2019-09-10T16:05:18-05:00 2018-12-31 593070669 MOORE STEPHENS LOVELACE PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2018-01-01 596522982 BOY SCOUT TRUST FUND FOR THE CENTRAL FL COUNCIL BOY SCOUTS OF AMERICA INC BOYS 4078894403 1951 S ORANGE BLOSSOM TRL NO 102 APOPKA FL 32703 ERIC MAGENDANTZ CEO/SCOUT EXECUTIVE 4078894403 2019-09-10 1 NORMAN B NEAL CPA P00071411 4077405400 68.95.178.125 2019-09-10 17:04:48 ED P AA06F16595B971911646E1ABD4EF9FD1205D715B AA06F16595B971911646E1ABD4EF9FD1205D715B 2018 2019-02-21 02:37:17Z ERIC MAGENDANTZ 1951 S ORANGE BLOSSOM TRL NO 102 APOPKA FL 32703 291940 0 1761 X N/A X 1950 FL TO PROMOTE AND BENEFIT BOY SCOUT WORK IN CENTRAL FLORIDA. 51 48 0 51 0 0 22615 259743 0 0 152716 -170267 0 0 175331 89476 0 0 0 0 0 0 0 0 0 14630 14650 14630 14650 160701 74826 1813793 1846428 42191 0 1771602 1846428 FOR THE BENEFIT OF SCOUTING IN THE CENTRAL FLORIDA TERRITORY. 0 0 14169 THE FUND WAS ESTABLISHED FOR THE BENEFIT OF BOY SCOUTS OF AMERICA, INC. CENTRAL FLORIDA COUNCIL (THE COUNCIL). THE COUNCIL'S MISSION IS TO PROMOTE THE BOY SCOUT PROGRAM, WHICH PROVIDES SERVICE TO YOUNG MEN AND WOMEN AGES 6-20 IN NINE DISTRICTS IN CENTRAL FLORIDA. IT PROVIDES EDUCATIONAL PROGRAMS FOR YOUNG PEOPLE TO DEVELOP THEIR SKILLS, PROMOTE FITNESS AND TRAIN IN RESPONSIBILITIES. 14169 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 51 48 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X BB&T RETIREMENT AND INSTITUTIONAL SERVICES 4078894403 PO BOX 2887 WILSON NC 278942887 AMY IENNACO COUNCIL PRESIDENT 10.00 0.20 X X 0 0 0 JIM STRATFORD COUNCIL COMMISSIONER 10.00 0.20 X X 0 0 0 BILL RUFFIER COUNCIL ATTORNEY 4.00 0.20 X X 0 0 0 KARL PALVISAK TREASURER 4.00 0.20 X X 0 0 0 LEN WILLIAMS CHAIRMAN 10.00 0.20 X X 0 0 0 TICO PEREZ CHAIRMAN ELECT 4.00 0.20 X X 0 0 0 JEFFREY KOSIK EXECUTIVE BOARD MEMBER 2.00 0.20 X X 0 0 0 BUD BEUCHER EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 STEVE BUERY EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 LESLIE CAMPIONE EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 CHRISTOPHER CLARK EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 DIANE CREWS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 CINDY CUTLIP EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 SHERIFF JERRY DEMINGS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 EDUARDO DOMINGUEZ EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 DR CHRISTOPHER GROVE MD EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 PEGGY HALL EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 FRED HAWKINS JR EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 CHRISTOPHER HAYES EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 ERNEST HERNANDEZ EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JEFFREY JENNINGS EXECUTIVE BOARD MEMBER 4.00 0.20 X 0 0 0 JOHN JENNINGS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JEFFREY JONASEN EXECUTIVE BOARD MEMBER 4.00 0.20 X 0 0 0 SHERIFF DENNIS LEMMA EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 PLATT LOFTIS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 REINARDO MALAVE EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 GEORGE MIKITARIAN EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 GARRETT MILLER EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JAMES MYERS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 BRIAN SCOTT EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 