2017-08-17T06:51:43-05:00 2016-12-31 593070669 MOORE STEPHENS LOVELACE PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2016-01-01 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 SCOUT EXECUTIVE 4078894403 2017-08-17 1 HARRY E HARP CPA P00176471 4077405400 64.132.121.122 2017-08-17 07:48:35 ED P A6970DBB2853E0D2E5FB43C562937A4824D79D77 A6970DBB2853E0D2E5FB43C562937A4824D79D77 2016 2021-01-29 14:40:06Z ERIC MAGENDANTZ 1951 S ORANGE BLOSSOM TRL NO 102 APOPKA FL 32703 310583 0 1761 X N/A X 1950 FL TO PROMOTE AND BENEFIT BOY SCOUT WORK IN CENTRAL FLORIDA. 83 83 0 83 0 0 33410 121477 0 0 -68137 189106 0 0 -34727 310583 0 0 0 0 0 0 0 0 0 22520 23741 22520 23741 -57247 286842 2954745 1610901 66000 0 2888745 1610901 FOR THE BENEFIT OF SCOUTING IN THE CENTRAL FLORIDA TERRITORY. 0 0 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 AGES 7 - 20 AND YOUNG WOMEN AGES 14 - 20 IN ELEVEN DISTRICTS COVERING SEVEN COUNTIES IN CENTRAL FLORIDA. IT PROVIDES EDUCATIONAL PROGRAMS FOR YOUNG PEOPLE TO DEVELOP THEIR SKILLS, PROMOTE FITNESS AND TRAIN IN RESPONSIBILITIES. 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 0 0 0 0 0 0 0 0 0 0 0 X 83 83 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 GREGG HARKNESS ALUMNI COMMITTEE CHAIR 2.00 0.20 X 0 0 0 PHILLIP JONES APOPKA SHORES DISTRICT CHA 2.00 0.20 X 0 0 0 WALT NASON ASSISTANT TREASURER 2.00 0.20 X X 0 0 0 GEORGE MIKITARIAN CHALLENGER DISTRICT CHAIR 2.00 0.20 X 0 0 0 WILLIAM LITTON COUNCIL ACTIVITIES CHAIR 2.00 0.20 X 0 0 0 MICHAEL DELIZ SR COUNCIL ADVANCEMENT CHAIR 2.00 0.20 X 0 0 0 BRAD VALDYKE COUNCIL CAMPING CHAIR 2.00 0.20 X 0 0 0 WILLIAM PATTERSON COUNCIL COMMISSIONER 2.00 0.20 X X 0 0 0 JAMES STRATFORD COUNCIL COMMISSIONER 2.00 0.20 X X 0 0 0 THOMAS YUSCHOK MD COUNCIL PRESIDENT 2.00 0.20 X X 0 0 0 NELL COLBERT COUNCIL YOUTH PROTECTION C 2.00 0.20 X 0 0 0 LEN WILLIAMS EC MBR-AT-LARGE/NATIONAL R 2.00 0.20 X X 0 0 0 ROBERT UTSEY EXEC. COMM MEMBER AT LARGE 2.00 0.20 X X 0 0 0 DENNIS LEMMA EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 DIANE CREWS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 DONALD HUDSPETH EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 NICHOLAS BEUCHER EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 GARY BREWER EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 STEVE BUERY CRPC EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 ROBERT BURKE EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 DON CAMPBELL EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 SHANNON CLARK EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 KEVIN JACKSON EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 BILL COWLES EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 CINDY CUTLIP EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 LARRY DALE EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JERRY DEMINGS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 TIM DOLAN EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 DONALD DILLON JR EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 BERT FONSECA EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JIM MYERS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 ROBERT GIBSON EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 FRANK GUERRIERO EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 EDWARD HADDOCK 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 DOUG HOLLIS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 VIVIANA JANER EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JEFFREY JENNINGS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JOHN JENNINGS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 AVIDO KHAHAIFA EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JEFFREY KOSIK EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 GENE LENT EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 