALER 1.00 X 0 0 0 BRUCE IACOBUCCI 1.00 X 0 0 0 KENNETH KELLER 1.00 X 0 0 0 S RICHARD KLINGES III 1.00 X 0 0 0 GEORGE KOMELASKY 1.00 X 0 0 0 JAMES LASER 1.00 X 0 0 0 ELIZABETH LERCH 1.00 X 0 0 0 DAVID HECKLER 1.00 X 0 0 0 JOHN JORDON 1.00 X 0 0 0 KENT LUFKIN 1.00 X 0 0 0 JOHN T MACINNES III 1.00 X 0 0 0 MARK MCLAUGHLIN 1.00 X 0 0 0 JAMES M NIWINSKI 1.00 X 0 0 0 RALPH OSWALD III 1.00 X 0 0 0 JAMES OTTO 1.00 X 0 0 0 MICHAEL J PARADISO 1.00 X 0 0 0 STEVE PRUSIENSKI 1.00 X 0 0 0 JOHN SHAFFER 1.00 X 0 0 0 MICHAEL SHAVEL 1.00 X 0 0 0 WILLIAM SHELLY 1.00 X 0 0 0 ROB SIGETY 1.00 X 0 0 0 ROBERT E SNYDER 1.00 X 0 0 0 JEFFREY TUSHAR 1.00 X 0 0 0 BOB WEINHOLD 1.00 X 0 0 0 MICHAEL WILSEY 1.00 X 0 0 0 MARK ZABA 1.00 X 0 0 0 WILLIAM STEWART 1.00 X 0 0 0 ROWLAND SMITH 1.00 X 0 0 0 MICHAEL GOODWIN 1.00 X 0 0 0 WILLIAM O'SHEA JR 1.00 X 0 0 0 MAGNE GUNDERSEN 40.00 X 0 0 0 157772 0 12124 1 0 1 0 NATIONAL COUNCIL BOY SCOUTS OF AMERICA 1325 WEST WALNUT HILL LANE IRVING TX 75015 PROGRAM/NATIONAL MATERIALS 465467 ARAMARK 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICES 439350 2 79464 48562 486097 9930 614123 CAMPING REVENUE 713990 1347755 1347755 ACTIVITY REVENUE 713990 198859 198859 1546614 17197 17197 12325 12325 12325 12325 59527 60000 -473 -473 -473 47886 48562 28310 19576 19576 685872 474487 211385 211385 OTHER REVENUE 713990 63253 63253 63253 2484000 1821252 0 48625 9926 9926 169896 141014 6796 22086 870955 789800 19095 62060 22229 19557 628 2044 73421 64242 2159 7020 96228 87783 1987 6458 18131 11630 480 6021 11998 11998 2542 2542 8449 5421 224 2804 15281 9576 43 5662 25743 23073 964 1706 10154 6513 269 3372 241391 236898 1057 3436 46839 42194 918 3727 11965 11235 150 580 116686 96849 4667 15170 26499 25504 234 761 CAMP SUPPLIES 510722 509935 164 623 RECOGNITION 71070 51917 170 18983 REPAIRS & MAINTENANCE 67518 65095 569 1854 CHARTER & NATIONAL SERV 23404 23404 POSTAGE & SHIPPING 17542 9878 288 7376 14129 12876 295 958 2482718 2254320 43699 184699 178282 307712 319717 400422 47638 20355 11566 9679 132150 164885 27196 24225 4462088 2481592 1997795 1980496 1120305 1120452 249296 183519 4083945 4211745 15382 128070 150973 78225 160881 157224 327236 363519 X 2822612 2795992 150243 294301 783854 757933 3756709 3848226 4083945 4211745 X 1282 90235 X X 0 1 1 X 0 X 788721 645388 513648 557362 565561 3070680 788721 645388 513648 557362 565561 3070680 3070680 24271 49588 51495 31162 29049 185565 18973 312828 212982 86557 96448 727788 3984033 6333276 0.77070 0.81990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 223.00 1 0 0.00 0 1203969 1700 100878 100000 2542 1204005 950785 4060 251941 2817 1203969 1288242 5658 -341068 2047 950785 0.37000 0.63000 1 0 573423 