Patriots' Path Council Inc

“State of new jersey requires periodic dam inspections and conservation of the easement property.”

“During 1985, the former morris-sussex area council, inc., boy scouts of america, a predecessor of the council, for consideration of $1,365,000, was granted by the nj department of environmental protection (dep), an easement for the conservation and preservation of approximately 970 acres known as mount allamuchy scout reservation. The easement, which is perpetual, is subject to several terms and conditions which require the council to submit a plan for the management of the easement area. The executive board has allocated this amount to the board-designated endowment fund. The plan must be consistent with the initial intent of the easement, which is to preserve the land in its natural, scenic and open state. Any improvements to the land must be included in the plan or approved by the nj dep. The council had been informed by the nj dep that both reservation dam structures hazard classifications had been raised to class i and both required rehabilitation to meet those standards. In december 2008, the council applied for low-cost loans from the state of new jersey in accordance with the bond act of 2003. In october 2010, the state of new jersey and the council agreed to two separate loans in order to make improvements to the two dams. The council has incurred no related expenses for the years ended december 31, 2024 and 2023. In 1995, the former council, in consideration of $800,000, granted an easement and assigned all development rights to the state of new jersey for the purpose of preserving winnebago scout reservation in its natural, scenic, open and existing state as a youth camping facility. The executive board has allocated this amount to the board-designated endowment fund. In each succeeding five-year period, the council must submit a management plan which shall include any proposed improvements or modifications to the property. The easement allows public access to an interior trail but does not allow the council to remove trees, shrubs, topsoil, etc. Or to erect buildings or other structures without obtaining the state's approval through the five-year management plan.”

“The council acts as the fiscal sponsor for various other scouting units. As the fiscal sponsor, the council coordinates the financial activities, through the receipt and disbursement of funds, on behalf of the various units. Revenue and expenses are not recognized in the accompanying statements of activities. Cash receipts in excess of disbursements are reflected in the custodial accounts liability in the statements of financial position.”

“The council's endowment consists of six individual funds established for a variety of purposes.”

“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 financial statements. The council recorded no assets or liabilities for uncertain tax positions or unrecognized tax benefits.”