2013-08-14T15:42:36-05:00 2012-12-31 161375790 DEJOY KNAUF & BLOOD LLP 39 STATE STREET SUITE 600 ROCHESTER NY 14614 990 2012-01-01 166122899 BOY SCOUTS OF AMERICA COUNCIL 397 ENDOWMENT FUND BOYS 5852444210 474 EAST AVENUE ROCHESTER NY 14607 FRANK STRONG 5852444210 2013-08-02 1 TIMOTHY P THANEY CPA P01231250 5855461840 2013-08-02 2012 2016-02-25 16:41:14Z FRANK STRONG 474 EAST AVENUE ROCHESTER NY 14607 799708 0 X WWW.SENECAWATERWAYS.ORG X 1952 NY ENDOWMENT FUND TO SUPPORT THE ACTIVITIES AND PROGRAMS OF SENECA WATERWAYS COUNCIL, INC., BOY SCOUTS OF AMERICA. 12 12 0 12 0 0 88465 325396 2429 387 509382 473925 0 0 600276 799708 0 0 0 0 0 0 0 0 0 92001 97081 92001 97081 508275 702627 13364210 14644874 0 17722 13364210 14627152 ENDOWMENT FUND TO SUPPORT THE ACTIVITIES AND PROGRAMS OF SENECA WATERWAYS COUNCIL, INC., BOY SCOUTS OF AMERICA. 0 0 97081 387 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. 97081 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 1 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X WILLIAM BOYLE 5852444210 474 EAST AVENUE ROCHESTER NY 14607 FRANK STRONG 1.00 X X 0 0 0 FRANK CREGO 1.00 X 0 0 0 ROBERT SCHICK 1.00 X 0 0 0 TOM RUSLING 1.00 X 0 0 0 DAVID KLEIN 1.00 X 0 0 0 RONALD KNIGHT 1.00 X 0 0 0 THOMAS RICHARDS 1.00 X 0 0 0 BURTON AUGUST 1.00 X 0 0 0 WILLIAM HALE 1.00 X 0 0 0 LOUIS LANGIE JR 1.00 X 0 0 0 RICHARD FOX 1.00 X 0 0 0 PETER PAPE 1.00 X 0 0 0 STEPHEN HOITT 38.00 X 0 136199 40951 0 136199 40951 0 0 1 0 0 325396 40120 325396 387 387 387 237812 237812 236113 0 236113 236113 236113 799708 387 0 473925 X 57186 57186 39895 39895 97081 97081 0 0 191722 96054 11095 3597 4661 450 9936947 11643861 2940962 2621167 278823 279745 13364210 14644874 0 17722 0 17722 X 2423085 3109072 4064134 4550246 6876991 6967834 13364210 14627152 13364210 14644874 X 702627 1267465 -707150 X 0 1 X 1 0 X X X 0 0 0 SENECA WATERWAYS COUNCIL INC BOY SCOUTS OF AMERICA 160743108 1 1 0 1 707150 1 707150 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12877909 404153 1690116 707150 14265028 13973298 269927 -565375 799311 12877909 13039988 305501 1055476 427667 13973298 11531003 81436 2648619 1081281 139789 13039988 17739314 192315 -5287472 1006057 107097 11531003 0.21000 0.49000 0.30000 0 0 0 CASH 162064 C ALTERNATIVE INVESTMENTS 2459103 F 2621167 X DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ENDOWMENT FUND IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE (THE CODE) SECTION 501(C)(3) AND NEW YORK STATE LAW AS A CHARITABLE ORGANIZATION, WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE IS SUBJECT TO FEDERAL INCOME TAX. THE ENDOWMENT FUND CURRENTLY HAS NO UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. THE ENDOWMENT FUND HAS BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION. THE ENDOWMENT FUND IS REQUIRED TO FILE ANNUAL RETURNS WITH FEDERAL AND NEW YORK STATE TAXING AUTHORITIES. AT DECEMBER 31, 2012, THE FEDERAL AND STATE ANNUAL RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY THE RESPECTIVE AUTHORITIES FOR THE YEARS PRIOR TO 2009. MANAGEMENT HAS DETERMINED THAT THE ENDOWMENT FUND HAS NO UNCERTAIN TAX POSITIONS, INCLUDING THE TAX-EXEMPT STATUS OF THE ORGANIZATIONS AS OF DECEMBER 31, 2012. 0 0 0 0 0 0 0 0 0 STEPHEN HOITT 0 134627 0 0 0 1572 0 23152 0 17799 0 177150 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. X 3 40120 MARKET VALUE 0 0 0 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 TRUSTEES 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. OTHER FEES FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 39,895. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,895. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: TRANSFER OF INVESTMENT INCOME TO SENECA WATERWAYS COUNCIL, INC. -707,150. SENECA WATERWAYS COUNCIL INC BOY SCOUTS OF AMERICA 474 EAST AVENUE ROCHESTER NY 14607 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 0 SENECA WATERWAYS COUNCIL INC BOY SCOUTS OF AMERICA R 707150 5.5% OF AVE VALUE OF PREV 20 QTRS