573423 2401446 1246078 1155368 8095 816 7279 1332745 1111690 221055 146379 123008 23371 1980496 INVESTED CASH 116644 F MONEY MARKET MUTUAL FUND 7947 F INTERMEDIATE GOVERNMENT FUND 81817 F SHORT GOVERNMENT FUND 177699 F FOREIGN LARGE BLEND FUND 84072 F LARGE GROWTH FUND 323675 F LARGE BLEND GROWTH FUND 328598 F 1120452 PAYROLL TAXES WITHHELD AND ACCRUED 3957 CUSTODIAN ACCOUNTS 133567 CAPITAL LEASE OBLIGATION 19700 157224 2484000 2482718 1282 90235 90235 91517 2574140 90235 90235 2483905 95 95 2484000 2459314 0 2459314 23404 23404 2482718 EXPLANATION OF CHANGES TO CONSERVATION EASEMENTS: PART II, LINE 3: AS NOTED IN FOOTNOTE 1 OF THE COUNCIL'S AUDITED FINANCIAL STATEMENTS, BOARD DESIGNATED FUNDS REPRESENT CONSERVATION EASEMENTS FOR DEVELOPMENT RIGHTS AT CAMP OCKANICKON SCOUT RESERVATION. THIS OCCURRED WHEN THE COUNCIL GRANTED A CONSERVATION EASEMENT FOR A PORTION OF LAND AT THE SCOUT RESERVATION IN 2000 IN EXCHANGE FOR $438,900, WHICH WAS RECORDED AS UNRESTRICTED SUPPORT. THE PROCEEDS ARE ACCOUNTED FOR IN THE ENDOWMENT FUND. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: IT IS THE COUNCIL'S INTENTION TO USE INCOME FROM THESE FUNDS AS NECESSARY TO MEET SPECIFIC PURPOSES AS DETERMINED BY THE COUNCIL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: COUNCIL IS EXEMPT FROM FEDERAL INCOME TAX AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE, HAS NO PROVISION FOR FEDERAL INCOME TAXES. HOWEVER, THE COUNCIL IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME OF WHICH THEY HAD NONE IN THE YEAR ENDED DECEMBER 31, 2010. IN ADDITION, COUNCIL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A). COUNCIL ADOPTED THE INCOME TAX STANDARD FOR REPORTING UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009 AS REQUIRED UNDER THE ACCOUNTING STANDARDS CODIFICATION. THE IMPLEMENTATION OF THE STANDARD HAD NO EFFECT ON THE NET ASSETS OF COUNCIL. SHOULD THE TAX-EXEMPT STATUS BE CHALLENGED IN THE FUTURE, COUNCIL'S TAX YEARS ENDED DECEMBER 31, 2007, 2008 AND 2009 ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XIII, LINE 4B - OTHER ADJUSTMENTS: NATIONAL SERVICE FEE 23,404. SPRING MILL GOLF OUTING 31665 16665 15000 10801 SAUCON VALLEY GOLF OUTING 28925 12425 16500 12920 5 35858 19472 16386 4769 96448 48562 47886 28490 28490 19396 1 CAMPERSHIPS 37 2631 DUES/MEMBERSHIP ASSISTANCE 607 7277 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: CAMPERSHIP AWARDS ARE MANAGED AND DETERMINED FOR FINANCIAL NEED VIA AN APPLICATION PROCESS BY THE CAMP DIRECTOR. DUES/MEMBERSHIP ASSISTANCE CONSISTS OF ITEMS SUCH AS NATIONAL REGISTRATION FEES, UNIFORM ITEMS, CAMP AND PROGRAM FEES AND OTHER BOOKS AND PROGRAM MATERIALS AWARDED TO AT-RISK PARTICIPANTS/UNITS ON A ONE-TIME BASIS TO GET THEM OR THE UNIT ESTABLISHED IN SCOUTING PROGRAMS. NO ADDITIONAL MONITORING IS REQUIRED BEYOND AWARDING OF THE CAMPERSHIPS OR DUES/MEMBERSHIP ASSISTANCE. X 0 0 0 0 0 0 0 0 0 DAVID E HASEL 157772 0 0 0 0 0 0 0 12124 0 169896 0 149086 0 DANIEL PACI VICE PRESIDENT MR. PACI PROVIDES PRO-BONO LEGAL COUNSEL TO THE ORGANIZATION THROUGH HIS CURRENT FIRM, GRIM, BIEHN & THATCHER. 