2025-08-05T11:58:34-05:00 2024-12-31 020417217 LEONE MCDONNELL & ROBERTS PA 273 LOCUST STREET SUITE 207 DOVER NH 03820 990 2024-01-01 020222115 BOY SCOUTS OF AMERICA 330 DANIEL WEBSTER COUNCIL INC BOYS 6036256431 1500 BODWELL ROAD MANCHESTER NH 03109 JOHN S GAREE SCOUT EXECUTIVE 6036256431 2025-08-05 1 1 EVAN J STOWELL P00846331 6037492700 2025-08-05 2024 2025-03-06 01:10:19Z JOHN S GAREE 1500 BODWELL ROAD MANCHESTER NH 03109 7119266 0 1761 X WWW.NHSCOUTING.ORG X 1929 NH PLEASE SEE SCHEDULE O. 58 58 124 2675 0 0 1805501 432303 1715486 1329236 1018212 743206 161688 1958820 4700887 4463565 0 0 0 0 1610178 1656312 0 0 190858 2351957 2115695 3962135 3772007 738752 691558 17985442 19044937 2017921 1728983 15967521 17315954 X THE CORPORATION SHALL PROMOTE, WITHIN THE TERRITORY COVERED BY THE CHARTER FROM TIME-TO-TIME GRANTED BY THE BOY SCOUTS OF AMERICA AND IN ACCORDANCE WITH THE CONGRESSIONAL CHARTER, BYLAWS, AND RULES AND REGULATIONS OF THE BOY SCOUTS OF AMERICA, THE SCOUTING PROGRAM OF PROMOTING THE ABILITY OF YOUTH TO DO THINGS FOR THEMSELVES AND OTHERS, TRAINING THEM IN SCOUTCRAFT AND TEACHING THEM PATRIOTISM, COURAGE, SELF-RELIANCE, AND KINDRED VIRTUES, USING THE METHODS THAT ARE NOW IN COMMON USE BY THE BOY SCOUTS OF AMERICA. IN ACHIEVING THIS PURPOSE, EMPHASIS SHALL BE PLACED UPON ITS EDUCATIONAL PROGRAM AND THE OATHS, PROMISES, AND CODES OF THE SCOUTING PROGRAM FOR CHARACTER DEVELOPMENT, CITIZENSHIP TRAINING, LEADERSHIP, AND MENTAL AND PHYSICAL FITNESS. 0 0 2056364 1283891 CAMPING PROGRAMS FOR THE YOUTH OF NH AND NORTHERN NEW ENGLAND: - 98 CUB SCOUTS ATTENDED A WEEK LONG DAY CAMP AT ONE OF THE SEVEN PROGRAM OPPORTUNITIES. - CUB SCOUT RESIDENT CAMP ATTENDANCE WAS 474 AT CAMP CARPENTER WITH 108 CUB SCOUTS ATTENDING THE BRIDGE PROGRAM, AN ADDITIONAL NIGHT FOR ARROW OF LIGHT SCOUTS ONLY. - BOY SCOUT RESIDENT CAMP ATTENDANCE WAS 1,130 AT GRISWOLD SCOUT RESERVATION. - 77 PARTICIPATED IN THE NATIONAL YOUTH LEADERSHIP TRAINING (NYLT) PROGRAM. - ALL IN, 10,827 NIGHTS CAMPED - THOUSANDS OF NIGHTS, COUNTLESS ADVENTURES. - OUR MOBILE BASE CAMP WAS DEPLOYED THROUGHOUT THE STATE 35 TIMES/EVENTS IN 2024, ROUGHLY EQUALING 225 HOURS OF VOLUNTEER SERVICE IN THE GRANITE STATE. 1416271 89865 ORGANIZATION, SERVICE ACTIVITIES, AND SPECIAL PROGRAMS FOR SCOUTING IN NH:- 160 EAGLE SCOUTS EXCELLED AND EARNED SCOUTING'S TOP RANK- 44,873 SERVICE HOURS PERFORMED BY SCOUTS TO IMPROVE OUR COMMUNITIES- 9,837 MILES HIKED, EMBODYING THE SPIRIT OF SCOUTING WITH EACH STEP- 11,557 ITEMS COLLECTED DURING OUR ANNUAL SCOUTING FOR FOOD DRIVE- 21,237 ACHIEVEMENTS INTRODUCED SCOUTS TO NEW SKILLS WHILE ADVANCING IN RANK- TOP EARNED MERIT BADGES: FIRST AID 