WINSTON SCOTT EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JAMES SEEGERS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 SUMMIT SHAH EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JASON SEIGEL EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 DR ROBERT TERRY EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 BRAD VALDYKE EXECUTIVE BOARD MEMBER 6.00 0.20 X 0 0 0 JOSEPH VETTER EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 THOMAS WILLIAMS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 ERIC WRIGHT EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 MONIQUE YEAGER EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 THOMAS YUSCHOK MD EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JOHN BEACHAM EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 DAVID COCCHIARELLA EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 ERNEST DELOACH JR EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 ERIC EALY EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 SCOTT KEITH EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 BILL PATTERSON EXECUTIVE BOARD MEMBER 4.00 0.20 X 0 0 0 ROBERT WAHLERS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 DR RAYMOND WOO EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 ERIC MAGENDANTZ SCOUT EXECUTIVE/CEO 60.00 0.20 X X 0 246137 35068 HENRY KNOWLES BUSINESS MANAGER/CFO 60.00 0.20 X 0 93638 25599 0 339775 60667 0 0 1 0 0 259743 259743 27738 27738 4459 202464 -198005 -198005 -198005 89476 0 0 -170267 481 481 TRUSTEE FEES 14169 14169 14650 14169 481 0 1802818 1835453 10975 10975 1813793 1846428 42191 0 42191 0 X 560848 622622 1210754 1223806 1771602 1846428 1813793 1846428 74826 0 X X 0 1 X 1 0 X X 1 BOY SCOUTS OF AMERICA INC CENTRAL FLORIDA COUNCIL 590624376 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1802818 259743 -184917 42191 1835453 1610901 11640 238277 58000 1802818 2888745 139977 165365 1583186 1610901 2945992 33410 -90657 2888745 3040185 19643 -113836 2945992 0.33920 0.66080 0 0 0 EQUITY MUTUAL FUNDS 818352 F FIXED INCOME MUTUAL FUNDS 366963 F CASH AND CASH EQUIVALENTS 512715 F LIFE INSURANCE POLICIES 137423 F 1835453 X PART V, LINE 4: EARNINGS FROM ENDOWMENT FUNDS ARE USED TO FUND THE OPERATIONS OF THE CENTRAL FLORIDA COUNCIL AND TO PAY THE EXPENSES OF THE CENTRAL FLORIDA SCOUTING PROGRAMS. PART X, LINE 2: THE COUNCIL ASSESSES WHETHER IT IS MORE-LIKELY-THAN-NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION OF THE TECHNICAL MERITS OR THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THE TAX POSITION IS NOT RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE COUNCIL RECORDED NO ASSETS OR LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS. AS OF DECEMBER 31, 2018, WITH FEW EXCEPTIONS, THE COUNCIL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY UNITED STATES FEDERAL TAXING AUTHORITIES FOR ANY TAX YEARS BEFORE THE TAX YEAR ENDED DECEMBER 31, 2015. 0 0 0 0 0 0 0 0 0 ERIC MAGENDANTZ SCOUT EXECUTIVE/CEO 0 246137 0 0 0 0 0 22937 0 12131 0 281205 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE EXECUTIVE BOARD OF BOY SCOUTS OF AMERICA INC. CENTRAL FLORIDA COUNCIL (THE COUNCIL) HAVING ESTABLISHED AND CREATED THE BOY SCOUT TRUST FUND FOR THE CENTRAL FLORIDA COUNCIL (THE FUND) SHALL BE ITS GOVERNING BODY. THE COUNCIL HAS THE POWER TO APPOINT AND DISCHARGE THE TRUSTEE AS IT DEEMS APPROPRIATE AND, SUBJECT TO THE PROVISION OF THE CHARTER, BYLAWS, AND RULES AND REGULATIONS OF THE BOY SCOUTS OF AMERICA, GIVES BROAD POWERS TO THE TRUSTEE, AS ENUMERATED IN THE AGREEMENT OF TRUST, TO ADMINISTER THE FUND. FORM 990, PART VI, SECTION A, LINE 7A ACTIVE MEMBERS MAY ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ACTIVE MEMBERS OF THE COUNCIL MAY ELECT MEMBERS-AT-LARGE, REGULAR MEMBERS OF THE EXECUTIVE BOARD, AND OFFICERS OF THE COUNCIL OTHER THAN THE SCOUT EXECUTIVE. