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Occoneechee Council INC Boy Scouts #421 - Endowment

Tax-deductible

Raleigh, NC501(c)(3)Since 1932Youth DevelopmentEIN 56-1788551Revenue $1.1M in FY2025

On file with the IRSocscouts.org3231 Atlantic Ave, 27604-1639 · Raleigh, NCTax-exempt since Nov 1965Publicly supported charity — 170(b)(1)(A)(vi)

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The Boy Scouts of america is one of the nation's largest and most prominent values-based youth development organizations. The bsa provides a program for young people that builds character, trains them in the responsibilities of participating citizenship, and develops personal fitness. The bsa has helped build the future leaders of this country by combining educational opportunities and lifelong values with fun. The Boy Scouts of america believes, and through experience, knows, that helping youth is key to building a more conscientious, responsible, and productive society.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
Run by 31 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $554K a year · 88% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
37 mo
of spending, in cash
Looks good: 36.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $38K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 31 voting members
Looks good: 31 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+25% vs prior year
Spent
$89K
To programs
46%
Net assets
$10.0M
By yearFY2020–FY2025
Revenue
$1.1M
FY2025▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$364K
FY2021$782K
FY2022$269K
FY2023$323K
FY2024$914K
FY2025$1.1M
Expenses
$89K
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$27K
FY2021$33K
FY2022$82K
FY2023$166K
FY2024$77K
FY2025$89K
Net assets
$10.0M
FY2025▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$6.1M
FY2022$5.1M
FY2023$6.2M
FY2024$8.4M
FY2025$10.0M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $41K Management & general 4% · $3K Fundraising 50% · $45K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

32 people listed on the 990.

Part VII, Section A · reportable compensation
James Erlinger
Council President
$0Pt VII · Sec A
Scott Fedorchak
Council Commissioner
$0Pt VII · Sec A
Nicholas Long
Council Vice-President Governance
$0Pt VII · Sec A
Joseph Pizzi
Council Vice-President Properties
$0Pt VII · Sec A
Justin Sprague
Council Vice-District Operations
$0Pt VII · Sec A
Michael Pitney
Council Vice-President Finance
$0Pt VII · Sec A
Charles Moore
Council Vice-President Membership
$0Pt VII · Sec A
Jim Crawford
Council Vice -President Development
$0Pt VII · Sec A
See Occoneechee Council INC Boy Scouts #421 - Endowment executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Prepares young people to make ethical lifetime choices through character development, outdoor activities, and leadership programs based on the Scout Oath and Law.

Questions for Occoneechee Council INC Boy Scouts #421 - Endowment

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Provided by the organization

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1 program · $41K · in their own filed words · FY2025
01

To earn income that will be used to carry out the goals and mission of the boy scouts.

$41Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Vanguard Charitable Endowment ProgramFY2024$28K
North Carolina Electric Membership CorporationFY2024$10K
Total grants receivedfrom 2 funders$38K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Investment incomeLn 3$786K
Gifts and grantsLn 1h$304K
Other incomeLn 4–11$55K
Money outPt IX
$89K
Ln 25
Programscol B$41K
Managementcol C$3K
Fundraisingcol D$45K
Owns and owesPt X
$10.0M
net assets · Ln 32
Cash and savingsLn 1–2$273K
Total assetsLn 16$10.0M
LiabilitiesLn 26$6K
PeoplePt VI, VII
32
listed · VII A
PaidVII A0
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$304K
Noncash giftsLn 1g$168K
Fundraising eventsLn 1c$168K
Investment incomeLn 3$786K
Other incomeLn 4–11$55K
Gains on assetsLn 7$366K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
SavingsLn 2$273K
Cash and savings togetherLn 1–2$273K
InvestmentsLn 11–13$9.7M
Total assetsLn 16$10.0M
LiabilitiesLn 26$6K
Net assetsLn 32$10.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 631
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$478K$273K
InvestmentsLn 11–13$7.9M$9.7M
Total assetsLn 16$8.4M$10.0M
LiabilitiesLn 26$0$6K
Net assetsLn 32$8.4M$10.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Professional fundraising feesLn 11e$41K$41K
Other fees for servicesLn 11g$5K$4K$328$375
Advertising and promotionLn 12$4K$4K$303$346
Office expensesLn 13$215$183$15$17
Conferences, conventions and meetingsLn 19$18K$15K$1K$1K
Other expenses (24a–d)Ln 24$21K$18K$1K$2K
Total functional expensesLn 25$89K$41K$3K$45K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$89K$1.1M$10.0M 990 PDF
FY2024 $914K$77K$837K$8.4M 990 PDF
FY2023 $323K$166K$157K$6.2M 990 PDF
FY2022 $269K$82K$187K$5.1M 990 PDF
FY2021 $782K$33K$749K$6.1M 990 PDF
FY2020 $364K$27K$338K$4.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,144,833 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,276,840$303,597
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$336,796$786,444
I-11 Other revenuePrior year −$26,242$54,792
I-12 Total revenuePrior year $913,802$1,144,833
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $24,145$40,753
I-17 Other expensesPrior year $52,817$47,977
I-18 Total expensesPrior year $76,962$88,730
I-19 Revenue less expensesPrior year $836,840$1,056,103
Part VI · Governance 31 of 31 board members independent, 2 to look at
VI-1a Voting members of the governing body31
VI-1b Independent voting members31
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,144,833 across 9 lines filed
VIII-1c Fundraising events$167,610
VIII-1f All other contributions, gifts and grants$135,987
VIII-1g Noncash contributions (included above)$167,610
VIII-1h Total contributions, gifts and grants$303,597
VIII-3 Investment incomeExcluded from tax $420,901$420,901
VIII-7 Net gain or loss on sales of assetsExcluded from tax $365,543$365,543
VIII-8 Net income from fundraising eventsExcluded from tax $54,458$54,458
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $334$334
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $841,236$1,144,833
Part IX · Statement of functional expenses $88,730 across 6 lines filed
IX-11e Professional fundraising feesFundraising $40,753$40,753
IX-11g Other fees for servicesPrograms $3,987 · Management $328 · Fundraising $375$4,690
IX-12 Advertising and promotionPrograms $3,681 · Management $303 · Fundraising $346$4,330
IX-13 Office expensesPrograms $183 · Management $15 · Fundraising $17$215
IX-19 Conferences, conventions and meetingsPrograms $14,978 · Management $1,234 · Fundraising $1,410$17,622
IX-24 Other expenses (24a–d)Programs $17,952 · Management $1,478 · Fundraising $1,690$21,120
IX-25 Total functional expensesPrograms $40,781 · Management $3,358 · Fundraising $44,591$88,730
Part X · Balance sheet $10,021,961 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $477,507$273,028
X-11 Publicly traded securitiesStart of year $7,919,672$9,748,933
X-16 Total assetsStart of year $8,397,179$10,021,961
X-17 Accounts payable and accrued expenses$6,000
X-26 Total liabilitiesStart of year $0$6,000
X-27 Net assets without donor restrictionsStart of year $2,448,401$3,737,605
X-28 Net assets with donor restrictionsStart of year $5,948,778$6,278,356
X-32 Total net assets or fund balancesStart of year $8,397,179$10,015,961
X-33 Total liabilities and net assetsStart of year $8,397,179$10,021,961
Part XI · Reconciliation of net assets $10,015,961 net assets at year end
XI-1 Total revenue$1,144,833
XI-2 Total expenses$88,730
XI-3 Revenue less expenses$1,056,103
XI-4 Net assets at start of year$8,397,179
XI-5 Net unrealized gains (losses) on investments$562,679
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,015,961

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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