455, CAMPING 425, AND CITIZENSHIP IN THE NATION 372 3472635 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 124 1 0 0 0 0 0 0 0 0 0 0 X 58 58 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NH X X X JOHN S GAREE 6036256431 1500 BODWELL ROAD MANCHESTER NH 03109 ADAM GODBOUT VP - ACTIVITIES 2.00 X 0 0 0 ALAN LAMBERT EXECUTIVE BOARD 2.00 X 0 0 0 BRIAN AXTELL EXECUTIVE BOARD 2.00 X 0 0 0 BRIAN SEVIGNY VP - MEMBERSHIP 2.00 X X 0 0 0 CHARLIE FISHER EXECUTIVE BOARD 2.00 X 0 0 0 CHRISTOPHER NORWOOD EXECUTIVE BOARD 2.00 X 0 0 0 CLARKE KIDDER EXECUTIVE BOARD 2.00 X 0 0 0 CLAYTON COLE EXECUTIVE BOARD 2.00 X 0 0 0 COL DAVIS ULRICSON EXECUTIVE BOARD 2.00 X 0 0 0 CRAIG DONAIS EXECUTIVE VICE PRESIDENT 2.00 X 0 0 0 GREG ANTHONY EXECUTIVE BOARD 2.00 X 0 0 0 GREG PLACY VP PHYSICAL RESOURCES 2.00 X X 0 0 0 GUY EATON VP - SAFETY 2.00 X X 0 0 0 JEFFREY TOWNE EXECUTIVE BOARD 2.00 X 0 0 0 JIM BUTTAFUOCO PRESIDENT 2.00 X X 0 0 0 JOHN S GAREE SCOUT EXECUTIVE/CEO 50.00 X X 200086 0 19485 JONATHAN LEAVITT EXECUTIVE BOARD 2.00 X 0 0 0 LYMAN COUSENS EXECUTIVE BOARD 2.00 X 0 0 0 MARK DECOTEAU EXECUTIVE BOARD 2.00 X 0 0 0 MARK GOVONI EXECUTIVE BOARD 2.00 X 0 0 0 MATTHEW LEFEBVRE VP - SPECIAL EVENTS 2.00 X 0 0 0 MICHAEL MERRY EXECUTIVE BOARD 2.00 X 0 0 0 MICHAEL TAGER ASSIST TREASURER 2.00 X X 0 0 0 NORM MAJOR EXECUTIVE BOARD 2.00 X 0 0 0 PATRICK GRACE VP FINANCE 2.00 X X 0 0 0 PHIL DONOVAN VP CAMPING 2.00 X X 0 0 0 ROBERT JAMES STEINER VP - ADMINISTRATION 2.00 X X 0 0 0 RAY MEYER EXECUTIVE BOARD 2.00 X 0 0 0 RICHARD SMITH COUNCIL COMMISSIONER 2.00 X X 0 0 0 RICHARD ZELOSKI EXECUTIVE BOARD 2.00 X 0 0 0 RONALD COVEY EXECUTIVE BOARD 2.00 X 0 0 0 RYAN WARREN TREASURER 2.00 X X 0 0 0 SCOTT CHRISTENSEN EXECUTIVE BOARD 2.00 X 0 0 0 THOMAS ANDREW EXECUTIVE BOARD 2.00 X 0 0 0 THOMAS SULLIVAN JR EXECUTIVE BOARD 2.00 X 0 0 0 THOMAS WHELTON VP - AT LARGE 2.00 X X 0 0 0 TOM PERLEY EXECUTIVE BOARD 2.00 X 0 0 0 TOM TSIRIMOKOS EXECUTIVE BOARD 2.00 X 0 0 0 ADAM DUMVILLE EXECUTIVE BOARD 2.00 X 0 0 0 ALISON BATEY EXECUTIVE BOARD 2.00 X 0 0 0 ANDREW CLINE EXECUTIVE BOARD 2.00 X 0 0 0 BRENDAN MCNEILL EXECUTIVE BOARD 2.00 X 0 0 0 ELWIN SPRAY EXECUTIVE BOARD 2.00 X 0 0 0 GERARD BOYLE EXECUTIVE BOARD 2.00 X 0 0 0 JASON YERGEAU EXECUTIVE BOARD 2.00 X 0 0 0 KATHERINE UNFRIED EXECUTIVE BOARD 2.00 X 0 0 0 KIMBERLY GILMORE EXECUTIVE BOARD 2.00 X 0 0 0 MARK CLARK EXECUTIVE BOARD 2.00 X 0 0 0 NICK LETELLIER EXECUTIVE BOARD 2.00 X 0 0 0 PETER ROW EXECUTIVE BOARD 2.00 X 0 0 0 PETER KIMPTON VP - AT LARGE 2.00 X X 0 0 0 RICHARD PEDOTT EXECUTIVE BOARD 2.00 X 0 0 0 ROBERT SITAR EXECUTIVE BOARD 2.00 X 0 0 0 STEPHEN CURRY EXECUTIVE BOARD 2.00 X 0 0 0 TIM HAYES EXECUTIVE BOARD 