ROBERT LLOYD EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 PAMELA CLAYTON EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 DANIEL MILLER EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 HAROLD MILLS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 CARLOS PALENZUELA EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 MATT PLOCHA EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 MICHAEL OLIVARI EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JEANNE BABIEZ EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JASON SIEGEL EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 ROGER SIMS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 CECIL SMITH EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JOHN SOWINSKI EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JEFFREY STINE EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 BILL SUBLETTE EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 ROBERT TERRY EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 TREVOR TUCKER EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 LESLIE CAMPIONE EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 MICHON WALLS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 JEFFREY WATSON EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 FLOYD WHITE EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 THOMAS WILLIAMS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 RAYMUND WOO EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 ANTHONY WOODS EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 ERIC WRIGHT EXECUTIVE BOARD MEMBER 2.00 0.20 X 0 0 0 AMY IENNACO FT. GATLIN DISTRICT CHAIR 2.00 0.20 X 0 0 0 GARY SLIGH LAKE DISTRICT CHAIR 2.00 0.20 X 0 0 0 WILLIAM RUFFIER LEGAL COUNSEL 2.00 0.20 X X 0 0 0 TERRY WHEELER LITTLE ECON DISTRICT CHAIR 2.00 0.20 X 0 0 0 JEFFERY JONASEN MBR-AT LARGE/NATIONAL REP 2.00 0.20 X X 0 0 0 TICO PEREZ MEMBER AT LARGE TO EXEC. C 2.00 0.20 X X 0 0 0 RICHARD WELCH RIVERSIDE DISTRICT CHAIR 2.00 0.20 X 0 0 0 HOMER VANTURE SEMINOLE SPRINGS DISTRICT 2.00 0.20 X 0 0 0 KARL PALVISAK TREASURER 2.00 0.20 X X 0 0 0 HAROLD LONG VICE PRESIDENT OF PROGRAM 2.00 0.20 X X 0 0 0 ALBERT PEARSALL III VP OF ENDOWMENT/PLANNED GI 2.00 0.20 X X 0 0 0 REINARDO MALAVE VP OF HISPANIC INITIATIVES 2.00 0.20 X X 0 0 0 GREG MOODY VP OF LEARNING FOR LIFE 2.00 0.20 X X 0 0 0 MONIQUE YEAGER VP OF MARKETING 2.00 0.20 X X 0 0 0 EDUARDO DOMINGUEZ VP OF MEMBERSHIP 2.00 0.20 X X 0 0 0 ERNEST DELOACH JR VP SCOUTREACH 2.00 0.20 X X 0 0 0 HENRY B KNOWLES CHIEF FINANCIAL OFFICER 55.00 0.20 X 0 86974 25036 ERIC MAGENDANTZ SCOUT EXECUTIVE/CEO 55.00 0.20 X 0 71396 20787 RON A OATS SCOUT EXECUTIVE/CEO 55.00 0.20 X 0 164945 26865 0 323315 72688 0 1 1 0 0 121477 121477 56380 56380 132726 0 132726 132726 132726 310583 0 0 189106 TRUSTEE FEES 23741 23741 23741 0 23741 0 2954745 1610901 2954745 1610901 66000 0 66000 0 X 1816008 418531 1072737 1192370 2888745 1610901 2954745 1610901 X 286842 -1564686 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 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2888745 139997 165365 1583186 1610921 2945992 33410 -90657 2888745 3040185 19643 -113836 2945992 2889865 17548 132772 3040185 2656425 178823 63541 8924 2889865 0.25980 0.74020 0 0 0 EQUITY MUTUAL FUNDS 872717 F FIXED INCOME MUTUAL FUNDS 582027 F CASH AND CASH EQUIVALENTS 24865 F LIFE INSURANCE POLICIES 131292 F 1610901 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, 2016, 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, 2013. 0 0 0 0 0 0 0 0 0 RON A OATS SCOUT EXECUTIVE/CEO 0 164945 0 0 0 0 0 19107 0 7758 0 191810 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 FROM 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. FORM 990, PART XI, LINE 9: INTER-FUND TRANSFER TO CENTRAL FL BOY SCOUTS -1,564,686. 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