2016-08-03T13:26:58-05:00 2015-12-31 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2015-01-01 166122899 BOY SCOUTS OF AMERICA COUNCIL 397 ENDOWMENT FUND BOYS 5852444210 2320 BRIGHTON HENRIETTA TL ROAD ROCHESTER NY 14623 FRANK STRONG CHAIR 5852444210 2016-07-28 1 RAYMOND J JACOBI P00160856 5854231860 2016-07-28 2015 2016-12-15 16:53:06Z FRANK STRONG 2320 BRIGHTON HENRIETTA TL ROAD ROCHESTER NY 14623 10675926 0 X WWW.SENECAWATERWAYS.ORG X 1952 NY ENDOWMENT FUND TO SUPPORT THE ACTIVITIES AND PROGRAMS OF SENECA WATERWAYS COUNCIL, INC., BOY 10 10 0 12 0 0 103677 2289206 0 0 706367 1187958 0 0 810044 3477164 0 0 0 0 0 0 0 0 7251 56966 65921 56966 65921 753078 3411243 15985402 17245954 20406 0 15964996 17245954 ENDOWMENT FUND TO SUPPORT THE ACTIVITIES AND PROGRAMS OF SENECA WATERWAYS COUNCIL, INC., BOY SCOUTS OF AMERICA. 0 0 53792 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. 53792 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 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 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X LORI WILKES 5852444210 2320 BRIGHTON HENRIETTA TOWNLINE RD ROCHESTER NY 14623 FRANK STRONG CHAIR 1.00 1.00 X X 0 0 0 FRANK CREGO BOARD TRUSTEE 1.00 1.00 X 0 0 0 ROBERT SCHICK BOARD TRUSTEE THRU 8/28/15 1.00 1.00 X 0 0 0 DAVID KLEIN BOARD TRUSTEE 1.00 1.00 X 0 0 0 BURTON AUGUST SR BOARD TRUSTEE 1.00 X 0 0 0 RICHARD FOX BOARD TRUSTEE 1.00 X 0 0 0 PETER PAPE BOARD TRUSTEE 1.00 1.00 X 0 0 0 DAVID LIPPITT BOARD TRUSTEE THRU 5/4/15 1.00 2.00 X 0 0 0 THOMAS RUSLING BOARD TRUSTEE 1.00 X 0 0 0 THOMAS RICHARDS BOARD TRUSTEE 1.00 1.00 X 0 0 0 LOUIS LANGIE JR BOARD TRUSTEE 1.00 X 0 0 0 ROBERT KESSLER BOARD TRUSTEE 1.00 2.00 X 0 0 0 STEPHEN HOITT SECRETARY/TREASURER 2.00 38.00 X 0 152747 23469 0 152747 23469 0 0 1 0 0 2289206 2289206 162224 162224 8224496 7198762 1025734 1025734 1025734 3477164 0 0 1187958 X 24114 24114 35000 22871 4878 7251 5642 5642 MISCELLANEOUS EXPENSES 1165 1165 65921 53792 4878 7251 102201 217169 200 0 0 5800 12579684 5364040 3022605 11381798 280712 277147 15985402 17245954 20406 0 20406 0 X 3702859 2952911 5199314 5190539 7062823 9102504 15964996 17245954 15985402 17245954 X 3411243 -1396457 -733828 X X 0 1 X 1 0 X X 1 SENECA WATERWAYS COUNCIL INC BOY SCOUTS OF AMERICA 160743108 1 1 733828 0 1 733828 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15602289 1936735 -158745 634441 16745838 15923919 387089 708719 15602289 14265028 151767 2203177 696053 15923919 12877909 404153 1690116 707150 14265028 13973298 269927 -565375 799311 12878539 0.14640 0.31000 0.54360 0 0 0 10355526 F ALTERNATIVE INVESTMENTS 1026272 F 11381798 1336379 -1396457 -1396457 2732836 744328 744328 3477164 65921 0 65921 0 65921 PART V, LINE 4: THE ENDOWMENT FUND HAS ADOPTED INVESTMENT AND SPENDING PROCEDURES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS ADMINISTERED BY THE SENECA WATERWAYS 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: TRANSFER OF INVESTMENT INCOME TO SENECA WATERWAYS COUNCIL 744,328. 0 0 0 0 0 0 0 0 0 STEPHEN HOITT SECRETARY/TREASURER 0 152747 0 0 0 0 0 14487 0 8982 0 176216 0 0 PART I, LINE 3 THE SECRETARY OF THE ENDOWMENT FUND ALSO SERVES AS EXECUTIVE DIRECTOR OF THE SENECA WATERWAYS COUNCIL AND IS COMPENSATED BY THAT RELATED ORGANIZATION. THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS BENCHMARKED BY THE BOY SCOUTS OF AMERICA. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY SENECA WATERWAYS COUNCIL'S AUDIT COMMITTEE AND MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES OF THE ENDOWMENT FUND FOLLOW THE POLICIES SET FORTH BY THE EXECUTIVE BOARD OF THE SENECA WATERWAYS COUNCIL. THE SENECA WATERWAYS COUNCIL'S AUDIT COMMITTEE WILL REVIEW CONFLICT OF INTEREST STATEMENTS AND, WITH THE CHAIR, WILL RESOLVE ANY CONFLICTS, IF NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION COMPLIES WITH ALL APPLICABLE FEDERAL AND STATE REGULATIONS. THE INFORMATION IS ON FILE AND CAN BE MADE AVAILABLE FOLLOWING A WRITTEN REQUEST FOR THE INFORMATION. THEY ARE ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 22,871. MANAGEMENT AND GENERAL EXPENSES 4,878. FUNDRAISING EXPENSES 7,251. TOTAL EXPENSES 35,000. FORM 990, PART XI, LINE 9: TRANSFER OF INVESTMENT INCOME TO SENECA WATERWAYS COUNCIL, INC. -744,328. TRANSFER OF PERMANENTLY RESTRICTED NET ASSETS FROM SENECA WATERWAYS COUNCIL 10,500. FORM 990, PART XII, LINE 2C: THE PROCESS IS CONSISTENT WITH PRIOR YEAR. SENECA WATERWAYS COUNCIL INC BOY SCOUTS OF AMERICA 2320 BRIGHTON HENRIETTA TOWNLINE RD ROCHESTER NY 14623 160743108 TO PROVIDE VALUE ORIENTED PROGRAMS FOR YOUTH THROUGH VARIOUS ACTIVITIES NY 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1