2.00 X 0 0 0 TOM GREER EXECUTIVE BOARD 2.00 X 0 0 0 WENDY KABAN VP - TRAINING 2.00 X 0 0 0 WILLIAM MELENDY EXECUTIVE BOARD 2.00 X 0 0 0 DERIC WERTZ CHIEF OPERATING OFFICER 40.00 X 134561 0 14437 334647 0 33922 2 0 1 0 FRESH PICKS CAFE 749 E INDUSTRIAL PARK DRIVE MANCHESTER NH 03109 FOOD SERVICE 361761 GI WELDING & FABRICATION 49 N HIGH ST DERRY NH 03037 CONSTRUCTION 120651 2 7632 129722 294949 432303 CAMPING 900099 1239371 1239371 ACTIVITIES 900099 89865 89865 1329236 271154 271154 2244993 1772941 472052 472052 472052 839878 129722 829969 9909 9909 97311 52791 44520 44520 OTHER REVENUE 900099 1029900 1029900 COUNCIL PARTICIPATION AND INSURAN 900099 520991 520991 INSURANCE PROCEEDS 900099 350000 350000 3500 3500 1904391 4463565 1373756 0 2657506 219571 164678 19761 35132 1148457 1076407 29949 42101 117719 107748 3975 5996 64516 55709 3563 5244 106049 96091 3912 6046 18729 12174 4308 2247 48999 31849 11270 5880 65181 42893 14444 7844 294196 288245 2266 3685 137584 124236 2955 10393 24843 23076 545 1222 3564 3497 26 41 442170 440853 517 800 151190 144859 2487 3844 SUPPLIES 570028 559634 1696 8698 OTHER EXPENSES 150020 130648 4269 15103 EQUIPMENT RENTAL AND MA 71234 69753 582 899 RECOGNITION AND AWARDS 48552 24459 450 23643 89405 75826 1539 12040 3772007 3472635 108514 190858 936426 1761641 11085 19550 1171101 91338 98860 126233 47798 30408 12770259 8517620 4187282 4252639 9920892 11000183 1611998 1762945 17985442 19044937 42797 127125 339504 234742 129405 122162 1506215 1244954 2017921 1728983 X 8453257 9819021 7514264 7496933 15967521 17315954 17985442 19044937 X 691558 663110 -6235 X X 0 1 X 1 0 X 1415835 1587524 797555 1805501 432303 6038718 1415835 1587524 797555 1805501 432303 6038718 6038718 233510 240426 252436 213281 271154 1210807 149842 104924 210972 141998 1904391 2512127 9761652 3258688 0.61860 0.75580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 9699805 31500 1188548 1081945 9837908 9336366 20200 1483737 1140498 9699805 13576682 164736 -2800290 1600762 9340366 12387314 4000 1713773 528405 13576682 11576519 3000 1762870 955075 12387314 0.42490 0.51420 0.06090 0 0 2091209 2091209 8036733 6590349 1446384 1873128 1359905 513223 769189 567366 201823 4252639 BENEFICIAL INTEREST IN TRUST 1403952 CASH VALUE LIFE INSURANCE 165602 MUSEUM COLLECTIONS 34421 CONSTRUCTION IN PROCESS 158970 1762945 CUSTODIAL ACCOUNTS 267755 OTHER 9640 ACCRUED CONTRIBUTION TO SETTLEMENT TRUST 967559 1244954 X 6094253 663110 84818 747928 5346325 -882760 -882760 4463565 4745820 973813 973813 3772007 0 3772007 PART III, LINE 4: COLLECTIONS AND RELATION TO EXEMPT PURPOSE SCOUTING MEMORABILIA MAINTAINED INCLUDING THOUSANDS OF BOOKS AND