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING EACH YEAR, THE TRUST FUND'S AUDIT COMMITTEE PERFORMS A THOROUGH REVIEW OF A PRELIMINARY DRAFT OF THE FUND'S FORM 990 WHERE IT 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 IS PRESENTED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW. AT THAT TIME, A COMPLETE COPY OF THE TRUST FUND'S FORM 990 AND SCHEDULE IS EMAILED TO EACH DIRECTOR, WHERE HE OR SHE IS INVITED TO REVIEW THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE FUND FOLLOWS THE POLICY OF THE COUNCIL WHICH IS TO, AT LEAST ONCE A YEAR, DISTRIBUTE A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM TO ITS OFFICERS, DIRECTORS, TRUSTEES, AND PROFESSIONAL EMPLOYEES. THE COVERED PERSONS ARE REQUIRED TO COMPLETE AND SIGN THE CERTIFICATION AND DISCLOSURE FORM, WHICH IS RETAINED IN THE COUNCIL FILES. THE CERTIFICATION AND DISCLOSURE FORMS ARE REVIEWED NO LESS THAN ANNUALLY BY THE SCOUT EXECUTIVE AND TREASURER. ADDITIONALLY, THE COUNCIL COMPILES AND MAINTAINS A LIST OF POTENTIALLY CONFLICTED ENTITIES AND INDIVIDUALS. PROPOSED TRANSACTIONS ARE THEN MATCHED AGAINST THE LIST AS A MEANS OF IDENTIFYING POSSIBLE CONFLICTS. THE SCOUT EXECUTIVE IS ULTIMATELY RESPONSIBLE FOR MAINTAINING THE LIST AND SCREENING FOR POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 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 OR 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 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, LINE 15B - COMPENSATION REVIEW AND APPROVAL PROCESS - OFFICERS & KEY EMPLOYEES DURING THE ANNUAL BUDGETING PROCESS, THE EXECUTIVE BOARD REVIEWS THE REASONABLENESS OF THE FEES CHARGED BY THE TRUSTEE BASED ON THE INVESTMENT POLICY APPROVED BY THE EXECUTIVE BOARD TO SET A REALISTIC TARGET FOR INCOME, AND A BENCHMARK AND TIME LINE FOR COMPARISON, TO HOLD THE TRUSTEE ACCOUNTABLE. FORM 990, PART VI, SECTION C, LINE 18 THE TRUST FUND IS INCLUDED IN THE 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 THE FUND'S POLICY REGARDING DISCLOSURE OF GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS FOLLOWS THAT OF BOY SCOUTS OF AMERICA, INC. CENTRAL FLORIDA COUNCIL, WHICH IS THAT IF THE GOVERNING DOCUMENTS AND POLICIES OF THE COUNCIL ARE SUBJECT TO THE FEDERAL PUBLIC DISCLOSURE RULES (OR STATE PUBLIC DISCLOSURE RULES), THESE DOCUMENTS WILL BE MADE PUBLICLY AVAILABLE AS APPLICABLE LAW MAY REQUIRE. OTHERWISE, THE GOVERNING DOCUMENTS AND POLICIES WILL BE PROVIDED TO THE PUBLIC AT THE DISCRETION OF MANAGEMENT. AUDIT OVERSIGHT COMMITTEE: THE ORGANIZATION'S AUDIT OVERSIGHT COMMITTEE IS RESPONSIBLE FOR THE SELECTION, MONITORING AND EVALUATION OF AN INDEPENDENT AUDIT FIRM AND OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE WAS NO CHANGE IN THIS PROCESS FROM PRIOR YEAR. BOY SCOUTS OF AMERICA INC CENTRAL FLORIDA COUNCIL 1951 SOUTH ORANGE BLOSSOM TRAIL 102 APOPKA FL 32703 590624376 TO PROMOTE THE BOY SCOUT PROGRAM BY PROVIDING EDUCATIONAL PROGRAMS. FL 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0