0 X 1 18991 FAIR MARKET VALUE X ROOFING MATERIALS 1 6000 FAIR MARKET VALUE X CAMP REPAIR SUPPLIES 1 800 FAIR MARKET VALUE X FAX MACHINE 1 400 FAIR MARKET VALUE X FREEZER 1 403 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE SCOUT EXECUTIVE AND THE CHAIRMAN OF THE AUDIT COMMITTEE REVIEW THE FORM 990 AFTER IT HAS BEEN PREPARED BY THE INDEPENDENT ACCOUNTANT. AFTER THEIR COMMENTS HAVE BEEN ADDRESSED, THE FORM 990 IS PRESENTED TO THE EXECUTIVE BOARD IN ORDER TO GAIN APPROVAL. AFTER APPROVAL HAS BEEN PROVIDED TO THE SCOUT EXECUTIVE, THE RETURN IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AS WELL AS EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. THESE STATEMENTS ARE REVIEWED BY THE SCOUT EXECUTIVE AND THE BOARD IN ORDER TO DETERMINE IF ANY CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE BUCKS COUNTY COUNCIL, BOY SCOUTS OF AMERICA'S OBJECTIVE IS TO PROVIDE A REASONABLE AND COMPETITIVE SCOUT EXECUTIVE COMPENSATION OPPORTUNITY CONSISTENT WITH MARKET-BASED COMPENSATION PRACTICES FOR THE CHIEF EXECUTIVE OFFICER POSSESSING THE EXPERIENCE AND SKILLS NEEDED TO IMPROVE THE OVERALL PERFORMANCE OF THE BUCKS COUNTY COUNCIL. THE ORIGINAL LETTER OF EMPLOYMENT WILL PROVIDE ALL COMPENSATION AND BENEFITS FOR THE SCOUT EXECUTIVE. THE COUNCIL PRESIDENT WILL APPOINT, EACH YEAR, A COMPENSATION AND BENEFITS COMMITTEE WHOSE RESPONSIBILITIES ARE TO REVIEW THE PERFORMANCE OF THE SCOUT EXECUTIVE AND TO RECOMMEND FOR APPROVAL TO THE EXECUTIVE BOARD SALARY AND BENEFITS FOR THE SCOUT EXECUTIVE. THE EXECUTIVE BOARD AND COMPENSATION AND BENEFITS COMMITTEE ARE CHARGED WITH ENSURING THAT THE SCOUT EXECUTIVE COMPENSATION POLICY AND PROCEDURES SATISFY THE IRS INTERMEDIATE SANCTIONS REQUIREMENTS. FORM 990, PART VI, SECTION C, LINE 18 COUNCIL'S FORM 1023 AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST OF THE ADMINISTRATIVE HEADQUARTERS OF THE COUNCIL. FORM 990, PART VI, SECTION C, LINE 19 COUNCIL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABE TO THE PUBLIC UPON REQUEST OF THE ADMINISTRATIVE HEADQUARTERS OF THE COUNCIL. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 90,235. FORM 990, PART IX, LINE 2C THE AUDIT COMMITTEE ASSUMES THE RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AS WELL AS THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.