PERIODICALS ON SCOUTING SUBJECTS AVAILABLE FOR STUDY AND RESEARCH. PART V, LINE 4: INTENDED USES FOR ENDOWMENT FUNDS THE ENDOWMENT FUND OF THE DWC IS INVESTED IN A PRUDENT MANNER SO AS TO PRESERVE AND ENHANCE THE COUNCIL'S ABILITY TO PROVIDE FOR THE BENEFIT OF SCOUTING. THE ENDOWMENT FUND'S PRIMARY MISSION IS TO PRESERVE PRINCIPAL AND PURCHASING POWER IN REAL DOLLAR TERMS OVER TIME, WHILE SUPPORTING CURRENT INCOME REQUIREMENTS. PART X, LINE 2: FIN 48 FOOTNOTE THE COUNCIL HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10-25. THE COUNCIL DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN VALUE OF DONATED LIFE INSURANE 2,349. INCREASE IN VALUE OF BENEFICIAL INTEREST TRUST 82,469. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -818,411. FUNDRAISING EXPENSES -64,349. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 64,349. COST OF GOODS SOLD 818,411. CHARTER AND NATIONAL SERVICE FEE 91,053. X X X X X X 1 CLINE WRITING SERVICES 361 N AMHERST ROAD BEDFORD NH 03110 GRANT WRITER 0 0 6500 -6500 6500 -6500 POPCORN SALES 839878 839878 765620 GOLF TOURNAMENT 59569 59569 13076 8294 525 965 4 53710 53710 799 16392 245 24053 953157 113279 839878 13875 24686 770 790638 829969 9909 X X X X X 0 0 0 0 0 0 0 0 0 JOHN S GAREE SCOUT EXECUTIVE/CEO 200086 0 0 0 0 0 7003 0 12482 0 219571 0 0 0 ADAM DUMVILLE EXECUTIVE BOARD MEMBER 1922 LEGAL FEES RENDERED 0 CHRIS NORWOOD ADVISORY BOARD MEMBER 62100 COMMISSIONS RENDERED RELATED TO THE SALE OF THE HOLT AVE PROPERTY 0 CRAIG DONAIS EXECUTIVE VICE PRESIDENT 12500 LEGAL FEES RENDERED RELATED TO THE SALE OF THE HOLT AVE PROPERTY 0 FORM 990, PART VI, SECTION A, LINE 1A AUTHORITY DELEGATED TO COMMITTEE EXPLANATION THE EXECUTIVE BOARD SHALL BE THE GOVERNING BODY OF THE CORPORATION AND SHALL MANAGE ITS AFFAIRS. THE EXECUTIVE BOARD SHALL BE THE LOCAL REVIEWING AUTHORITY WITH RESPECT TO MATTERS WITHIN THE SCOUTING MOVEMENT WHICH ARISE IN THE TERRITORY OF THE CORPORATION. THERE SHALL BE AN EXECUTIVE COMMITTEE CONSISTING OF THE PERSONS AND HAVING THE POWERS SPECIFIED BELOW. THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THOSE PERSONS WHO ARE THE OFFICERS OF THE CORPORATION, INCLUING THE SCOUT EXECUTIVE (WHO SHALL HAVE NO VOTE), AND MAY INCLUDE OTHERS APPOINTED BY THE PRESIDENT. THE EXECUTIVE COMMITTEE OF THE EXECUTIVE BOARD SHALL HAVE AND MAY EXERCISE ALL NECESSARY POWERS OF THE EXECUTIVE BOARD IN THE MANAGEMENT OF THE CORPORATION DURING THE INTERVALS BETWEEN THE MEETINGS OF THE EXECUTIVE BOARD, BUT IN NO EVENT SHALL THE EXECUTIVE COMMITTEE ACT CONTRARY TO ACTION THERETOFORE TAKEN BY THE EXECUTIVE BOARD. MINUTES SHALL BE KEPT OF ALL EXECUTIVE COMMITTEE ACTION AND REPORTED AT THE ENSUING MEETING OF THE EXECUTIVE BOARD FOR ITS APPROVAL. FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS ACTIVE MEMBERS MAY ELECT THE MEMBERS OF THE GOVERNING BODY AND APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS ACTIVE MEMBERS MAY ELECT AT LARGE, REGULAR MEMBERS OF THE EXECUTIVE BOARD, AND OFFICERS OF THE CORPORATION OTHER THAN THE SCOUT EXECUTIVE. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBERS ACTIVE MEMBERS MAY VOTE AT THE ANNUAL MEETING TO RECEIVE AND APPROVE FINANCIAL STATEMENTS SHOWING THE FINANCIAL POSITION OF THE CORPORATION AS OF THE CLOSE OF ITS MOST RECENT COMPLETE FISCAL YEAR AND THE RESULTS OF OPERATIONS DURING SUCH YEAR, AND TRANSACT SUCH OTHER BUSINESS AS MAY COME BEFORE THE MEETING. ACTIVE MEMBERS MAY VOTE IN OTHER REGULAR MEETING AND SPECIAL MEETINGS, INCLUDING PROPOSALS TO MERGE OR CONSOLIDATE. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING EACH YEAR, THE COUNCIL'S AUDIT COMMITTEE PERFORMS A THOROUGH REVIEW OF A PRELIMINARY DRAFT OF ITS FORM 990, WHICH WILL RECOMMEND CHANGES AND/OR CORRECTIONS, IF ANY, TO THE RETURN PREPARER. WHEN THE CHANGES HAVE BEEN INCORPORATED IN THE RETURN, THE AUDIT COMMITTEE WILL RECOMMEND THAT IT BE PRESENTED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW. AT THAT TIME, A COMPLETE COPY OF THE COUNCIL'S FORM 990, AND SCHEDULES ARE EMAILED TO EACH DIRECTOR, WHERE HE/SHE IS INVITED TO REVIEW THE RETURN. IT IS THEN PRESENTED AT AN EXECUTIVE BOARD MEETING, BY THE AUDIT COMMITTEE CHAIR, FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY AS REQUIRED BY ARTICLE XI, SECTIONS 7-13 OF THE BYLAWS OF THE DANIEL WEBSTER COUNCIL,EVERY OFFICER AND MEMBER OF THE EXECUTIVE BOARD IS ADVISED OF THE CONFLICT OF INTEREST POLICY UPON ENTERING THE DUTIES OF HIS/HER OFFICE AND AGREE TO THEIR UNDERSTANDING OF AND AGREE TO ABIDE BY THIS POLICY. ALSO, EVERY EMPLOYEE IS GIVEN AN EMPLOYEE HANDBOOK WHICH CONTAINS THE DANIEL WEBSTER COUNCIL'S CONFLICT OF INTEREST POLICY-EMPLOYEES ARE REQUIRED TO SIGN A STATEMENT ACKNOWLEDGING RECEIPT AND UNDERSTANDING OF THE EMPLOYEE HANDBOOK AND POLICIES CONTAINED HEREIN. ADDITIONALLY, GOING FORWARD, TO DISCLOSE AND REMEDY ACTUAL OR PERCEIVED BUSINESS, FINANCIAL OR PERSONAL CONFLICTS OF INTEREST, EVERY MEMBER OF THE BOARD OF DIRECTORS AS WELL AS OTHER OFFICERS AND KEY EMPLOYEES WILL BE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE BY THE ANNUAL BUSINESS MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL EACH YEAR THE COUNCIL PRESIDENT APPOINTS AN INDEPENDENT COMPENSATION AND BENEFITS COMMITTEE WHOSE RESPONSIBILITIES ARE TO REVIEW THE PERFORMANCE OF THE SCOUT EXECUTIVE AND TO ESTABLISH A COMPENSATION PACKAGE FOR HIM/HER SUBJECT TO APPROVAL BY THE EXECUTIVE BOARD. THE COMPENSATION OF THE SCOUT EXECUTIVE IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY SITUATED ORGANIZATIONS. