2012-08-13T11:28:53-05:00 2011-12-31 161375790 DEJOY KNAUF & BLOOD LLP 39 STATE STREET SUITE 600 ROCHESTER NY 14614 990 2011-01-01 166122899 BOY SCOUTS OF AMERICA COUNCIL 397 ENDOWMENT FUND BOYS 5852444210 474 EAST AVENUE ROCHESTER NY 14607 STEPHEN T HOITT 5852444210 2012-08-10 1 TIMOTHY P THANEY CPA P01231250 5855461840 2012-08-09 2011 2016-02-24 21:20:13Z STEPHEN T HOITT 474 EAST AVENUE ROCHESTER NY 14607 600276 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 0 0 0 1058377 88465 12205 2429 24809 509382 0 0 1095391 600276 0 0 0 0 0 0 0 0 0 85875 92001 85875 92001 1009516 508275 14673218 13364210 0 0 14673218 13364210 ENDOWMENT FUND TO SUPPORT THE ACTIVITIES AND PROGRAMS OF SENECA WATERWAYS COUNCIL, INC., BOY SCOUTS OF AMERICA 0 0 92001 2429 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. 92001 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 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 140888 16085 LEON T SAWYKO 1.00 X 0 0 0 0 140888 16085 0 0 1 0 0 88465 88465 2429 2429 2429 354680 354680 154702 0 154702 154702 154702 600276 2429 0 509382 51558 51558 40443 40443 92001 92001 0 0 419760 191722 20628 11095 9061 4661 10965959 9936947 3007339 2940962 250471 278823 14673218 13364210 0 0 X 3607304 2423085 4261543 4064134 6804371 6876991 14673218 13364210 14673218 13364210 X 508275 -1817283 X 0 1 1 X 0 X X X 0 0 0 SENECA WATERWAYS COUNCIL INC BOY SCOUTS OF AMERICA 160743108 7 1 0 1 799311 1 799311 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13973298 -565375 0 530014 12877909 13039988 305501 1055476 427667 13973298 11531003 81436 2648619 1081281 139789 13039988 17739314 192315 -5287472 1006057 107097 11531003 0.18000 0.52000 0.30000 0 0 0 CASH 284765 C ALTERNATIVE INVESTMENTS 2656197 F 2940962 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 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: 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, 2011, THE FEDERAL AND STATE ANNUAL RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY THE RESPECTIVE AUTHORITIES FOR THE YEARS PRIOR TO 2008. MANAGEMENT HAS DETERMINED THAT THE ENDOWMENT FUND HAS NO UNCERTAIN TAX POSITIONS, INCLUDING THE TAX-EXEMPT STATUS OF THE ORGANIZATIONS AS OF DECEMBER 31, 2011. 0 0 0 0 0 0 0 0 0 STEPHEN HOITT 0 139583 0 0 0 1305 0 0 0 16085 0 156973 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR IS COMPENSATED BY THE PARENT ORGANIZATION, SENECA WATERWAYS COUNCIL, INC. 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 THE ORGANIZATION'S AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AND MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATIONS AUDIT COMMITTEE OF THE BOARD OF DIRECTORS WILL REVIEW CONFLICT OF INTEREST STATEMENTS AND, WITH THE PRESIDENT, WILL RESOLVE ANY CONFLICTS, IF NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION COMPLIES WITH ALL APPLICABLE FEDERAL AND STATE REGULATIONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,017,972. TRANSFER OF INVESTMENT INCOME TO SENECA WATERWAYS COUNCIL, INC. -799,311. TOTAL TO FORM 990, PART XI, LINE 5: -1,817,283. SENECA WATERWAYS COUNCIL INC BOY SCOUTS OF AMERICA 474 EAST AVENUE ROCHESTER NY 14607 160743108 TO PROVIDE VALUE ORIENTED PROGRAMS FOR BOYS THROUGH VARIOUS ACTIVITIES NY 501(C)(3) LINE 7 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 Q 799311 FAIR MARKET VALUE OF INCOME.