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. COMPENSATION PROCESS FOR OFFICERS EACH YEAR THE COUNCIL PRESIDENT APPOINTS AN INDEPENDENT COMPENSATION AND BENEFITS COMMITTEE WHOSE RESPONSIBILITY IS TO ESTABLISH A COMPENSATION PACKAGE FOR KEY EMPLOYEES BASED ON PERFORMANCE REVIEWS CONDUCTED BY THE SCOUT EXECUTIVE USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 18 THE COUNCIL IS INCLUDED IN GROUP EXEMPTION FILING OF THE NATIONAL COUNCIL, BOY SCOUTS OF AMERICA, AND THEREFORE DOES NOT FILE FORM 1023. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE COUNCIL'S BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN VALUE OF BENEFICIAL INTEREST IN TRUST 82,469. INCREASE IN VALUE OF DONATED LIFE INSURANCE 2,349. CHARTER AND NATIONAL SERVICE FEE -91,053. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEARS. FORM 990, PART X, LINE 2, SAVINGS AND TEMPORARY CASH INVESTMENTS CASH HELD IN ESCROW - CONTRIBUTIONS TO BSA SETTLEMENT TRUST - $950,412: THE NATIONAL COUNCIL PROVIDES THE COUNCIL WITH A CHARTER, PROGRAM MATERIALS AND SUPPORT FOR ADMINISTRATION AS WELL AS SPONSORING CERTAIN BENEFIT PLANS FOR COUNCIL EMPLOYEES. SINCE 1978 THE NATIONAL COUNCIL HAS OPERATED A GENERAL LIABILITY INSURANCE PROGRAM IN WHICH THE COUNCIL PARTICIPATES. ON FEBRUARY 18, 2020, THE NATIONAL COUNCIL FILED FOR PROTECTION UNDER CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE. THE NATIONAL COUNCIL CONTINUES TO OPERATE ITS BUSINESS IN THE ORDINARY COURSE AND HAVE RECEIVED BANKRUPTCY COURT APPROVAL TO CONTINUE ITS RELATIONSHIP WITH THE COUNCILS INCLUDING THE BENEFIT AND INSURANCE PROGRAMS NOTED ABOVE. NEITHER THE COUNCIL NOR ANY OTHER LOCAL COUNCIL ARE CURRENTLY PARTIES TO THE BANKRUPTCY PROCEEDING. THE COURT HAS GRANTED A STAY ON LITIGATION AGAINST BOTH THE NATIONAL COUNCIL AND LOCAL COUNCILS AND THE NATIONAL COUNCIL HAS PROPOSED A PLAN OF REORGANIZATION THAT PROTECTS LOCAL COUNCILS FROM ANY FURTHER LEGAL EXPOSURE FOR ABUSE CLAIMS ARISING PRIOR TO FEBRUARY 18, 2020. SUCH PLAN REQUIRES A CONTRIBUTION FROM LOCAL COUNCILS. THE COUNCIL HAS BEEN INFORMED THAT ITS CONTRIBUTION WILL BE $3,525,762. THE COUNCILS CONTRIBUTION CONSISTS OF CASH IN THE AMOUNT OF $1,600,762, WHICH WAS REMITTED TO THE SETTLEMENT TRUST DURING THE YEAR ENDED DECEMBER 31, 2022, AND PROPERTIES WITH AN APPRAISED VALUE OF $1,925,000. DURING 2024, ONE OF THE TWO PROPERTIES WERE SOLD WITH THE PROCEEDS BEING REMITTED TO THE SETTLEMENT TUST IN 2025. THE PROCEEDS OF $950,412 HAVE BEEN DEPOSITED IN AN INTEREST-BEARING ESCROW ACCOUNT (THE ESCROW ACCOUNT) WITH BANK OF NEW YORK MELLON AS ESCROW AGENT. THIS AMOUNT IS INCLUDED IN FORM 990, PART X, LINE 2, SAVINGS AND TEMPORARY CASH INVESTMENTS. IN ACCORDANCE WITH THE ESCROW AGREEMENT, THE ESCROW ACCOUNT THE ESCROW PROPERTY SHALL REMAIN THE PROPERTY OF THE COUNCIL AT ALL TIMES UNTIL SUCH TIME AS SUCH FUNDS SHALL BE RELEASED TO THE SETTLEMENT TRUST OR RETURNED TO THE COUNCIL. THIS AMOUNT MAY INCREASE. THE ABILITY OF THE NATIONAL COUNCIL TO CONFIRM SUCH A PLAN IS UNKNOWN. MANAGEMENT OF THE COUNCIL IS UNABLE TO ASSESS THE EFFECT, IF ANY, THE RESOLUTION OF THESE MATTERS BY THE NATIONAL COUNCIL MAY HAVE ON THE COUNCIL'S OPERATIONS OR ITS FINANCIAL STATEMENTS. IN APRIL, 2023, THE NATIONAL COUNCIL EMERGED FROM CHAPTER 11 BANKRUPTCY AND FULFILLED A COMMITMENT IT MADE WHEN IT BEGAN ITS RESTRUCTURING PROOCESS IN FEBRUARY 2020: TO EQUITABLY COMPENSATE SURVIVORS AND PRESERVE THE MISSION OF SCOUTING. FORM 990, PART X, LINE 25, OTHER LIABILITIES ACCRUED LIABILITY - CONTRIBUTION TO BSA SETTLEMENT TRUST - $967,559: IN ORDER TO ACCOMPLISH ITS PURPOSES AND TO CARRY OUT ITS PROGRAMS, THE NATIONAL COUNCIL CHARTERS LOCAL COUNCILS AND PROVIDES PROGRAM MATERIALS AND ADMINISTRATIVE SUPPORT. ON FEBRUARY 18, 2020, THE NATIONAL COUNCIL FILED FOR PROTECTION UNDER CHAPTER 11 OF THE UNITED STATE BANKRUPTCY CODE. THE NATIONAL COUNCIL CONTINUES TO OPERATE ITS BUSINESS IN THE ORDINARY COURSE AND HAS RECEIVED BANKRUPTCY COURT APPROVAL TO CONTINUE ITS RELATIONSHIP WITH LOCAL COUNCILS. NEITHER THE COUNCIL NOR ANY OTHER LOCAL COUNCIL ARE PARTIES TO THE BANKRUPTCY PROCEEDING. THE COURT HAS GRANTED A STAY ON LITIGATION AGAINST BOTH THE NATIONAL COUNCIL AND LOCAL COUNCILS AND HAS APPROVED A PLAN OF REORGANIZATION THAT PROTECTS LOCAL COUNCILS FROM ANY FURTHER LEGAL EXPOSURE FOR ABUSE CLAIMS ARISING PRIOR TO FEBRUARY 18, 2020. SUCH PLAN REQUIRES A CONTRIBUTION FROM LOCAL COUNCILS. THE NET BOOK VALUE OF THE TWO PROPERTIES AND THE PROCEEDS FROM THE SALE OF ONE OF THE PROPERTIES TOTALED $967,559. THE COUNCIL HAS INCLUDED THIS AMOUNT IN ITS DECEMBER 31, 2024 FINANCIAL STATEMENTS AND IN FORM 990, PART X, LINE 25, OTHER LIABILITIES (SEE ALSO FORM 990, SCHEDULE D, PART X). IN APRIL, 2023, THE NATIONAL COUNCIL EMERGED FROM CHAPTER 11 BANKRUPTCY AND FULFILLED A COMMITMENT IT MADE WHEN IT BEGAN ITS RESTRUCTURING PROCESS IN FEBRUARY 2020: TO EQUITABLY COMPENSATE SURVIVORS AND PRESERVE THE MISSION OF SCOUTING. BOY SCOUTS OF AMERICA NATIONAL COUNCIL 1325 WEST WALNUT HILL LANE IRVING TX 75015 221576300 PROVIDE SUPPORT TX 501(C)(3) LINE 12A, I DANIEL WEBSTER COUNCIL INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0